This Bull Market Is So Dangerous!

Some interesting items on Denninger’s Market Ticket website blog. He mentions several warning signals in various funds including Pimco showing a similar extremely powerful reversal pattern as just before the global financial crisis started in 2007

http://market-ticker.denninger.net/archives/1815-Uhhhhh…-Ok,-Keep-Buying-Fools.html

http://market-ticker.denninger.net/archives/1813-Carnage-Continues-PHK-Who-Smells-Smoke.html

Pimco cuts holding in UK and US Government Bonds as they see extreme limits of quantitative easing reached and they see the areas that had greatest government support to be the most vulnerable:

http://www.telegraph.co.uk/finance/economics/6931146/Pimco-cuts-holding-of-UK-and-US-government-bonds.html

Japan in sovereign bond crisis as recent Neo-Keynesian and Krugman doctrines on heavy spending, even when the money isn’t there, as well as monetarist economics comes unstuck as massive bubbles burst and global markets crash:

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6927923/Global-bear-rally-of-2009-will-end-as-Japans-hyperinflation-rips-economy-to-pieces.html

Chinese banksters say that even though personal loans have rocketed with an all time record of over $1.3 Trillion in new personal loans, they say they have enough capital to continue to pump Chinese individual personal debt expansion,. However Fitch ratings suggest Chinese banks are now being much more strained than they are saying, consumer debt in China will have risen over $1.4 Trillion during 2009, which it says is close to 29% of China’s GDP, placing the banks at risk with reducing ‘loan quality’:

http://www.bloomberg.com/apps/news?pid=20601080&sid=agIgPXq4c5ZU

http://in.reuters.com/article/economicNews/idINIndia-44728920091215

China as a country has been cash rich recently, but the general population of China is experiencing its highest level of personal consumer debt expansion in history. Chinese Credit card issuance up 32% in the last year, with credit card debt up 130%. Chinese banksters send in debt collectors:

http://en.ce.cn/Industries/Financial-services/200911/12/t20091112_20401181.shtml

Chinese fall for credit cards in the same way as the West with the same effects, with many younger Chinese, just as in the West, having debts spiralling out of control:

http://edition.cnn.com/2009/BUSINESS/11/10/china.credit.debt/index.html

- LearnFromMistakes

Related Posts:

• Apocalypse is coming, That’s not good. China will have to face Shooting Fire Dragon soon.
• China property bubble, house prices accelerate, now a major threat to China economy:
• Warning: The imminent global sovereign debt explosion
• Notice: Fitch is cracking on Britian and France again….
• The UK economy is an accident waiting to happen.

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