Total debt owed in the US (sovereign, private, pensions, Medicare, social security etc) > 1,100% of the country’s GDP

https://twitter.com/OccupyWisdom/status/999660045704073216

Italy 🇮🇹 Euro liabilities of Financial System 24% of GDP, Debt to GDP 132% with short term maturities above 20% of GDP.
Populists think they will exit the euro, print Lira and increase pensions, spending, salaries and export more to the countries they default on. Magic pic.twitter.com/eosYHbMgKS
— Daniel Lacalle Official Account (@dlacalle_IA) May 24, 2018

where is inflation rearing its ugly head? pic.twitter.com/CvlhQmB6jl
— Alastair (@StockBoardAsset) May 24, 2018

Health Care Costs for Typical American Family Hit Record High

The Fiscal Times–17 hours ago

The annual cost of health care for a typical American family – two parents and two children covered by an employer-sponsored preferred provider organization …

How BOJ Crushed Trading in Japan’s $10 Trillion Bond Market

Bloomberg–17 hours ago

Ten-year bond number 350 was born on March 1, created to refinance a small sliver of the 1.1 quadrillion odd yen ($10 trillion) worth of Japanese public debt.

Getting Rich on Government-Backed Mortgages

Bloomberg–5 hours ago

Monthly debt payments now eat up half his take-home pay. … players today than during the last mortgage bubble, according to a Brookings Institution report.

South Korea Household Debt Reaches $1.36 Trillion

Financial Tribune–19 hours ago

The first quarter figure marks the largest since the central bank began compiling related data in the fourth quarter in 2002. The increase rate of household credit ..

h/t OccupyWisdom

Got a news tip or correction? Let us know

If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.

1 view