The bond bubble is now well over $199 trillion in size. And if we were to include credit instruments that trade based on bonds, we’re well north of $600 trillion.
Anyone with any sense for global economic trends ought to be worried. The signs are everywhere of a serious deflationary crisis.
Republican kingmakers are nothing if not pragmatic, they want results for their money. They aren’t getting it. They are unhappy. They are angry. But like a chameleon changing colors, they want to be on the winning side. They all know Trump, they also know they can deal with Trump, so they will. The Blitzkrieg is over. Trump survived. The establishment sacrificed many of their finest media plants this past weekend. Every one of them ended up looking like exactly what they are, cheap desperate prostitutes, willing to say whatever was required of them, as long as their paychecks kept coming .
It appears efforts to form a coalition has failed as local nes report both the AKP and CHP will make separate statements from their party HQs.
For a few days, Fox News didn't know how to handle Donald Trump's "blood" comments about one of the network's favorite anchors. Then someone woke up and realized that if you're Fox, being boycotted by the GOP frontrunner simply isn't tenable.
On Monday, we got some color on Hillary Clinton’s $350 billion plan to make college more affordable. Students and former students across the country owe more than $1.2 trillion in college loans, and as Bill Ackman so eloquently put it earlier this year, "there’s no way they’re going to pay it back." Now, one Boston-based hedge fund is building a short position on what it says is "runaway inflation in post-secondary education."
The presumed Democratic nominee is set to roll out her plan to confront the $1.2 trillion student loan bubble. As Bloomberg reports, the pitch is expected to be one of the "biggest-ticket policy proposals of her presidential campaign," totaling some $350 billion and will include $200 billion for states who will be encouraged to do more to facilitate loan-free college educations and a $150 billion refi effort for the country’s heavily indebted students.
Washington hawks want regime change in Russia, no more and no less. Their hatred of Putin, who has the guts to have his own opinion of world affairs, and who stands firm for his country’s right to look after its security interests, makes him the ultimate evil. As for the huge crowd of presidential candidates, it looks like so far the only one who promises to fix the U.S. — Russia relations thus avoiding a looming disaster is Donald Trump. In his recent interview on CNN he said that he would be able to work well with the Russian president. No matter how the media and Republican Party establishment are trying to humiliate Trump, maybe he should be given a chance.
"There's a saying, 'if there's peace, it will start from Cizre, and if there's war, it will start from here as well.' And we can say we have a civil war in Turkey."
In April, we brought you the "FAKE-O" score or, as we delicately described it, "banks' brilliant plan to lend to deadbeats." Essentially, the "new score" will determine how creditworthy someone is by asking the utility company if the lights are still on and asking the phone company if the phone is still connected. But because that wasn’t (nearly) absurd enough, Facebook has a better idea...
Elements of the financial media are either unbelievably lazy or completely complicit in helping to maintain the illusion of success for the Centralized powers (large governments and Central Banks).
Reuters has taken an in depth look at Illinois' sprawling bureaucracy and discovered that the state "is home to nearly 8,500 local government units" which helps to explain why "the average homeowner pays taxes to six layers of government, and in Wauconda and many other places a lot more." The story also sheds quite a bit of light on why the state's fiscal crisis may ultimately prove to be intractable.
Debt is a fickle witch. When left to its own devices, which it has been for nearly seven years with interest rates at the zero bound, it tends to get into trouble. Unchecked credit initially seeps, and eventually finds itself fracked, into the dark, dank nooks and crannies of the fixed income markets whose infrastructures and borrowers are ill-suited to handle the capacity. Consider the two flashiest badges of wealth in America - cars and homes...
The reality might just be that the collective "we," and quite possibly sooner than we think, really will need a bigger boat. That is, as it pertains to the global debt markets, which have swollen past the $200 trillion mark this year rendering the great white featured in Jaws which can be equated with past debt markets as defenseless and small as a small, striped Nemo by comparison. The question for the ages will be whether size really does matter when it comes to the debt markets...