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“We Are Living In A Reality Distortion” Mark Spitznagel Warns “This Is Not Over Yet”
“We Are Living In A Reality Distortion” Mark Spitznagel Warns “This Is Not Over Yet” Just a week before the biggest spike in US equity market volatility ever – something ‘no one’ in the mainstream even thought possible – Universa’s Mark Spitznagel warned “a reckoning always follows…something really big is coming” This is an age […]
Jim Rogers: “Next Bear Market Will Be Worst In My Lifetime”
Jim Rogers: “Next Bear Market Will Be Worst In My Lifetime” For months now, Jim Rogers has been talking to anybody (who cares to listen) about the coming equity crash, which he said would be the “worst in his lifetime” – and he’s a spry 75 years old. Today, in his latest pessimistic prognostication, the […]
ECB “In Touch With Market Participants” Over Market Crash; White House “Concerned”
ECB “In Touch With Market Participants” Over Market Crash; White House “Concerned” In a double whammy of panic about the fate of the artificial “wealth effect” created thanks to $20 trillion in central bank liquidity, officials at both the White House and Europe’s largest hedge fund expressed concerns about the market rout that saw the […]
Why the Next Downturn “Will Not Look Like 2008”
Why the Next Downturn “Will Not Look Like 2008” Nine years of scorched-earth monetary policies come home to roost. There are always cycles. The current cycle started at the bottom of the Great Recession and will last “until central banks put on the brakes,” said Ray Dalio, founder of Bridgewater Associates, in an interview with […]
China Admits To Fake Data (Again) – Hidden Debt & Inflated Revenues
China Admits To Fake Data (Again) – Hidden Debt & Inflated Revenues It’s not the first time (and it won’t be the last), but a recent nationwide audit found some local governments inflated revenue levels and raised debt illegally, once again crushing China’s credibility on the global stage when it comes to economic performance. As […]
OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg
OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg With OPEC delegates sequestered in a Vienna conference room, as they negotiate the proposed 6-9 month production cut extension, at least one appears to be leaking the decision process to media outlets, because moments ago Bloomberg reported that OPEC ministers have agreed to […]
Venezuela Signs $3.2 Billion Debt Restructuring Deal With Russia
Venezuela Signs $3.2 Billion Debt Restructuring Deal With Russia As Venezuela teeters right on the brink of complete financial collapse, Bloomberg reports that Russia has agreed to restructure roughly $3.2 billion in outstanding obligations. While details of the restructuring agreement are scarce, both sides reported that the deal spreads payments out over 10 years with […]
Are Petrocurrencies Heading For Extinction?
Are Petrocurrencies Heading For Extinction? Petrocurrencies are breaking away from their traditional tight link to oil prices, but all it would take for this link to return is for prices to fall bellow their current range. This seems to be the general consensus among bankers interviewed by Bloomberg’s Natasha Doff and Anna Andrianova. The change […]
The Curious Case of Missing the Market Boom
The Curious Case of Missing the Market Boom Rembrandt Old man with a beard 1630“The Cost of Missing the Market Boom is Skyrocketing”, says a Bloomberg headline today. That must be the scariest headline I’ve seen in quite a while. For starters, it’s misleading, because people who ‘missed’ the boom haven’t lost anything other than […]
Stupidity Well Anchored: Absurdity of Inflation Expectations in Graphic Form
Stupidity Well Anchored: Absurdity of Inflation Expectations in Graphic Form The amount of sheer nonsense written about inflation expectations is staggering. Let’s take a look at some recent articles before making a mockery of them with a single picture. Expectations Problem On July 17, 2017, Rich Miller writing for Bloomberg proclaimed The Fed Has an Inflation Expectations […]
Japan’s “Deflationary Mindset” Grows As Household Cash Hordes Reach Record High
Japan’s “Deflationary Mindset” Grows As Household Cash Hordes Reach Record High After being force-fed more stimulus than John Belushi, and endless rounds of buying any and every asset that dares to expose any cracks in the potemkin village of fiat folly, Japan remains stuck firmly in what Abe feared so many years ago – a […]
Former BIS Chief Economist Warns “More Dangers Now Than In 2007”
Former BIS Chief Economist Warns “More Dangers Now Than In 2007” Having warned in the past that “the system is dangerously unacnhored,” former chief economist of the Bank for International Settlements, William White, told Bloomberg TV overnight that the current situation “looks very similar to 2008,” adding that OECD sees “more dangers” today than in […]
Florida Stores Running Out Of Water, Gas As Gov Warns “Make Sure Your Disaster Kits Are Ready” For Irma
Florida Stores Running Out Of Water, Gas As Gov Warns “Make Sure Your Disaster Kits Are Ready” For Irma Hurricane Irma is hurtling toward the eastern US faster than meteorological models anticipated. According to the latest readings from NOAA, the storm will probably make landfall in Southeastern Florida next weekend, or perhaps earlier – that […]
Harvey Causing “Unprecedented” Disruptions To Supplies Of “Essential” Chemicals
Harvey Causing “Unprecedented” Disruptions To Supplies Of “Essential” Chemicals The unprecedented destruction wrought by Hurricane Harvey will impact the US economy in ways may not be immediately apparent. Until recently, coverage of the storm’s impact has focused on property damage and the impact on the energy industry. But in a story published Friday, Bloomberg explains […]
25 Oil Tankers Stuck In Gulf, Unable To Offload Due To Harvey Port Closures
25 Oil Tankers Stuck In Gulf, Unable To Offload Due To Harvey Port Closures According to ship-tracking data compiled by Bloomberg, coupled with MarineTraffic real-time tracking, at least 25 tankers carrying almost 17 million barrels of imported crude oil are drifting near Texas and Louisiana ports, unable to offload because of closures from Tropical Storm […]
