Big Bubble Bursting
The head of China’s sovereign wealth fund noted in 2009: “both China and America are addressing bubbles by creating more bubbles”.
He’s right …
Global credit excess is worse than before the 2008 crash.
The U.S. and Japan have been easing like crazy, but – as Zero Hedge notes – China has been much worse:
Here is just the change in the past five years:
You read that right: in the past five years the total assets on [...]
March 7th, 2014
Earlier this week we noted that an invasion of the Ukraine by Vladimir Putin would likely lead to a complete destruction of U.S. stock markets. It’s not so much the invasion force itself, but rather, the economic maneuvers that would come with it should Russia take this course of action.
Well known economist and founder of the Shadow Stats web site John Williams seems to agree. If Russia were to begin [...]
NY Fed Boosts Reverse Repo Max Big To 7 Billion
The Federal Reserve Bank of New York is boosting the maximum bidding size available to participants in a program now being tested to see if it can provide better control over short-term interest rates.
The bank said Tuesday the maximum bidding size available to participants in the overnight fixed-rate reserve repurchase agreement program, or “reverse repo” facility, will rise to $7 billion, [...]
OXON HILL, Md. – New Jersey Gov. Chris Christie gave a rousing speech at the Conservative Political Action Conference today taking on President Obama while stressing his own conservative credentials.
Christie’s signature tough talking style was on full display when he took on Obama asking, “Mr. President, what the hell are we paying you for?”
“Leadership,” Christie said, “is not about standing on the sidelines and spit-balling.”