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    Daily Digest 3/13 – S&P Warns 'A Debt Crisis Is Brewing,' Research Team ‘Wakes Up’ Mammoth Cell Nuclei

    by saxplayer00o1

    Wednesday, March 13, 2019, 4:27 AM

Economy

Consumers racked up $67 billion in credit card debt in 2018, study finds

A new study says Americans racked up $67 billion in credit card debt during 2018, sending outstanding debt to an all-time record high.

The personal-finance website WalletHub’s Credit Card Debt Study revealed that U.S. consumers began 2019 owing a total of $1.03 trillion to credit card companies.

Global Growth Slowest Since 2009, $1 Trillion Deficits: Eco Day

Global growth is at its weakest since the great financial crisis, says Dan Hanson, citing a new GDP tracker

Bad loan build-up clouds emerging share market picture

Non-performing loans have shot up to a global high of close to 10 percent of gross credit exposures in India, and they are expected to edge up this year in China, Mexico, Indonesia, Russia, Turkey and Argentina, say analysts.

A gloomy outlook on the final two issued by Standard & Poor’s undercuts the assumption that fallout from currency crises last year in both countries was already priced in.

France’s central bank revises down quarterly economic growth estimate

The central bank of France said in a report that it expected decelerated economic activities in the second biggest economy in the eurozone as a gloomy outlook in the single-currency bloc tainted by slowing activities and persistent trade risks have offset positive trends reported at home.

BOJ can be flexible in meeting its price goal: Japan finmin Aso

The BOJ is set to maintain its massive stimulus program and warn of heightening overseas risks at next week’s rate review, sources have told Reuters.

A debt crisis is brewing, S&P warns, but don’t expect a 2008 rerun

Debt is higher than before the global financial crisis, making the world vulnerable to economic and market shocks, S&P Global Ratings has warned.

Why ‘Japanification’ looms for the sluggish eurozone

This was partly because of the sharpness of the ECB’s downgrade to this year’s growth forecast from 1.7 per cent to 1.1 per cent. But it was also a response to the downbeat rhetoric of ECB president Mario Draghi, who described the eurozone as being in “a period of continued weakness and pervasive uncertainty”.

China Seeks to Defuse Its $4.5 Trillion Local Hidden Debt Bomb

The motive is “just that the problem can’t be delayed anymore,” as in many places fiscal revenues and gross domestic product aren’t enough to cover the interest and principals, said Lu Ting, chief China economist at Nomura Holdings Inc.

Israel Is Not America’s Ally (Time2Help)

Israel is one of America’s regional clients, and it is the one that the U.S. indulges more than any other, but that is all that it is. As such, it receives far more support than it needs to and far more than makes sense for the U.S. to give, and the overwhelming political support that the relationship has is out of all proportion to the value of the relationship to the United States. In fact, like several other regional clients Israel has increasingly become a liability for the U.S., and the relationship should be changed accordingly.

Federal agency looking at fitness trackers for public sector workers (Uncletommy)

“Interactive insurance policies give consumers the opportunity to receive discounts on premiums for sharing health-related information through wearable tracking devices,” says the memo. It suggests the technology could be used to cut costs in the 600,000-member Public Service Health Care Plan, administered by Sun Life Financial.

Research team ‘wakes up’ mammoth cell nuclei (Adam)

Cell nuclei contain DNA, the so-called blueprint for life, and mouse ova have been confirmed in experiments to have a reparative function for DNA. It is said to be possible that the mammoth’s DNA, damaged as a result of being frozen for a long time, was repaired and its biological functions invigorated.

However, the predivision development stopped before completion in all the ova.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/12/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

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