In this report I cover the early market action from London on Wednesday, November 1st, 2017. I also talk about the Fed's monetary policy history and how confidence and faith in the credit markets could turn sour very quickly.
In this report I cover the early market action from London on Wednesday, November 1st, 2017. I also talk about the Fed's monetary policy history and how confidence and faith in the credit markets could turn sour very quickly.
I still don't see any turn arounds or bubble popping any soon. We may have to wait until 2019 to see an end to this madness. Too much greed and euphoria coupled with dumb money and dumb investments especially from millennials (I mean thsese idiots actually bought SNAP! Can you believe it? There were so many people who actually bought SNAP)
I have no crystal ball. But the party doesn't look like it'll be over for at least another year. These problems will grow along with time.
Anyway great video. Keep up the good work. Happy Investing!
It is really difficult for outsider to tell how long before the big bang. CB can buy each other's debt to inject liquidity or use proxy to buy up assets quietly to hold up the markets without getting noticed.
As far as I can tell a stealth stagflation has been happening for the last few years with price inflation is robbing everyone of purchasing power while income growth is flat. The reports of circular (credit card) debt at new peak confirms this.
I think when mortgagee / debtors can't afford to service their debt payment will be the turning point. The bankruptcy number does not seem to confirm that yet. However with all the bad new and job loss it has to be close.
Would next step be biggov doing tax refund /tax cut / person grant to keep the debt monster alive longer?
Absolutely agree! Watching for the auto credit cycle to bust BUT per your earlier posts the entry of derivatives (and maybe ETFs) into the crypto markets is a concern. I have always seen derivatives as an equivalent to fractional reserve banking - creating something out of thin air.
For the small investor who times it well being in cryptos will be good but they need to be fleet of foot and be able to exit into physical gold/silver/platinum when the crisis hits - or use the funds to pay down loans on real assets (if they have them).