Daily Archives: May 4, 2017

As in 2007-08, achieving peak auto sales this cycle has been a reckless, financially destructive chapter for the masses, and right on cue, the inevitable default phase has begun with losses coming back on financiers once more. Trustee in Bankruptcy, … Continue reading →

Advised and led by their US trained finance types, China has followed the same hide-your-debts-playbook that brought down Enron, Worldcom and global financial markets in 2001-03, as well as Bear Stearns, Lehman and global markets again in 2007-09. The difference … Continue reading →