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Showing posts with the label debt

The Pound sterling collapses to its 37 year lows, the U.K. is facing inflation, recession and an energy crisis mixed with parabolic debt levels.

The Pound Sterling is already in a currency crisis. The U.K. maybe the first Western country to be hit hard by stagflation and a debt storm.

Inflation is rising again in the U.S. 10 year-breakeven rate and oil price are spiking after Biden's SPR release. Will student debt forgiveness lead to further inflation? Remember, the Fed has repeatedly bailed out Wall Street. With 8 Trillion $ on their balance sheet, reduction will lead to higher borrowing costs and the Fed will take the losses. Wall Street won't.

The Australian dollar begins to slide to its pandemic 2020 lows. Government and Corporate debt are at all time highs, while household debt declines pointing to recessionary inflation conditions. Oil price in AUD is at $150. Central Banks face a conundrum after over two decades of underwriting everything.