While pundits contemplate whether the bitcoin bubble is bigger, smaller or the same size as the dot com bubble, few are willing to admit that day to day events in the equity market are just as ridiculous, bubbly and bizarre as what takes place in the crypto realm.
Authored by John Rubino via DollarCollapse.com,
The yield curve is one of those indicators that most people have heard of but few can explain. In part this is because it’s usually a non-issue, only becoming important enough to argue about during the final year of long expansions.
Like now:
Yield curve flattening maintains relentless momentum
Following yesterday's missile launch from North Korea, Senator Lindsey Graham joined CNN's Wolf Blitzer to warn that the U.S. is "headed to war" with the "crazy man" in North Korea "if things don't change." Here are some excerpts from the interview via RT:
The US will go to war with North Korea "if things don't change," Sen. Lindsay Graham said, acknowledging that "a lot of people would get hurt and killed." Meanwhile, Russia and China have once again urged for both sides to exercise restraint and dialogue.
We own gold bullion to "support national security" - Russian Central Bank
US equity futures continued their push higher into record territory overnight (ES +0.1%), and the VIX is 1.5% lower and back under 10, after yesterday's blistering surge in US stocks which jumped 1%, the most since Sept. 11, following Powell's deregulation promise, ahead of today's 2nd estimate of U.S. Q3 GDP which is expected to be revised up. U.S.