Warning from the Underground
IMF's Secret Currency Reset
Economic Collapse and the Digitization Of All Trade
How Much Does the US REALLY Owe?
Sept. 23rd End of Dayz (pass it on)
How to Survive Armageddon
How to be a successful Urban Guerrilla
Korea: What the Media is not Telling
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5.) Bankruptcy guru Edward Altman sees similarities to 2007 in the credit market today
“Back in 2007 prior to the crisis in ’08 and ’09, the fundamentals of credit risk of the companies issuing bonds and taking out loans were quite low,” he said. “And the similarity that I see now between 2007 and 2016 is very similar fundamentals, quite a bit high risk and it doesn’t seem to bother the market because it’s the only game in town in terms of getting yield greater than what you can get for low-risk securities like governments and high-grade corporates.”
In other words, investors aren’t buying junk bonds just because the risk-reward balance is favorable. They’re buying because the rewards of investing in lower risk bonds just aren’t cutting it anymore.
Read more: https://finance.yahoo.com/news/bankruptcy-expert-edward-altman-sees-similarities-2007-credit-market-today-150205955.html
6.) JIM ROGERS: The worst crash in our lifetime is coming
"We’ve had financial problems in America — let’s use America — every four to seven years, since the beginning of the republic. Well, it’s been over eight since the last one.
This is the longest or second-longest in recorded history, so it’s coming. And the next time it comes — you know, in 2008, we had a problem because of debt. Henry, the debt now, that debt is nothing compared to what’s happening now.
In 2008, the Chinese had a lot of money saved for a rainy day. It started raining. They started spending the money. Now even the Chinese have debt, and the debt is much higher. The federal reserves, the central bank in America, the balance sheet is up over five times since 2008.
It’s going to be the worst in your lifetime — my lifetime too. Be worried."
Read more: http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6
7.) Bond market is in an ‘epic bubble of colossal proportions,’ says Boockvar
One of the most crowded trades on Wall Street is about to implode, says one market watcher.
"We're in an epic bubble of colossal proportions," Peter Boockvar, managing director and chief market analyst at The Lindsey Group, said Tuesday on CNBC's "Futures Now" in reference to the fixed income market.
"They'll call it being 'patient.' Their forecasts are now irrelevant, their communication is now meaningless and their tools to handle whatever might come our way are toothless," noted Boockvar when describing the Fed's ability to address a flattening yield curve.
In Europe, concern for Italy's economy continues to rise as that nation struggles to maintain negative interest rates while simultaneously raising capital for its banking system, which is straddled with mounting debt.
Read more: http://www.cnbc.com/2016/07/06/bond-market-is-in-an-epic-bubble-of-colossal-proportions-says-boockvar.html
8.) Wall Street is sending huge warning signs for stocks
To a growing chorus of strategists and investors across Wall Street, the stock market looks like it's headed for a rude awakening.
Their mounting pessimism comes at a time when US equities are looking healthy, at least on the surface. Major indexes are hovering near record highs they reached this past week, while corporate earnings are growing at a blistering pace.
Yet some market experts think this apparent strength is just masking deeper problems brewing under the surface.
Count Marko Kolanovic, JPMorgan's global head of quantitative and derivatives strategy, as one of those stressing caution. In a client note on Thursday, he said that record-low volatility should "give pause to equity managers." Kolanovic even went as far as to compare the strategies that are suppressing price swings to the conditions leading up to the 1987 stock market crash.
Baupost Group, a $30 billion fund, recently highlighted the lack of price swings as a harbinger of pain to come, calling it a possible "accelerant for the next financial crisis." Meanwhile, Highfields Capital Management, which oversees $13 billion, said this past week that low volatility is giving people the false impression that the market is risk-free.
Going beyond the much-maligned low-volatility environment, Bank of America Merrill Lynch has its own reasons for expecting an upcoming rough patch in stocks — one it sees coming sometime this autumn.
Michael Hartnett, the chief investment strategist of BAML Global Research, points to how the S&P 500 has continued climbing to new highs, even as the size of the Federal Reserve's balance sheet has stayed relatively unchanged. He says this divergence is a "classic euphoria signal." Such overexuberance has historically been a sign that investment sentiment is overextended.
