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Biggest Credit Bubble in History Flashes Warning: ‘Seek Cover’

testosteronepit.com / By Wolf Richter / April 10, 2014 at 11:20AM

Hidden in the IMF’s just released 188-page Global Financial and Stability Report is a doozie of a chart that screams not only “credit bubble” but also flashes a red warning sign: “seek cover, implosion in sight.” It depicts US issuance of covenant-lite loans and [...]

China Premier Li: “No Major Stimulus”

zerohedge.com / By Tyler Durden / 04/10/2014 14:25 -0400

Last night’s devastating trade data from China had the bad-news-is-good-news crowd chomping at the bit over the next massive stimulus that ‘surely China will unleash…because they’ve got so much in reserves’. However, as we have explained previously, Chinese premier Li Keqiang destroyed those expectations last [...]

98% Of All Consumer Credit In Past Year Was Student And Car Loans

zerohedge.com / By Tyler Durden / 04/07/2014 15:16 -0400

Same shit, different month. If last month total consumer credit increased by $13.8 billion, of which $14.0 billion went into student and car loans meaning consumers continued deleveraging on their credit card statements (some expectation for a recovery there), then February was even worse. The headline [...]

And the Next Big Thing Is … Degrowth?

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / SUNDAY, APRIL 06, 2014

This is not doom-and-gloom for society–it is only doom-and-gloom for the current unsustainable arrangement (Plan A). The Grand Narrative of the past few centuries goes something like this: from religious authority to secular authority, from agriculture to industrial, from rural to urban, from local [...]

The Power Play To Eliminate The Petrodollar

alt-market.com / Saturday, 22 March 2014 07:38 / Callum Newman

This article was written by Callum Newman and originally published at The Daily Reckoning

Anthropology isn’t the profession that springs to mind when wondering how to turn a buck in the financial markets. But the marauding armies of antiquity may tell you more about [...]

“Magic” Collateral: A Frank Look At The Sheer Credit Horror About To Be Unleashed In China

zerohedge.com / by Tyler Durden on 03/11/2014 12:54 -0400

While the world is terrified about what China – where corporate bond defaults are now permitted – may be about to unleash on the world, most are all too happy to remain in a state of delightful ignorance. We decided to take a peek behind [...]

China Loan Creation Tumbles, Lowest Credit Growth In 20 Months

zerohedge.com / by Tyler Durden / 03/10/2014 11:39 -0400

One month ago, when we last looked at the incredible amount of Chinese new loan issuance, a topic which even the mainstream media is slowly starting to circle in on as the primary source of hot money flow creation in the world, we found the highest [...]

Iron Ore Prices Collapse Into Bear Market On China Credit Concerns

zerohedge.com / by Tyler Durden / 03/10/2014 09:27 -0400

Iron Ore prices have dropped 25% since the end of last year, sending the key steel-making component into a bear market after slumping by over 9% overnight – its biggest daily drop on record. We warned last week this was likely to happen on the heels [...]

The Breakaway Economy Part 2

solari.com / Catherine Austin Fitts / March 8, 2014 at 8:03 pm

“We are in the midst of an historic pivot of investment and credit.” ~ Solari Report Annual Wrap Up

This week’s Solari Report is a follow up to your questions on our January Annual Wrap Up. It is a briefing on the parts [...]

The success of “credit easing” on its own terms

cobdencentre.org / Steve Baker / 7 March 14

Today, the Telegraph reports, UK house price growth ‘approaching madness’:

The speed UK property prices are rising at is “approaching madness”, analysts have warned, after data showed house prices jumped 2.4pc in February, the biggest monthly increase in five years.

The rise, revealed in [...]

The Ukraine Crisis & A Terrifying Global Economic Meltdown

kingworldnews.com / March 8, 2014

On the heels of of the US Dollar Index breaking the key psychological level of 80, today Egon von Greyerz warned King World News about the Ukraine crisis, black swans, and a terrifying global economic meltdown. Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, [...]

Copper Collapses Most Since Dec 2011 On China Credit Fears

zerohedge.com / by Tyler Durden / 03/07/2014 10:08 -0500

We noted last night that Iron Ore futures prices were in free-fall as the vicious circle of China’s commodity-collateral-backed shadow banking system unwind hits home amid fears of contagion from the Chaori Solar default. The first domestic Chinese corporate bond default has retail investors running scared [...]

The High Price of Delaying the Default

mises.org / by Thorsten Polleit / February 26, 2014

Credit is a wonderful tool that can help advance the division of labor, thereby increasing productivity and prosperity. The granting of credit enables savers to spread their income over time, as they prefer. By taking out loans, investors can implement productive spending plans that they would [...]

