US financial company stocks are officially in a bear market, banks quietly pull back from riskiest loans amid recession fears, China sees bankruptcies Surge

” Since its peak in late January, the S&P 500 financials index has fallen more than 20%—typically considered the threshold for the start of a bear market. Concerns about economic growth and the increasing cost of borrowing money may be making investors more pessimistic ”

Goldman has been hammered!

qz.com/1497129/us-bank-stocks-are-in-a-bear-market-after-falling-more-20-from-their-peak/

China Sees Bankruptcies Surge; Bondholders May Get Less Back

Missed bond payments in 2018 have almost quadrupled the tally last year

www.bloomberg.com/news/articles/2018-12-16/china-sees-bankruptcies-surge-with-call-to-resolve-zombies?srnd=premium

 

14889930106680 Reasons to Fear Recession

Bloomberg6 hours ago
This debt bubble will not be easily fixed. Finding Reverse Again. Japanese Prime Minister’s famous three economic arrows are failing to hit their mark. Debt that …

US banks quietly pull back from riskiest loans amid recession fears

Reuters3 hours ago
… as do industry reserves and charge-offs for bad debt, banks have started to pull … like the 2001 tech bubble bursting than the 2007-09 global financial crisis.

Ron Paul: A 50% correction will spark depression-like conditions that …

CNBC17 hours ago
… quantitative easing has caused the “biggest bubble in the history of mankind. … been highly critical of the 2017 Trump tax cuts for creating a dire debt situation.

Japan’s central bank to warn of rising growth risks, policy seen steady

Reuters10 hours ago
TOKYO (Reuters) – As the risks to the global economy rises, the Bank of Japan is expected to join a chorus of warnings from other policy-makers of the threat to …

Market sell-off was ‘not an isolated event’ and expect more sharp falls …

CNBC21 hours ago
The Bank of International Settlements (BIS), an umbrella group for the world’s … The BIS highlighted the steady increase of interest rates from central banks …

 

Why Record $1.465 Trillion Student Debt Could Test US Economy

Fortune4 hours ago
U.S. student loan debt outstanding reached a record $1.465 trillion last month and one … The record student debt level is more than double the $675 billion …

Kentucky is in a $43 billion pension hole. Here are some reasons why

Courier Journal3 hours ago
FRANKFORT – In 2000, Kentucky’s public retirement plans were fully funded. Since then, they’ve accumulated nearly $43 billion in debts — making Kentucky’s …

French PM predicts budget deficit at 3.2 percent of GDP in 2019: Les …

Reuters19 hours ago
French PM predicts budget deficit at 3.2 percent of GDP in 2019: Les Echos … protesters earlier this month, blowing a 10 billion euro ($11.30 billion) hole in the …

Dozens of LA Pensions Exceeding IRS Limits, Costing Taxpayers …

KTLA22 hours ago
… are collecting such generous retirement pay that they exceed pension fund limits set by the Internal Revenue Service, saddling taxpayers with additional costs, …
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h/t SP
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