Business

Authored by Charles Hugh Smith via OfTwoMinds blog,

When debt-asset bubbles expand at rates far above the expansion of earnings and real-world productive wealth, their collapse is inevitable. The Supernova model of financial collapse is one way to understand this.

As I noted yesterday in Will the Crazy Global Debt Bubble Ever End?, I've used the Supernova analogy for years, but didn't properly explain why it illuminates the dynamics of financial bubbles imploding.

Macro data, the dollar, and the yield curve are 'breaking bad' so when does the Walter White market die?

Another day, another set of dismal data (with soft data's dump continuing)...

Ahh, the future...

Source: Townhall.com

Authored by Michael Snyder via The Economic Collapse blog,

Less than a decade after various complex, synthetic, squared, cubed and so on securitized debt structures nearly brought down the financial system, here come "Sovereign Bond-Backed Securities."

Moments ago, the FT reported that in a watershed event for the European - and global - bond markets, Brussels is pressing for sovereign debt from across the eurozone to be "bundled into a new financial instrument and sold to investors as part of a proposal to strengthen the single currency area."

Call it securitized sovereign debt.