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.
With the biggest single-day drop in over 4 years, US High-Yield bond prices have collapsed to their lowest levels since July 2009. Crucially, it's not just energy companies as the painful illqiuidty has careened across the entire space, not helped by fund liquidations and the biggest outflows since August 2014.
As we warned here, and confirmed here, something has blown-up in high-yield...
With the biggest discount to NAV since 2011...
Bail-Ins “Undermine Confidence” In Banks - Lead to Suicide of Pensioner
Bank 'bail-ins' and the new international bail-in regime that impose losses on bank investors, bondholders and even depositors may undermine the confidence of small savers in the banking system, a senior Bank of Italy official warned on Wednesday.
Protect Your Savings From The Wrecking Ball
Putting the 'mad' in Maduro. Venezuela's heavy crude oil price just crashed almost 9% to $31.24... its lowest since December 2004. Time for another 'swap' with China?
Charts: Bloomberg
Submitted by Jim Quinn via The Burning Platform blog,
“Above all, don’t lie to yourself. The man who lies to himself and listens to his own lie comes to a point that he cannot distinguish the truth within him, or around him, and so loses all respect for himself and for others. And having no respect he ceases to love.” – Fyodor Dostoyevsky, The Brothers Karamazov