Silver flash crash, was it a glitch or was this manipulation gone crazy. June employment number are in and once again they are manipulated to make everyone believe the economy is doing well. Jobs added came from government, food and retail, so jobs added were part-time. Business and consumer are declaring bankruptcies has the economy breaks down. Junk bonds are signalling the end of a credit cycle. BofA is now predicting using their models that the market is going to crash this fall.
Consumers and Businesses Buckle under their Debts
Ray Dalio Says Central Banks Are Closer to Getting It Wrong Now
BofA: “Massive Market Inflection Point Coming This Summer: Will Lead To Fall Crash”
Europe’s stock markets CRASH: 3-month low over Euro Bank’s support withdrawal
BloombergQuint–11 hours ago
The BOJ is acting after German bonds and Treasuries led a global debt selloff … while maintaining an annual bond purchase target of around 80 trillion yen.
Bank of Japan offers to buy unlimited amount of bonds to calm markets
Reuters–7 hours ago
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Bloomberg–34 minutes ago
Out of the 8.5 billion-euro payout, 6.9 billion euros will go toward debt servicing, and 1.6 billion euros toward the repayment of money owed by the state to …
Fort Saskatchewan Record–19 hours ago
Alberta racked up a $10.8-billion deficit in the 2016-17 financial year and is now $33.3 billion in debt, according to government figures released on June 29.
Bloomberg–17 hours ago
Hartford’s tax base of about $4.1 billion is about two-thirds that of neighbor West … been delaying its fiscal reckoning by pushing debt payments into the future, ..
Bloomberg–4 hours ago
As for Connecticut, it faces a projected two-year deficit of $5 billion that … The city has $672 million in debt, including $228 million of uninsured bonds, according …
The News Tribune–20 hours ago
… as lawmakers tussle over how to pay for a $32 billion spending package. … every $1 billion that is borrowed, including when the state goes to refinance debt.
Chicago Tribune–14 hours ago
A downgrade of the district’s debt could have costly consequences. CPS this week announced it is pursuing the sale of $250 million worth of long-term bonds …