Massive Inflection Point Headed Our Way, Will This Lead To A Crash This Fall


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

BOJ Asserts Control Over Rising Yields With Purchase Offer

BloombergQuint11 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
Reuters7 hours ago

EU Rescue Fund Approves 8.5 Billion-Euro Aid Payout for Greece

Bloomberg34 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 …

Alberta’s debt grew to $33.3B in 2016-17

Fort Saskatchewan Record19 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.

Hartford Hires Restructuring Firm as Fiscal Strains Build

Bloomberg17 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, ..

In America’s Richest State, the Capital Flirts With Bankruptcy

Bloomberg4 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 …

Deficit-ridden Pennsylvania warned of another hit to credit

The News Tribune20 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.

Wall Street agency looks at CPS finances ‘for a potential downgrade

Chicago Tribune14 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 …

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