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Old 01-21-2019, 05:33 AM
Danny B Danny B is offline
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,440
China slipping fast,,, corporate debt rollover

The rulers are always trying to control their tax slaves,, nothing new. Power corrupts and, attracts the already corrupted. It follows that; we can expect our leaders to be corrupted. It IS different this time because the powers of surveillance are FAR more advaned than ever before in history.

Armstrong has predicted big changes in both 2020 and, 2032.
"ANSWER: The 2032 date is the conclusion of this Private Wave. That is when the power of the West will begin to shift to China for the next cycle that begins thereafter. The 2020 date is when the confidence begins to noticeably begin to turn down for the AVERAGE person. "
"We will be running the computer models on the 2020 election. But preliminary indications show that we will see a sharp rise in violence. Neither side will accept the results."

French deplorables, "It drew attention to the economic, cultural and political exclusion of the working classes, most of whom now live outside the major cities. It highlighted the conditions that would later give rise to the yellow-vest phenomenon."
"eripheral France’ is about the geographic distribution of the working classes across France. Fifteen years ago, I noticed that the majority of working-class people actually live very far away from the major globalised cities "
They tend to be people in work, but who don’t earn very much, between 1000€ and 2000€ per month. Some of them are very poor if they are unemployed. Others were once middle-class. What they all have in common is that they live in areas where there is hardly any work left. They know that even if they have a job today, they could lose it tomorrow and they won’t find anything else.

" It is exactly the same shock that the British elites experienced with the Brexit vote and that they are still experiencing now, three years later.

The Brexit vote had a lot to do with culture, too, I think. It was more than just the question of leaving the EU. Many voters wanted to remind the political class that they exist. That’s what French people are using the gilets jaunes for – to say we exist. We are seeing the same phenomenon in populist revolts across the world."

"Outstanding yuan loans were up 13.5% at the end of 2018 from a year earlier… In addition, debt issued by private enterprises increased by 70% year-on-year from November to December last year"
"China in 2019 faces a ticking Credit time bomb. Bank loans were up 13.5% over the past year and were 28% higher over two years, a precarious late-cycle inflation of Bank Credit. Ominously paralleling late-cycle U.S. mortgage finance Bubble excess, China’s Consumer Loans expanded 18.2% over the past year, 44% in two years, 77% in three years and 141% in five years"
"The IIF’s data show total global debt — owed by households, governments, non-financial corporates and the financial sector — at $244tn, or 318% of gross domestic product at the end of September, "
"January 16 – Washington Post (Robert J. Samuelson): “Government debt has tripled from $20 trillion in 2000 to $65 trillion in 2018, rising as a share of GDP from 55% to 87%. Household debt has increased over the same years, from $17 trillion to $46 trillion (from 44% to 60% of GDP). Finally, nonfinancial corporate debt rose from $24 trillion to $73 trillion (71% of GDP to 92%)… According to the data from the IIF, emerging-market borrowers face $2 trillion of maturing debt in 2019"
"“A record $3.9 trillion of emerging market bonds and syndicated loans comes due through the end of 2020."
Credit Bubble Bulletin : Weekly Commentary: Monetary Disorder 2019

Crouching tiger, crouching dragon, 1/20 China posts slowest growth in 28 years in 2018, more stimulus seen – Reuters
1/20 China slump squeezes workers, hammers consumer spending – APN
1/20 Visualizing the snowball of global government debt – Zero Hedge
1/20 Does the corporate debt mountain pose an avalanche risk? – France 24
1/20 Straw in wind? Near-junk ratings dominate US corporate bonds – DR

No US officials in Davos - Trump cancels plans for Mnuchin And Pompeo to visit forum
1/20 Facing populist assault, global elites regroup in Davos – Seattle Times
1/20 There is no Plan B: Theresa May to resubmit plan on Monday – Mish
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