silver-coin-investor.com / Dr. Jeffrey Lewis / Oct 19, 2014
There is an unspoken difference between debt that is designed to be paid back and debt (disguised as perpetual flow) to finance pre-existing streams of debt service.
The second type of debt is a Ponzi large enough to make Bernie Madoff blush. And crash the system. [...]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, SEPTEMBER 03, 2014
Encouraging and supporting asset bubbles is essentially the only force remaining to keep the system intact as we know it.
The Singularity is based on the idea that machine intelligence will soon exceed human intelligence, and human history is unknowable beyond that [...]
theeconomiccollapseblog.com / By Michael Snyder / June 30th, 2014
A lot of people that I talk to these days want to know “when things are going to start happening”. Well, there are certainly some perilous times on the horizon, but all you have to do is open up your eyes and look [...]
mises.ca / by David Howden / June 30th, 2014
After years of QE and other loose monetary policies, central banks are starting to get jittersabout the effects of their policies.
An organization representing the world’s main central banks warned Sunday that dangerous new asset bubbles [...]
testosteronepit.com / By Wolf Richter / JUNE 30, 2014 AT 12:05AM
Swiss megabank UBS, one of the great beneficiaries of the Fed’s policies, ponders in its latest FX Comments how to deal with asset bubbles, “most importantly in housing markets,” a topic that is a “hotly debated issue among central banks.”
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, APRIL 07, 2014
We’re being Fed to the sharks, every day, one morsel at a time. What a way to go…. What can we say about the Federal Reserve’s policies that hasn’t been said a million times? How about simplifying the two primary purposes of Fed policies? I [...]
zerohedge.com / by Tyler Durden / 04/02/2014 11:32 -0400
As the world’s investors wait anxiously for the next piece of bad news from Japan, China, Europe, or US as a signal to buy, buy, buy on the back of a renewed “stimulus” of freshly printed money that has comforted them for 5 years, it seems [...]
peakprosperity.com / Adam Taggart / Saturday, February 15, 2014, 12:25 PM
Renown behavioral economist Dan Ariely explain why humans are biologically wired to make irrational decisions when money is involved. It’s a case of our evolutionary wiring interfering with the decisions we face in a modern world very different from the one our ancestors [...]
Hector Pineda, who spends 60 percent of his income on rent, outside of his apartment, on Jan. 11, 2014, in Alexandria, Virginia.
testosteronepit.com / By Wolf Richter / JANUARY 14, 2014 AT 1:12AM
Prices for housing have jumped and rents have jumped too, yet renters – there are 38.7 million of them, 34% of [...]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / SUNDAY, JANUARY 12, 2014
“Prosperity” based on serial asset bubbles and near-zero interest rates is neither real nor sustainable. Longtime readers know I have been covering residential housing since mid-2005.In those 8+ years, housing has proceeded through a cycle of bubble-bust-echo-bubble: now the echo bubble is crumbling, for all [...]
charleshughsmith.blogspot.com / By Charles Hugh Smith / DECEMBER 10, 2013
If you understand the difference between the first pair of shoes and the 25th, you understand why America’s debt-dependent consumer economy is doomed. Yesterday I explained Why We’re Stuck with a Bubble Economy:
Now that interest rates are near-zero and mortgage rates [...]