Suddenly – I mean the signs had been everywhere for a long time and “suddenly” doesn’t really apply – the whole house of cards came tumbling down.
In the US alone, it impacts nearly $40 trillion. And there are consequences for the real economy.
Beatings will continue until morale improves, or something.
Oh, it’s here alright.
OK, so we have a phenomenon here that has taken on historically huge proportions in the era of the Everything Bubble.
The Fed has already accomplished more with its verbiage this year than it had last time when it cut rates all the way to zero and did trillions of dollars of QE.
The Treasury Market Acts Like the Economy is in a Death Spiral, But Wait…
How a Low Share Price Would be Fatal for Tesla, and why Musk has to pump it up, come hell or high water.
What the Subprime Auto-Loan Fiasco Means.
Why a US-Style Mortgage Crisis Can Happen Anywhere.