For perspective put this together with various charts #10yearYields & $spx posted by @HenrikZeberg @OccupyWisdom & @StockBoardAsset aligned for time axis…also added in yellow the current GS bull/bear reading pic.twitter.com/ZMj8fpDw4l
— mcm-ct.com (@mcm_ct) October 7, 2018
WE ARE NOW HERE#Fed #QT #StockMarket pic.twitter.com/z9vlaBPoPO
— OW (@OccupyWisdom) October 7, 2018
It’s a very big deal. M1 has stopped growing. https://t.co/iQyAXVL0Ab
— hks55 (@hks55) October 7, 2018
#GoldmanSachs $GS Bull/Bear Market risk indicator is now at 76%. Highest in (5) decades.
(Avg. percentile (in US) for ISM, slope of yield curve, core inflation, unemployment and Shiller P/E
Via @JackPScott pic.twitter.com/pyW4kNNzL9
— OW (@OccupyWisdom) October 7, 2018
as the global bond market loses $800 bln last week, the massive spread between $SPX & Shanghai Index is incredibly scary pic.twitter.com/Eo1WOD75dY
— Alastair Williamson (@StockBoardAsset) October 6, 2018
US housing market faces more pain on rising rates pic.twitter.com/EHH1TWc30H
— Alastair Williamson (@StockBoardAsset) October 6, 2018
Despite rising yields, probability of recession is low.
However, it was also low just before the last recession.
97% of consensus economists didn't see the last recession the quarter before it started.
Even worse, 77% didn't see a recession when it was already happening! pic.twitter.com/VaFcDoRm0c
— Daniel Lacalle (@dlacalle_IA) October 6, 2018
"Informed disregard" – Despite the largest number of classic top features in over 70 yrs week of Sep 20, even adherents can't imagine a peak. They say "Totally agree with Dr. Hussman, tho the bull will continue till next year, then…" I recall identical comments in 2000 and 2007 pic.twitter.com/78yYKP94Lk
— John P. Hussman (@hussmanjp) October 6, 2018
Stan Druckenmiller sees ‘massive’ debt fuelling next financial crisis
New York | Billionaire investor Stan Druckenmiller says the next financial crisis will be worse than the last due to soaring levels of debt.
“We have this massive debt problem,” Druckenmiller said an interview with Kiril Sokoloff, chairman of 13D Global Strategy & Research.
“We tripled down on what caused the crisis. And we tripled down on it globally.”
Druckenmiller joins a growing list of Wall Street financiers and money managers who have predicted debt will trigger a crisis.