Debt Binge News Today : Breaking News, Live Updates & Top Stories | Vimarsana

let's 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 congressman's 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 to find a way forward when it comes to the debt ceiling. mccarthy said they're not closer than they...

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 not a theoretical debate, but a mathematical certainty. For years, self-serving politico’s, centr...

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: he's 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, nobody cared that it was trading south of $10. when their bonds went to 80 cents on the dollar an...

That was not their rhetoric but that's 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 that's what we're 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 done? what is birthed out of this moment? >> i think the lesson is that republicans do not care ab...

someone into the country. the group allegedly planned to forge travel documents for gadhafi and his family. saeed gadhafi's lawyers deny these allegations. it is the latest conviction under the kingdom's 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 since the launch of a national campaign against human trafficking. those are the head liens from cn...