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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. China’s private sector debt has increased from 115% of GDP in 2007 to 193% at the end of 2013. reached in 2007.

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 2007 (69). November 2007 (91). October 2007 (56). September 2007 (49).

Meeting 60
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Seven Years Later, Global Debt Keeps Piling Up, $57 Trillion More Than 2007

MishTalk

In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Since 2007, government debt has grown by $25 trillion. Since 2007, government debt has grown by $25 trillion. China China’s debt has quadrupled since 2007.

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Recovery Mirage in Spain Dissipates Into Ashes

MishTalk

Spain is again dependent on foreign financing. Via translation from Libre Mercado, Spain Again Borrows Abroad to Finance Consumption. Between 2002 and 2007, Spain was amassing a growing external deficit, as more and sell less abroad (exports) and bought more (imports), bringing its foreign debt grew. If so, think again.

Finance 74
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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 2007 (69). November 2007 (91). October 2007 (56). September 2007 (49). August 2007 (61).

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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 2007 (69). November 2007 (91). October 2007 (56). September 2007 (49).

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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.