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5 Charts To Remove The Bubble ‘Blinders’

Authored by Craig Wilson via The Daily Reckoning, The stock market continues to show volatile signs of a market bubble. Here’s five charts that show that a very real bubble is on the horizon. 1. Economic Bubbles and The Breadwinner Economy Former Congressman and Reagan’s budget director, David Stockman highlights that, “Another month has passed […]


BofA: “2018 Is When Bond Investors Again Get Very Concerned About Fundamentals”

One week ago, we closed the book on the long-running debate whether gross (and net) leverage is the highest on record, when we showed a chart from Goldman according to which net debt/EBITDA for all companies (with or without energy) is the highest on record, surpassing the previous credit bubble peak by nearly 0.3x turns. […]


Salt, Wampum, Benjamins – Is Bitcoin Next?

Authored by Michael Lebowitz via 720Global.com, Currency was first developed about 4000 years ago. Its genius was in the ability to supplant barter thus greatly improving trade and providing a better means for storing value. As illustrated in our title, currency has taken on many different physical forms through the years. Given the recent advances […]


FBI Unexpectedly Releases Confidential Employee Evaluations Of James Comey

In an unexpected, impromptu release, on Tuesday morning the FBI’s “Records Vault” twitter account released a trove of information, divulging “Field Office and Headquarters Climate Survey Results” among which are annual results for the years 2013 through 2017, but more notably, the confidential employee evaluation results for now-former Director James Comey. FBI Field Office and […]


WTI/RBOB Slide After Oil Production Surge Offsets Biggest Crude Draw Since Sept

Following last night's mixed mesage from API (crude draw, gasoline build), WTI prices have gone nowhere as all eyes focus on DOE data this morning. Confirming API's trend, crude saw its biggest draw since Sept 2016 but Gasoline, Distillates, and Cushing (most since March) saw builds which upset the machines and sent prices lower. Crude […]


Doc Copper breaking out again, gains are piling up!

Ole Doc Copper has struggled since 2011, as it created a series of lower highs. Over the past 90-days, Doc Copper has experienced some impressive upside action. Below looks at Doc Copper Futures over the past 4-years- CLICK ON CHART TO ENLARGE Doc Copper created a series of lower highs below line (1) over the past few […]


Did the Fed Just Warn the Debt Bubble is Beginning to Burst?

While everyone is focusing on political issues, the NY Fed published a stunning report on the state of the US consumer. According to the NY Fed, the average US household has hit a new record for debt, surpassing the old record set at the peak of the 2007 bubble. Put simply, the average US household […]


One Trader Scoffs “Finally, A Market Where It’s Easy To Get Rich”

Sometimes you have to just throw in the towel, know when to fold 'em, and join 'em coz you can't beat 'em.. and that appears to be former fund manager Richard Breslow's take on the current utter apathy in markets currently. His message is clear – nothing matters except technical levels – which ironically, none […]


Indian, Chinese Soldiers Clash Following Alleged Chinese “Incursion”

In what may be the first documented clash between Chinese and Indian soldiers who have been piling up across the border between the two nations over the latest territorial dispute, Reuters reports that “Indian and Chinese soldiers were involved in an altercation” in the western Himalayas on Tuesday, “further raising tensions between the two countries […]


Why We’re Doomed – Our Economy’s Toxic Inequality

Authored by Charles Hugh Smith via OfTwoMinds blog, Anyone who thinks our toxic financial system is stable is delusional. Why are we doomed? Those consuming over-amped "news" feeds may be tempted to answer the culture wars, nuclear war with North Korea or the Trump Presidency. The one guaranteed source of doom is our broken financial […]


Cash-Strapped Qatar Unexpectedly Cuts Credit Suisse Stake

Is the ongoing Qatar blockade starting to seriously squeeze the finances of the tiny, but rich (or maybe not so rich any more) Gulf nation? Overnight, Credit Suisse’s largest shareholder, Qatar, announced it has lowered its direct shareholding in the largest Swiss bank to 4.94% through the nation’s sovereign wealth fund – the Qatar Investment […]


Gary Cohn Reportedly “Disgusted & Deeply Upset” At Trump’s Last Few Days

Former Goldman Sachs President and current National Economic Council chair – who is also Jewish – is said to be “disgusted” and “deeply upset” by President Trump’s comments on white nationalists according to The New York Times. Axios also reports: “we’re told Cohn – who was standing next to Trump in anticipation of questions about […]


Housing Recovery False Alarm – Starts, Permits Plunge In July As Rental Units Collapse

Following June's huge surprise jumps in Housing Starts (revised lower) and Building Permits (revised notably higher), July saw both starts and permits plunge (-4.8% and -4.1% respectively) dramatically missing expectations. The majority of the plunge is driven by multi-family starts crashing 35.2% YoY to its lowest since Sept 2016.   Permits' 7.4% June surge was […]


US, Japan Hold Joint Air Drills Over Korean Peninsula As China, North Korea Fume

Since unlike Donald Trump he does not have access to twitter, we can only assume that North Korean leader Kim Jong Un is probably fuming this morning after US and Japanese fighter jets conducted joint “air maneuvers” southwest of the Korean peninsula, according to Reuters. The exercises threaten to reignite tensions between the US and […]


World’s Largest Hedge Fund Bridgewater Buys $68 Million of Gold ETF

World’s Largest Hedge Fund Bridgewater Buys $68 Million of Gold ETF  – World’s largest hedge fund Bridgewater buys $68 million of gold ETF in Q2– Investors poured $870 million into SPDR Gold in Q2– Billionaire Paulson keeps 4.36 million shares in SPDR Gold– “Risks are now rising and do not appear appropriately priced in” – warns Dalio on Linkedin– Investors […]