Margin debt in July declined for the first time in 16 months… A lot of gamblers are getting milked dry.

Margin debt in July declined for the first time in 16 months.https://t.co/s0aPU2A2IE

In the chart below I show the length of time it took for margin debt to recover its prior high after each major decline (Y2K, 2008, 2015, 2020): pic.twitter.com/8aEyqEFZGu

— Mac10 (@SuburbanDrone) August 12, 2021

While the burden of truth remains on us skeptics of Ponzi schemes, a lot of gamblers are getting milked dry. What that's good, is not for me to say.

The magnitude of risks right now equals the culmination of ALL past ignored risks on debt, valuation, technicals and economics. pic.twitter.com/g44ahvKlfA

— Mac10 (@SuburbanDrone) August 12, 2021

The number of new Nasdaq lows at an S&P 500 all time high is at a 20 year high:

The noose is tight. pic.twitter.com/RzJ5X1jhWE

— Mac10 (@SuburbanDrone) August 12, 2021

Latest money velocity for Canada, as of May 2021 pic.twitter.com/fSrWFwtbq9

— Brian Chang (@CrusoeEconomics) August 12, 2021