Early last month, just as Puerto Rico Governor Alejandro García Padilla traveled to Capitol Hill in an ill-fated effort to convince lawmakers that the island’s various bankrupt public entities should be allowed to utilize US bankruptcy laws, PREPA (the commonwealth’s heavily indebted power utility) was busy cementing the largest restructuring in muni market history.
The deterioration of the indicators highlighted below point to a downside break for the late-stage cyclical bull market from 2009, according to BofAML. Should 1,867 decisively give way, the 1820 (October 2014 low) provides additional support but the bigger risk is a top that projects down to 1,600-1,575; and derspite the last 2 days' bounce, volume and breadth suggest a market under distribution or selling pressure, not primed for new highs.
Many indicators have rolled over in advance of price
Deflation Threatens to Swallow the World
Many high-powered people and institutions say that deflation is threatening much of the world’s economy …
China may export deflation to the rest of the world.
Japan is mired in deflation.
Economists are afraid that deflation will hit Hong Kong.
The Telegraph reported last week:
RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.
The US war against ISIS and other terrorist organisation is “a total hoax” due to the fact that Washington created these organisations in order to implement it’s policy in the Middle East, a political analyst has claimed. Writer and analyst Stephen Lendman says American’s role in the Middle East is to destabilize and devastate its populations, and has absolutely nothing to do with destroying fake terrorist organisations such as ISIS and al-Qaeda. “America’s so-called war on terrorism is a total hoax.
The United States have announced plans to potentially invade Libya, citing the threat ISIS expanding into the North African nation as justification. Washington said that “decisive military action” is needed in order to wipe out ISIS militants in Libya. US General Joseph Dunford, chairman of the Joint Chiefs of Staff, told the New York Times, “It’s fair to say that we’re looking to take decisive military action against [Daesh] in conjunction with the political process in Libya. The president has made clear that we have the authority to use military force“.