Jun 28 2012

The contagion of the European Union and banking debt – 20 European Banks have liabilities above 50 percent of their home country GDP. Why an EU FDIC is highly unlikely in the short-term.

The crisis in Europe is boiling over yet again.  The central connecting factor of all of this is too much debt relative to production.  Debt in itself is not a bad thing.  If you borrow modestly for a home and have sufficient income to cover your mortgage payment then this might actually be beneficial.  When […]

Jun 8 2012

The banking shell game sponsored by your bailout dollars – how banks lure working and middle class Americans into losing hard earned money. $29.5 billion in overdraft fees charged last year.

Banks really have a wonderful structure in place at least when it comes to US banking.  The Federal Reserve and US Treasury have given an open ended response in terms of bailing out the banking system should any additional financial crisis should arise.  Even at the moment no real changes have occurred and this is […]

Jun 6 2012

The dark financial clouds engulfing Europe. CBO projects massive deficits yet Treasury Bills move lower on global mattress bet.

The Congressional Budget Office released national debt projections showing the US Federal debt will surge to over 200 percent of GDP in the next two decades.  Or maybe it will go under 100 percent.  It is an interesting wide range projection.  You only have a few options to remedy the situation and for the moment […]

Jun 3 2012

The day the credit markets awake from a slumber – $1 trillion in consumer debt currently delinquent. Student debt continues to grow adding fuel to the higher education bubble.

With much of the attention being diverted to the cascading financial crisis in Europe something was missed in the United States.  The incredibly important quarterly consumer credit report released by the Federal Reserve highlighted some disturbing trends.  The first overall point is that the American consumer continues to deleverage.  Yet with a system built on […]

May 31 2012

The end game of global leveraged debt – double-digit percentage point market declines in Europe and Japan and the danger of refinancing debt with longer term debt.

There is a painful realization that shifting debt around like a game of musical chairs has little merit unless real production is achieved as an end result.  May was a disappointing month for markets in general.  While the S&P 500 certainly fell, markets in Japan and Europe took double-digit declines.  The massive amount of leverage […]

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