Connect with us


Will The Debt Time Bomb Blow Corporate America Apart?

A $6.3 trillion debt time bomb can blow America’s economy to pieces. Corporate America has accumulated more debt than it can pay.

A $6.3 trillion debt time bomb can blow America’s economy to pieces. Corporate America has accumulated more debt than it can pay.

Corporate debt equals 45% of America’s gross domestic product (GDP), The Week’s Jeff Spross noted. Moreover, the GDP includes all of America’s economic activity.

Corporate debt levels are now higher than they were before the Economic Crisis of 2007, Spross estimated. Shockingly, big business is accumulating the most dangerous debt.

Corporate Debt Time Bomb Is Worse Than 2008

“Since 2007, safe, highly rated corporate debt has fallen by roughly $1 trillion,” Spross wrote. “There’s a wide swath of riskier companies who now have $1 in cash for every $8 in debt, a record low (yes, worse than 2008).”

Furthermore, Spross blamed lenders whose standards are falling dramatically. Many lenders are deliberately making riskier leveraged loans. Additionally, companies with a ton of debt use leveraged loans to borrow more.

“Creditors are sacrificing various safeguards, particularly their priority in being repaid should the business go belly-up, all for the chance to hand out more high-yield loans,” Spross wrote. Top Wall Street analysts at Standard & Poor’s (S&P) agree with Spross’s analysis of the debt time bomb.

“And the riskiest borrowers are more leveraged than they were even during the financial crisis, according to S&P’s analysis,” CNBC observed.

$8 Of Debt For Every $1 Of Cash

“These borrowers have $8 of debt for every $1 of cash,” wrote Andrew Chang, who is the primary credit analyst at S&P Global.

The growing debt time bomb has many similarities to the Great Financial Meltdown of 2007-2008. Wall Street and mortgage lenders triggered that crisis by accumulating too much risky debt.

Further, Wall Street repackaged those loans into collateralized derivatives and marketed them as investments. When borrowers defaulted, the derivative market collapsed.

“Riskier corporate loans are also being repackaged in collateralized loan obligations that then sell as lower risk instruments to investors,” Spross wrote. “The problem isn’t anywhere as severe as the repackaging of mortgages in the housing crisis. But the similarities are unnerving. And the practice is spreading.”

Will The Corporate Debt Time Bomb Trigger A Retail Apocalypse?

The businesses most vulnerable to the corporate debt time bomb include the ailing retail sector.

Dollar Tree (NASDAQ: DLTR) is one of many retailers financing breakneck expansion with debt. Dollar Tree, which owns Family Dollar, accumulated $5.4 billion in debt to open 15,000 stores, Market Mad House reported.

The store could not pay its debts after just one or two seasons of falling sales. In fact, hundreds or thousands of stores across America would close if Dollar Tree’s debt time bomb exploded.

Dollar Tree is far from alone with respect to this kind of difficult predicament. Sears (NASDAQ: SHLD), which lost $424 million in 2nd Quarter 2018, reported debts of $5.526 billion in May.

Sears, which owns Kmart, plans to close 78 stores this summer. The company has already closed 112 stores this year. Many analysts expect Sears to go out of business within two years.

The Retail Apocalypse Is Pretty Much Already Here

Presently, hundreds of retail stores are closing even without the help of the debt time bomb.

Retailers are already in sorry shape, as various chains closed 9,000 stores in 2017, Moneywise estimated. There are at least 27 major retailers shutting down or closing stores this year. In particular, Kmart alone is closing 82 stores.

The Bon-Ton family of department stores is liquidating completely and shutting down 260 stores. Bon-Ton owns the Boston Store, Carson’s, Elder-Beerman, Herberger’s, and Younkers. Consequently, all those brands will disappear.

Supermarket Winn-Dixie is closing 94 stores. Notably, Subway is closing 500 sandwich shops. Rite-Aid is shuttering 600 drugstores. Toys R Us closed all 735 of its stores and shut down completely.

