"Obama Set Up The Next President For A Major Recession"... And A Giant Crash Is Coming
As SHTFPlan.com's Mac Slavo points out...
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FX Markets Signal Brexit-Like Disruption As Italy Referendum Looms
FX traders are pricing in as big a potential disruption event for Italy's referendum as they did (correctly) for the Brexit vote. So-called 'currency-vigilantes' are buying EURUSD protection across the Dec 4th date of the vote in size as Italian bond spreads (over Bunds) push to 30-month highs.
Struggling Euro Zone Nations Increasingly Forced To Turn To Hedge Funds For Debt Funding
With pensions around the world increasingly reallocated funds to equity markets in a desparate effort to close funding gaps amid recklessly low central banking rates, and traditional banks tapped out by regulatory restrictions on their balance sheets, struggling Euro Zone countries are increasingly being forced to turn to hedge funds to fill their debt issuances. As Reuters points out, struggling nations like Spain, Italy, Belgium and France have seen a 3x increase in debt issuance allocations to hedge funds.
Equity Market Melt-Up Continues: Dow Futures Top 19,000, S&P Breaks 2,200
In the words of the great philosopher Buzz Lightyear, "to infinity and beyond." Oil's incessant liftathon - on hopes that a production freeze at record highs will seriously impact a record seasonal glut - appears to have sparked more panic-buying in stocks overnight as no news whatsoever has the machines incessantly bidding futures, pushing Dow futures over 19,000 and S&P futures over 2,200. Bonds are flat, USDJPY is flat, and offshore yuan is modestly weaker once again.
After Trump Win, Ad Agencies Admit They're Clueless On How To Market To Midwest Consumers
Donald Trump's election taught politicians several valuable lessons, including, but certainly not limited to, the following: