Stockman Exposes "The Black Swan In Plain Sight" - Debt Out The Wazoo
Authored by David Stockman via Contra Corner blog,
The black swan in plain sight does emit the Donald's orangish glow, but at the end of the day its true color is actually red.
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Stock and Awe, Bears in Bondage
The following article by David Haggith was published on The Great Recession Blog:
THE U.S. STOCK MARKET: Highly Inflated Bubble To Super-Charged Tulip Mania
By the SRSrocco Report,
Bitcoin Rebounds Sharply After Gartman Predicts Drop
Having tumbled from record highs near $7600 to $6900 in the last two days, Bitcoin is rebounding this morning, back to $7250 following condemnation from Dennis Gartman and blessing from 'father of financial futures' Leo Melamed.
Gartman issued the following statement overnight...
BITCOIN: A Bubble Bursting… Maybe?: Our antipathy toward Bitcoin specifically and toward the crypto-currencies generically is widely known but yesterday’s action does look like a “reversal” to the downside… finally.
Global Stock Meltup Sends Nikkei To 25 Year High
The global risk levitation continues, sending Asian stocks just shy of records, to the highest since November 2007 and Japan's Nikkei topped 22,750 - a level last seen in 1992 - while European shares and US equity futures were mixed, and the dollar rose across the board, gains accelerating through the European session with EURUSD sumping below 1.16 shortly German industrial output shrank more than forecast, eventually dropping to the lowest point since last month’s ECB meeting.