Business

Having seen what monetary-policy failure looks like in Japan.. and in the US, we now turn our attention to the world. Amid NIRP temptations, growth fears, and faltering faith in central banker control, market-implied inflation expectations have collapsed to record lows. Worse still, even The Fed's own survey of consumer's inflation expectations has slumped to record lows.

Inflation expectations are collapsing... (US and Europe at record lows - worse than the lows in the middle of the last crisis)...

Submitted by Jeffrey Snider via Alhambra Investment Partners,

Is this what they call a "trust fall"?

Submitted by Lance Roberts via RealInvestmentAdvice.com,

In this past weekend’s newsletter, I discussed the formation of a very important “head and shoulders” topping pattern in the market.

I know…I know. As soon as I wrote that I could almost hear the cries of the “perma-bull” crowd exclaiming “how many times have we heard that before.” 

The on-the-run WTI crude futures price just plunged to $27.27 (for the March contract) which is a new cycle low for black gold (below March's previous "This is the low" lows in January.) It should not be entirely surprising since US Energy credit risk has spiked once again to new record highs.

Oil hits new cycle lows...

As even investment grade emergy credit risk spikes to record highs...

The real swarm of bankruptcies has yet to begin but CHK will be the first biggest test.