add student debts, auto loans and the resurgence of the return of subprime! great time to be alive
Total business debt in America has risen to $15.2 trillion. Almost $1.1 trillion in outstanding leveraged loans - made to companies already deeply indebted.
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Not going to stop
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The EPA, labor law, and other factors made doing business in S.E. Asia preferable to the west. Our leaders prefer China's form of gov (control). This is America's fire sale. No one wants to be on the hook for the US's unfunded liabilities/debt. The west has been sold out.
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The next Roaring 20’s are 6 months away. Boom then bust & USA break-up in the 2030’s.
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Why would banks loan to businesses already deeply in debt? This sounds very risky.
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2008 was the direct result of poor loans but banks should remeber 08. Also thw bad loans were caused by the fed government's plan for "affordable housing". And someone besides the government was going to make it happen.
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And if banks can't remeber what they went through after 08...
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Wow!!! That's almost as big as that giant head of yours. :^)
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They a reason why the Bible doesn't mention America in the later days ! They a reason why we don't come to the rescue of Israel during Ezekiel 38 ! We are approaching economic collapse.
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Stefan, this is what laissez faire theories always do when put in practice: enormous inequality, abject poverty & corruption punctuated by periodic total collapse. Capitalism does not work without a govt hand periodically slapping the invisible hand of the market.
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Pull out of the market then?
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And who ultimately benefits from this?
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