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China's Cost To Avoid The Dreaded Working Class Revolution: A Record CNY11.1 Trillion, And Rising

Ever since 2010 we have explained that one of the biggest risks facing the world is China's gargantuan mountain of debt, seen in its consolidated state in the following McKinsey chart...

... a mountain which has doubled from its 2007 levels of 158% of GDP and which as of Q4 2015 is well over 300%, as China races to catch up with world-record holder Japan and its 400%+ total debt/GDP.

Do We Need The Fed? (Spoiler Alert: No!)

Submitted by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

Stocks rose Wednesday following the Federal Reserve’s announcement of the first interest rate increase since 2006. However, stocks fell just two days later. One reason the positive reaction to the Fed’s announcement did not last long is that the Fed seems to lack confidence in the economy and is unsure what policies it should adopt in the future.

Even The Rich Are Cutting Back - Swiss Watch Exports Continue Collapse Despite Price Cuts

Even The Rich Are Cutting Back - Swiss Watch Exports Continue Collapse Despite Price Cuts

You know it's bad when... Following a dismal October, Swiss watch exports continued to collapse in November. As we noted previously, not only are luxury jet values dropping for the first time since 2009, London mansion prices plunging, San Francisco home sales collapsing, and Sotheby's laying people off, but, despite desperate major price cuts, Swiss watch exports tumbled 11% YoY (in USD terms), the worst November since 2008.

In Swiss Francs, this is the biggest November plunge in Swiss watches since 2009...

 

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