Silver as an investment

Category Archives: Credit losses

U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse

One sector of the economy that is acting as if we were already in the middle of a horrible recession is the auto industry.  We just got sales figures for the month of April, and every single major U.S. auto manufacturer missed their sales projections.  And compared to one year ago, sales were way down […]

Italian Banks Need Extra $57 Billion for Loan Loss Reserves, 18% of Loans Non-Performing

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / Mike “Mish” Shedlock / Wednesday, January 22, 2014 7:45 PM It will be interesting to see how well Italian banks handle stress tests later this year given new S&P capital shortfall estimates. Of course, the stress tests were watered down […]

The T Report: Two Types of Credit Losses / by Peter Tchir / April 5, 2012 There are signs that the credit situation in Europe is deteriorating. Bond yields and spreads are worse across the board once again. Of some concern is that Italy is underperforming Spain a bit today, in CDS, the 5yr, and 10yr points. The “firewalls” can’t really handle […]