Category Archives: Debt

A World Awash In Sovereign Debt

    Source:  World Economic Forum (WEF) If you add up all the money that national governments have borrowed, it tallies to a hefty $63 trillion.  – WEF   Advertisements

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Alan Greenspan on Debt, Deficit, Tax Cuts – Bloomberg

Excellent interview.   Upshot?  Inflation cometh. Apr.18 — Former Chairman of the Federal Reserve Alan Greenspan joined Bloomberg Television for a wide-ranging discussion about U.S. debt, the current rate hike path, Europe’s new direction and his reading assignment for the Republicans. … Continue reading

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Europe’s Bad Debts Still Haunt The Euro Banks

Looks like the new “Iron Curtain” in Europe is the non-performing loans (NPLs)  in each country’s banking system.    Greece and Italy stand out. For European banks, it’s a headache that just won’t go away: the 944 billion euros ($1.17 … Continue reading

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COTD 2.0: Gross Public Debt – AEs vs EMs

(COTD = Chart of the Day)

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The Sermon On The Mount[ain Of Debt]

“Blessed are the young, for they shall inherit the national debt.” – President Herbert Hoover The Hoover administration thought there was no room and was ideologically opposed to fiscal expansion to stimulate aggregate demand.  Furthermore, Keynesian theory was not even … Continue reading

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COTD: China Levers Up As ROW Does Opposite

We knew that credit expansion is the mother’s milk of economic growth,  but even this chart surprised us.   The global nominal private non-financial debt level x/ China has been flat since 2008.   As in flat in nominal terms not as … Continue reading

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COTD: Guess Who Is Growing And Who Is Not?

We will give you a hint: …credit is the mother’s milk of growth; without credit the economy cannot flourish. And credit cannot flow freely without a well-functioning financial system. – Mark Zandi But as Japan and the others illustrate, there’s … Continue reading

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