Brace Yourselves: A Crash Is Coming

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This post Brace Yourselves: A Crash Is Coming appeared first on Daily Reckoning. I know we are in the midst of a joyous time of year, but that doesn’t mean the world has stopped turning. And the start of 2019 brings us to a critical moment. We’re on the brink of the third wave crash.… Read More

The World's Biggest Investors Paint A Gloomy Picture For 2019

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As is usually the case after the holidays, inquiring minds turn their attention to how various assets will fare in the coming new year. To answer this question, Bloomberg recently published a sample of opinions from top portfolio managers and strategists who shared their views on all asset classes heading into the new year. The common theme:… Read More

Nomura Updates Its "Nightmare" Chart

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One week ago, ahead of an especially violent selloff in the stock market – and yesterday’s historic rally – Nomura’s head of cross-asset strategy Charlie McElligott showed what has been dubbed a “nightmare” (or “forced goalseeking” according to some) chart, according to which plotting the current selloff since the Sept 20 high, and screening back… Read More

Why Stocks Are Soaring: A Massive, $64 Billion Buy Order

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Last Friday, when stocks were tumbling, we reported “some good news for the bulls” which was lost in the overall chaos over the latest mutual fund liquidation discussed earlier. And no, we did not anticipate that President Trump would activate the Plunge Protection Team over the weekend: the good news in question was that as… Read More

Stunning Images Emerge After Massive Restaurant Explosion In Japan; Dozens Injured

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Over 40 people were injured following a major explosion at a two-story izakaya bar in the Japanese town of Sapporo, Hokkaido on Sunday evening.  平岸の居酒屋がガス爆発して火災も起きました。 周辺は封鎖されてます。 平岸駅すぐ近くです。 — Yuta Morochi (@yutamorichi) December 16, 2018 Police are investigating the cause of the blast, currently believed to be a gas explosion at approximately 8:30 p.m. local… Read More

Das: "The Bubble Is Losing Air. Get Ready For A Crisis"

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Authored by Satyajit Das, The shift to tighter monetary policies in the West is weakening credit markets. Over-indebted emerging markets face headwinds from rising borrowing costs and dollar shortages… Investors need to focus on their response to financial stresses in an era in which policymakers will be constrained. The “everything bubble” is deflating. The fact… Read More

Zhang Shoucheng Was Being Touted For A Nobel Prize in Physics; Why Did He Kill Himself?

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Authored by Steven Mosher via The Epoch Times, On Nov. 20 President Trump’s trade advisor, Robert Lighthizer, issued an exhaustive report on China’s efforts to beg, borrow, and steal U.S. intellectual property. Eleven days later, on Dec. 1, Stanford University Professor Zhang Shoucheng, who had been collaborating with the Beijing regime’s drive to dominate hi-tech under its… Read More

What America Has Done To Its Young People Is Appalling

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Authored by James Ostrowski via, Critics are perhaps too quick to judge America’s young people, citing declining SAT scores, obesity, drug overdoses, addiction to smart phones, bizarre alterations of personal appearance and high rates of (alleged) mental illness.  It’s just too easy to be annoyed at how some of the cashiers at the local… Read More

"Like Walking On Eggshells" – Women Say #MeToo Is Hurting Their Prospects For A Wall Street Career

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Considering Wall Street’s reputation as a bastion of sexism and conservative values, the big banks and their peers on the buy side have largely avoided the embarrassing sexual misconduct scandals that have plagued other industries (like Hollywood, where seemingly every man – serial rapists and controlling boyfriends alike – who has ever mistreated a woman… Read More