Every Major Market Imploding Risk Of The Past Decade Is Now Concentrated Into This Month: Debt Ceiling Debacle 2.0 Chinaplosion 2.0, And Taper 2.0.

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BofA warns oil could hit $100 this winter and spur crisis

The worldwide energy crunch could push oil prices above $100 a barrel for the first time in years and trigger a global economic crisis, Bank of America warned on Friday.

“[O]il prices could spike and lead to a second round of inflationary pressures around the world,” analysts including Francisco Blanch wrote in a note. “Put differently, we may just be one storm away from the next macro hurricane.”

Government’s Big Mess: Debt Ceiling, Gridlock, Taper & Taxes

They say there’s no bad situation that the government can’t make even worse.And that certainly seems to be the case right now. The government’s extreme intervention has resulted in an economic & financial system now dependent upon ever more stimulus. But suddenly, there are a number of government-created curveballs…

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‘A Perfect Storm’: A Stagflationary Wind Could Blow World Economy off Course

All the problems are in one way or another tangled up in the surge of post-pandemic consumer demand, but taken together they threaten what one leading economist calls a “stagflationary wind” that could blow the global economy off course.

Mortgage Rates Spike Above 3% and Make Refinancing More Urgent for Homeowners

Experts say the end of historically low refinance rates could be near.

Food stamps just got boosted by a record 30%

A huge change has come to the federal Supplemental Nutrition Assistance Program, or SNAP.

Kiyosaki: ‘Biggest Crash in World History’ Hits in October

“HOUSE of CARDs coming down. Real estate crashing with stock market,” Kiyosaki tweeted last week. “China’s Evergrande Group cannot pay. Valuation of properties fake. Will real estate crash spread to US? Yes.”

 

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