BlackRock says we’re all doomed. It’s being optimistic. The world’s largest asset manager has forecast systemic economic chaos.

via opendemocracy: The working assumption, for governments and central banks across the world, is that at some point soon everything will get back to ‘normal’ – our economies will return to either pre-pandemic or, sometimes, even pre-2008 crash levels. These beliefs …

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The Bubble Economy’s Credit-Asset Death Spiral

by Charles Hugh-Smith Who believed that central banks’ financial perpetual motion machine was anything more than trickery designed to generate phantom wealth? Central banks seem to have perfected the ideal financial perpetual motion machine: as credit expands, money pours into risk assets, which shoot higher …

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Why market fireworks soon….

by mark000 Surge in Real Rates Hits Every Asset on Wall Street and Beyond Excerpts: A big pandemic-era distortion in the world of finance is well and truly over — and the new normal is helping fuel the worst cross-asset selloff …

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China is home to the world’s biggest asset class and world’s largest debt bubble. Both are rotten and collapsing.

by Boo_Randy 🚨🚨 GRAY RHINO 🚨🚨 China is home to the world's biggest asset class and world's largest debt bubble. Both are rotten and collapsing. China's property crisis explained 👇👇https://t.co/FViENOzh2n — TheLastBearStanding (@LastBearStandng) July 15, 2022 China’s credit market is …

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This is what asset deflation looks like… The economy is melting down fast!

https://twitter.com/MFHoz/status/1547577863368425475 https://twitter.com/MFHoz/status/1547873218052050950 https://twitter.com/MFHoz/status/1547295051977555970 https://twitter.com/MFHoz/status/1547315706458505218 Republican economic expectations lowest on record. Democrat expectations lowest under Biden's presidency pic.twitter.com/Zdl6HSfCyH — zerohedge (@zerohedge) July 15, 2022 Consumer participation is declining in both real and now nominal terms, at least per $WFC's credit card …

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We are to believe that the LARGEST asset bubble in human history will require the LEAST amount of Fed rate buffer and will be a soft landing. You have to be brain dead to believe that, hence it goes largely unquestioned.

by BoatSurfer600 Who’s gonna tell him….LOL pic.twitter.com/p267nFZV3k — PlungeProtectionTeam (@gamesblazer06) July 4, 2022 Commodities continue to show concern about a global slowdown… Chart: ⁦@RealAlpineMacro⁩ pic.twitter.com/n6hbunBwBB — LongConvexity (@LONGCONVEXITY) July 4, 2022 "Iron ore prices have slipped for 3 straight wks, …

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If we’re ever in human history’s biggest super asset bubble again, we should always remember that denial is strongest on the way down.

If we're ever in human history's biggest super asset bubble again, we should always remember that denial is strongest on the way down. pic.twitter.com/Bj68ovN0F6 — Mac10 (@SuburbanDrone) February 8, 2022 https://twitter.com/WifeyAlpha/status/1491146610113654785 this is fine pic.twitter.com/SQ9oZzATx7 — zerohedge (@zerohedge) February 8, …

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The biggest threat to the economy is the asset bubble bursting…

https://twitter.com/NorthmanTrader/status/1465314502052880390 We really deserve it …https://t.co/nAL7wyxGAo — GregTheAnalyst (@Analyst_G) November 29, 2021 SPECULATORS' NET LONG US DOLLAR POSITION HITS HIGHEST SINCE MID-OCTOBER -CFTC. — FinancialJuice (@financialjuice) November 29, 2021 https://twitter.com/PriapusIQ/status/1465419278296002560

Entirely possible that we’ll see low interest rates forever, asset manager says [Alternative: economic & financial systems so fragile now that next crisis causes systemic collapse]

https://www.cnbc.com/2021/11/15/gam-entirely-possible-that-well-see-low-interest-rates-forever.html Interest rates could remain at their record lows “forever,” according to one asset manager, despite a recent rush to normalize policy by many of the world’s central banks. GAM Investments’ Julian Howard told CNBC’s “Squawk Box Europe” last week …

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