The energy sector is starting to price in a global slowdown#OOTT pic.twitter.com/2t3oWGO2PO — Daniel Lacalle (@dlacalle_IA) August 16, 2018 The Emerging Market Sudden Stop: 1. Build massive fiscal and trade domestic imbalances because “we have margin”2. Mirage fades. Capital flights.3. …
“How stressed are emerging mkts vs developed mkts? The gap between implied FX vol for EM (surging) and G7 (still subdued) is extreme, only observed a couple other instances in the last 18yrs; How will it correct? Probably some combo …
by Doug Kass Peak Housing, Peak Autos, a Pivot in Monetary Policy Spell Peak Global GDP and an Economic Slowdown in late 2018 and in 2019 Watch the Fixed-Income Markets (and the flattening yield curve) That Are Providing the “Tell” …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Russia, Japan, and the Fed dumped, China hung in there…. But who bought? “Official” foreign investors – this would be central banks, governments, etc. – and private-sector foreign investors held $6.21 trillion of US Treasury Securities …
Copper futures for September delivery fall to as low as $2.552 per pound, their lowest level since June 2017. Disappointing Chinese data and a strong dollar are among the factors pressuring the industrial metal. Tom Essaye, founder of the Sevens …
by Fabius Maximus Summary: This is a picture of modern America politics, a summary of my scores of posts describing how both Left and Right have turned against us. We can still regain control, but the clock is running. “… the …
From Birch Gold Group No surprise to anyone, the United States is in debt. Of the last 64 years, the U.S. has run a budget deficit for 62 of them. According to Newsmax, it seems like 2018 will be a year of …
by jessefelder Over the past few weeks the Nasdaq has triggered a total of five Hindenburg Omens. As I wrote back in November, the last time the Nasdaq saw a cluster of signals like this, “The ‘Hindenburg Omen’ was developed by Jim …
via pewresearch: On the face of it, these should be heady times for American workers. U.S. unemployment is as low as it’s been in nearly two decades (3.9% as of July) and the nation’s private-sector employers have been adding jobs for …
by stockboardasset China and Russia recently announced a new age of diplomacy between the two countries, at a time when President Trump is targeting both with precision-guided economic warfare. China finds itself reeling under trade disputes with the US, as the …
The cryptocurrency market is seeing angry shades of red this week. On Tuesday, the 20 largest cryptocurrencies by market cap all fell by 4% to 10%, with ether, token of the smart contracts platform Ethereum, taking the biggest hit, down to …
by John Ward As bond rates widen between Berlin and Rome, ECB boss Mario Draghi faces a damned-if-you-do-or-don’t moment. Either he reverses direction on the QE wind-down, or he offers the bond markets some serious reasurance about the Italian default outcome. …
Cash Wildfire Spreads Among Young Tech Companies It’s time to get real about the financial fragility of young technology companies. Far too many are living beyond their means, flirting with disaster and putting their investors at risk. Bloomberg Opinion examined …
by Thinker ‘Anti – Trump Texts’ FBI Agent Peter Strzok Testifies before House Oversight committees on Russia Probe, and the man who blamed the American people? Trey Gowdy can finally see some of the corruption that he has shown the …
https://www.youtube.com/watch?v=obudCwPDjJY Rapefugees won’t stop peeing on historic Parisian streets. The city’s solution: Open sidewalk urinals. Parisian leaders are trying to tackle a problem that is evident to anyone who’s ever tried to catch a glimpse of a historic site in a …
via @OccupyWisdom : 1/ The majority of “professionals” have not operated in increasing an #interestrate environment 2/ Many “professionals” are just #algos programmed only for the last 30 years of data; all during declining interest rates and “modest” #inflation 3/ Many …
By Harry Dent I enjoyed two recent articles by Andrea Riquier at MarketWatch. The first was “The new housing play: helping priced-out renters become long-distance landlords.” It was a strategy aimed at people living in unaffordable areas – like San Francisco, Los …
h/t @MI_Investments Investors haven’t been this bullish on U.S. stocks since 2015 Overweight positioning is sign returns may have peaked: BofA America most popular equity region for first time in 5 years All of the monetary aggregates have slowed substantially, …
by Sporz Cash CDO Were these individuals betting against the entirety of the bonds, or only the lower tranches? They bet against upper tranches too, because those were also too highly rated. In fact often with CDOs you can’t bet against …
In the best-case scenario, Alibaba is the goofiest, most convoluted, opaque, mismanaged accounting mess and business structure in history. By Deep Throat IPO: Well, here we go folks. They’ve done it again. The Alibaba Accounting Department, after a couple of fits …
For More Information See: https://www.cruz.senate.gov/?p=press_… https://www.washingtontimes.com/news/…
https://twitter.com/OccupyWisdom/status/1029339254030299136 What we have witnessed in Emerging Markets is simply a continuation of what we saw with Equity Vol and very briefly in Italy. It is also the part of the same thing as the Crypto and Chinese equities corrections. …
by SpicyMussolini For the past nine years, the equities market has seen one of the best percent gains since the Bull Market of 1948-1969. Corporate taxes are low, GDP growth is strong, and joblessness well below the Natural Rate of …
Let me know what city you think prices are WAY too high? (Compared to wages) Look around the U.S. and the rest of the world. Chances are that housing is so unbelievably expensive that the average household is facing an …
by OfficialHavik Usually the first sign of a downturn is when default rates for various kinds of debt rise (credit card, auto loan, etc.). Here’s an article from the NYpost talking about it. https://nypost.com/2018/08/11/more-americans-are-defaulting-on-their-credit-cards-analyst/ Despite a booming economy, many …
via @OccupyWisdom : The #CPI #inflation number (obviously it’s much higher) is 2.90% And…the 10 year #treasury is at 2.87% So…after loaning #money for ten years, you end up with a negative rate of return. Then you have to pay #taxes on …
Fund positioning at extreme bullish levels, anemic late summer trading volumes EM risks, high VIX short trade and double top potential formation mean this is not time to be complacent when everybody else is 💤. Remember, computers drive 70% of …
https://twitter.com/KyleKovacovsky/status/1029084819639087105 H O L Y S H I T–> "The emerging market foreign exchange basket just witnessed its largest 4D drawdown since Lehman. That’s -5.3% being a 5.2% standard deviation move over a ten year period," h/t @Convertbond #Lira $USD …
by MadUnit So the big sugar companies stopped FL’s natural watershed and now creating huge algae blooms in FL killing almost all the the waterlife. I would not have know about it if I didn’t have family in FL. If …
from Financial Survival Network John Rubino is back… There’s a number currencies that are currently dissolving. Argentina, Venezuela, Iran, Pakistan and Russia. The Yuan has been plunging and the dollar has been rising. It’s hard to understand the irrationality of it all. …