The gap between implied FX vol for EM (surging) and G7 (still subdued) is extreme, only observed a couple other instances in the last 18yrs

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“How stressed are emerging mkts vs developed mkts? The gap between implied FX vol for EM (surging) and G7 (still subdued) is extreme, only observed a couple other instances in the last 18yrs; How will it correct? Probably some combo of lower EM & higher G7 FX vol,” @rich_fran h/t @StockBoardAsset  Turkey had $78b in FX … Read more

THESE Are the 10 Worst Cities On Earth!

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What do YOU think is the “best” city on earth, in your experience? Today there is so much inequality, so much poverty, and very little chance that this won’t continue to get worse. The root cause of this issue will never be resolved because the average person was never told and unless they start digging, … Read more

BORAT Star Sacha Baron Cohen FAILS MISERABLY when Top Trump Adviser Doesn’t Fall For His Prank Show

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https://www.youtube.com/watch?v=nYvZdBBQWwA Jack Davis for the Western Journal reports, Corey Lewandowski left Sacha Baron Cohen flailing Sunday night as the comedian tried to get President Donald Trump’s former campaign manager to make a fool of himself. Read More/Source/Credit/FairUse: https://www.westernjournal.com/corey-…

Sidebar banner advertising

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Ad formats: Banner Ads Location: Bottom of right sidebar for sponsored links Top right sidebar for banner ads. The number of ads that is available at this time: 10 Cost – The rate is $500 for regular sites or $750/month for gambling related. A hyperlinked image (300×250) Rate is not negotiable. Adult content site not … Read more

Are Commodities Sending Global Macro Message To Investors?

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by Chris Kimble Commodities are becoming a hot topic… and an important investing theme. With the US Dollar coming back to life, commodities have pulled back. And that pullback now has the “equal weight” complex in trouble. Below is a chart of the Thomson Reuters Equal Weight Commodity Index. The green shaded area represents a 20-year rising channel … Read more

Junk Bond 12-month divergence matter this time?

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by Kimble Charting CLICK ON CHART TO ENLARGE Above compares the Pimco High Yield Fund (PHDAX) to the S&P 500 over the past 20-years. Junk bonds diverged from the S&P 500 for nearly 24-months, prior to stocks peaking in 2000. Junk bonds diverged from the S&P 500 for nearly 7-months, prior to stocks peaking in 2007. Junk bonds have been … Read more

The U.S. has gone from a big-time net importer of oil to a small-time one. The latest base-case forecast from the EIA is that it will be a “modest net exporter” from 2029 through 2045.

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The report says the US will be a net exporter of oil until at least 2049, never thought I’d see the day. https://www.eia.gov/outlooks/aeo/pdf/AEO2018.pdf   The oil market has changed a lot over the past decade. Here, for example, is the latest data on U.S. imports and exports of crude oil and petroleum products, released by the Energy Information Administration at … Read more

Government Announces Major Errors in Official Economic Stats “From January 2011 to June 2018”

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Official US government statistics currently count only 12% of the able-bodied, unemployed adult workforce as “unemployed.” Been out of the workforce for over 6 months because you can’t find a job? Congratulations! You’re no longer “unemployed”! And oh yeah, we also totally screwed up our own rigged calculations for the past 7 years. https://www.bls.gov/bls/errata/jolts-errata-06122018.htm  

Who Bought the $1.36 Trillion of New US National Debt over the Past 12 Months?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Russia, Japan, and the Fed dumped, China hung in there…. But who bought? “Official” foreign investors – this would be central banks, governments, etc. – and private-sector foreign investors held $6.21 trillion of US Treasury Securities at the end of June, up by $61 billion from a year earlier, according to … Read more

5 Signs That Global Financial Markets Are Entering A Bear Market, And 11 Ways That You Can Get Prepared For The Chaos That Is Coming…

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by Michael Snyder  We haven’t seen carnage like this in the global financial marketplace in quite some time.  On Wednesday, U.S. stocks were down some, but things were much, much worse around the rest of the world.  Global banking stocks are plunging, emerging market stocks are cratering, and emerging market currencies continue their stunning decline.  This represents … Read more

‘Time to get contrarian’ on gold

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From Frank Holmes at Frank Talk: Gold can’t seem to catch a break. The yellow metal normally acts as a safe haven in times of political and economic strife, but in the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar. On Monday, the stronger greenback pushed gold to end below … Read more

Brandon Smith: The Central Banks Are The Real Culprit For The Latest Economic Contagion

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by Brandon Smith of Alt-Market The mainstream news has been awash lately in talk over the danger of economic “contagion,” primarily due to lack of dollar liquidity in emerging markets. This lack of liquidity is being pegged as a trigger for instability in stocks, bonds and forex markets around the world, and this time around it is the … Read more

Copper enters a bear market, raising red flag about a possible global economic slowdown

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Copper futures for September delivery fall to as low as $2.552 per pound, their lowest level since June 2017. Disappointing Chinese data and a strong dollar are among the factors pressuring the industrial metal. Tom Essaye, founder of the Sevens Report, says copper’s decline could also signal a volatility spike in risk assets like equities. … Read more