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Olduvai III: Catacylsm
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Last Bubble Standing

Last Bubble Standing EM debt bubble… emaciated, FX Carry… crucified, Crude…crushed,  High yield bonds… burst, Chinese equities… blown, Trannies… trounced, Small Caps… slammed, Biotechs… busted, and FANGs finally FUBAR!But there is one big (very big) bubble left in the world that no one is talking about, and a rather large liquidity-busting pin beckons… In May 2015 we […]

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Bob Janjuah Warns The Bubble Implosion Can’t Be “Fixed” This Time

Bob Janjuah Warns The Bubble Implosion Can’t Be “Fixed” This Time Having correctly foreseen in September that “China’s devaluations are not over yet” it appears Nomura’s infamous ‘bear’ Bob Janjuah has also nailed The Fed’s subsequent actions (hiking rates into a fundamentally weakening economy in a desperate bid to “convince markets that strong growth and inflation are on their […]

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A Disturbing Warning From UBS: “Buy Gold” Because A 30% Bear Market Is Coming

A Disturbing Warning From UBS: “Buy Gold” Because A 30% Bear Market Is Coming As Wall Street axioms (Santa rally, January effect, as goes January etc.) are rapidly falling by the wayside at the start of 2016, following a chaotic but return-less 2015, the UBS analysts who correctly forecast last year’s volatility are out with […]

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Oil Bankruptcies Hit Highest Level Since Crisis And There’s “More To Come”, Fed Warns

Oil Bankruptcies Hit Highest Level Since Crisis And There’s “More To Come”, Fed Warns “Two things become clear in an analysis of the financial health of US hydrocarbon production: 1) the sector is not at all homogenous, exhibiting a range of financial health; 2) some of the sector indeed looks exposed to distress [and] lifelines […]

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The Fed Has Created A “Monster” And Just Made A “Dangerous Mistake,” Stephen Roach Warns

The Fed Has Created A “Monster” And Just Made A “Dangerous Mistake,” Stephen Roach Warns Stephen Roach is worried that the Fed has set the world up for another financial market meltdown. Lower for longer rates and the proliferation of unconventional monetary policy have created “a breeding ground for asset bubbles, credit bubbles, and all-too […]

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The World Hits Its Credit Limit, And The Debt Market Is Starting To Realize That

The World Hits Its Credit Limit, And The Debt Market Is Starting To Realize That One month ago, when looking at the dramatic change in the market landscape when the first cracks in the central planning facade became evident and it appeared that central banks are in the process of rapidly losing credibility, and the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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