The retail apocalypse might be the event that sets off the debt time bomb. The corporate debt time bomb can trigger an economic meltdown as great as 2008.

All Americans need to prepare to disengage from the financial system. The corporate debt time bomb can wipe out trillions of dollars’ worth of assets and plunge the entire economy into chaos.

You may also enjoy reading an additional Off The Grid News article: “Backing Up” Your Off-The-Grid Finances

What do you think about the debt time bomb that could disrupt Corporate America? Let us know in the comments below.

The post Will The Debt Time Bomb Blow Corporate America Apart? appeared first on Off The Grid News.

This Article Was Originally Posted On Read the Original Article here

Continue Reading

Self Sufficiency

NYC Adds Nearly 4,000 People Who Never Tested Positive To Coronavirus Death Tolls

New York City added nearly 4,000 people who never tested positive for the coronavirus to its death toll Tuesday, bringing coronavirus-related deaths in the city to around 10,000 people.

The city decided to add 3,700 people to its death tolls, who they “presumed” to have died from the virus, according to a report from The New York Times. The additions increased the death toll in the U.S. by 17%, according to the Times report, and included people who were suffering from symptoms of the virus, such as intense coughing and a fever.

The report stated that Democratic New York City Mayor Bill de Blasio decided over the weekend to change the way the city is counting deaths.

“In the heat of battle, our primary focus has been on saving lives,” de Blasio press secretary Freddi Goldstein told the Times.“As soon as the issue was raised, the mayor immediately moved to release the data.”

The post New York City added nearly 4,000 people who never tested positive for the coronavirus to its death toll appeared first on Daily Caller

This Article Was Originally Posted On Read the Original Article here

Continue Reading


The Ultimate Energizer Review – Does It Really Work?


If you’re looking for a review of the ultimate energizer guide then you have come to the right spot because in this exclusive article we’re going to blow the lid off the ultimate energizer once and for all and reveal weather it is the real deal or not.

This brings us to the review of the ultimate energizer guide. This is a program that provides users with classified information on how to build a free energy generator. But can the program really make you achieve this?

does it work? will it be worth your investment, time and energy? all these questions and more are what this review on the ultimate energizer program seeks to help you find answers to.

The ultimate energizer review – is it worth it?

> Click here to get access to the ultimate energizer guide nowultimate

About The Ultimate Energizer guide

The ultimate energizer is your ultimate guide to building your own alternative and portable energy source to power up any of your household appliances including refrigerators and aircon units. It is a very affordable way to having an emergency generator that can help you save more than 50% from your electricity bills without spending too much on other alternative energy source like solar panels or wind turbines which is costly and will also need a lot of space.

The ultimate energizer causes you to be calm about the electricity bill. This well ordered guide shows you how to manufacture this claim “home energy gadget” today impeccably. This will dispose of your energy charge ensured.

It is lost to the earth which means we need to really take care of it in order to reduce the cost of energy bills which introduces the ultimate energizer guide.

About The Ultimate Energizer Creator

The creator of the complete the ultimate energizer guide is steven perkins. He found the journal of the founder of this technology in his home when his father shifted near quebec city in canada.

In this post, we will review the ultimate energizer whose creator claimed to offer a way through which you can generate non-stop current. According to the author, you can drop down your electricity bills by 80%.

Of course the ultimate energizer owners provide resources. But the truth is that you are a master creator. All of them have that talent in us. The only difference is the extent to which it is hidden in each of us.

Features of The Ultimate Energizer

The features of the ultimate energizer guide are as follows:-. This program guide will help you to design a the ultimate energizer generator which will follow the rules of linear induction motor which is built around a track that is orbicular to maintain the smooth motion of rotors that are transportable.

You can find here, a extensive review which highlights all the important features and performance criteria of the ultimate energizer. Use of the the ultimate energizer is very easy since all of the functions can be accessed in a short time; you have complete control over it. 100% money back guarantee shows that the ultimate energizer really works. The ultimate energizer gives full customer support for 7/24/365, also, features, credibility and the ultimate energizer’s ease of use are favorably satisfied by the buyers.

