ratings

Bank Of England Warns Of "Spiral Of Complacency" Over Soaring Consumer Debt

"Ten years ago, an unsafe financial system caused financial crisis and economic disaster.  Complacency gave way to crisis. The result was economic disaster. Lenders have not entered, but they may be dicing with the spiral of complacency.  The spiral continues, and borrowers rack up more and more debt. Lending standards can go from responsible to reckless very quickly."

Breaking Down The Bull Market Thesis

"Considering that forward estimates are generally overstated by 33% on average, the risk is high of disappointment... The risk for investors is “willful blindness” that builds when complacency reaches extremes. It is worth remembering that the bullish mantra we hear today is much the same as it was in both 1999 and 2007."