Wolf Richter on Chris Martenson’s PeakProsperity.
A Gargantuan Crime Scene.
What will sink the US auto boom?
The idea didn’t include anyone in real estate.
Counterparties are losing confidence, withdraw cash.
Everyone is denying everything.
No bank is “so powerful as to be untouchable.”
When will she buckle?
The potential to unleash the “third phase” of the Global Financial Crisis.
With a stagnating economy, even supposedly good debt on banks’ books may end up putrefying.