Debt Binge News Today

lets get started with five things to know for this tuesday, may 16th. new overnight, cnn obtained new video of a man chasing a screaming woman with a bat minutes before he allegedly attacked staffers at a congressmans field office. you hear the screams there. the suspect this morning is under arrest. virginia congressman says his staffers have nonlife threatening injuries. also in washington, president biden is going to meet with house speaker kevin mccarthy again today as both try t...

Liquidity Crisis: Wells Fargo & Repo Markets Sound Alarms Every financial crisis ultimately boils down to a liquidity crisis, namely: Not enough fiat dollars to keep the financial wheels sufficiently greased. Below, we look at two warning signs from Wells Fargo (NYSE: WFC) and the reverse repo market which warn of precisely that:  a liquidity crisis. In a world in which consumers, corporations, and sovereigns have falsely confused  debt-based growth as  actual growth, a liquidity crisis is...

Overleveraging of corporate america. the reason why the fed needs to unwind its balance sheet and raise short term interest rates is because a, the economy is improving and number 2, you could have asset bubbles. we should not be incentivizing corporations and individuals, mainly corporations because they went on a debt binge to borrow more. >> neil: hes not worried about that. are you? >> i think what has changed in the last six weeks is what happened at general electric. in the blink of an eye...

That was not their rhetoric but thats what they were calling for. today, of course, the economy is at 4.1% unemployment rate which is quite good. a lot of other indicators are genuinely quite positive. and now is exactly the wrong time to go on a big debt binge and yet thats what were doing. >> so the question is even if some congressional republicans have changed their position clearly on deficit spending, all those fiscal hawks have flown the coop, what are the lessons here? is the tea party d...

someone into the country. the group allegedly planned to forge travel documents for gadhafi and his family. saeed gadhafis lawyers deny these allegations. it is the latest conviction under the kingdoms strict laws against defaming the highly revered monarchy. two child trafficking rings in china have been busted by police after a six-month investigation. 178 children were rescued in the nationwide operation and 608 people arrested. chinese police say it is the biggest achievement s...

If you stay on these paths, right, where were continuing to do a lot of deficit borrowing and mounting deficits and at the same time countries are living more within their means. theres going to be a time when these two paths are going to across and the u.s. will have a declining influence as a result of it. >> marcus, you talked about the historical context of this, the last super power being britain which owed america a lot of money and eventually what happened they succeeded britain as the mo...

Stuart varney from the fox business network. i dont know where to start on that thing. i mean, per second 126 grand? >> look, youve laid out the history of our spending and accumulation of debt binge. the point is as of right now its getting much worse. this accumulation of debt and the spending has gotten much worse just in the last couple of years. for example, on the debt side of the equation we had, we now have a deficit which is ten times lance larger this year than it was in the year 2007....