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Alternative Visions – Is A Global Bond Market Rout Brewing? – 06.30.17

Download this episode (right click and save) Dr. Rasmus reviews key decisions by central banks this past week that are making investors nervous about stock and bond market bubbles that have been created since 2008. Heads of central banks in Europe—the ECB and Bank of England—this week signaled they too may raise interest rates and sell off their QE balance …

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U.S. Bond Market’s Biggest Buyers Are Selling Like Never Before

Central banks have cut Treasuries for three straight quarters Pullback may be a sign the bond market is at a tipping point Share on FacebookShare on Twitter They’ve long been one of the most reliable sources of demand for U.S. government debt. But these days, foreign central banks have become yet another worry for investors in the world’s most important …

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Michael Snyder – Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again

The Dow closed above 18,000 on Monday for the first time since July.  Isn’t that great news?  I truly wish that it was.  If the Dow actually reflected economic reality, I could stop writing about “economic collapse” and start blogging about cats or football.  Unfortunately, the stock market and the economy are moving in two completely different directions right now.  …

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Bill Holter – Assets and Liabilities… And “Debt Saturation”

We live in a world where the difference between assets and liabilities has been blurred. In the old days, an asset was something you “owned” while a liability was something you “owed”. Over the years as everything became securitized, someone else’s liability is now routinely someone’s asset but ONLY thought of as an asset. It has always been this way …

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Pam Martens and Russ Martens – Pull Back the Curtain on Exchange Traded Funds and Out Pop Wall Street Mega Banks

The selloff in junk bonds has rattled the markets and is raising questions about just who it is that is providing liquidity to the junk bond Exchange Traded Funds (ETFs) — which have magically redeemed billions of dollars in withdrawals from retail investors while the underlying bonds in their portfolio are under severe stress in the broader marketplace. (Both a …

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Why The Great Petrodollar Unwind Could Be $2.5 Trillion Larger Than Anyone Thinks

Last weekend, we explained why it really all comes down to the death of the petrodollar. China’s transition to a new currency regime was supposed to represent a move towards a greater role for the market in determining the exchange rate for the yuan. That’s not exactly what happened. As BNP’s Mole Hau hilariously described it last week, “whereas the daily fix …

gold

Rory Hall – Something Is Broken In The Gold And Silver Markets

Earlier today I was speaking with Dave Kranzler and we fell into a discussion regarding the current state of gold and silver. This is how I described everything to Dave as we talked: Beginning in December, as Dave pointed out in Is The Global Financial System On The Brink Of Collapse?, something happened in the derivatives market and I believe …

federal reserve

How the Fed screwed up the bond market – Jeff Cox

Live by central bank liquidity; die by central bank liquidity. That could well become the mantra for a bond market that, after years of support by the Federal Reserve and its global counterparts, now finds itself suffering under the unintended consequences of the trillions in easing distributed to allay the fears of a market in crisis. “Liquidity,” in fact, is the word …

Failures of Central Banks, Interest Rates, Derivatives and Crisis in the Credit Market By Bill Holter

Global markets are changing drastically and showing volatilities like we saw back in late 2008.  I am not talking about stock markets, it is the debt and currency markets that are schizophrenic.  Oddly, even after all of the various Western “QE’s”, liquidity suddenly looks like it is drying up.  A great article as to why even the depth in the …

Russia, China and the Battle Against Dollar Hegemony by MICHAEL HUDSON and THE SAKER

The Saker: We hear that the Ukraine will have to declare a default, but that it will probably be a “technical” default as opposed to an official one. Some say that the decision of the Rada to allow Iatseniuk to chose whom to pay is already such a “technical default”. Is there such thing as a “technical default” and, if …