The Greatest Financial Bubble In History

[Swordsmyth]

The toxic combination of government debt, corporate debt, WMPs, and unrealistic growth expectations have set up China for the greatest market crash in history. But, not yet. As analysis will continue to prove, political forces will put off a day of reckoning until early 2018.

More at: http://www.zerohedge.com/news/2017-05-30/greatest-financial-bubble-history

 

[devil21]

Marc Faber was on CNBC today and left the entire panel practically speechless. His appearance was some of the most truthful talk I've heard on CNBC in a long time.

"We have a bubble in everything!"

http://www.cnbc.com/2017/05/31/marc-dr-doom-faber-says-we-have-a-bubble-in-everything.html

He also said what the Fed has been doing would land every other banker in jail.

 

[Danke]

STBY 4 Zippy.

 

[oyarde]

Well , the current stock markets do look like the biggest bubble ever .

 

[merkelstan]

Well , the current stock markets do look like the biggest bubble ever .

Yeah some call it 'the Wall Street casino' now.

Why are stock valuations soaring? Is it because middle and upper class America can't get sh1t on a savings account so they desperately look for something that will keep-up with real inflation - stocks?

Why are the financial services companies in the US (and to a lesser extent, Europe) comprising like double the percentage of GDP what they did over a few decades ago? Did our countries suddenly need more moneypushers to service a shrinking pool of private savings and a dwindling industrial base? Or is the shrinking pool of private savings and dwindling industrial base the result of the moneypushers finding a way to keep more of the money?

Money as Debt is a jacked-up system. The more you learn the more you get sick.

Anyway I like Faber as a friendly, colorful character who appeals to the disgruntled, But thats's not enough to make me trust him --t NEVER get financial advice from the TeeVee.

 

[Madison320]

I'm taking a guess that the next potential "pin" to pop this bubble is around Aug/Sep when we run out of cash from the debt ceiling limit.

 

[Zippyjuan]

I'm taking a guess that the next potential "pin" to pop this bubble is around Aug/Sep when we run out of cash from the debt ceiling limit.

Like we did the last dozen times we hit the debt limit?

 

[timosman]

Like we did the last dozen times we hit the debt limit?

Zippy is a true expert in economic matters. Thank you for your very well thought off response. Thank you for continuing to grace us with your presence.

 

[Madison320]

Zippy is a true expert in economic matters. Thank you for your very well thought off response. Thank you for continuing to grace us with your presence.

From Zippy's perspective there is no bubble. Everything is great. No damage was done from 8 years of ZIRP, 10 trillion in borrowing, 3.5 trillion in printing, 4 trillion in trade deficits. When this imaginary bubble bursts it will be 100% Trump's fault.

 

[Zippyjuan]

Zippy is a true expert in economic matters. Thank you for your very well thought off response. Thank you for continuing to grace us with your presence.

What did happen the last dozen or however many times we hit the debt limit?

 

[devil21]

What did happen the last dozen or however many times we hit the debt limit?

Continued economic decline but you're displaying a normalcy bias.

Bigger agendas in play this time around, however. I looked at the BoA hq lobby murals the other day and what did I notice? A depiction of a full solar eclipse. The Great American Eclipse, perhaps.

 

[Madison320]

What did happen the last dozen or however many times we hit the debt limit?

First panic, then they raise it. I'm merely suggesting it could be the pin that pops the bubble.

https://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2013

 

[timosman]

First panic, then they raise it. I'm merely suggesting it could be the pin that pops the bubble.

https://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2013

We have a perfect patsy to blame it on!

 

[Madison320]

We have a perfect patsy to blame it on!

I don't mind blaming it on Trump, but it's also going to be "free market capitalism".

The only good news is that Bernie Sanders or whoever is probably not going to be able to borrow and print much. They'll have to live within their means by necessity.

 

[WebbRowan]

I personally don't think that China is set to crash any time soon. Although there are is probably a very long list of things that they are doing wrong, they are currently at a stage where they are maximising on their endless streams of potential. The amount of profit and benefit that the can generate is going to overshadow all of the bad things that are lined up for them now and as long as they work to correct these mistakes, there won't be too big of a problem in the future...

 

[r3volution 3.0]

Well , the current stock markets do look like the biggest bubble ever .

That prize belongs to the bond market, treasuries in particular.

 

[Madison320]

That prize belongs to the bond market, treasuries in particular.

I agree. At some point the major fiat currencies have to give. It's impossible to keep printing without devaluing. I'm amazed central banks have been able to keep their currencies from collapsing for this long.

 

[devil21]

I agree. At some point the major fiat currencies have to give. It's impossible to keep printing without devaluing. I'm amazed central banks have been able to keep their currencies from collapsing for this long.

They already are collapsing and devaluing. It's just that they measure one collapsing currency against another collapsing currency, instead of against unmanipulated hard assets. Even manipulated metals markets are showing it. Remember when they could dump in short contracts and knock silver down a few dollars in a couple days? Not any more. Now they dump in $billions at a time and barely affect spot prices. Food is expensive, the portions keep shrinking and much of the packaged stuff is non-food chemicals and low end ingredients, packaged to look appealing and loaded with flavor-bending MSG (labeled something innocuous like autolyzed vegetable protein) to trick your brain into thinking that something that tastes like shit actually tastes palatable.

 

[Madison320]

They already are collapsing and devaluing. It's just that they measure one collapsing currency against another collapsing currency, instead of against unmanipulated hard assets. Even manipulated metals markets are showing it. Remember when they could dump in short contracts and knock silver down a few dollars in a couple days? Not any more. Now they dump in $billions at a time and barely affect spot prices. Food is expensive, the portions keep shrinking and much of the packaged stuff is non-food chemicals and low end ingredients, packaged to look appealing and loaded with flavor-bending MSG to trick your brain into thinking that something that tastes like $#@! actually tastes palatable.

I agree but prices are still rising slowly compared to the increase in the amount printed. There's a lot of catching up to do.

 

[mosquitobite]

June 16th:
https://www.peakprosperity.com/blog/109362/pin-pop-mother-all-bubbles

Honestly, from a planning and execution standpoint, I have to give the central banking cartel very high marks for pulling off such a magnificent heist almost completely undetected by the average person.

Of course, they needed lots of assistance from a compliant media.

Economic Propaganda
Propaganda – noun - information, especially of a biased, emotionally charged or misleading nature, used to promote a political cause or point of view.

June 27th: Why You Shouldn't Pay Off Your Mortgage