interestrateripoff Posted April 10, 2017 Author Share Posted April 10, 2017 Voices of Navient’s Borrowers: ‘The Biggest Mistake of My Life’ By STACY COWLEY and JESSICA SILVER-GREENBERG Navient is accused of making billions of dollars in risky, subprime student loans to borrowers who have little hope of repaying them. Here are some of those borrowers’ stories. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 10, 2017 Author Share Posted April 10, 2017 Tesla Hits a New Milestone, Passing G.M. in Valuation By THE NEW YORK TIMES 10:51 AM ET After passing Ford Motor a week ago, the electric car company edged past General Motors in early trading, with a market capitalization of $51 billion. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 12, 2017 Author Share Posted April 12, 2017 http://www.zerohedge.com/news/2017-04-11/commercial-property-lending-tumbles-retail-hotel-originations-plunge http://www.zerohedge.com/news/2017-04-11/yellens-self-serving-assessment-fed-doing-pretty-well Quote Link to comment Share on other sites More sharing options...
billybong Posted April 12, 2017 Share Posted April 12, 2017 (edited) ^ self serving assessment link Quote “Where before we had our foot pressed down on the gas pedal trying to give the economy all the oomph we possibly could, now [we’re] allowing the economy to kind of coast and remain on an even keel,” she said. “To give it some gas, but not so much that we’re pressing down hard on the accelerator.” A sort of gliding towards disaster policy. It sounds pretty much out of control except for their paramount objective of lining their own pockets. Edited April 12, 2017 by billybong Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 12, 2017 Author Share Posted April 12, 2017 http://www.zerohedge.com/news/2017-04-11/fed-once-again-making-policy-error Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 12, 2017 Author Share Posted April 12, 2017 Fed's Kaplan Warns Trump "US Too Levered To Use Debt For Growth" Federal Reserve Bank of Dallas President Robert Kaplan had lots to say this morning that, for now, the market has chosen to ignore. He warned "we are highly leveraged" implicitly warning President Trump that the country’s ability to boost growth through debt is limited (thanks to President Obama's doubling of the national debt as The Fed held rates at zero during his term?) Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 12, 2017 Author Share Posted April 12, 2017 Millennials Are Abandoning The Postwar Engines Of Growth: Suburbs And Autos Where's the growth going to come from as the dominant generation makes less, borrows less, spends less, saves more and turns away from long commutes, malls and suburban living and abandons the worship of private vehicles? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 18, 2017 Author Share Posted April 18, 2017 Free Money! Is The Fed Paying Banks $22 Billion To Not Lend? There is no “demand” for excess reserves. Rather, the Fed has crammed excess reserves into the system and has decided to pay interest on them. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 18, 2017 Author Share Posted April 18, 2017 Factory Output Tumbles In March - This Has Never Happened Outside Of Recession US Industrial Production peaked in November 2014 and remains down almost 2% from those record highs (despite surging stocks). This has never happened without the US economy being in recession in history. While Industrial production headlines met expectations, factory output for March plunged 0.4% - the biggest drop since Feb 2015. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 18, 2017 Author Share Posted April 18, 2017 US Restaurant Industry Suffers Worst Collapse Since 2009 With a same-store sales decline of 1.6%, the first quarter of 2017 was the fifth consecutive quarter of negative results. The last time the industry experienced a similar period was in 2009 and the first half of 2010, as the economy began recovery following the recession. Only this time the move is in the opposite direction. Great news for all those restaurant jobs.... Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 18, 2017 Author Share Posted April 18, 2017 When Rising Seas Transform Risk Into Certainty Along parts of the East Coast, the entire system of insuring coastal property is beginning to break down. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 25, 2017 Author Share Posted April 25, 2017 http://www.zerohedge.com/news/2017-04-24/baby-boomers-borrowed-100bn-student-loans-their-snowflakes-now-defaults-are-soaring Student loans a disaster needing a bailout.... Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 27, 2017 Author Share Posted April 27, 2017 http://www.zerohedge.com/news/2017-04-26/us-consumers-tap-out-credit-card-defaults-surge-4-year-high-and-its-getting-worse Maxed out? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 3, 2017 Author Share Posted May 3, 2017 Puerto Rico Files For Bankruptcy Protection In Largest Ever US Municipal Debt Restructuring http://www.zerohedge.com/news/2017-05-03/puerto-rico-seek-bankruptcy-protection-launching-largest-ever-us-municipal-debt-rest Quote Link to comment Share on other sites More sharing options...
