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it is estimated that the financial subprime crisis of 2008 accounts for 10.000 suicides

in the short term – madness may look very profitable – but in the long term responsibility and sustainability pay off.

madness will not survive the next crisis

but in sunny times those that act responsible are called mad – will they be able to handle it?

capitalism works so well – eventually it will destroy the everything.

Men in the mid-1870s pose with a mountain of buffalo skulls soon to be ground into fertilizer, the sad remains of an animal that once ruled the American plains
Men in the mid-1870s pose with a mountain of buffalo skulls soon to be ground into fertilizer, the sad remains of an animal that once ruled the American plains,
Wright's buffalo hide yard in Dodge City, Kansas, 1878, with some 40,000 buffalo hides apparently in shot
Wright’s buffalo hide yard in Dodge City, Kansas, 1878, with some 40,000 buffalo hides apparently in shot for their fur and leather worth $3 each, was enough to drive them to extinction.

The creditworthiness of corporate borrowers in advanced economies has deteriorated while the volume of debt and financial risk taking has risen, the International Monetary Fund has warned.

It also flagged up concerns about the sovereign-bank nexus in the eurozone and about market conditions for low income and frontier countries.

  • By Phil Thornton
  • 11 Apr 2019

src: https://www.globalcapital.com/article/b1dy2p6pfqq7q8/imf-warns-on-risks-to-corporate-sector-debt

i would add: the problem is the banks.

They do not provide enough liquidity for the real economy (companies and company founders with ideas).

if this is not correct: where can i apply for my 0% loan payable over 30 years?

so the whole thing you call EU economy goes bust!

I think a major problem is that the US (indeed) sees itself as the successor to the British Empire and thus thinks it still has the “right” to govern it’s overseas colonies.

This relationship has to transform rapidly into a true honest and open partnership or relations will get more and more hostile.

Trump is NOT exactly the right candidate to do so, thus Putin welcomes whatever splits “The West” and “The West” is easily split… btw. “the EU” as “United States of Europe” will not work – for the simple fact – that the US is cultural much more homogeneous than Europe (most cultural diversity you can imagine) – so one size / one currency fits all is doomed to fail.

I surely can imagine that some people like the “one currency shall rule all of Europe” idea out of power greediness – but it will not work.

if IMF  wants to see a strong EU economy – “the banks” need to provide liquidity for people with ideas that want to do companies, not even existing well running companies can get loans to redo their infrastructure these days – and the IMF blames it on them.

Would be the point to leverage – to make sure people actually have meaningful work and access to money (afaik “states” “the EU” can not go bust? unless the ECB wants it to?).

But then again – “the banks” are not obliged to take responsibility for society – they are only obliged to make profit – this is basically asking for self destruction and this is what we see right now.

PS: the IMF is based in Washington and thus just as the World Bank or Goldman Sachs has not exactly the will of the people in mind.