Trillion

“655 people have $4 trillion in wealth. 200 million can’t cover a $1000 expense.”

By Michael Snyder The COVID pandemic has caused the gap between the ultra-wealthy and the rest of us to grow larger than it ever has been before.  Thanks to the hyperinflationary policies of the Federal Reserve and our politicians in Washington, stock prices have soared to unprecedented heights in recent months.  This pushed the wealth…

Crypto Assets Top $1 Trillion Market Cap As Novogratz Sees New Stimulus Checks Funding More Bitcoin Buying

Amid the chaotic scenes in DC yesterday, and confirmation that both Democrats won their Georgia Senate seats, cryptocurrency prices have accelerated higher once again, crossing the stunning level of $1 trillion in total market capitalization for the first time in history… Source: CoinMarketCap “The more that people perceive that their assets, particularly their liquid assets…

World's Top Economies Brace For $13 Trillion Debt Maturity Vortex

To kick off the New Year, the world’s largest economies face a massive global debt overhang due to the coronavirus-downturn; some $13 trillion in debt is coming due and will need to be refinanced in an ultra-low rate environment.  Seven top economies plus several major emerging markets economies “face the heaviest bond maturities in at…

$15 Trillion Cashnami Crashes Dollar In 2020, Sparks Gold's Best Year In A Decade

Global stocks added around $15 trillion in market cap in 2020 (pushing above $100 trillion for the first time ever)… Source: Bloomberg Which is an oddly coincidental number given that global liquidity has soared around $15 trillion in 2020… Source: Bloomberg That kind of ‘tsunami’ hasn’t historically ended well (in the movies)… While much of…

How The Chinese Use Illegal Online Gambling And Tether To Launder Over $1 Trillion Yuan

It has long been known that over the past decade Chinese oligarchs who wanted to bypass Beijing’s capital controls and anti-money laundering firewall, would smuggle billions of dollars outside of China by using the Macau casino money-laundering infrastructure, prompting Beijing to crack down aggressively on this popular firewall loophole, with mixed success. What is less…

Negative-Yielding Debt Exceeds $18 Trillion As Global Market Cap Hits $100 Trillion

Submitted by Christophe Barraud The pool of negative-yielding debt across the world exceeded $18 trillion for the first time in history, according to Bloomberg data. The move came after the ECB announced it will expand its massive monetary stimulus program by another €500 billion and will extend emergency bond purchases for nine months. In a context…

Morgan Stanley: We Are Bullish Because Central Banks Will Inject Another $2.8 Trillion Of Liquidity In 2021

By Matthew Hornbach, chief rates strategist at Morgan Stanley Liquidity. It’s What’s For Dinner With futures contracts tied to the price of water starting to trade last week, this seems a good time to take a look at the impact of liquidity. Liquidity means different things to different people, so before digging in, let me…

Feds Admit $2.3 Trillion In Improper Payments

Submitted by Adam Andrzejewski, Since 2004, twenty large federal agencies have admitted to disbursing an astonishing $2.25 trillion in improper payments. Last year, these improper payments totaled $175 billion – that’s about $15 billion per month, $500 million per day, and $1 million a minute. But what exactly is an improper payment? Federal law defines…

The 2021 Liquidity Supernova: Step Aside Fed – US Treasury Will Unleash $1.3 Trillion In Liquidity

One of the most poignant (and painful to some) lessons of the past decade – especially to contrarian, bearish investors such as Odey and Horseman – is that the Fed can keep print money far longer than any short can remain solvent. And while it was considered in poor taste until earlier this year to…

How COVID Forbearance Gave Banks A Three Trillion Dollar Boost

By Nick Dunbar of Risky Finance If there was one thing that regulators were sure about at the start of the pandemic, it was that it would not become a bank story. Crisis yes, maybe even a touch of market turmoil for a few weeks in March, but never something that would embroil the world’s…

“This Is Huge”: World’s Biggest IPO Trades 50% Higher In Gray Market After $3 Trillion In Retail Orders

Last week we reported that thanks to what may be the world’s most sophisticated check kiting scheme, Chinese and Hong Kong banks were giving local retail investors a mindblowing 33x margin leverage with which they could then turn around and purchase stock in what is now the world’s largest IPO – China’s fintech Ant Financial,…