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Posts Tagged ‘debt’

More Debt More Better

May 1st, 2014 by Kurt L. Smith

I was wrong. The great Credit Expansion Finished didn’t end with the financial crisis; the great Credit Expansion merely took a reprieve. While the effects of the reprieve were mighty indeed, with stock and bond prices plunging, I was wrong to believe Credit Expansion Finished. Total credit (debt) has now soared to new highs largely taking stock and bond prices right back up with it.
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Debt Matters

November 1st, 2012 by Kurt L. Smith

The narrative of the financial crisis is only beginning to be written.  Slowly but surely every one of us will be able to sum up the crisis in two words: Debt Matters.  As the Federal Reserve continues its policy of buying treasury and mortgage bonds we can debate whether this will end the crisis or just end badly.  We should however already be able to agree: Debt Matters. (more…)

NEWS FEED

The $247 trillion global debt bomb washingtonpost.com/opinions/the-2…