Archive for the ‘debt’ Category
Sunday, October 26th, 2008
This problem is expanding and the real problem is when we pass the Quadrillion Mark.
After which time, a new currency must be introduced due to the hyperinflation problem that is slowly growing in Asia.
They need to dump U.S. debt. China’s economy is slowing down and soon will become less friendly towards the financial system.
There is NO UNDERSTANDING of what is transpiring.
Maybe it is better that way. There would be a panic.
Posted in china, credit default swap, credit derivatives, debt, quadrillion, trillion | 2 Comments »
Tuesday, October 21st, 2008
Credit card payments are slowing down industry-wide. Some people are not even making the minimum payments. The credit scores of consumers will decline, which will decrease the consumption going into next year. If consumers are unable to pay down their maxed out credit cards, we have a problem.
Posted in credit card, debt, economy | No Comments »
Wednesday, October 8th, 2008
The federal reserve cannot lower interest rates to 0%
Hyperinflation as mortgages are re-valued will be fast and furious.
The Fed is impotent. The problem is too big for the Federal Reserve.
Oh. Wow.
Posted in crisis, debt, federal reserve, interest rate | No Comments »
Tuesday, September 30th, 2008
The credit derivatives market was created to help banks hedge their risk. However, people found ways to make money with credit derivatives and it became a “revenue stream” … now with $924 Trillion worth of derivatives are about to destroy the remnants of the shadow banking system.
In the Panic of 1907, J.P. Morgan bailed out Wall Street.
The person who bails out Wall Street will become a titan.
Hmmm … maybe it will be a country? 
Not a person.
Posted in bailout, credit derivatives, debt, financial crisis, mortgage, panic of 1907 | No Comments »
Tuesday, May 6th, 2008
Imagine successfully finding all the pieces to a broken porcelain cup and putting the cup back together.
Then imagine someone driving a dump truck over that porcelain cup, and asking you to put the cup back together again — FASTER this time. He then puts a gun to your head and starts the egg timer.
That’s what credit derivatives of credit derivatives are.
Rich people are just too funny.
Posted in credit crisis, debt, economy, money | No Comments »
