Financial Crash Warning: Markets to ‘be hit’ by triple collapse ‘worse’ than 2008 crisis

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The next crash could be even bigger than 2008, according to Mike Maloney [GETTY]

 

THE next financial crisis will be worse than the collapse seen in 2008, and investors should seek shelter from the storm in precious metals and crypto currencies, according to an analyst who has predicted a triple market burst.

Mike Maloney said housing, bond and stock markets are now in for a big fall, after forming an ‘everything bubble’ which will have devastating effects when it bursts.

The crash will push investors into gold, silver and the likes of bitcoin, according to the gold analyst. Continue reading

Warning Signs a Stock Market Crash Is Coming

The Dow has soared 13% since Election Day, and just last week (Feb. 10), all three major indexes closed at all-time highs. The “Trump Rally” has been great for stocks, but some observers are starting to wonder if soaring highs mean a stock market crash is coming.

No one can predict a stock market crash with 100% certainty. But we want our readers to be as informed as possible about what could happen in the market.

That’s why we’re looking into historic stock market crashes to identify warning signs that can be used now. Continue reading

FINANCIAL CRACK-UP: Nomi Prins Just Warned When The System Crashes This Time, It Will Crash Harder

Please see the source for the audio interview.

 

Nomi Prins, who meets with people from the Federal Reserve, IMF, World Bank, foreign central banks and high-raking government officials across the globe, just warned when the system crashes time time, it will crash harder.

Nomi Prins:  “The financial system is fragile.  It (the crackup) has been contained for 8 going on what will be 9 years of cheap money, bond subsidization, banking subsidization, and of a codependency that is very fragile.  I don’t know when that gives.  I’ve tried to guess this throughout the years, but the point is that it only increases in its tension and its (ultimate) downfall with every day that it’s been subsidized artificially… Continue reading

Trump Predicts U.S. Economic ‘Bubble’ Could Soon Burst

Billionaire Donald Trump sees economic clouds hovering above the U.S. economy. And if it’s going to rain, he wants the precipitation to fall while President Barack Obama is still in the White House.

“Remember the word bubble? You heard it here first,” the Republican presidential front-runner told about 1,200 people at a rally Saturday afternoon in Cedar Rapids, Iowa. “I don’t want to sound rude, but I hope if it explodes, it’s going to be now, rather than two months into another administration.” Continue reading

2015.75 Seems to be On Target

We have been warning that this turning point was different. Instead of a crash in private assets, as in 1998.55 or 2007.15 when the Case-Schiller peaked to the day, this time it was in government. Putin bombed Syria precisely on the day of the turning point (9/30/2015), but there were many stocks that bottomed with 9/30/2015. Continue reading

We Have Hit Keynesian Nirvana: A Third Of All Containers Shipped From Long Beach Port Are Empty

In the past several months, it has been virtually impossible to make any sense of the conflicting trends involving US and global trade. On one hand, there is global trade, which as we have covered since the spring, has been in a state of consistent decline. Some example of this:

Where things get more complicated, however, is when looking at the US. Here, macro data throughout the summer had suggested more or less smooth sailing in the trade space, and it was only a week ago that the facade started to crack, following the ugly advance trade report, when as we reported there was a “16% Surge In August Trade Deficit; Imports Jump As Exports Drop.” Continue reading

Global recession in next two years is ‘most likely’ scenario, says economist

Willem Buiter, chief economist at Citi and former Bank of England policymaker, warns China’s woes are set to spread

A “hard landing” for China is likely to plunge the world economy into recession in the next two years, Willem Buiter, chief global economist at Citigroup and a former Bank of England policymaker, has said.

