China Entered Financial Meltdown Because of The Virus #coronavirusoutbreak #Covid_19

China Entered Financial Meltdown Because of The Virus #coronavirusoutbreak #Covid_19




For the past two weeks, even as the market took delight in China's doctored and fabricated numbers showing the coronavirus spread was "slowing", we warned again and again that not only was this not the case (which recent data out of South Korea, Japan and now Italy has confirmed), but that for all its assertions to the contrary, China's workers simply refused to go back to work (even with FoxConn offering its workers extra bonuses just to return to the factory) and as a result the domestic economy had ground to a halt as we described in: China Has Ground To A Halt: "On The Ground" Indicators Confirm Worst-Case Scenario China Is Disintegrating: Steel Demand, Property Sales, Traffic All Approaching Zero Terrifying Charts Show China's Economy Remains Completely Paralyzed

Global Debt Bubble Getting Worse -- Economic Collapse - Stock Market Crash

Global Debt Bubble Getting Worse -- Economic Collapse - Stock Market Crash







Bank of America short while ago calculated that since the collapse of Lehman, government debt has intensified by $30Trillion, corporates debt by $25 Trillion, household by $9 Trillion, and financial debt by $2 Trillion. And with central banks awaited to support government debt, Bank of America warns that the biggest recession risk is disorderly rise in credit spreads and corporate deleveraging. From its side the IMF is warning that the world debt rises to 226% of GDP. Low rates fuel the risks. Expansive monetary policies have saved growth but push investors towards riskier and less liquid assets. Debt growth continues inexorably, especially in emerging countries. World debt reached 226.5% of GDP in 2018 and continues its inexorable growth, at a breath of 188 trillion dollars, according to preliminary estimates released on Wednesday 16 October by the IMF, during the press conference for the presentation of the Fiscal Monitor. The IMF then warns against the side effects of ultra-low rates: the difficult hunt for yields pushes investors, including insurance and pension funds, towards riskier and less liquid assets. Even for the non-financial sector, then, supervisory tools such as those introduced for banks are needed, the Fund warns in the Global Financial Stability Report, also released . Eight thousand billion dollars. Put like this they seem unreal numbers. From comics. But they are real numbers. According to the latest research by the Institute of International Finance (IIF), public and private debt globally in the first quarter of 2019 alone increased by this figure: by 8 thousand billion dollars. This is the largest quarterly increase since the first quarter of 2016, which brings global debt to the figure of 247 thousand billion dollars. A mountain equal to 318% of the GDP of the whole world. These numbers are the effect of a decade of ultra-expansionary monetary policies, which have increased global liquidity and brought interest rates to zero (or even below zero) in many parts of the world. This has favored everyone's use of debt: businesses, states and families.

Paul Craig Roberts : Is Russia Doomed? -- Economic Collapse 2020

Paul Craig Roberts : Is Russia Doomed? -- Economic Collapse 2020





The Kremlim’s spokesperson said that the Russian government trusts the opinion of General Gerasimov. To be clear, based on analyzed evidence the Russian military sees Washington and its vassals preparing for war with Russia. The Russian government states that it trusts the opinion of the Russian military leadership. Yet, a contemporaneous poll published by the Levada Center, an independent Russian pollster, reports that 80% of Russians see Washington and its NATO vassals as “friends.” “Only 3% of Russian respondents said they see the West as Russia’s enemy, Levada said. Another 16% said they view the West as a rival. “Two-thirds of Levada’s respondents (67%) said Russia should treat the West as a “partner,” while 11% said Russia should treat the West as a “friend,” according to the Kommersant business daily’s breakdown of the data.”