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Thursday, September 23, 2021

A Look Inside The $52 Trillion Bubble That Has “Hijacked China’s Economy”

More than three years ago, we explained why "the fate of the world economy is in the hands of China's housing bubble." As we said at the time, "China has always been a serial bubble inflator courtesy of a closed (capital account) economy, and nearly $30 trillion in bank deposits [$40 trillion as of July…

$6.66 Trillion

Well at least our satanic overlords have a sense of humor. According to the latest Fed balance sheet, as of April 29, the Fed's balance sheet increased by 82.8 billion dollars over the past week, rising to a record  6,655,929,000,000 which, of course rounds up to $6.66 trillion (also, who can possibly forget that 666…

UN Calls For Trillion Dollar Debt Jubilee For Poorest Countries 

For weeks, the United Nations, International Monetary Fund, and World Bank have stated the only solution for emerging market economies severely damaged by the coronavirus outbreak is a "debt jubilee." The United Nations Conference on Trade and Development (UNCTAD) published a note on Thursday morning that said about $1 trillion in debt owed by developing countries should be canceled…

This Curve Will Never Flatten Again: Fed Balance Sheet Hits $6.1 Trillion, Up $2...

Here is an example of a curve that everyone wants to flatten. And here is an example of a curve that while some  - namely the bears - also wants to see collapse, it will never do so  as that would mean the end of western civilization - which is now entirely contingent on the…

“If Getting Us Into $6 Trillion More Debt Doesn’t Matter, Then Why Not $350...

Shortly after 4pm, president Trump signed into law the $2 trillion fiscal stimulus also known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which gives the Fed the ammunition to issue up to $4.5 trillion in additional debt, a "Multitrillion Dollar Helicopter Credit Drop" as Bloomberg called it, and officially launches not…

BOJ Admits It Has Lost 3 Trillion Yen On Its Equity Purchases Despite Literally...

Long gone are the days when central banks pretended they aren't in the business of propping up the stock market. A week after we reported that the BOJ had bought a record amount of ETFs in a desperate attempt to stabilize its illiquid stock market, where the central bank now owns over 73% of all…

$5.6 Trillion Fund Manager Warns Stocks Face “Significant” Risk Of Double-Digit Pullback In 2020

The head of investment strategy for one of the largest piles of investor capital in the world believes stocks face a "greater-than-usual" risk of a sizable pullback during 2020. Joseph Davis, the head of investment strategy at Vanguard, one of the largest asset-management companies in the world and the progenitor of passive investing, said he…

6.4 Trillion Reasons To End America’s Forever Wars

Authored by Mike Shedlock via MishTalk, Since 9/11, the cost of Forever War totals $6.4 Trillion and 801,000 killed including 335,000 dead civilians. For What? Neta C. Crawford, Professor and Chair of the Department of Political Science at Boston University and a co-director of the Costs of War Project at Brown University calculates the [Cost…

The $22 Trillion Market Keeping Coal Afloat

Authored by Vanand Meliksetian via OilPrice.com, The global economy has been going through a remarkable period of growth especially due to China’s open-door policy since the late seventies. Also, other major Asian economies have contributed to what some analysts believe will become the ‘Asian Century’. The region is about to sign the Regional Comprehensive Economic Partnership (RCEP) treaty…

Government Adds Half a Trillion Dollars to National Debt in One Month

Skip to content Out of control spending, spiraling deficits amid economic expansion concerning experts The fiscal year budget deficit surged passed $1 trillion last month.Spending deficits necessarily mean more government borrowing and we’re seeing that in the numbers as well. Uncle Sam’s outstanding public debt grew by $450 billion in August alone.The national debt stood at $22.02…

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