Why is this happening?

Simple.

Global recession / global depression.

Sovereign debt collapse – starting in Europe and spreading around the world due to central bankers trying to kick the debt-can down the road.

Read “Depression is Coming” on this blog.

Debt is the disease and there is nothing left in any central bank arsenal to fight exogenous economic impacts.

Advertisements

2 thoughts on “Why is this happening?

  1. Well said, old chap.

    you could have added “ignorance” and a failed profession of economists who function a ruling cult,; a clusterfuck of masturbationary wet-dreams, where economic theory is nothing but Banker directed expediency for the bankers at the cost of everybody, and I mean everybody,

    But, that’s just me.

    LOL

    Like

    1. Ahh the simple life.

      Ignorance – what wet dreams are made of.

      And I agree – ask bankers to provide statistics on NPL (Non Performing Loans) and they shudder in fear and reclassify them into grades – disclose only the highest.

      Why?

      The truth hurts – but provision for bad and doubtful debts MUST be in an acceptable range for shareholders.

      Sent from my iPad

      >

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s