Use it on any electrical appliances from small clocks to big plasma tv screens, refrigerators, and air conditioners. Power the cabins while hiking to the mountains or camping. Other essential features of this complete the ultimate energizer are that it is easy to assemble and does not require a technical background to master engineering.

Pros and Cons of The Ultimate Energizer

I’ve created this  honest ultimate energizer review to help you make a well-informed decision. I’ve tested it myself and now i’m going to share with you all the key aspects you may be interested in: how does it work? is it really so powerful and effective? what are its pros and cons?.

It is non-polluting. It remains popular the ultimate energizer guide pros & cons because it is both a renewable and clean source of energy. Harnessing solar energy is more than a fine idea it’s currently a reality in thousands of homes in a lot of nations around the world.

>> Click here to get access to the ultimate energizer guide now

On the review of the ultimate energizer guide, we will be looking into what exactly the program is all about, the details of the energy generator program, the benefits, pros & cons and our conclusion on the program.

Does The Ultimate Energizer really work?

The device is usable during emergencies. It works without fuels and therefore there are no expected fumes. It is weather proof. Cons of the ultimate energizer. You can only download the program from the official website.

But the ultimate energizer reviews that are available from real users online on platforms like google and youtube seem to confirm that the device does indeed work. So, as per my ultimate energizer review answer to the question is the ultimate energizer legit? is definitely yes.

The ultimate energizer guide. The ultimate energizer is said to work for your home and cut electricity by 82%, guaranteed by tomorrow. The ultimate energizer reviews. It can boost any type of electricity by as much as 5 times.

Advantages of The Ultimate Energizer Program

The program can benefit you in many ways. Below we are listing the advantages of using the ultimate energizer program for generating electricity:. This device will help you save up to 60%-70%, without investing money in solar panels which can cost you a lot of money.

There are additional the ultimate energizer guide program advantages too, including advantages at tax time, so do your homework on what you might have for being a solar power pioneer contributed back.

Why The Ultimate Energizer is Useful?

The ultimate energizer is a complete guide and blueprint. With it, you get everything you need to know to build your own free energy generator. This generator can be completed for less than $50 if you have some tools already. But i remember reading another review of the ultimate energizer, and the guy said he took days. Maybe he was crafty. Then, you assemble it and get it to work.

You will be guided step by step, that anybody who can read can build it. You do not need prior building experience or massive strength; it is that easy. Building the ultimate energizer takes under 4 hours if you are slow and definitely a lot less when you have help.

The ultimate energizer has already changed the lives of over 30,000 families who chose to power their homes using this eco-friendly device. This is definitely a good investment that is worth your time and money and if you think it isn’t after trying it out, you can request for a refund.

Is The Ultimate Energizer a Scam?

The ultimate energizer guide really show you how to power your house and save tremendously, or is this just another overhyped scam? this system was created after its owner decided he wanted to have a home power generating system in case of any crises or disasters.

The ultimate energizer pdf. It does not need any conventional electric power. The ultimate energizer scam. In this program, you can also build more generator and sell for profit. This product can also be incorporated into the automobile to power an electric motor.

All you need is an open mind and a desire to try new things to get a life in the field of freedom of energy. So, what are you waiting for? it’s time to say goodbye to major energy companies and start using the ultimate energizer guide today.

Watch this video demonstration of the ultimate energizer guide put into action


>> Click here to get access to the ultimate energizer guide now

Continue Reading


Better Off-Grid Deal Yet? Good This Weekend Only!

Get Two Pocket Air Pros Worth $99.00 FREE With Your Purchase Of A Pocket Power

Even Better: We’ve also lowered the price of the Pocket Power X. Great Gear, Great Price.

Offer ends on Monday at midnight!

The post <span style="color:#ff0000">Better Off-Grid Deal Yet? Good This Weekend Only!</span> appeared first on Off The Grid News.

This Article Was Originally Posted On Read the Original Article here

Continue Reading