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S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth

"The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks. Since 2009, claims by depository institutions on the resident nongovernment sector have increased rapidly. The increases have often been above the rate of income growth."

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

Fleecing Taxpayers Won't Fix The Pension Crisis

"Public pensions are a financial time bomb... In the US, unfunded public pension liabilities have surpassed $5 trillion. And that’s during an epic stock and bond market bubble...Predictably, the government’s go-to 'solution' is already making matters worse."

Next Up For Venezuela: PDVSA's Inevitable Default

"By cutting access to an essential source of funding, the Trump administration is precipitating the default of PDVSA and, given the key economic role of the company, of Venezuela."