As the Federal Reserve in Washington prepares to decide whether to defy warnings of economic fragility and push up interest rates next week, a research note by Citi’s experts warns of a 55% probability of global recession. Continue reading

Central banks can’t save the markets from a crash. They shouldn’t even try

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Financiers have come to expect central banks to help them out. Illustration: David Simonds for the Observer

 

Alarming data from China was met with a soothing hint about monetary policy. But treasuries cannot keep pumping cheap credit into a series of asset bubbles

Like children clinging to their parents, stock market traders turned to their central banks last week as they sought protection from the frightening economic figures coming out of China. Surely, they asked, the central banks would ward off the approaching bogeymen, as they had so many times since the 2008 crash.

The US Federal Reserve came up with the goods. William Dudley, president of the bank’s New York branch, hinted that the interest rate rise many had expected next month was likely to be delayed.

Continue reading

When Scary Headlines Don’t Scare – Climbing The Wall Of Complacency

From “Scary Headlines Don’t Deter Investors” by Bernard Condon, originally posted by Associated Press,

The U.S. economy is growing at a painfully slow pace. Greece still threatens the euro. Chinese stocks have just pulled out of a frightening free-fall. Big companies in the U.S. are struggling to boost profits.

You might think it’s been a rough year for investors, but it’s mostly been a smooth ride – and a profitable one.

Money is flowing into bonds issued by the riskiest of companies, home prices in some big U.S. cities are soaring, shares of technology companies are still near all-time highs – even after a drop this week – and auction houses are enjoying record sales of art. A Picasso painting sold at Christie’s for $179 million in May, the highest ever for an artwork at auction, prompting one dealer to exclaim, “I don’t really see an end to it.” Continue reading

Germanwings Co-Pilot “Deliberately Destroyed” Airplane, Identified As 28-Year Old German Citizen

In one of the most chilling segments of this morning’s press conference describing what was found on the cockpit voice recorder, screams were heard from passengers and crew as the realisation of what was about to happen struck them all. Prosecutor Brice Robin’s findings state that when the German Captain left the cockpit – following what appeared to be – the 28-year-old German co-pilot (who was alive to the end) refused to re-open the door and began an “intentional”, “controlled”, and “steady” descent as he “seems to have sought to destroy the plane.” Nothing indicates that this was a terrorist incident. Continue reading

Eight possible scenarios if Greece defaults and leaves the Eurozone

A look at possible scenarios if Greece defaults and leaves the Eurozone:

2. Bank runs

Regular citizens will empty their bank accounts before they converted into a new currency worth less than the previous one. The government may impose a freeze on withdrawal and banks from other countries that have lent to Greece could also collapse. Continue reading

Russia faces ‘perfect storm’ as reserves vanish and derivatives flash default warnings

BNP Paribas says Russia no longer has enough reserves to cover external debt and enters this crisis ‘twice as levered’ as it was before the Lehman crash

Central bank data show that a blitz of currency intervention depleted reserves by $26bn in the two weeks to December 26, the fastest pace of erosion since the crisis in Ukraine erupted early last year.

Credit defaults swaps (CDS) measuring bankruptcy risk for Russia spiked violently on Tuesday, surging by 100 basis points to 630, before falling back slightly.

Markit says this implies a 32pc expectation of a sovereign default over the next five years, the highest since Western sanctions and crumbling oil prices combined to cripple the Russian economy.

Continue reading

Dubai Stock Market Crashes

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The Dubai stock market crashed today, with the main index falling over 6.5%, after being down 8% at one point. Continue reading

Over-heating stock markets raise crash fears

The UK’s top professional investors think stock markets in the UK and US are over-valued raising fears of a crash

The number of investors who think the world’s leading stock markets such as the S&P 500 and the FTSE 100 are overvalued has reached its highest level yet, according to a survey of professional money managers completed by the CFA Society of the UK.

Continue reading

Dublin Cyclist Killed During Biking Trip In Miami County

Another high-ranking banker gone under mysterious circumstances, this time via hit-n-run.

A 56-year-old Dublin man was killed Saturday morning when he was struck by a car in Miami County.

Joseph Giampapa was riding alone on Troy-Sidney Road when he was struck by a car at about 11:08 a.m. Saturday morning. Continue reading