The GLOBAL ENDGAME

The GLOBAL ENDGAME

Charles Hugh Smith's recent article "The Global End Game in Fourteen Points" is the basis for this discussion on the traditional Business Cycle, the Credit Cycle and the emerging version sought by the Central Bankers.

  1. "Boost Phase" of Credit Expansion
  2. Overextended Credit Expansion and Over Capacity
  3. Financialization and Collateral
  4. Era of Financialization
  5. Growing Malinvestment
  6. Phantom Collateral from Asset Bubbles
  7. Bubble Implosions
  8. Impaired Debt and Policy Decisions
  9. Stalled Consumption
  10. Cheap Money Offered
  11. Shrinking Loans and Bank Speculation
  12. Search for Yield from Shrinking Pool of Productive Assets
  13. Increasingly Speculative Investments with high Risk
  14. Stagnation - Over-indebted, overcapacity with limited growth.