China, as we have written for quite a while (along with many others) is in serious trouble. Underpinning the “Chinese Dream” is piles and piles and piles of (likely bad) debt.
Tag Archives: Debt
Japan “will be the first developed nation to experience financial meltdown.”
Kyle Bass is a smart guy and he’s been watching Japan closely and for a long time. The Hail Mary pass the Bank of Japan just tossed up has bounced in the end zone. Bass says it’s close to game over.
30% Of 20-24 Year Olds Are Unemployed And Not In School
Don’t forget young college graduates to put money away for retirement. What’s that you say? You won’t have any chance of saving anything until you are 50 years old because you owe $250,000 in law school bills? Wow, that really stinks. But at least you paid the salary of your law professor for a year. It takes a village after all. That should make you feel good. When you’re 47 and still in debt just remember that.
Is it time to Tune In, Turn On, and Opt Out of a “neo-feudal” economic system?
I actually know a few people who have gone quite far down this road and they seem to lead pretty good lives.
German Euro Founder Calls For ‘Catastrophic’ Currency To Be Broken up
The euro was originally created as a counter balance to the US dollar. The yen was in the end too small to effectively challenge the greenback and China had not yet come roaring onto the world stage. The goal was to remove the US currency’s sole “reserve currency” status.
Ron Paul says, “Sound money is the bedrock for prosperity and the best check on… crony capitalism.”
What can I say? The guy is right. He’s right almost all of the time, and on this point he is especially right.
The US debt “at $65 trillion outstrips the economic output of the entire planet.” (Video)
Always good to have a little perspective. But debt and deficits don’t matter we are told. So don’t worry.
41% of US Workers Who Graduated From College in the Last Two Years are Underemployed
Keynesian Economics: Still Failing After All These Years
And fail it does, over and over. But it’s a religion. To lose faith in Keynes is to admit everything many economists have stood for their entire careers is wrong.
ACORN Clones Secretly Advising Obama’s Credit Cops
This very good article in IBD is discouraging on so many levels.
The Community Reinvestment Act was an unmitigated failure. Its expressed goal of bring more minority citizens into an “ownership society” was laudable. Owning property for the most part is a good thing. People feel like they have a stake in their communities. But the program failed because many folks were not ready to own property.
