Submitted by John Rubino via DollarCollapse.com,
Not so long ago the financial world viewed certain numbers as limits beyond which lay trouble. Interest rates near zero, for instance, were thought to risk destabilizing the banking system. And government fiscal deficits above 3% were considered so dangerous that exceeding this level was prohibited by the Maastricht treaty that all eurozone members were required to sign.
Despite collapsing earnings expectations and weaker than expected macro data, US equity markets have 'lifted off' since mid-February erasing the entire year's losses...
And all it took was the coordinated easing from most of the world's largest central banks...
h/t @NorthmanTrader
Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
But of that day and that hour knoweth no man, no, not the angels which are in heaven, neither the Son, but the Father.
– Mark 13:32
La Mort, photograph of her good side.
Bigger Than a Bear Market
Perfectly bottom-ticking the Russia stock market in March 2014, The White House's Jay Carney suggested investors "not invest in Russian equities right now." Since then MICEX has soared 55% to fresh 8-year highs (closing in on record highs) and is the best-forming asset since the March 2009 lows.
In March 2014...
Carney warns of impact on Russian stock market. "If I were you, I wouldn't invest in Russian equities right now."
— Mark Knoller (@markknoller) March 18, 2014
For the first time since mid-December, the US oil rig count increased (by 1 to 387) tracking a lagged crude price perfectly. The total rig count dropped to a fresh record low (-4 to 476). The early weakness in WTI Crude is extending on this news...
First rise in 12 weeks...
But the total rig count tumbled to fresh record lows...
The reaction was extnding the losses...