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Damn the Bubbles, More Printing Ahead; Property Bubbles and the Perils of Easy Money

MishTalk

Finance reports Yellen strongly defends easy Fed policies, cites U.S. trillion shadow-banking system, trust financing has been key to fueling the nation’s 10 percent annual growth rate in the past decade by providing easy credit to companies considered too risky by banks. Part of China’s $7.5 trillion yuan ($1.8 defaulted on its debt.

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Mish's Global Economic Trend Analysis: Spain Levies Consumption.

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. The tax is just enough to make sure that homeowners cannot gather and store solar energy cheaper than state-sponsored providers. The tax, labeled a "backup toll" is high enough to ensure that it will be cheaper to keep buying energy from current providers.

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Energy Price Deflation: Crude Dips 6% to 7-Year Low; Gasoline Below $1.50; Central Banks to Blame for What's About to Happen

MishTalk

The price of West Texas Intermediate (WTI) light sweet crude is down 6 percent today to lows last seen late 2008 and January 2009. By cheapening interest rates, financing of rigs became too easy. Now the energy sector is in a mess. And it's not just the energy sector that's a mess. A chart of Brent crude looks similar.

Banking 28
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Japan Exports and Trade Balance vs. the Yen; Abenomics in Review

MishTalk

The Yen was in this general area, at times, in 2004, 2005, 2008, 2009, and 2014. The CHART OF THE DAY shows the value of Japan’s exports is 23 percent below a March 2008 peak, even as those of South Korea, the U.S. percent, according to finance ministry data. One intent of Abenomics was to devalue the Yen to aid exports.

Finance 76
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Mish's Global Economic Trend Analysis: Only Hope For Italy is.

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. And in Italy in the last thirty years, the credit market has served to finance the public debt. There are so many resources that should be used to finance the growth of businesses, but only served to finance the growth of the state. December 2008 (85).

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Mexican Peso Another Casualty of Falling Oil Prices; Mexico Announces Intervention to Halt Decline; Bazooka Theory Revisited

MishTalk

The peso, which pared today’s losses after the announcement, is still down 10 percent over the past six months on concern that a drop in oil prices will damp investment in the country’s energy industry. Treasury Secretary Hank Paulson at a July 15, 2008 Senate Banking Committee hearing.

Banking 72
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Mortgage REITs Clobbered as Leverage Forces Sales

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. Annaly Capital Management Inc. That means they benefited from cheap financing as the Fed kept short-term interest rates near zero for more than four years. REMs two major holdings, Annaly Capital Management (NLY) (17.5% Minyanville Business and Market News.

Sales 73