Posts Tagged ‘financial’

Future Time?

Posted: August 20, 2019 in Thought for the Day
Tags: , , , , , ,

“How you invest your time determines how your financial future will unfold.” -Robert Kiyosaki

Advertisements

“If you want a real financial catastrophe – France 1790-1797, Weimar Germany, Argentina, Brazil, Zimbabwe – you need fake money.

Teenage boys should never be given a fifth of whisky and the keys to the family car. Adults should never be authorized to counterfeit money.” -Bill Bonner

“The married couple of 20 years is just a step away from financial disaster….

Millions of over-leveraged consumers – who can’t distinguish between a ‘want’ and a ‘need’, refuse to live within their means, require a certain standard of living, and use most of their available credit without knowing when or how they’ll pay it off – are a big credit risk. They live on the edge of default….

Inevitably, irresponsible lending always leads to a bust….  Credit-card debt is growing so fast, it’s even outpacing strong wage growth….

Trouble is brewing… It’s only a matter of time before this recklessness blows up.” -Bill McGilton

“In the final quarter of 2018, U.S. credit-card debt reached $870 billion – outpacing the recession – according to Bloomberg. The U.S. has added 100 million credit cards to its circulation since the financial crisis…there are nearly twice as many credit cards in use as there are adults to use them.” -The Crux

“Even worse than financial ignorance is financial negligence.” -Justin Ford

Leveraged Loans defined:

“…arranged by a syndicate of banks, to companies that are heavily indebted or have weak credit ratings.” -IMF

“…are effectively provided to companies already swimming in debt.” -Nomi Prins

“That was all good and well when interest rates were super low, making it easier for companies to borrow oodles of money,”

“This year, leveraged loan issuance reached an annual rate of $745 billion. That’s nearly the same as the prior record of $762 billion in 2007 before the financial crisis and just a bit less than last year’s record of $788 billion globally.”

Wiped Out

Posted: November 20, 2018 in Money Matters
Tags: , , , , , , ,

“There’s no point in building wealth during good times… only to see it wiped out in a financial crash.” -Chris Lowe