[Jonty30]

Consequence of 50 years of unsound financial policy.

[Slyfox]

Paging Jonathon Cahn.

[Psalm 73]

We won’t get out of 2016 in one piece....

[proxy_user]

I was thinking, gee, this sounds like that guy Ambrose Evans-Pritchard. Yep, that’s who it is. Between him, David Stockman, and Niall Fergusen, we are definitely doomed.

[eyeamok]

Does this mean that you really can’t borrow your way to prosperity? Somebody should tell Congress

[WKUHilltopper]

Beans. Bullets. Bibles. Survival necessities.

[allendale]

This much is true. When your economic policy is tax, print, borrow, commit to ever expanding unfunded liabilities,and stifle capitalism, economic death is sure to follow.

[RayChuang88]

I wouldn't be surprised that we'll get the following after this financial crisis passes:

1. Taxation will be much simpler than now, meaning very few tax loopholes in return for much lower tax rates.
2. Business regulations will be drastically streamlined to encourage real business activity.
3. Currencies will go back to being backed by a physical precious metals, a combination of gold, silver, platinum, palladium, and possibly nickel and copper.

[Buckeye McFrog]

We are entering the age of the Debt Cartel.

Deadbeat countries, credit card holders, student loan recipients, are all about to get the upper hand.

[AndyJackson]

Debts have continued to build up over the last eight years

That is what happens when you expand credit.

[Wolfie]

Luckily we learned our lesson in 2008, and the too big to fail banks have been broken up into small enough pieces that they won’t have to be bailed out.

[TADSLOS]

Of interest...

[Oatka]

The next task awaiting the global authorities is how to manage debt write-offs - and therefore a massive reordering of winners and losers in society - without setting off a political storm.
Like juggling vials of nitro glycerine - or parachute jumping. You just need to fail one time . . .

And in other news:
Baltic Dry Index Falls for Eleventh Straight Day.
[snip]: "The index has plunged 115 points or around 24 percent in January."

oh oh