Juggling Dynamite

Seventeen years of continually and recklessly stomping on credit creation to goose consumption has purchased massive mal-investment, over-capacity, excess supply and now a period of falling demand and rising bankruptcies. This is worldwide, and we have an army of financial prestidigitators to thank for the downsizing, mean reversion, losses and write downs that follow next.

Basil Karatzas, CEO of Karatzas Marine Advisors, on Hanjin Shipping Co.’s bankruptcy protection filing. Here is a direct video link.
 

The product pumping financial sector has spent billions on lobbying and influence to keep the public in the dark. And they have been very successful. Still, individuals make themselves easy marks by not being proactive and taking financial ‘advice’ from sales people.

Tony Robbins takes to the streets of New York to find out just how many investors really know what the word fiduciary means. Here is a direct video link.

A party that was formed just three years ago has beaten Angela Merkel’s Christian Democrats in a closely watched state election in Germany. Here is a direct video link.