Debt binge hits limit, with big impact on overall economy. Chilling charts.
It’s not like Miami hasn’t been through a horrendous condo glut before.
After the credit bubble comes the credit bust.
“Wolves are in charge of the hen house.”
The Fed caused it, but it won’t do much to contain it.
$1.7 trillion blown on making EPS look less bad.
Bondholders, savers, consumers to be put through inflation wringer.
If the ECB scales back stimulus, banks face even greater risk of collapse. But now there’s a new solution.
“Fake prices,” metastasizing derivatives, bloodletting among retailers, the Snap IPO that turns stockholders into zombies, China’s credit bubble that makes even the New York Fed jittery… (video).
The Fed is way behind the curve, but at least it now sees the curve.