Silver as an investment

Category Archives: Causes of the Great Recession

Robert Gore’s “Hard Core Doom Porn”

Authored by Robert Gore via Straight Line Logic blog, It will be a crash like we’ve never seen before. SLL has been accused of trafficking in “doom porn.” Guilty as charged. If you don’t like doom porn, don’t read this article, it’s hard core. If you prefer feel good and heartwarming, there are plenty of […]

America’s ‘Fake’ Stability & Boobs On Credit

Authored by Jim Quinn via The Burning Platform blog, Do you ever hear something so startlingly mind numbingly ridiculous you realize it must be a sign things have gotten so fucked up something has got to give? As I was driving to work yesterday morning on the Schuylkill Expressway a commercial comes on the radio […]

Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars ($329,961.34 Per Household)

Authored by Michael Snyder via The Economic Collapse blog, We are living in the greatest debt bubble in the history of the world.  In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has surpassed 41 trillion dollars.  That means that it has […]

US Credit Card Debt Sees Biggest Drop In Over Four Years

The credit-card fueled spending spree came to a screeching halt in January, when according to the latest just released consumer credit data from the Fed, revolving credit tumbled by $3.8 billion. This was the first decline since February of 2016, and the biggest drop since December 2012. On the other hand, the far more generous […]

Fitch On China: ‘Banks Face Capital Pressures and Structural Risks’

Fitch Ratings’ outlook for the Chinese banking sector in 2017 is negative, reflecting our view that weak profitability and strong credit growth will keep capitalisation under pressure. High and rising leverage in the corporate sector remains a key risk facing China’s banks.   China’s debt-resolution timeline is being pushed back by measures to lessen the […]