Guggenheim Says Market a ‘Ponzi Scheme’ That Must Collapse

Guggenheim Says Market a ‘Ponzi Scheme’ That Must Collapse

“We will reach a tipping point when investors will awake to the rising tide of defaults and downgrades,” he wrote in a letter from the World Economic Forum meeting. “The timing is hard to predict, but this reminds me a lot of the lead-up to the 2001 and 2002 recession.”
January 27, 2020 0 Comments
A $46 Billion Bad-Loan Mirage Hints at U.S. Bank Rule’s Flaw

A $46 Billion Bad-Loan Mirage Hints at U.S. Bank Rule’s Flaw

U.S. banks are starting to book provisions for potential loan losses under a new system regulator devised eight years ago to avoid the kind of catastrophic surprise that caught the industry and regulators off guard during the financial crisis. The idea is to force banks to boost reserves based on models that factor in the economy, rather than wait for loan payments to stop.
January 23, 2020 0 Comments
The Next Recession Won’t Be Triggered by a Housing Market Crash: Economist

The Next Recession Won’t Be Triggered by a Housing Market Crash: Economist

Famed economist and global financial market consultant David Rosenberg expects household debt to spark the next recession.
January 14, 2020 0 Comments
THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold & Silver

THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold & Silver

As Global Debt reached a new record high of $250 trillion this year, gold and silver came briefly back on the radar for investors.  After five long years, the precious metals finally broke through key technical levels this summer.  However, after the Fed started the Repo Operations in September and the $60 billion a month of “Not-QE” in October, the...
December 20, 2019 0 Comments

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