While Central Banks have gone all in, including the BOJ with additional QE measures of $100 billion, to bail out financial markets and banks following the “Brexit” referendum, it could backfire badly if the US dollar rises from foreign inflows. As shown below, a stronger dollar will provide another headwind to already weak earnings and oil prices in the months ahead which could put a damper on the expected year-end “hockey stick” recovery currently expected.
https://realinvestmentadvice.com/technically-speaking-breakout-or-market-meltup/
Delinquency Rates Rising – Is A New Banking Crisis imminent?
The delinquency rate on loans is
key in understanding banking. It answers one question: what percentage
of loans is overdue for payment? The delinquency rate is by far the most
useful indicator for “credit stress.” It seems, however, as if
delinquency no longer counts. Few are paying attention to the quick and
sudden rise of the delinquency rate. What does it tell us and is a new
banking crisis imminent?
…https://mises.org/blog/delinquency-rates-rising-new-crisis-approaching
Former FDIC Chair Sheila Bair expects more pain ahead for US banks
“I think it’s been ill-advised to rely on monetary policy, but that still appears to be the only game in town.”
http://www.cnbc.com/2016/07/11/former-fdic-chair-sheila-bair-expects-more-pain-ahead-for-us-banks.html
Gerald Celente-Panic Of 2016 At The Doorstep
Published on Jul 10, 2016
At the beginning of this year, Gerald Celente,
the publisher of the Trends Journal, put out a magazine cover that
predicted the “Panic of 2016.” How close are we to the “panic”? Celente
says, “We are at the doorstep, and it’s ready to go. Look at gold
prices. Look at how they have been going up. They are up 28% year to
date. I ask people, would you buy a bond where you know you are going to
get less back than what you paid for it in 10 years? Or, do you think
gold prices will be higher in 10 years than they are now? That’s why you
are seeing gold as the safe haven.”
Join Greg Hunter as he goes One-on-One with Gerald Celente, publisher of The Trends Journal.All links can be found here: http://usawatchdog.com/separate-laws-…
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