Stock Market Bubble / Collapse
By Christopher R Rice
So much information has been trickling in I thought it was time to put it all together for you.
1.) It Is Mathematically Impossible To Pay Off All Of Our Debt
It has been projected that “mandatory” federal spending on programs such as Social Security, Medicaid and Medicare plus interest on the national debt will exceed total federal revenue by the year 2025. That is before a single dollar is spent on the U.S. military, homeland security, paying federal workers or building any roads and bridges.
Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year.
Read more: http://www.zerohedge.com/news/2015-05-22/it-mathematically-impossible-pay-all-our-debt
2.) Fake growth, fake money, fake jobs, fake financial stability, fake inflation numbers
Nobody knows when reality will overtake the rhetoric, lies, phony statistics, wishful thinking, fake prices and tiresome poseurs pretending to be world leaders. The situation is universal, a consequence of incompetent leaders and careless (or ignorant) citizenry. Global problems are continuing to mount, along with the risk that the consequences of years of bad policies and inept leadership compound (as sometimes happens) in a short window of time.
Unemployment figures are also a source of faulty or misleading data. The headline currently reported unemployment rate of 5.9% is deeply misleading. A 35-year low in the workforce participation rate, a policy-driven transition from full-time to part-time jobs, and the transition from high-paying jobs to relatively low-paying service jobs, all combine to make the headline rate a poor measure of employment health. Support for our statement is provided by the data on real wages, which have been stagnant during the entire post-crisis period.
Read more: https://www.neptuneglobal.com/paul-singer-slams-the-fake-world-fake-growth-fake-money-fake-jobs-fake-stability-fake-inflation-numbers/
3.) Economist Harry Dent predicts 'once in a lifetime' market crash, says Dow to plunge 17,000 points
He's a market watcher known for making bold calls spanning decades. Now, Harry Dent is arguing that the Trump rally is setting investors up for an inevitable stock market crash.
"I think this is going to be a stock market peak of a lifetime followed by a crash very similar to the early 1930s. This happens once in a lifetime," Dent Research Founder Harry Dent recently told CNBC's "Futures Now."
"I think the trigger is people seeing sometime early next year that Donald [Trump] will not be able to do everything that he said, and the economy may be slowing by then," he said. "The biggest trigger, kind of like the subprime crisis in 2008, is going to be Italy. Italy is bankrupt. Its bonds are trading at lower rates than ours which is ridiculous."
Not only could Italy send the European markets into a tailspin, Dent is also particularly worried about China.
The world's second largest economy "has the greatest real estate bubble, an overbuilding bubble, in all of modern history. That's going to blow, " warned Dent.
Read more: http://www.cnbc.com/2016/12/10/economist-harry-dent-says-dow-could-plunge-17000-points.html
4.) 80% Stock Market Crash To Strike in 2017, Economist Warns
Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
Mark Faber, Dr. Doom himself, recently told CNBC that “investors are on the Titanic” and stocks are about to “endure a gut-wrenching drop that would rival the greatest crashes in stock market history.”
And the prophetic economist Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.”
Smithers backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.
Even the Royal Bank of Scotland says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.”
Blue chip stocks like Apple, Microsoft, and IBM will plunge.
But there is one distinct warning that should send chills down your spine … that of James Dale Davidson. Davidson is the famed economist who correctly predicted the collapse of 1999 and 2007.
Davidson now warns, “There are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is looming – it’s already at our doorstep.”
And if Davidson calls for a 50% market correction, one should pay heed.
Indeed, his predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin.
They know that when Davidson makes a prediction, he backs it up. True to form, in a new controversial video, Davidson uses 20 unquestionable charts to prove his point that a 50% stock market crash is here.
Most alarming of all, is what Davidson says will cause the collapse. It has nothing to do with the China meltdown, Wall Street speculation or even the presidential election. Instead, it is linked back to a little-known economic “curse” that our Founding Fathers warned our elected officials about … a curse that was recently triggered.
Read more: https://growthequitygroup.com/2016/10/80-stock-market-crash-to-strike-in-2017-economist-warns/