Business

By John Mauldin of Mauldin Economics

These 2 Charts Show the Next Recession Will Blow Out the US Budget

The weakest recovery in modern history has stretched on for 69 months.

By 2017, it will be the third-longest recovery without a recession since the Great Depression. By 2018, it will be the second longest.

Only during the halcyon economic days of the 1960s have we seen a longer recovery; but that record, too, will be eclipsed sometime in 2019—if we don’t see a recession first.

Edward Snowden called on the people in the United Kingdom to rise up and demand the resignation of Prime Minister David Cameron after the Tory leader admitted he has benefited from shares in an offshore trust set up by his father. The next 24 hours could change #Britain. https://t.co/x5e1YOJenx#PanamaPaperspic.twitter.com/0ChHHWteFy — Edward Snowden (@Snowden) April 7, 2016   Referring to growing critcism of David Cameron’s admissions, the NSA whistleblower stated “the next 24 hours could change Britain”.

It was just a few days ago when we covered most recently that China has created a subprime debt bubble of monstrous proportions. We explained that the exposure isn’t just within the conventional, state-backed banking system, but also within their "wild west" shadow banking system, which has introduced "investors" to a significant amount of risk. 

We know that it’s not a question of if, but when will the bubble finally pop (and as we show below, it already has) and introduce a new subprime (and debt in general) financial crisis for the world to deal with.

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),

No Return to Normal

Overall, world stocks have held up well, despite cascading evidence of impending doom.

Submitted by Lance Roberts via RealInvestmentAdvice.com,