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Too Big To Fail

Image | Off The Cuff: 6-20-2018
Off The Cuff: 6-20-2018
 PREVIEW
by Adam Taggart

In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss:

  • B1
  • B2
  • B3
  • B4

Summary:

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

 

Off The Cuff: 6-20-2018
 PREVIEW by Adam Taggart

In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss:

  • B1
  • B2
  • B3
  • B4

Summary:

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

 

Image | Lacy Hunt: The World Economy’s Terminal Case of Debt Sclerosis
Lacy Hunt: The World Economy’s Terminal Case of Debt Sclerosis
by Adam Taggart

Never before has the developed world carried this much debt. Never before have the central banks of those same countries expanded their balance sheets so much. Never before has so much sovereign debt been outright monetized. Never before have major financial institutions been officially designated as “too big to fail” and thereby been granted special license to assume gigantic risks.

Dr. Lacy Hunt, economist and current executive vice president of Hoisington Investment Management Company, expects the macroeconomic situation to get worse from here:
Lacy Hunt: The World Economy’s Terminal Case of Debt Sclerosis
 by Adam Taggart

Never before has the developed world carried this much debt. Never before have the central banks of those same countries expanded their balance sheets so much. Never before has so much sovereign debt been outright monetized. Never before have major financial institutions been officially designated as “too big to fail” and thereby been granted special license to assume gigantic risks.

Dr. Lacy Hunt, economist and current executive vice president of Hoisington Investment Management Company, expects the macroeconomic situation to get worse from here:
Image | Why 2014 Is Beginning to Look A Lot Like 2008
Why 2014 Is Beginning to Look A Lot Like 2008
by charleshughsmith

Does anything about 2014 remind you of 2008? 

The long lists of visible stress in the global financial system and the almost laughably hollow assurances that there are no bubbles, everything is under control, etc. etc. etc.  certainly remind me of the late-2007-early 2008 period when the subprime mortgage meltdown was already visible and officialdom from Federal Reserve chairman Alan Greenspan on down were mounting the bully pulpit at every opportunity to declare that there was no bubble in housing and the system was easily able to handle little things like default
Why 2014 Is Beginning to Look A Lot Like 2008
 by charleshughsmith

Does anything about 2014 remind you of 2008? 

The long lists of visible stress in the global financial system and the almost laughably hollow assurances that there are no bubbles, everything is under control, etc. etc. etc.  certainly remind me of the late-2007-early 2008 period when the subprime mortgage meltdown was already visible and officialdom from Federal Reserve chairman Alan Greenspan on down were mounting the bully pulpit at every opportunity to declare that there was no bubble in housing and the system was easily able to handle little things like default
Image | We’ve Dug a Pretty Damn Big Hole for Ourselves
We’ve Dug a Pretty Damn Big Hole for Ourselves
by JHK

The diminishing returns of technology are insidious, and they are ever with us. By this I mean the slow erosion of the quality of life, despite the impression that technological wonders only make our lives better.
We’ve Dug a Pretty Damn Big Hole for Ourselves
 by JHK

The diminishing returns of technology are insidious, and they are ever with us. By this I mean the slow erosion of the quality of life, despite the impression that technological wonders only make our lives better.
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