Building blocks of Bubble #3, since 2009:
Corporate Buybacks: $5T
US QE: $3.7T
Global QE: $15-20T (includes China)
China debt: $7T–>$40T
Total global debt now 318%-to-GDP; interest alone negates all future GDP growth; Corp debt at record; consumer debt at record.
0% rates pic.twitter.com/4aFiuUI0Wm— M/I_Investments (@MI_Investments) October 29, 2019
Steepest rise in auto loan spread since the Great Recession.
Meanwhile, delinquency rates continue to rise. pic.twitter.com/oM9mZNA178
— Otavio (Tavi) Costa (@TaviCosta) October 28, 2019
And looking like it has put in a massive top. As we break support levels, the question becomes, who’s holding what as loses could be significant. Expect liquidity issues and Repo problems to accelerate into year end https://t.co/2xDgbhSAXl
— Brian Brantley (@investentropy) October 29, 2019
Here we are those banks who passed every tests https://t.co/S6UhivejSl
— The Insider Trader (@AlessioUrban) October 29, 2019