Junk Bonds – Bullish wicks form after rare performance spread!

from kimblechartingsolutions:

 

CLICK ON CHART TO ENLARGE

If one likes the idea of buying low and selling higher, junk bonds might come to mind due to how hard they’ve been hit of late! The chart below highlights that an unusual and large performance spread between JNK and the S&P 500. Its not often that these two see a 10% return difference in just 60 days. This differential wasn’t the only thing that got […]

Global Currency War: Many central banks outside of the Federal Reserve, including the Bank of Japan and European Central Bank, are engaged in major easing programs to boost their economies and depress their currencies.

‘We don’t need a war when we can have a currency war‘- guest @sjderrick, Chief Currency Strategist, BNY Mellon

‘We don’t need a war when we can have a currency war’- guest @sjderrick, Chief Currency Strategist, BNY Mellon #Russia #Rouble @CNBC

— Louisa Bojesen (@louisabojesen) December 17, 2014

  Currency war hots up as China prepares to bail out Russia

Does Putin & Co have a card up their sleeve amid the huge changes […]

Housing Bubble 2 Goes Nuts: San Francisco Home Sales Plunge 20%, Prices Soar 27%

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

San Francisco is known for its mindboggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.

And now the hot money is flowing. It has created a delirious craziness in the housing market, surrounded by an environment where app makers without revenues but with big dreams and the word “disrupt” in their description are worth […]

$2 Trillion High-yield Debt Market On The Verge Of Default, Goldman Sachs Says 1 Trillion In Investments Just Went Poof Due To The Collapse Of Oil, Debt Defaults Have Already Begun To Hit In The North American Shale Oil/gas Industry!

AND their analysis didn’t even touch on Shale Oil Projects in the U.S.A. (Because they have too much invested in that).

Enjoy your $2.00 gas while it lasts…

SNIP

In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world’s largest new oil and gas fields — excluding U.S. shale — and found projects representing $930 billion […]

The US national debt has broken all the records in American, 41% of the national debt of the US has accrued during this administration… Cost of big biz not paying taxes, rich offshore tax havens, bailouts of Wall St…

The US national debt has broken all the records in American.. – pic.twitter.com/9vihekfcQy

— 9GAG Tweets (@9GAGTweets) December 17, 2014

 

(CNSNews.com) – The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is […]

There Is Hope In Understanding That A Great Economic Collapse Is Coming

By Michael Snyder

If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all?  I think that virtually all of us have had dreams where we show up for an exam that we have not studied for.  Those dreams can be pretty terrifying.  And of course if […]

We Are Witnessing A Spectacular Event Of How Incredibly Dense The Population Of Sheep Are.

by onpoint

 

Either we have some incredibly narrow reporting on the part of UK’s Mail Online, or we are witnessing a spectacular event of how incredibly dense the population of sheep are.

MOSCOW (AP) — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.

Russia’s currency has been collapsing 15-20% in […]

Greece Might Be Hit With Cyprus Style Bail-Ins. Euro Crisis Getting Worse. Us Mortgage Applications Declined, A Sign That Real Estate Is Collapsing.

Greece might be hit with Cyprus style bail-ins. Euro crisis getting worse. US mortgage applications declined, a sign that real estate is collapsing. Obama signed the 1.1 trillion spending bill. Russia is opening an investigation into the central bank actions. Corporate media polls show that the America people support torture. Police will be scanning social media sites to predict crime. U.S. and Cuba are reestablishing diplomatic relations. U.S. advisers are […]

The Oil & Ruble Crash, Declarations of War Against Russia and Connecting Some of the Dots

Today on The Janssen Report (#90): as we move towards the end of the year, let’s connect a few dots on the global economic and geopolitical chess board. US Congress passed a few bills this year cornering Russia with severe sanctions. And very recently the OPEC decided to intervene in the oil market leading to the collapse in the oil price that we recently saw happening. Guess what: shortly after, […]

Laughable FOMC Statement Sets New Central Bank Credibility Low Until the SNB One Ups It

On his weekly podcast, Andy Hoffman discusses the U.S. dollar is declining, the stock market, gold and silver, oil prices are collapsing, manipulation of all markets and the FOMC statement yesterday.

“Market Meltdown” – just what London traders are looking for this Christmas.

Dec 18 (Reuters) – There will be no Christmas break from market mayhem for London’s financial elite if sales of a board game based on a banking collapse are anything to go by.

Market Meltdown, which has echoes of the 2008 financial crisis that led to the worst UK recession since World War Two, is one of the bestsellers in the Peter Jones store in Sloane Square, home to hundreds of […]

Alasdair Macleod – Dumping the Dollar

The greenback vs the rising red back: China and other economies in the emerging world are intent to free themselves from the strangle hold of the US dollar. Is it only a matter of time before the Chinese currency seriously challenges the dollar? And what about America’s incredible debts? CrossTalking with Liam Halligan, Alasdair Macleod and Ann Lee.

Jim Grant: “The Fed has now…taken upon itself a third remit, which is the administration of American equity prices.”

CNBC, Released on 12/16/14

“The Fed has now…taken upon itself a third remit, which is the administration of American equity prices.”

Harry Dent’s warning to the wealthy

Harry Dent, Economy & Markets Daily, Released on 12/17/14

Global central banks and the Fed have created a massive wealth inequality problem – and a revolution will come.

Stimulus programs only widen the wealth inequality gap between the haves and the have nots.
Back in 1929, the top 1% controlled 52% of the wealth in the U.S.
The wealthier you are, the more you have to lose.

One of the clear historic signs of debt […]

Peter Schiff Podcast: The Bubble’s About to Pop, Yellen Bluffs Future Rate Hikes

Peter Schiff, Schiff Radio, Released on 12/17/14

Part 1 (part 2 below)

Part 2

Students Support Deporting US Citizens to Allow Illegal Immigrants to Stay

Here’s and amusing but totally unscientific informal poll on how to tackle the illegal immigrant problem.

Students were asked if they would sign a petition to deport US citizens on a one-for-one basis in exchange for allowing illegal immigrants to stay in the US.

Read more at http://globaleconomicanalysis.blogspot.com/2014/12/students-support-deporting-us-citizens.html#3yUzkJHTCqlw5AjQ.99

Industrial metals are breaking DOWN.

Industrial metals are breaking DOWN. Charts by @TechCharts: http://t.co/NEwSRrpHEI pic.twitter.com/m7oYAClWJ6

— e-recep (@irecep2) December 18, 2014

Fitch Downgrades #Venezuela’s from ‘B’ to ‘CCC.’… 5yr default probability near 90%.

Fitch Downgrades #Venezuela's from 'B' to 'CCC.' https://t.co/BIuRqA65yW

— Holger Zschaepitz (@Schuldensuehner) December 18, 2014

Cost of insuring against #Venezuela default has risen after Fitch downgrade. 5yr default probability near 90%. pic.twitter.com/bLbvtCV3zI

— Holger Zschaepitz (@Schuldensuehner) December 18, 2014

99% of What We Eat Isn’t Any Good at All: Tetrick

Dec. 18 (Bloomberg) — Hampton Creek CEO and Founder Josh Tetrick discusses the company’s approach to healthy eating. He speaks on “Bloomberg West.” (Source: Bloomberg)