For my updated view on growing financial asset market bubbles in the US, specifically US Stock Markets, corporate Junk bonds, Covenant-Lite Loans, Pension Funds, and Bitcoin-Crypto Currency markets, listen to my Alternative Visions radio show of friday, November 17, 2017.
GO TO:
http://prn.fm/?s=Alternative+Visions
Or GOT TO:
http://alternativevisions.podbean.com
SHOW ANNOUNCEMENT
Dr. Rasmus reviews conditions in the three financial markets approaching or at bubble levels. Causes of excess demand driving prices in US equity markets are discussed—including Fed near zero interest rate policies since 2008; record corporate profits and $1 trillion annual stock buybacks and dividend payouts; multi-trillion $ corporate bond issuance; shift to ETFs and passive investing in stock markets; foreign money capital inflows to US; record margin debt issues in stocks; and Trump policies of multi-trillion dollar corporate/investor tax cuts, business deregulation, low US$ exchange rate policy, and expectations of infrastructure spending and free trade deal renegotiations. Trump policies as new subsidization of capital incomes via fiscal-trade policy, as central bank (Fed) reduces its subsidization of capital monetary policies. Warnings of financial instability growing by Bank of America and hedge fund multi-billionaire, Paul Singer. Rasmus looks at other candidates for financial instability as well—pension funds’ hike risk investing practices, trend toward ‘covenant-lite’ lending, emerging junk bond selloff underway in Telecom sector and in China, and Bitcoin and crypto currencies extreme price bubbles. (Next week: The US Senate’s Trump Tax Cuts).
Hi Jack, many nations are out of money…
Here is something I want you to see – both the post & comment:
https://ronmamita.wordpress.com/2017/11/18/1717-establishments-matrix-became-bizarro-world/#comment-24348
So let me get this straight – – – the research arms of the same financial institutions who are bringing on economic collapse – – – are predicting economic collapse.
The analogy is to Exxon whose research scientist concluded in the late 1970s that Exxon’s waste CO2 would bring on environmental collapse. So what was the response of Exxon’s leadership? – – – – A decades long disinformation campaign, the building of higher ocean drilling rigs to avoid problems with sea level rise, and the extraction of oil from the thawing Arctic Circle areas.
We are truly facing the abyss