Posts Tagged ‘bad’

“It’s EZ credit that is the linchpin in today’s fake-money system.

The Deep State’s stocks, bonds, and real estate values… not to mention its careers, incomes, and reputations… depend on it.

And it is made possible by the China trade… by Chinese workers who put in long hours in miserable conditions in order to stock the shelves of Walmart with cheap goods… by Chinese manufacturers who undersell their competitors to keep consumer price inflation in the U.S. at low levels… and by Bank of China, which holds some $1.25 trillion worth of U.S. bonds… thus propping up the whole wobbly capital structure….

In politics and economics, BS is all there is. The calculations are almost always fake; the statistics are quackery; the theories are devilish nonsense. And bad ideas never entirely disappear, they just re-emerge after a few years… often dressed in new duds.”

-Bill Bonner

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“Bad times have a scientific value. These are occasions a good learner would not miss.” -Ralph Waldo Emerson

Good News, or Bad?

Posted: January 14, 2018 in Thought for the Day
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“The truth is, we know so little about life, we don’t really know what the good news is and what the bad news is.” -Kurt Vonnegut

“My self-esteem was such a difficult burden for me to carry around I had to constantly let others take care of it for me. That’s a bad mistake.  Sooner or later, they can’t carry your self-esteem for you and you fall apart.” -James Altucher

“As the Financial Times reported yesterday, more than 1 million U.S. consumers are ‘at least two months behind on car loan repayments,’ noting that the delinquency rate in the $1.1 trillion market hit its highest level since 2009. And that’s not just limited to subprime borrowers. That figure includes everyone with a U.S. car loan….

The financial Times also cites, ‘Delinquencies on credit cards also rose by about the same amount over the period to 1.79% – the highest since 2011. The rise in bad loans comes despite persistently low borrowing costs and unemployment levels – suggesting lenders may be letting consumers take on bigger debt burdens than they can handle.

Lending to consumers with weak credit scores has been one of the fastest-growing parts of the industry. Still, the increased delinquency levels follow a period of rapid expansion and could be a natural consequence of that growth. Separate figures published on Thursday by the New York Federal Reserve showed the total amount of debt held by American households rose last year at the fastest clip since 2007.'” -Porter Stansberry

Poor Projects

Posted: February 11, 2017 in Money Matters
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“Believe it or not, capital is limited.  If you use it for bad projects, you get poorer, not richer.” -Bill Bonner

“First, the world is changing.  It’s not a good thing or a bad thing.  But your life is going to change with it.  94% of the 15 million jobs created in the past eight years are either part-time or freelance.  The job landscape is changing.  Corporatism, which ruled the world for 100 years, is ending.  Technology and necessity have taken each industry, destroyed it, and then created 1,000 new and different ways to succeed in it.  Understanding what is new in the world is the LAST step in reinvention though.

Every day we are reinventing.  A river doesn’t stay still.  Every time you step into it, it’s a different river.  You and I are that river.  We either move forward or we freeze like ice.” -James Altucher