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6 Comments

  1. INHO, the longer this continues, the more likely the Fed cannot ‘fix’ it, and make like everything is okay again. They should have been able to ‘fix’ it already, but haven’t, so confidence erodes. Typically, once uncertainty and doubt set in, without good news, fear is not far behind, and the contagion spreads to other markets. And apparently it is, as Zero Hedges seems to imply. I believe, and have observed that this process has been on going, and is now maturing. D Bank’s problems and story, hurt. And there are other significant stories that eroded confidence. At the end of day, it is about confidence, and not strict adherence to risk/reward ratios. Of course it could also be the ‘con game’, the confidence game, is just about over as fewer are simply not seeing enough easy money to justify outrageous risk…

    Bix Weir believes it is headed for 40 trillion bail out in about a month or so, or words to that effect. He also believes that Congress might not approve it. I could understand that as they blindly hate Trump, and if they cannot impeach, they might foolishly believe that this an opportunity to stop the Trump Train, derailing it, by blowing up his economy. They are not rational.

    I cannot possibly have an ‘opinion’, but I can speculate, and believe it is not looking good. It does not take a genius to see that. Regardless, the consensus has been building for sometime now, among the most vocal and knowledgeable. Serious trouble is likely not far ahead. How much trouble at first, is impossible to say. Trump will likely oversee a massive bankruptcy at some point, then worse. If we all did not see trouble ahead, we would not be here in the first place. Yet it could get ‘exciting’ sooner, rather than latter.

  2. The fallacy of promoting unprofitability is a foolish game that can’t last. The rubes that fall for it will pay dearly and the death spiral of those companies will help to pull down the markets and the economy. Keep a safe distance.

  3. As is the case with many sites and blogs, the comments section often gives you a truer sense of what is happening. From Zerohedge story,
    “After Unveiling ‘NotQE’, Fed Eases Liquidity Rules For Foreign Banks (Rescues Deutsche)”.

    This comment follows the story from user ” Fed Leppard”:
    “Funny thing. We seem to be in the beginning phase of another banking crisis but this one is top secret. It looks as though they are doing a splendid job both containing it and camouflaging it, they are only doing a fair job at marketing it as something else. But then, some people just enjoy being fooled if it plays into their life narrative.”

    Truth-The Fed is using US taxpayer dollars to bail out foreign banks and the vast majority of Americans could not care less. Your neighbor with the 72-month loan on his new diesel truck, a 30-year mortgage on his new McMansion, a 12-year note on a new wakeboard boat, and a propensity for sharing it all on Facebook, has absolutely ZERO interest in seeing any of these shenanigans stop much less burn to the ground. This is why we are where we are and why it could continue for decades. Hedge accordingly, trade smart, and enjoy the ride…

  4. I first became aware of the impending economic collapse of the banks, the fed and the country back in 1970 or so. I eagerly followed these prognostications for decades, reading books about it, watching the news and in general expecting that other shoe to drop. Kind of like global warning in that the adherents used every bit of negative news to again predict the impending disaster… and yet here it is 2019 and very little has changed. Now let me be clear; I oppose deficit spending, high taxes, corruption in government, etc. I also think that our debt cannot be paid, ever AND that when high interest rates and inflation return the cost of this debt will crush us. But when will it collapse? No one knows and no one even knows if it will. The president could simply create $22 trillion over a long weekend and buy/pay off all federal debt and we would be back to zero. It would take some guts and be politically problematic but it could be done especially if circumstances make it more desirable than the alternative.

    Having said all that I am a fan of PMs, a years supply of food, self sufficiency, and other preps because the world is a dangerous place and becomes more dangerous every day. Hope for the best but prepare for the worst.

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