This is not time to be complacent when everybody else is. Markets are ‘greedy’ in 2018 when they should be like Steve Carell’s character in ‘TheBigShort’= skeptical

Fund positioning at extreme bullish levels, anemic late summer trading volumes EM risks, high VIX short trade and double top potential formation mean this is not time to be complacent when everybody else is 💤. Remember, computers drive 70% of trading pic.twitter.com/jZ9FZ4huJI — M/1_LP (@MI_Investments) August 13, 2018 Markets are 'greedy' in 2018 🙈🙉🙊 when … Read more

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 $TRYUSD pic.twitter.com/eWG94Ne7nd — Alastair (@StockBoardAsset) August 13, 2018 The US equity market response takes me … Read more

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 of Democrats polled by Gallup have a favorable view of socialism, while just 47 percent … Read more

Massive RIOTS all over Sweden – Mass unrest happening right now, youth gangs setting cars on fire and attacking police in several different cities at the same time.

80 fires in different cities, planned attack by people dresses in black. They are using homemade bombs. Nobody knows why they are doing it.   Swedish Police has now issued a statement on the riots tonight, here’s the highlights. – Unrest in 8 different areas – Some 90 cars have been destroyed / damaged – … Read more

Is It Time for Judicial Reform?

by Martin Armstrong Trump really needs to clean house when it comes to the judicial system. It is just totally out of control and they have long held themselves above the law. The majority of judges outright deny human rights in America, civil rights, and ignore the Constitution when it suits them. Trump needs to … Read more

Romanians Out Again over Government Corruption

by Martin Armstrong Once again, tens of thousands of Romanians have taken to the streets demanding the end of corruption in government. At least 450 people were injured in clashes with the police who are still defending the government against the people. We are looking at a worldwide epidemic of corruption in government that has known no … Read more

That Escalated Quickly: The Emerging Market Currency Crisis Of 2018 Threatens To Destabilize The Entire Global Financial System

by Michael Snyder We haven’t seen emerging market currencies crash like this in over a decade, and analysts are warning that if this continues we could witness a devastating global debt crisis.  Over the past decade, there has been an insatiable appetite for cheap loans in emerging market economies, and a very substantial percentage of … Read more

Ultra-Wealthy Elitists Are Having Their Brains Frozen So That They Can “Come Back To Life” 100s Of Years In The Future

by Michael Snyder If you could live forever, would you do it? Throughout history, money has allowed the elite to buy just about anything they want – except an escape from death. Many super-rich individuals are deeply haunted by the knowledge that they have spent their lives working incredibly hard to accumulate vast amounts of … Read more

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 its weakest level since October 2015 *India rupee, implied Currency Volatility Surges 10% *India rupee … Read more

Ford Reveals “The Largest Floor-Plan Financing Fraud In The History Of The US”

by stockboardasset Ford Motor Credit Company LLC (“Ford Credit”) filed additional court documents with the Northern District of Texas last week, claiming Reagor-Dykes Motors, LP and other related Debtors entities ran “the largest floor-plan-financing frauds in the history of the United States.” Ford Credit is asking the U.S. Bankruptcy Court to appoint a trustee to manage the … Read more

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 are respected]." pic.twitter.com/uxstKtiHsk — Alana Mastrangelo (@ARmastrangelo) August 13, 2018 Italian Interior Minister warns EU: … Read more

Why Turkey’s Bubble Economy Is About To Pop

by Jesse Colombo Though Turkey’s financial markets have been struggling since the start of this year, the country’s currency and government bonds have been in an all-out freefall in the past week. A political clash with the United States caused the lira to lose approximately one-third of its value against the U.S. dollar in the last week … Read more

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. But this is what it looks like when the system starts melting down or up. … Read more

Chart Of The Day: Australia’s Record Household Debt Is A Ticking Time Bomb

by stockboardasset The Australian household debt to income ratio has ballooned to shocking levels over the past three decades as Sydney is ranked as one of the most overvalued cities in the world. According to the Daily Mail Australia, credit card bills, home mortgages, and personal loans now account for 189 percent of an average Australian household income, … Read more