|
|||||
|
The New York Fed just published its latest Quarterly Report On Household Debt And Credit. “In Q1 2013 total household indebtedness fell to $11.23 trillion; 1.0% lower than the previous quarter and considerably below the peak of $12.68 trillion in Q3 2008,” said the New York Fed in a statement. This suggests the deleveraging process that has been slamming the economy may not be over. On the plus side, more Americans are staying current [...] mybudget360.com / by mybudget360 / April 19, 2013 US households are tapped out with debt. Debt matters. Contrary to what is being spouted out over the airwaves having too much debt does cause problems. American households tipped over this point when total household debt reached annual GDP. This is a critical juncture and results in massive deleveraging. There doesn’t seem to be answer or really a major priority in trying to figure out [...] allgov.com Even as the economy struggles to recover from the bursting of the sub-prime mortgage debt bubble in 2008 a new debt crisis over student loans looms on the horizon, and this time the federal government is actually profiting off of debtors. If a coming interest rate increase is not averted by Congress, millions of student borrowers could be thrown into default, with devastating consequences not only for themselves [...] by Phoenix Capital Research
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around.
Here’s a recap of some of the larger Fed [...] by Phoenix Capital Research
With QE 3 and QE 4 firmly in place and the Fed’s balance sheet over $3 trillion, Idecided to go back and count the recap the Fed/Feds’ interventions since the Great Crisis began in 2007.
Here’s a recap of some of the larger moves made during the Crisis:
Cutting interest rates from 5.25-0.25% (Sept ’07-today). by Phoenix Capital Research
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around. Here’s a recap of some of the larger Fed [...] by David McWilliams, David McWilliams: By far the most important statistic to come out in Ireland in the past few days is yet more evidence of the relentless rise in the number of people falling into mortgage arrears. Since 2006, this column has been arguing that the inverse of a house price bubble is a debt bubble and, as night follows day, when the house price bubble bursts, so too will the [...] In 2006, when I began writing my book on the coming economic collapse, I didn’t know what the Fed would do regarding liquidity. At the time, whether the Fed would raise or lower interest rates was a soon-to-be multi-trillion dollar question.
In the past, central banks walked a tightrope between higher and lower interest rates. Raise rates too high and economies would slow and/or contract. Keep rates are too low and [...] by GoldCore Gold Bullion Today’s AM fix was USD 1,693.00, EUR 1,295.14, and GBP 1,050.77 per ounce. Silver is trading at $32.73/oz, €25.15/oz and £20.40/oz. Platinum is trading at $1,586.00/oz, palladium at $680.00/oz and rhodium at $1,045/oz. Gold fell $3.10 or 0.18% in New York yesterday and closed at $1,693.60/oz. Silver climbed to $33.24 then slid to $32.51, but finished after [...]  Treasury Scarcity To Grow As Fed Buys 90% Of New U.S. Bonds from sfgate: Even as U.S. government debt swells to more than $16 trillion, Treasuries and other dollar fixed- income securities will be in short supply next year as the Federal Reserve soaks up almost all the net new bonds. The government will reduce net sales by $250 billion from the $1.2 trillion of bills, notes and bonds issued in fiscal 2012 ended Sept. [...] by WashingtonsBlog But Obama and His Economic Team Chose the Big Banks Instead We’ve extensively documented that too much private household debt is killing our economy. While Ben Bernanke and other economists who are running our economic policy literally believe that the amount of private debt doesn’t matter and isn’t even important to quantify, economists at the “central banks’ central bank” – the Bank of International Settlements – and many other leading economists say that high levels of private debt create [...] by Phoenix Capital Research
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around. Here’s a recap of some of the larger Fed [...] From Newsmax: Federal Reserve Chairman Ben Bernanke should resign at the end of this year, which would be the perfect Christmas gift for the U.S. economy, said publisher Steve Forbes, a long-time critic of Bernanke’s loose monetary policies. Under Bernanke, the Fed has slashed interest rates to near zero and has rolled out three stimulus programs under which the U.S. central bank buys assets such as Treasury holdings or mortgage debt from [...] Chairman Ben S. Bernanke is increasingly aiming for gains in stock prices as the Federal Reserve reaches for new tools to spur the three-year recovery and reduce unemployment stuck above 8 percent. Bernanke, setting the stage for a third round of quantitative easing in an Aug. 31 speech in Jackson Hole, Wyoming, said the strategy works in part by boosting the prices of assets such as equities. In a speech yesterday in [...] The latest round of extraordinary Federal Reserve stimulus is risky and leaves little room to maneuver should another crisis hit, economist Lawrence Lindsey told CNBC’s“Squawk Box” on Wednesday. Lindsey said that with the Fed purchasing at least $40 billion a month in mortgage debt through QE3, “they are buying the entire deficit.” (Read more: Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates.) “I have no problem doing extraordinary things in extraordinary [...] Justin Menza The latest round of extraordinary Federal Reserve stimulus is risky and leaves little room to maneuver should another crisis hit, economist Lawrence Lindsey told CNBC’s “Squawk Box” on Wednesday. Lindsey said that with the Fed purchasing at least $40 billion a month in mortgage debt through QE3, “they are buying the entire deficit.” Lindsay said he agreed with the Fed’s first two rounds of quantitative easing. Now, with the [...] by Phoenix Capital Research
