Presented with no comment...

The Answer is here (don't look until you have had a guess!)

Amid the biggest weekly collapse in high-yield bonds since March 2009, Carl Icahn gently reminds investors that he saw this coming... and that it's only just getting started!

As we warned here, and confirmed here, something has blown-up in high-yield...

With the biggest discount to NAV since 2011...

The carnage is across the entire credit complex... with yields on 'triple hooks' back to 2009 levels...

As fund outflows explode..

And here's why equity investors simply can't ignore it anymore...

One of the catalysts for today's selloff was the thoroughly unexpected announcement by the Chinese Foreign Exchange Trade System (part of the PBOC), which as we said earlier, hints at substantially more devaluation of the Chinese currency, a currency which as is well-known, is pegged to a dollar which has been soaring in the past year, and which many believe will continue to soar after the Fed hikes rates.

This is what the CFETS said:

The philosophical underpinning of the Republican Party since Richard Nixon has been an affinity for fascism for sake of power, Aryan privilege and greed.

Submitted by John Rubino via DollarCollapse.com,

Here’s one for the "actions speak louder than words" file:

Massive insider selling spurs stock market concerns

 

(CNBC) – Corporate insiders have been selling their shares at near-record levels, and according to some, this could be a sign for outside investors to start selling as well.