The Next Financial Crisis

via Daniel Lacalle We have been reading numerous comments recently about a forthcoming recession and the next crisis, particularly on the tenth anniversary of the collapse of Lehman Brothers. The question is not whether there will be a crisis, but when. In …

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It took $19 trillion in public funds to “save the financial system”. That came out of your pocket. But here’s who doled out the money, and exactly where it went.

via newsweek: Where the Money came From Federal Reserve $8.2 trillion; included bank loans and asset guarantees. Treasury Dept. $6.8 trillion; included TARP funds, stimulus spending, and tax benefits. Other $654 billion; included $134 billion from FHA to guarantee residential mortgages. …

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Leveraged bets on the stock market are starting to unwind; Financial Stress Index rises to the highest level since Feb 2016…. Nomura: The global economy is ‘already on an irreversible path’ to a downturn

via businessinsider: In the life of a decade-long credit cycle, the global economy’s current condition shows it’s firmly heading toward a downturn, according to a new analysis from Nomura. A single cycle is historically a decade long. The beginning is marked …

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