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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

Inquiring minds are tuning into a report on the Ponzi finance setup in China. Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate. s 26% in 2000-2005. Most assume China can grow at 7% a year, a notion that I have challenged on many occasions.

Finance 75
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Non-Manufacturing Services ISM Fails to Meet Expectations

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. Non-Manufacturing Services ISM Fails to Meet Expectations; New Orders Plunge. Non-Manufacturing Services ISM Fails to Meet Expectations; New Orders Plunge. December 2005 (38). November 2005 (18). October 2005 (19). September 2005 (17).

Meeting 60
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Scranton Needs 117% Property Tax Hike to Balance Budget

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. Scranton taxpayers could face a 117 percent increase in taxes next year as the citys finances continue to spiral out of control. December 2005 (38). November 2005 (18). October 2005 (19). September 2005 (17). August 2005 (23).

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Mish's Global Economic Trend Analysis: Avalanche of City Debt.

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. According to Moodys Chicago has $19 billion in unfunded pension liability and faces a "tremendous strain" in meeting their budget and paying law enforcement. December 2005 (38). November 2005 (18). October 2005 (19). September 2005 (17).

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Mish's Global Economic Trend Analysis: Italy Faces Huge Losses on.

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. The senior government official who spoke to the Financial Times and the experts consulted said the restructured contracts in the 2012 Treasury report included derivatives taken out when Italy was trying to meet tough financial criteria for the 1999 entry into the euro.

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EU officials Give Greece Three Days to Deliver Reforms or Face

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. If they fail, the International Monetary Fund might have to withdraw from the 240 billion euro ($313 billion) bailout to avoid violating its own rules, which require a borrower to be financed a year ahead. December 2005 (38). November 2005 (18).

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10-Year Treasury Yield Up 100 Basis Points Since May

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. Most of this pain has occurred since the FOMC meeting last Wednesday, and I am sure the talking heads at CNBC have no idea how much interest rates have spiked. December 2005 (38). November 2005 (18). October 2005 (19). September 2005 (17).