” 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!
China Sees Bankruptcies Surge; Bondholders May Get Less Back
Missed bond payments in 2018 have almost quadrupled the tally last year
Bloomberg–6 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 …
Reuters–3 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.
CNBC–17 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.
Reuters–10 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 …
CNBC–21 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 …
Fortune–4 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 …
Courier Journal–3 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 …
Reuters–19 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 …
KTLA–22 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, …