Prime Minister David Cameron has announced plans for an in-out Europe referendum to be held on June 23, 2016. Amid an emotional plea to the British public to stay in the EU, members of the public and Cabinet Ministers alike have noted that Cameron’s argument for staying in has embarrassingly backfired – saying that upon hearing his speech they are more persuaded to leave.
Via FinancialSense.com,
Bert Dohmen, founder of Dohmen Capital Research, is uber-bearish and believes that it is time for investors to panic (before everyone else does) given a potential collapse of the stock market greater than what we saw in 2008.
Here's what he had to say on Thursday's podcast:
"Over a year ago we said that we are now in a transition year from a bull market to a bear market and from a growing economy to a recession—and this could be a very deep recession...
Authored by GlobalGold's Claudio Grass, via Acting-Man.com,
With a Gloomy Start to 2016, a Bust Seems just Around the Corner
Markets have corrected substantially since the beginning of the year as most of the gains of the past two years have been erased. According to Bloomberg, 40 out of the largest 63 markets have dropped over 20%. The image below shows the performance of markets word-wide since their most recent peaks. Most markets are in a bear market phase or are at best experiencing a strong correction. The world is red!
Submitted by Ben Hunt via Salient Partner's Epsilon Theory blog,
Authored by John Coumarianos, originally posted at MarketWatch.com,
One view of what caused the Great Depression in the 1930s is that the Federal Reserve failed to prevent a collapse in the money supply.
This is the famous thesis of Milton Friedman’s and Anna Schwartz’s A Monetary History of the United States, 1867-1960, and it was, more or less, the view of Ben Bernanke when he was chairman of the Federal Reserve.
The global economy today resembles that of the 1930s in several ominous ways.