BIS: The situation in the global economy is similar to the pre-2008 crash era… 'WORSE THAN 2007': Top Central Banker warns of looming wave of worldwide bankruptcies

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Financial markets could be over-heating, warns central bank body Bank for International Settlements’ quarterly health check warns global economy resembles era just before financial crash Investors are ignoring warning signs that financial markets could be overheating and consumer debts are rising to unsustainable levels, the global body for central banks has warned in its quarterly … Read more

The Dow Is Currently Meeting 2 Important Trendlines, One Dating Back 7 Years Of This Bull Market

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by SpontaneousDisorder The market has drawn these out. I think the combination of rallying to meet these lines with the tremendously overbought technical condition of the stock market makes this important. This chart shows parallel trendlines for the middle portion of this bull (wave 3) although wave 5 (within this wave 3) didn’t manage to hit … Read more

Fed Is In Trouble! It Wants To Cool Financial Markets And The Economy But Can’t Control Financial Conditions… This Time IS Different—Except For 1929!

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Fed is in trouble It wants to cool financial markets and the economy but can’t control financial conditions – @ Johnny Bo Jakobsen?     ECB warns of possible global market correction after excessive risk-taking The European Central Bank (ECB) warned Wednesday that despite the improved economic growth in the euro area there are concerns related to a … Read more

Current Stock Market Looks EXACTLY Like Financial Crisis and Dot-Com Charts! PARABOLIC Stages Could Be Here!

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People fall into the same patterns in their daily lives. Habits form very easily. As habitual creatures, we look for patterns which we can align with and feel comfortable. In the stock market, investors, and algorithms, trading on investors behalf, look for these patterns which suit them, and bet on it. This just happens to … Read more

Bitcoin Is A Speculative Asset, Not A Currency—This Explains The Volatility

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by Spencer P Morrison, NEE Bitcoin Loses Over One-Fifth Of Value In Under 24 Hours—Why is Bitcoin so Volatile? Reuters reports that Bitcoin lost over 20 percent of its value within the last 24 hours, sliding from Wednesday’s high of $11,395 down to a low of $9,000 in volatile trading on Thursday.  Prices recovered slightly towards the … Read more

Rents Plunge in the Most Expensive US Cities

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But many mid-tier markets are red-hot. In San Francisco, the most expensive major rental market in the US, the median asking rent in November for one-bedroom apartments, at $3,390, is up 1.8% year-over-year, but is down 7.6% from the peak in October 2015. The median asking rent for two-bedroom apartments, at $4,380, … Read more

Trump's Gravest Mistake

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by Daniel Carter Trump continues to make a mistake so costly that it could relegate him to the title of worst president of all time. Let me say first, if you are a Trump supporter, I am not your enemy. I am generally indifferent toward Trump and want the United States to succeed no matter who … Read more

Why The US Map Could Look Radically Different In 15 Years

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by Daniel Carter The United States has been consistently gobbling up new territory for the last 241 years. Ever since the founders declared the 13 colonies independent from Britain, the US has acquired its 50 states through clever land deals and plunder. The current US map does not even include the 16 territories and hundreds of … Read more

How The Soviet Union Won The Cold War

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by Daniel Carter After World War II, the victors began a mission to mold the world in their own image. However, the images of the United States and the Soviet Union, the two most powerful and influential countries after WWII, were the antithesis of each other. The United States was intent on spreading the principals of … Read more

Kate’s Law Killer Judged Innocent – A Mockery

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by Mark Angelides When Kate Steinle was killed whilst walking on San Francisco’s pier 14 back in 2015, the ensuing case engulfed the nation in a debate rarely seen: What should happen to deported illegal immigrants if they try and re-enter the country? Yet the verdict has just come in, and will likely be even more … Read more

The Last Time THIS Happened, It Was 1929! These Anomalies Create the Perfect Storm!

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It’s not normal for everything to rise at the same time. Market intervention has resulted in central bankers becoming the owners of the world. Literally. They’re buying up every asset while posing as the saviours. In your opinion, do you believe that things will turn around, central banks will lose their power, and the citizens … Read more

The Dow Peaked At 14,000 Before The Last Stock Market Crash, And Now Dow 24,000 Is Here

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By Michael Snyder The absurdity that we are witnessing in the financial markets is absolutely breathtaking.  Just recently, a good friend reminded me that the Dow peaked at just above 14,000 before the last stock market crash, and stock prices were definitely over-inflated at that time.  Subsequently the Dow crashed below 7,000 before rebounding, and … Read more