Get Ready For Another 2008-Style Financial Crisis
Posted by admin / Under Credit Risk
Get Ready For Another 2008-Style Financial Crisis Stock-Markets / Credit Crisis 2012 May 17, 2012 - 12:18 PM By: Dr Martenson Well, my hat is off to the global central planners for averting the next stage of the unfolding financial crisis for as long as they have. I guess there’s some solace in having had a nice break between the events of 2008/09 and today, which afforded us all the opportunity to attend to our various preparations and enjoy our lives.Alas, all good things come to an end, and a crisis rooted in ‘too much debt’ with a nice undercurrent...
Published on Monday 21st of May 2012 01:28:58 AM
BILL GROSS: 'We Are Witnessing The Death Of Abundance'
Posted by admin / Under Credit Risk
BILL GROSS: 'We Are Witnessing The Death Of Abundance' Joe Weisenthal Febuary 1, 2012 In his latest monthly letter, PIMCO's Bill Gross has a long philosophical-sounding discussion about credit, delevering, and the difficult task facing Bernanke. The money line is this paragraph at the end: Where does credit go when it dies? It goes back to where it came from. It delevers, it slows and inhibits economic growth, and it turns economic theory upside down, ultimately challenging the wisdom of policymakers. We’ll all be making this up as we go along for what may seem like an eternity. A 30-50...
Published on Monday 21st of May 2012 01:28:58 AM
S&P Sounds Alarm On US, G20 Downgrades
Posted by admin / Under Credit Risk
S&P Sounds Alarm On US, G20 Downgrades Antonia van de Velde, CNBC January 31, 2012 Concerns over the size of United States debt reared their head once again as ratings agency Standard & Poor’s warned that health care costs for a number of highly-rated Group of 20 countries, including the U.S., could hurt growth prospects and harm their sovereign creditworthiness from the middle of this decade. S&P downgraded the United States credit rating for the first time ever in August of last year. "Governments' fiscal burdens will increase significantly over the coming decade, with the highest deterioration in public finances...
Published on Monday 21st of May 2012 01:28:58 AM
Obama deseves credit for the Iraq "surge"!
Posted by admin / Under Credit Risk
No doubt about it, President Obama deseves credit for the Iraq "surge". The AP reported on Tuesday that, "Attacks in Iraq have 'surged' since the U.S. troops left. [Because Obama refused to leave a residual force of U.S. troops in Iraq.] More than 160 people have been killed since the beginning of the year." Clearly, Obama deseves credit for the "surge" in Iraq.....
Published on Monday 21st of May 2012 01:28:58 AM
Nov. consumer credit surges by $20.4 billion
Posted by admin / Under Credit Risk
WASHINGTON (MarketWatch) -- U.S. consumers increased their debt in November by a seasonally adjusted $20.4 billion, the largest increase since November 2001, the Federal Reserve reported Monday. Monthly debt rose at a 10% annual rate in November, a much faster pace than had been expected by Wall Street economists.
Published on Monday 21st of May 2012 01:28:58 AM
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