The End of Cheap Debt Will Bring a Wave of Bankruptcies
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
Special powers to inflate the money supply — granted by the state — make banking unlike other private industries.
The new Fed Chief Powell was optimistic at Congressional hearings this week. But he may have inherited a quickly-expiring boom.
The suppression of the TMS growth rate, if it is sustained for the rest of the year, portends another credit crisis and housing bust.