Margin Debt Has Exploded by 49 Percent in One Year to $814 Billion. The Actual Figure May Be in the Trillions. Here’s Why.

For Jerome Powell to claim ignorance of one of the most important statistics used to monitor excess leverage in the financial system — the scale of margin debt — is an insult to the American people. … Read More Margin Debt Has Exploded by 49 Percent in One Year to $814 Billion. The Actual Figure May Be in the Trillions. Here’s Why.

Italy’s Government Is Outsourcing Its Economic Strategy To Private Management Consultants McKinsey

Last month, former European Central Bank chief Mario Draghi formed a new government whose top ministries were handed to unelected technocrats. Now his “government of experts” has outsourced its economic plan to private management consultants McKinsey — without voters having ever had any say in the matter.… Read More Italy’s Government Is Outsourcing Its Economic Strategy To Private Management Consultants McKinsey

Within a Matter of Months, the Fed’s Balance Sheet Will Hit $8 Trillion; These Charts Tell the Rest of the Story

What has changed the course of economic history in the United States and put the country on a debt-fueled disaster course is the Wall Street crash of 2008 and the bailouts, both monetary and fiscal, that have followed ever since… Read More Within a Matter of Months, the Fed’s Balance Sheet Will Hit $8 Trillion; These Charts Tell the Rest of the Story