Authored by Adam Taggart via PeakProsperity.com,
We're living through the most extraordinary period of monetary manipulation in all of human history. It’s as widespread as it is delusional.
Authored by David Stockman via The Daily Reckoning,
Just call it Peak Crazy and move on. There is absolutely no reason for the stock markets to be at current levels, let alone melting-up day after day. The fact that this is happening is a measure of how impaired capital markets have become as a result of massive central bank intrusion.
The robo-machines and day traders keep buying the dips because that has “worked” for the last 100 months. There is nothing more to it than residual momentum.
Authored by Kevin Muir via The Macro Tourist blog,
I don’t regularly watch CNBC, but last week while on vacation, I turned on the Sirius XM radio and was instantly assaulted with Jim Cramer’s shrieking. I was about to turn the channel when he shouted how the “billionaire bears” might finally be catching a break with the stock market downdraft.
I have to give Cramer credit, that’s a good line to describe the growing cohort of negative investment legends. Wondering if Jim came up with it on his own, I googled it.
Buy Gold Urges Dalio on Linkedin - "Militaristic Leaders Playing Chicken Risks Hellacious War"
Authored by Wolf Richter via WolfStreet.com,
Are we blinded yet by the brilliance of corporate earnings?
“Adjusted” earnings growth is 10.2% year-over-year in the second quarter, according to FactSet, based on the 91% of the companies in the S&P 500 that have reported results. The energy sector was a key driver, with 332% “adjusted” earnings growth from the oil-bust levels of a year ago.