Yawning Debt Trap Proves the Great Recession is Still On

This article by David Haggith was published on The Great Recession Blog:
This article by David Haggith was published on The Great Recession Blog:
The top US general said on Monday that the American people, including the families of the fallen soldiers in Niger, deserve answers about this month's deadly ambush which claimed the lives of four US soldiers, including that of Army Sgt. La David Johnson, whose widow Myeshia Johnson has been involved in an escalating feud with President Trump over the contents of his controversial phone call meant to deliver condolences.
It has now been 242 days since the US equity market dipped by 3% or more... That has never, ever, happened before...
Rick Astley said it best..."never gonna let you down... or desert you"
That China is a widely accepted global outlier in the context of credit, debt and leverage, look no further than the latest Financial Stability Report from the IMF, which in no uncertain terms lays out where China can be "found" relative to its G-20 peers in the following chart:
Yet according to the IMF, China's bleak picture is based on a relatively rosy estimate of the country's non-financial debt to GDP at approximately "only" 242%.
Authored by Simon Black via SovereignMan.com,
US stock markets hit another all-time high on Friday.
The S&P 500 is nearing 2,600 and the Dow is over 23,300.
In fact, US stocks have only been more expensive two times since 1881.