Reinko

Is the Federal Reserve Ahead of the Curve?

The views as expressed in the article above are from out of this world.

According to the latest Z1 release 'flow of funds' the entire US financial started picking up debt in Q3 at a speed of over 16% of their entire debt position.

If economical conditions stay the same, the need 2.5 trillion US$ new debt a year. That is just 2500 billion but the 'help' some banks have gotten lately often amounts to only 5 to 8 billion.

As a comparison: 2.5 trillion amounts to the entire revenue that the US government took in...

So this will not turn into a recession but into a crash.