P!
I continue to be amazed that virtually every country in the world seems to be deeply in debt. It doesn’t seem possible, and yet here we are.
There are an abnormal number of gloom and doom reports out over the past couple of weeks.
But, it seems like we keep pulling the rabbit out of the hat. I’ve played on teams like that. In the end, the luck runs out. Cinderella is a fairy tale.
I wonder when this streak will really end?
- Real economy in Depression?
The Stock Market Soars
- Real unemployment at 22%?
The Stock Market Soars
- Debt at critical levels?
The Stock Market Soars
- Retail implosion?
The Stock Market Soars
The Fed made a decision to prop up the Stock Market, no matter what. Rounds of QE. ZIRP. Free cash.
What they have done is pack tons of explosive TNT into our economy and hope that no one notices.
Delightful propaganda from those London gangsters...er, bankers.
MF estimates that 15% of Chinese loans to nonfinancial corporations are at risk. With nonfinancial corporations’ debt currently standing at 150% of GDP, the book value of the bad loans could be a quarter of national income.
https://www.project-syndicate.org/commentary/china-bad-loan-solutions-by-barry-eichengreen-2016-05