Summer of ’97? The SPX jumped 6% in the month after the baht took its bath…. EM is the canary for U.S markets. It’s going to be swift and violent

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 …

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Democrats are giving up on capitalism

Watch the latest video at foxnews.com According to a Gallup poll released Monday, more Democrats view socialism positively than they do capitalism – a development that comes amid the popularity of Democratic socialist candidates in the midterm elections. Fifty-seven percent …

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Warning: Largest 4D Drawdown Since Lehman

via The Bear Trap Report *LIRA DROPS TO NEW RECORD AS TRUMP STEPS UP TARIFFS ON TURKEY *TRUMP AUTHORIZES DOUBLING OF TARIFFS ON TURKEY STEEL, ALUMINUM *USD/ZAR SURGES 2.1% TO 14.3829, HIGHEST SINCE NOVEMBER 2017 *Indonesian rupiah, the currency at …

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Italy Has Their Trump

by Jim Quinn Matteo Salvini: "I want to know who’s financing it—where is this money coming from? Who is going to lead the prayer? I want names—I will not give even half a square meter of space [until these rules …

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John Rubino – Things are getting crazy…There’s a number currencies that are currently dissolving. Argentina, Venezuela, Iran, Pakistan and Russia.

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. …

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The Recession 2019

via Charles Gave While the Trump administration may crow endlessly about how swell the economy performed last quarter, that 4.1% GDP print will quickly become a wistful memory.” -BERNARD BAUMOHL, Economist at the Economic Outlook Group Towards the tail-end of July, …

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