We've written frequently of late about the coming wave of off-lease vehicles that threatens to flood the used car market with excess supply, crush used car prices and simultaneously wreak havoc on the new car market as well.
Authored by Lance Roberts via RealInvestmentAdvice.com,
I discussed yesterday, the apparent “myth” of the Fed’s proposed “balance sheet reduction” program as the most recent analysis shows a $13.5 billion “reinvestment” into their balance sheet which has helped fuel the recent market advance.
But therein lies the potential “fatal flaw” of the “bullish logic.”
Overheard on CNBC today... "today we get proof this is not a bubble..."
Nope..
h/t @Stalingrad_Poor
It is hardly a secret that thanks to nearly $4 trillion (at least) in credit creation in 2017 - more than the rest of the developed world combined - China has been the proverbial (and debt-funded) "growth" dynamo behind the recent period of "coordinated global growth." Unfortunately, much if not all of this was window dressing for the just concluded 19th Communist Party Congress, which in not so many words, made Xi Jinping into a de facto emperor with no apparent or otherwise heirs.
Volatility in the Rand is surging in the run up to a conference when the ruling ANC could replace Jacob Zuma as its leader.
According to Bloomberg, the South African rand’s price swings are set to increase over the next two months as the ruling African National Congress prepares to replace President Jacob Zuma as party leader during a Dec. 16-20 conference.