maverick73 Posted May 3, 2017 Share Posted May 3, 2017 (edited) On 12 April 2017 at 8:14 PM, interestrateripoff said: Fed's Kaplan Warns Trump "US Too Levered To Use Debt For Growth" Federal Reserve Bank of Dallas President Robert Kaplan had lots to say this morning that, for now, the market has chosen to ignore. He warned "we are highly leveraged" implicitly warning President Trump that the country’s ability to boost growth through debt is limited (thanks to President Obama's doubling of the national debt as The Fed held rates at zero during his term?) Are the consumer mass equally 'too' leveraged??? Edited May 3, 2017 by maverick73 Quote Link to comment Share on other sites More sharing options...
ASBEAR Posted May 3, 2017 Share Posted May 3, 2017 FED have decided to hold the interest rates. Will this be another big excuse for Carney not to increase UK's IR? http://uk.reuters.com/article/us-usa-fed-idUKKBN17Z28S Quote Link to comment Share on other sites More sharing options...
darkmarket Posted May 4, 2017 Share Posted May 4, 2017 5 hours ago, ASBEAR said: FED have decided to hold the interest rates. Will this be another big excuse for Carney not to increase UK's IR? There was no expectation of a May hike but the Fed's comments, particularly on Q1's low growth figures being temporary, have pushed the odds for the expected June hike to near certainty. So the dynamic at play is the opposite of the one you suggest. On the other hand, Carney's excuses for not raising rates are well rehearsed by now, however disingenuous they may be. Quote Link to comment Share on other sites More sharing options...
ASBEAR Posted May 4, 2017 Share Posted May 4, 2017 6 hours ago, darkmarket said: There was no expectation of a May hike but the Fed's comments, particularly on Q1's low growth figures being temporary, have pushed the odds for the expected June hike to near certainty. So the dynamic at play is the opposite of the one you suggest. On the other hand, Carney's excuses for not raising rates are well rehearsed by now, however disingenuous they may be. Ok I see. Thanks for the inspiration. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 5, 2017 Author Share Posted May 5, 2017 http://www.zerohedge.com/news/2017-05-04/has-never-happened US apparently spending $ 0.5tr per year now on interest. Quote Link to comment Share on other sites More sharing options...
maverick73 Posted May 7, 2017 Share Posted May 7, 2017 On 5 May 2017 at 1:18 PM, interestrateripoff said: http://www.zerohedge.com/news/2017-05-04/has-never-happened US apparently spending $ 0.5tr per year now on interest. & the Trump spending machine has yet to begin... Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 28, 2017 Author Share Posted June 28, 2017 http://www.zerohedge.com/news/2017-06-27/yellen-i-dont-believe-we-will-see-another-crisis-our-lifetime Short life expectancy? Quote Link to comment Share on other sites More sharing options...
Errol Posted June 28, 2017 Share Posted June 28, 2017 1 hour ago, interestrateripoff said: http://www.zerohedge.com/news/2017-06-27/yellen-i-dont-believe-we-will-see-another-crisis-our-lifetime Short life expectancy? I suspect she means that when the next event happens they are just going to print ludicrous amounts. So a bank run in the traditional sense is impossible. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 28, 2017 Share Posted June 28, 2017 On 05/05/2017 at 2:18 PM, interestrateripoff said: http://www.zerohedge.com/news/2017-05-04/has-never-happened US apparently spending $ 0.5tr per year now on interest. ...gifting bankers 0.5 try of tax payers cash. We are being robbed. People need to wake up. Quote Link to comment Share on other sites More sharing options...
Errol Posted June 28, 2017 Share Posted June 28, 2017 “We believe the effect of the troubles in the subprime sector on the broader housing market will be limited and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system,” – Fed Chairman, Ben Beranke – May 17, 2007. “You know probably that would be going too far but I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will be.” – Fed “Chairman,” Janet Yellen – June 27, 2017 Hmmm… Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 29, 2017 Author Share Posted June 29, 2017 http://www.zerohedge.com/news/2017-06-28/lacy-hunt-fed-has-undermined-economys-ability-grow Quote Link to comment Share on other sites More sharing options...
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