Mark 4: 24-25 NLT

For
everything that is hidden will eventually be brought into the open, and every
secret will be brought to light.
Anyone
with ears to hear should listen and understand.”
Then he added, “Pay close attention to what you hear. The closer you listen, the more
understanding you will be given
—and you will receive even more.
To
those who listen to my teaching, more understanding will be given
.
But for those
who are not listening, even what little understanding they have will be taken
away from them.”

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Sunday, August 16, 2015

BIG NAMES Warning of BIG COLLAPSE


Art Cashin, a 50 year Wall Street vet, has never sounded so doomy:
Art Cashin Warns Worldwide Liquidation Scramble Could Morph Into Full-Blown 2008-Style Collapse
*Things Could Begin To Get Out Of Control 2008-Style — Plan Your Exit*
“My concern is that the central banks continue to be in almost a game of ‘chicken’ here. And as we saw in 2008, and at other times in my 50-year career, markets can sometimes tilt and totter out of control. I don’t think anybody is in a full position to control things here, and unless they (central banks) work together, and the signs of a currency war don’t indicate that’s happening, then things could begin to move out of control.”
You could begin to see some of the emerging nations suffer, fail to pay their debts and start to see that situation spiraling (downward). We’ve seen it before. We’ve seen things like this in 2008, and the only way you get through 50 years in this business is whenever I walk in a room I look for the exit sign to know where my out is.”
http://kingworldnews.com/art-cashin-warns-worldwide-liquidation-scramble-could-morph-into-full-blown-2008-style-collapse/
SocGen’s Albert Edwards is also ringing the alarm bell, saying faith in central banking is coming to an end:
China could trigger the biggest financial rout since 2008
“As investors realise yet another recession beckons, without any normalisation of either interest rates or fiscal imbalances in this cycle, expect a financial market rout every bit as large as 2008.
Prepare for sub-1% 10y Treasury yields and another financial crisis as policy impotence is soon revealed to all.”
http://www.marketwatch.com/story/china-could-trigger-the-biggest-financial-rout-since-2008-2015-08-12?page=1
And Harry Dent. While I disagree with some of his views, he’s right about the coming global deflation. In an intervew with AJ last week, Harry Dent said the crisis is coming in a few weeks. In fact, he said BE OUT OF THE MARKET BY AUGUST 25TH. What’s going to happen? China is going to cause a global economic crash on par with 2008. He expects a 40% initial collapse in equities, which will continue to spiral downward for a few years, with the DOW bottoming around 5000. He believes crude will hit $32 shortly (and much lower long term) as the deflationary black hole sucks the life out of the global economy. While China is the global trigger, watch the Junk Bond market because it is going to implode. Full interview:
http://investmentwatchblog.com/big-names-warning-of-big-collapse/

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