10 Charts Showing a Prolonged Global Recession: Credit Markets, Housing, and Equity Markets point to Lengthy Economic Contraction.
The IMF came out with a global report on the economy in October of 2008. Since that time, the global economy has deteriorated even further and the IMF has issued another report. I went ahead and looked at both documents and from what is presented, there is very little reason to believe we will see […]
Credit Cards and Auto Loans: $2.5 Trillion Outstanding Consumer Debt. If you can’t find a Qualified Borrower or Buyer still lend the Money.
One of the many problems that led up to the economic crisis was easy access to debt. This included easy access to home loans, auto loans, and credit cards. You would have a hard time finding a reputable source that would argue otherwise. Yet in the latest release of consumer credit data from the Federal […]
Why There will be no other Bubble to Save us from this 40 Year Financial Bubble: From Manufacturing, Technology, and Financial Services. Real Estate Bubble. Drop in Corporate Tax Receipts.
This recession is already the longest since the Great Depression. Now merely saying that this recession is the longest does not expose the magnitude and depth of the economic damage inflicted on the market. $11.2 trillion has been wiped off the balance sheet of American households.  In this article I want to examine a few […]
Bank of America: $931 billion in Loans and Leases. Net Income Fell by $11 billion in 2008. Gear up for Financial Earnings Season.
The market is now fully engaged in earnings season. Market sentiment stocks like Alcoa reported a loss bigger than analyst had expected but all eyes are focused on the financial industry. That is why when Wells Fargo announced an early $3 billion profit, the markets went into full rally mode. Yet once you dig into […]