Dow craters 800 points as panic trading continues across the globe. Here is what you need to know as records are being broken in many world markets, plus a bold prediction about where the unfolding crisis is headed.
This Crisis Will Be Worse Than 2008
August 14 (King World News) – Peter Schiff: “The financial industry and media have not been this clueless about the U.S. economy, and what’s waiting around the corner, since the months leading up to the 2008 financial crisis. The only difference between then and now is that the coming economic crisis will be far worse!”
“QE Is All Myth, Purely A Puppet Show”
Jeff Snider at Alhambra: “The European economy was never booming; monetary policy has failed everywhere since 2007. QE is all myth, purely a puppet show. Now we have to watch the tinderbox that is Europe deal with another recession having never recovered from the last TWO. Another QE could blow it up (see below).
THE TINDERBOX THAT IS EUROPE: “Another QE Could Blow It Up”
Jeff Snider at Alhambra Partners: “With Germany on the verge of recession, if not already in one. To reiterate: the German bond market has been right about the German economy, so the US bond market…(see below).
German Bond Market Has Been Right About Its Economy, So The US Bond Market
What A Ride
Charlie Bilello: “On October 26, 1981 the 30-Year Treasury yield hit an all-time high of 15.21%. Today it hit a new all-time low of 2.02%. (See below).
WHAT A RIDE: 30-Year Treasury Yield Hit All-Time High Of 15.21% In 1981
Today It Hit A New All-Time Low Of 2.02%
Yes, Things Are Seriously Deteriorating
Charlie Bilello: “US 10-Year minus 2-Year Yield…
Aug ’09: 2.48%
Aug ’10: 2.14%
Aug ’11: 2.10%
Aug ’12: 1.46%
Aug ’13: 2.37%
Aug ’14: 1.98%
Aug ’15: 1.47%
Aug ’16: 0.83%
Aug ’17: 0.89%
Aug ’18: 0.26%
Today: -0.003% (first inversion since Aug 2007)
US Yields To Go Negative?
Albert Edwards, Former Global Strategist at Societe Generale: “What’s the big deal with the US 10y bond rally? It’s just catching up with the global PMI. The big move is from here is not to +1% but to minus 1%. (See below).
Edwards Predicts US 10-Year Yield Is Headed To Negative 1%!
Jason Goepfert at SentimenTrader: “According to the Investment Company Institute, itchy traders pulled more than $21 billion out of equity ETFs last week. That’s the most since…well, ever.”…
Fasten Your Seatbelts
Holger Zschaepitz: “Fasten your seat belts! EuroStoxx Banks Index has dropped below critical threshold of 80. (See below).
CAUTION: EuroStoxx Bank Index Drops Below Critical Threshold Of 80
Crucial Moment For Markets
D. Schrottenbaum: “Looks like a crucial moment in markets:
• Many equity indices at major support levels (Nikkei, S&P, DAX..)
• Breakouts in save haven assets confirmed (Gold,Silver,Yen, Chf)
• while yield curve inversion goes mainstream
Far From Capitulation
Jeroen Blokland: “The VIX Index spikes 26% today, but remains far from capitulation levels. (See below).
Plunge In Stocks May Continue As VIX Is Far From Capitulation Levels
Global Disaster Unfolding, Gold & Silver Surge, Plus A Big Surprise
READ THIS NEXT! Global Disaster Unfolding As Dow Plunges 600, World Bond Yields Tumble And Gold & Silver Surge, But Here Is The Biggest Surprise CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
“There’s Something Bigger At Work Here,” Inflation Warning, Plus An Important Look At Gold & Silver CLICK HERE TO READ
Pomboy Warns Of Hysterical Blindness In Markets, Wild Trading In Gold, Cashin – A Whole New Set Of Fears To Digest CLICK HERE TO READ
Gold Surges $25 And Silver Soars 3% As Global Panic Continues, Plus The Most Important Red Line Of Any Chart In History CLICK HERE TO READ
A Historic Day For Markets! Plus Treasuries & Gold Remain The Flight To Safety CLICK HERE TO READ
One Of Gerald’s Best
One of Celente’s best interviews this year has now been released and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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