Since the Great Crisis began in 2007 the Fed/ Feds have done the following:
Cutting interest rates from 5.25-0.25% (Sept ’07-today). Now that the Fed has engaged in QE 3 (which is essentially QE infinite since it’s meant to run until things get where the Fed wants them), I decided to go back and count the recap the Fed/Feds’ interventions since the Great Crisis began in 2007. Here’s a recap of some of the larger moves made during the Crisis: Cutting interest rates from 5.25-0.25% (Sept ’07-today). Credit cards have been used as a lifeline and a way to live beyond one’s means in the United States for many years. Yet the current environment of deleveraging is hitting credit cards hard. The outstanding balance on credit card debt has reached a level last seen over a decade ago. This is positive since many were simply using credit cards as a method of spending money they did not have. [...] The price of oil soared to a five-month high today as traders welcomed a dramatic new plan in the U.S. to save the economy. The Federal Reserve, America’s central bank, will pump a mammoth £25billion a month into markets by buying mortgage debt, and won’t stop until the policy shows signs of working. The Fed also said it would hold interest rates close to zero ‘at least through mid-2015’ having previously said [...] From Bloomberg: The Federal Reserve said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a third round of quantitative easing as it seeks to boost growth and reduce unemployment. “If the outlook for the labor market does not improve substantially, the committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases and employ its other policy tools [...] In 1997, Norway instituted Debt Forgiveness and “Wrote Down” 90% of the Countries Mortgage Debt. Here is a link to radio Interview of a Lawyer from Norway instrumental in bringing Mortgage Debt Forgiveness to Norway. From Bloomberg: Federal Reserve Chairman Ben S. Bernanke said record U.S. student loan debt doesn’t put the financial system at risk the way mortgages did because most educational borrowing is backed by the government. “I don’t think it’s a financial stability issue to the same extent that, say, mortgage debt was in the last crisis because most of it is held not by financial institutions but by the federal government,” Bernanke said today at [...] by Michael What is the biggest economic problem that the United States is facing? Very simply, our biggest problem is that we have way too much debt. Over the past 30 years, household debt, corporate debt and government debt have all grown much faster than our GDP has. But no nation on earth has ever been able to expand debt much faster than national output indefinitely. All debt bubbles eventually burst. [...] by Chris Martenson Steve Keen: Why 2012 Is Shaping Up To Be A Particularly Ugly Year At the high level, our global economic plight is quite simple to understand says noted Australian deflationist Steve Keen. Banks began lending money at a faster rate than the global economy grew, and we’re now at the turning point where we simply have run out of new borrowers for the ever-growing debt the system has become addicted to. Once [...] 1. Do not bother sending one single resume if you do not have a personal reccomendation from someone who works where you are applying. Your degree/experience is of very minor importance compared to WHO YOU KNOW at the company you are trying to get a job at. I can tell you from watching the hundreds of new hires where I work, that every single one of them have a friend [...] KWN
Today Egon von Greyerz told King World News, “The tens of trillions of dollars that needs to be printed is without derivatives. With derivatives we are talking about hundred of trillions of dollars that may need to be printed.” Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Von Greyerz also said, “We will have exchange controls in virtually every country. I can see this coming [...] via Bloomberg: JPMorgan Chase & Co. (JPM)’s holdings of home-loan bonds from outside the U.S. soared 35-fold in the past three years. Now, with its chief investment office facing scrutiny after a $2 billion trading loss, investors are raising concern the European market’s biggest buyer will pull back. The largest U.S. bank by assets accelerated its purchases last quarter, adding $8.5 billion to lift its total to $74.5 billion, according to regulatory [...] Hundreds of millions of dollars meant to provide a little relief to the nation’s struggling homeowners is being diverted to plug state budget gaps. In a budget proposed this week, California joined more than a dozen states that want to help close gaping shortfalls using money paid by the nation’s biggest banks and earmarked for foreclosure prevention, investigations of financial fraud and blunting the ill effects of the housing crisis. California was awarded [...] acting-man.com Spain, Greece and The Union of Hopers The evolving situation and growing uncertainty over Greece’s future and the recent fourth attempt to right the floundering ship of Spain’s banking industry predictably has markets on edge. As to Spain’s banking plan, it is already ridiculed for the way too low cost estimates mentioned by finance minister Louis de Guindos, who opined that Less Than €15 Billion In Public Funds Will Be Required and that ‘no [...] |
Custom Search
    |
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
|||||
