Global Market Commentary, Analysis and Investments
I got a disturbing email from Bianco Research which showed a chart of “Private Credit Market Debt” which they say shows “Total credit market creation not including Treasury Debt, Municipal Debt and Agency Debt”.
It is actually a horror that the level of private debt peaked last year at about $36 trillion, which is certainly a lot of money, especially since total GDP of the Whole Freaking Country (WFC) is only $14 trillion (and falling!).
[Read more...]“The world’s largest shopping mall is almost entirely empty,” says a headline now making its way around the Internet. The mall is not one of America’s consumer emporia. It is not in the US at all. Instead, it is in the Middle Kingdom…and twice as large as the “Mall of the Americas.”
The world did not end in 2009. Two things are widely reported to have saved it – stimulus in the West and China in the East.
[Read more...]What a day the currencies had yesterday! The euro (EUR) gained ground all the way back to 1.3730 (but saw some profit taking at the end of the day) and all the other currencies followed in step… Now… There’s two ways to look at this… Either the euro is like a star that’s getting ready to burn out… (It always shines brightest before it burns out), or… It’s like a star that had been covered up by another planet, and is coming back into view!
[Read more...]1) As we approach the end of the decade, we take stock of The Daily Reckoning’s beloved “Trade of the Decade.” You know it by heart, right? “Buy gold on dips, sell stocks on rallies.” Bloomberg News has tallied up and reported the satisfying results…
1) As we approach the end of the decade, we take stock of The Daily Reckoning’s beloved “Trade of the Decade.” You know it by heart, right? “Buy gold on dips, sell stocks on rallies.” Bloomberg News has tallied up and reported the satisfying results…
US Economic Boat Sinking in the Money Flood
Does anyone seriously think the feds can do a better job? These are the people who run the Post Office…and Amtrak, for Pete’s sake. Even with monopolies, they can’t make money. Now they’re the majority owners of auto companies, insurance giants and mortgage firms. Hardly anyone buys a house in America anymore without the help of a government-owned mortgage business. And soon, you won’t be able to get a doctor to take your temperature – assuming they still do that – without getting a bureaucrat’s approval.
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