Page 3 - Debt Bubble News Today

>> yeah. >> what does that mean? >> it means actually making stuff and creating jobs and raising wages. what is interesting about what has happened in china and in the markets in the last couple of days, its the echos of 2008. >> still? >> still. its amazing. eight years on. what happened was, right after 2008, american consumers stopped spending. somebody had to pick up that slack and that somebody was china. they brewed up this enormous debt bubble and thats what burst in the last couple of da...

Right? >> china matters a lot more than it used to. its about double the size as it was in the late 1990s. its got a huge debt bubble. its popping right now. it has a debt bubble very similar to what happened before the sub prime crisis in the u.s. when china launched a stimulus program to try and compensate for the fact that americans werent spending. i think u.s. stocks will be hit to a certain extent by this. oil prices are coming down. thats actually a little bit of a fuel for consumer spend...

Way in which policy decisions are being taken in the chinese they brewed up a debt bubble over the last few years of epic propossessions. the debt to gdp ratio in china is about 300%, more than three times what it is in the u.s., just to give you a sense of whats happening. thats now bursting. the fall jo is because of that. >> we saw josh earn zest being asked, whenever you see a drop of 1,000 points, people get nervous. so he was asked, how are things? has the president been briefed? what he e...

Standards. and that creates a debt bubble. thats what weve seen in both these periods, economic instability. what makes an economy stable is a strong middle class. >> the new film, "inequality for all," talks about americas growing income gap. and for many, on low end of the pay scale, who depend on government help, they may find it a pretty rough next couple of weeks, if the government shuts down. house republicans pushed through a bill that keeps the government open if congress defunds preside...

No, were going back and were very much looking at the credit rating agencies again. their responsibility in the housing crisis. while this other debt bubble is beginning to pop. >> shepard: it is. theres a rapper out of dallas, called himself d-dot dallas and talks about how he just wants to hit the big-time and the guidance counselor says here a student loan form, just sign your life away. >> the problem is that people came out of these expensive institutions and couldnt get a job. couldnt pay ...

Generation has peaked in spending around the world. they are declining. you have the greatest debt bubble in history and they are fighting an epic battle to stop an inevitable slow down in debt de leveraging. what i am worried about is europe. europe is about to blowup. they had 1.3 trillion massive stimulus program a few months ago and already in trouble again. another 1.6 trillion of what we call under the table loans, short-term loans that german banks and the central banks and the ecb that a...

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Rate, really what he was saying was i take advantage of all these favors that the tax code does for the very rich. >> now so we are not talking about him maybe trying to hide the fact hes very wealthy because thats already understood. >> right. >> the figures are not what a lot of people want to see. its what percentage of his -- the rate, the tax rate, what percentage does he pay based on this unfair capital gain tax percentage and why -- and the bush tax cuts which he wants to maintain. >> the...

Back with james freewayman, and joining us, opinion.com editor, james taranto. these are huge loans, how big a problem is it? >> its a big problem and the interesting number, the amount of outstamping student loan debt doubled in the past five years during this dismal economy. when you think about it, it makes sense. what do young people do when they cant get jobs? they park themselves in school and try to get another credential in hopes of improving their employment prospect later. but, as a re...

more to the middle might have been able to get something through congress. once he started talking about a big tax increase on the rich, theres no way republicans were going to go for that. i think this has become a political debate not a debate about what we can pass right now. thats a problem when you have 14 million unemployed people. >> didnt the summer teach the white house there was going to be no consensus and trying to do a deal, trying actually to move to the center is what th...