Goldman’s bear market indicator is at a rare 73 percent, its highest level since the late 1960s and early 1970s. At such levels, the tool predicts a zero average return over the next 12 months and a “substantial” risk of drawdown. The indicator is “flashing red,” wrote Goldman chief global equity strategist Peter Oppenheimer. “Historically, … Read more
via Yahoo: Fund managers haven’t been this bearish about the global economy’s outlook since November 2008, according to the latest Bank of America Lynch survey of global fund managers, an important measure of investor sentiment. According to the survey, 44% of the fund managers expect global growth to decelerate in the next year, the worst … Read more
via marketwatch: Fewer people expect to be able to buy a home, but the majority say they’ll keep trying the same approach Only 13% of Americans say they plan to buy a home within the next 12 months, marking the third straight quarter in which fewer people expect to become homeowners. That statistic comes from the … Read more
by Michael Snyder The pace at which things are changing is shocking the experts. Just a few months ago, many of the experts were still talking about how the U.S. economy was “booming”, but since then a major shift has taken place. Most of the headlines have been about the huge stock market declines that we have been … Read more
https://www.youtube.com/watch?v=7i6vZ2FN8hs New Zealand, Australia, Canada, Singapore, Mexico and Japan will fall under TPP Federal Government from 30 December.
Migrants in Caravan have a serious sense of entitlement (Link to relevant material below) https://www.cbc.ca/news/world/caravan… https://www.reuters.com/article/us-us…
Canada’s housing market is imploding, growth is slowing and it will eventually go negative like it did back in the 80’s. Caterpillar once again is reporting weakening sales. The manipulation is coming to an end. Conspiracy no more for gold. JP Morgan trader turns states evidence and points to others. This is not just a … Read more
Authored by Terence Jeffrey via CNSNews.com, The Census Bureau has released new data that strengthens the case for calling the current generation of American children “The Welfare Generation.” Among American residents under 18 years of age in 2017, according to the Census Bureau, 51.7 percent lived in households in which one or more persons received benefits … Read more
by Geoffrey Grider In her speech, which was about the future of the EU, Merkel said: ‘What is really important, if we look at the developments of the past year, is that we have to work on a vision of one day creating a real, true European army. She said the new army would work … Read more
via dailyreckoning: I’m in Dublin, Ireland, today, where I was honored and humbled to receive a writing award from Trinity College. It’s my job to continue pointing out the risks to the financial system that we still face and to try to help people prepare for the next crisis. Of course, central banks are a big … Read more
by Chris One of the main points of overnight futures heavy lifting has to be to help Wall Street firms and other entities sell their unwanted product to somebody else. Going by the euphemisitcally polite name of “distribution” this is really the transfer of a hot potato from smart hands to less smart hands. This … Read more
How to Prepare for the Next Market Crash. Patrick Bet-David shares the importance of being ready when the market crashes and eight ways you can prepare for it.
by ogordained UNITED STATES A strengthening dollar is weakening the outlook of corporate earnings The Bear/Bull Market Index might be signaling the end of a long bull market Small banks are experiencing an uptick in credit card delinquencies, sending rates higher Despite low gas prices, truckload hauling rates have skyrocketed Futures point to a higher opening today OTHER Defense stocks and REITs are benefiting from a semiconductor selloff spurred by anticipated weak … Read more
by badpauly This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. In fact, since … Read more
China’s financial condition weakened in October, pointing to a further deceleration in the world’s second-biggest economy amid the trade war with the United States. While Beijing has been pressing the country’s banks to boost lending to the “real economy”, newly granted loans nearly halved to 677 billion yuan (US$97.32 billion) in October, from 1.38 trillion … Read more
By Nick Cunningham Canadian oil prices briefly plunged as low as $15 per barrel last week, after a U.S. federal judge blocked the construction of the Keystone XL pipeline. Canada’s oil industry has lurched from pipeline crisis to pipeline crisis, with projects blocked at every turn. Just a few months ago, the Trans Mountain expansion – a proposed … Read more
The left used to applaud those who avoided the draft but now cracks jokes about Trump not apparently wanting to go get shot at in a jungle. They’ve exported this “logic” to his cancellation of a visit to Arlington Cemetery.
by John Rubino Back in 2104 oil was falling and hundreds of billions of dollars of energy junk bonds and leveraged loans looked to be at risk. Wolf Street had this to say at the time: Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults Next The price of oil has plunged nearly … Read more
via visualcapitalist: Copper’s special relationship with electricity has been apparent since ship designers first regularly began installing copper to protect the masts of wooden ships from lightning in the early 19th century. Today, of course, you might be more used to seeing copper’s electrical applications through the use of power lines, telephone wires, and wiring in … Read more
by Kimble Charting CLICK ON CHART TO ENLARGE This 4-pack looks at the DJ Home Construction, Banks, Junk Bonds and the S&P 500, highlighting that bearish divergences took place in 1999 and 2007 at each (1). These assets were sending bearish topping messages “BEFORE”the tops in 2000 & 2007. Looking at this year, each asset has been … Read more
by John Ward In negotiating with Brussels, the Prime Minister’s EU-loyal Cabinet and Whitehall cabal have employed one central tactic over the last twelve months: to leave every ordinary British citizen completely confused, bamboozled and exhausted to the point of apathy on the subject of Brexit. The Slog offers the antidote to that cynical snake-bite, and … Read more
Road To Roota, Released on 11/13/18 There should be no doubt that the Conspiracy to rig the precious metals market by the Western Banking Powers is totally and completely TRUE…so expect the worst until they are removed! Bix Weir has 30 years’ experience in the financial industry with various fortune 500 companies. He is the … Read more
by Bill Bonner YOUGHAL, IRELAND – “The whole thing is a giant fraud,” was perhaps too much for an unprepared audience to take on. Your editor, in trying to explain why the U.S. money is “fake,” had perhaps bitten off more than he could chew… at least in the context of a panel discussion in Ireland … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Outlook has deteriorated even more for the Eurozone than for Germany.” While the trade disputes between the US and China loom large for Germany’s export-dependent economy, the developing malaise is broader. The German stock index DAX has dropped 15.4% since the end of January, even after today’s 1.3% gain. “Negative growth” in GDP … Read more
by Chris I follow oil very closely, and I cannot remember any market carnage like this before. Even forgetting the 14 days down in a row (a record), today’s -8% spanking had better be some sort of major capitulation. Obviously there’s a ton of shale drillers out there whose unhedged production revenue projections just got … Read more