Crescat

Global Fiat Currency Debasement: With historically high and unsustainable global debt to GDP levels across the world, we believe central banks will continue their attempts to forestall sovereign debt and banking crises, stimulate the economy, and fight deflation by engineering negative real interest rates, monetizing debts, and working in cahoots with sovereigns to understate true [...]

Posted: February 1, 2012 by Kevin S. (China Real Estate Bubble, Competitive Innovation, Consumer Squeeze, Fixed Income Bubble, Global Fiat Currency Crisis, New Energy Resources)
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There is a good article just published in CFA Magazine entitled China: Unhedged Risk in Your Portfolio?  Joel Hirsh, CFA, reinforces many of the points we made about China in our latest Macroeconomic Update.  Some highlights: “Chinese government agency estimates suggest China has accumulated bad loans to local governments totaling more than 15 percent of GDP.” “Chinese central [...]

Posted: November 3, 2011 by Kevin S. (China Real Estate Bubble, Global Fiat Currency Crisis)
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Please check out Crescat’s latest macroeconomic research letter.  We discuss the implications of record high global debt levels, China’s unsustainable fixed asset investment binge, the European debt crisis, declinging real household income in the U.S., understated CPI, gargantuan off balance sheet derivatives.  Central banks have been behind an upward spiraling series of bubbles, busts, and bailouts.   The biggest busts and bailouts are likely still ahead of us, possibly the end game [...]

Posted: October 24, 2011 by Kevin S. (China Real Estate Bubble, Competitive Innovation, Consumer Squeeze, Fixed Income Bubble, Global Fiat Currency Crisis)
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