“The debt needs to blow up. It needs to go way. There is too much debt, globally.” Wolf Richter on the X22 Report.
Projected losses at the top 34 banks in a “severely adverse scenario.”
QE-Unwind may start in September.
Oh my, how things have changed since late last year.
She did her homework. And consumers got a temporary gift.
Fed lays out plan to unwind QE by $600 billion a year. Markets shrug. But “Painful sell-offs eventually materialize…”
The death spiral of the department store.
Commercial Real Estate’s boom-and-bust cycle heads south.
Here are some visual aids to help the Fed spot the housing bubble.
Worst-case scenario ahead.