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Goldman's Bear Market Indicator Shows Crash Dead Ahead: "Should We Be Worried?"

Goldman's Bear Market Indicator Shows Crash Dead Ahead: "Should We Be Worried?"

On Thursday, just as the S&P hit its latest all time high, the broad US equity index surpassed the 266% increase recorded during the 1949 to 1956 bull market from its March 2009 "generational lows", in the process becoming the 3rd strongest bull market - artificial and central bank-driven as it may be - in history.

It also prompted Citi to calculate the odds of an imminent market correction (one starting in the next 3 months) at 45%. 

WSJ Reports That Trump Won't Withdraw From Paris Deal, White House Denies

Update: it took about 10 minutes for the White House to deny the WSJ report, with the NYT and Bloomberg reporting that a White House spokesman has denied the WSJ story claiming US might stay in Paris accords, saying "position hasn't changed."  Bloomberg confirms the White House comment, stating that there is "no change" in the US position on the Paris Deal, and that US will withdraw unless presented with "more favorable terms."

Nearly 60% Of Americans Support 'Military Action' Against North Korea

Nearly 60% Of Americans Support 'Military Action' Against North Korea

So much for “American first.”

As tensions between the US, its regional allies and North Korea escalate to levels unseen since the end of the Korea war, more Americans are saying they would support some form of military action against the country as a “last resort” should the US’s “diplomatic efforts” fail to convince the regime to surrender, or at least arrest, its nuclear program, according to a Gallup poll.

North Korea Vows To Complete Nuke Program, Reach "Military Equilibrium" With The US

North Korea Vows To Complete Nuke Program, Reach "Military Equilibrium" With The US

Shortly after the UN Security Council "strongly condemned" North Korea’s “highly provocative” ballistic missile launch over Japan on Friday, Kim Jong Un vowed he would complete his nation's nuclear program despite escalating international sanctions. On Saturday, state-run news agency KCNA quoted the leader, who said that North Korea is nearing its goal of "equilibrium of real force” with the U.S. and claimed that North Korea's nuclear program is nearly complete.

Suddenly, "De-Dollarization" Is A Thing

Authored by John Rubino via DollarCollapse.com,

For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar.

China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.

These were challenges to the dollar’s dominance, but they weren’t mortal threats.

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