Will Data Breaches Force U.S. Consumers to Kick the Plastic Habit?

wealthcycles.com / The WealthCycles Staff / February 21, 2014

Wave after wave of credit- and debit card breaches, perhaps most famously the theft of the financial and personal information of some 110 million Target customers during the holiday season, have left consumers shocked and increasingly wary of using the plastic in their wallets. The consequences [...]

The shackles of consumer credit in a low rate environment – Banks would rather leverage low rates from the Fed than lend money to cash strapped American households. 15 percent average rate on credit cards and typical savings account rate near 0 percent.

mybudget360.com / mybudget360 / February 8, 2014

In a world where debt equals the ability to purchase large items, access to debt is king. For this reason banks are the new modern day oligarchy since they have a nearly unlimited line of credit with theFederal Reserve. The public during the credit bubble [...]

What Happens Next?

zerohedge.com / by Tyler Durden on 02/05/2014 14:33 -0500

What goes up (via free money and practically infinite leverage and rehypothecation) must come down (when the flow slows)… the dominoes are falling…

First Emerging Markets, then US High-yield credit, then US Stocks, and now European stocks…

READ MORE

[...]

This Won’t End Well

zerohedge.com / by Tyler Durden on 01/14/2014 15:30 -0500

Presented with little comment aside to ask (rhetorically of course) how much longer the crushed consumer can subsist on a diet of increasingly saturated credit and dwindled-savings before retail sales revert to reality…

SOURCE

Household and Non-Financial Credit in Spain Sinks, Government Debt Expands; No Recovery in Sight

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Wednesday, January 08, 2014 1:04 PM

Here’s an interesting chart regarding credit expansion and contraction in Spain from Guru’s Blog. I added translation on the chart in red.

Between 2009 and 2013 bank credit to government grew at rates between 14% and 36%. Meanwhile, credit to [...]

JPMorgan Imposes Spending Caps On 10% Of Its Debit Cards Due To Target Security Breach

zerohedge.com / by Tyler Durden on 12/22/2013 10:33

That yet another major retailer was hacked, as happened last week when Target announced that as many as 40 million credit and debit cards used from November 27 until December 15 at its stores (one wonders why it took the retailer three weeks to realize/announce what [...]

The Fed Must Inflate

mises.org / By Chris Martenson / Thursday, November 28, 2013

The Fed is busy doing everything in its considerable power to get credit (that is, debt) growing again so that we can get back to what it considers to be “normal.”

But the problem is that the recent past was not normal. You may have [...]

Small Business Optimism Sinks On “Precipitous Decline in Hiring Plans”; Is Lack of Credit an Issue?

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / November 12, 2013 5:58 PM

The National Federation of Independent Business (NFIB) reports Small Businesses Optimism Takes a Tumble largely due to a precipitous decline in hiring plans.

Fall arrived literally this month, as small business optimism dropped from 93.9 to 91.6, largely due [...]

Credit Boom in China Could Trigger Bigger Crisis Than 2008; Three Things China Wants, Eight Things China Needs

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Friday, November 08, 2013 8:17 PM

In case you think all is well with China and the Yuan will soon replace the dollar as the world’s reserve currency, you may wish to reconsider.

Credit growth in China is expanding at a massive rate on nonviable projects, and that [...]

Student And Car Loans Represent 99% Of All Loans Taken Out In Past Year

zerohedge.com / By Tyler Durden on 11/07/2013 15:18

The September consumer credit print is out and once again, it shows just what the key drivers in the US economy are. Or rather is: it is the US government handing out unrepayable student and car loans, even as the general consumer is widely deleveraging. Looking at [...]

Inflation Is Everywhere

blog.milesfranklin.com / By David Schectman / November 7th, 2013

Edelweiss Journal presented an interesting article below that discussed the change in our language that parallels changes in the way we invest. Words like “inflation,” “growth,” “risk,” “wealth management” and “illiquid” exploded onto the scene.

Perhaps the most concerning distortion though is the obsession with “growth.” [...]

QE From Here to Eternity?

dailyreckoning.com.au / By Bill Bonner / November 4th, 2013

Halloween was last week. We saw hobgoblins and scarecrows… 6ft tall rodents… and at least one crow that weighed 200 lbs.

A few days ago, investors were sure it was QE (quantitative easing) from Here to Eternity. Now, they’re not so sure. The US Federal [...]