The loan that pretends to be paid

Private credit's $2.5 trillion market is hiding distress behind an accounting trick that lets unpaid interest count as income. The math is catching up.

the spend

@gimulnautti

Remember kids, when government creates money, it's evil and inflationary, bit when rich people do it, it is good for everyone.

"what actually happened is a lot capital got created, via the" #leverage #loans

#economy #inflation

By the way most of the #SpaceX ”market cap” valuation is fake.

Most of those #shares will never become available, and an even smaller amount is available for the initial offering.

The market did not just buy SpaceX shares for 2.1$T

But what actually happened is a lot capital got created, via the #leverage #loans that were taken out to buy the 1/20th which became available.

This is ”growth” based on imagination. But the numbers for #interest already got punched in as future income for banks!

Nationwide 'go through your statements' message over payments change

https://fed.brid.gy/r/https://www.mirror.co.uk/money/nationwide-go-through-your-statements-37286504

PayPal and Klarna customers to see major rule change next month

https://fed.brid.gy/r/https://www.mirror.co.uk/money/paypal-klarna-customers-see-major-37273598

Airlines facing high jet fuel costs can now get millions in loans in Canada
The new federal government program will let airlines borrow up to $150 million each, said Finance Minister François-Philippe Champagne.
#Canada #Consumer #airlines #FuelPrices
https://globalnews.ca/news/11895157/airlines-jet-fuel-costs-loans-canada/
Airlines facing high jet fuel costs can now get millions in loans in Canada
The new federal government program will let airlines borrow up to $150 million each, said Finance Minister François-Philippe Champagne.
#Canada #Consumer #airlines #FuelPrices
https://globalnews.ca/news/11895157/airlines-jet-fuel-costs-loans-canada/
Airlines facing high jet fuel costs can now get millions in loans in Canada
The new federal government program will let airlines borrow up to $150 million each, said Finance Minister François-Philippe Champagne.
#Canada #Consumer #airlines #FuelPrices
https://globalnews.ca/news/11895157/airlines-jet-fuel-costs-loans-canada/

One third say 'not worth the money' in new student loan update

https://fed.brid.gy/r/https://www.mirror.co.uk/money/one-third-say-not-worth-37241177