Debt Rattle November 8 2015
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Home › Forums › The Automatic Earth Forum › Debt Rattle November 8 2015
John Vachon Big Four Cafe, Cairo, Illinois May 1940 • China October Imports Fall 18.8% From A Year Ago, Exports Down 6.9% (Reuters) • Marginal Product
[See the full post at: Debt Rattle November 8 2015]
FUBAR (the world in general)!
Oh the irony; if Russia became the most desirable place to relocate. Russia’s central bank chairwoman, Elvira Nabiullina, successfully guided the Ruble through it’s crash and recovery. She was an effective foil to the U.S. sanctions debacle, which may yet screw the EU into depression.
If one reads the good stuff, then one knows Elvira Nabiullina has gotten kudos from many western economists for her acumen in things financial within Russia (and we got Yellen, yuck!!).
S.E. Asia’s numbers (specifically Thailand) are proportionately smaller than China’s, but serious nevertheless. Tourism somehow manages to surprise, but cannot carry the economy. A housing bubble appears imminent and household debt is at 85% of GDP.
This cannot end well and I lost my crystal ball eons ago…
Why is it getting so hot? And what is this basket we seem to find ourselves in?
V. Arnold, maybe help in clarification,,,
“Each turning comes with its own identifiable mood. Always, these mood shifts catch people by surprise.”
The Fourth Turning.
In the end, unsustainable (familiar?) power structures fail. An uncomfortable thought for those who resist change. What to do?
“Do not look for sanctuary In anyone except your self.” Siddhartha Gautama
@ Professorlocknload
And, just what needed clarification?
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