The great bull market in its last stages?

[katsung47]

The great bull market in its last stages? U.S. car sales fall sharply in June; Silicon Valley begins to crack visibly; October doom? Ron Paul predicts gold up 50% stocks down 25% this October
BY IWB · JULY 4, 2017

The great bull market in its last stages? U.S. car sales fall sharply in June; Silicon Valley begins to crack visibly; October doom? Ron Paul predicts gold up 50% stocks down 25% this October – InvestmentWatch

 

[dfens]

The stock market rises forever. The Jewish bankers have seen to that.

 

[katsung47]

Ron Paul: Not a 'total shock' if stocks plummet 25% and gold soars 50% by October

Stephanie Landsman | @stephlandsman
Sunday, 2 Jul 2017

A painful correction is coming and there's little that can be done to prevent it, according to former Republican congressman and libertarian firebrand Ron Paul

Ron Paul says it won't be a 'total shock' if stocks plummet 25% and gold soars 50% by October

 

[danielpalos]

A boom and bust, already? Way to go, right wingers.

 

[task0778]

Ron Paul isn't the only one who thinks a market correction is coming. All you have to do is google 'market correction' to get a bunch of people calling for a downturn, even a big downturn. Maybe even another recession. Historically I think we are overdue for at least a significant correction, might be sooner than later if we don't get that tax reform/cuts package through congress, let alone HCI reform. OTOH, the Fed is signaling a strengthening economy so I guess we'll see.

 

[katsung47]

As Sales Plunge, GM Might Cancel Six Car Models
by Wolf Richter • Jul 20, 2017

GM is getting whacked harder than any of the major automakers by the industry-wide plunge in car sales, as Americans switch in ever larger numbers from cars to “trucks,” which include pickups, van, SUVs and crossovers. In the first half of 2017, GM’s car sales in the US plunged 19%, and in June 38%.

The rest of the industry (without GM) booked declines in car sales of “only” 10% in the first half and 9% in June.

As Sales Plunge, GM Might Cancel Six Car Models

 

[katsung47]

The problem?

They haven’t been selling cars as fast as years past… and the inventory of unsold new cars is exploding! Just In 2017, car sales are down 70% in some segments.

And while the car dealerships would love it if everyone would buy a new car at full retail price… The fact remains that they’ve been forced by a huge backlog of inventory to quietly advertise massively discounted deals online.


Buy a Brand-New Car Online at Clearance Lot Pricing – The Daily Lifer

 

[danielpalos]

A fifteen dollar an hour minimum wage may help automakers.

 

[katsung47]

Silicon Valley Begins to Crack Visibly
by Wolf Richter • Jul 2, 2017

Chilling photos of for-lease signs lining the Great America Parkway

There are parts of Silicon Valley where commercial real estate is still hanging on, and there are parts where it has let go.

In Santa Clara, it has let go. Overall availability of office space in Santa Clara was nearly 19% in the first quarter, according to Savills Studley, up from 14% a year ago. Only two other areas in Silicon Valley – Milpitas and North San Jose – show greater availability at respectively 23% and a harrowing 30%.



Silicon Valley Begins to Crack Visibly

 

[katsung47]

De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

by Tyler Durden
Sep 3, 2017

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review


De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold | Zero Hedge

 

[katsung47]

Venezuela's Maduro says will shun U.S. dollar in favor of yuan, others

Reuters Reuters•September 7, 2017
By Deisy Buitrago and Corina Pons

CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Thursday hiscash-strapped country would seek to "free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies


Venezuela's Maduro says will shun U.S. dollar in favor of yuan, others

 

[katsung47]

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

Tyler Durden's picture
by Tyler Durden
Sep 16, 2017

http://www.zerohedge.com/sites/defa...s/user5/imageroot/bear market risk teaser.jpg

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

 

[katsung47]

It’s Over for Sears Canada
by Wolf Richter • Oct 10, 2017 •

Liquidation too for Toys “R” Us? The company filed for bankruptcy in the US and Canada to restructure, but it can’t solve what’s killing it.

It’s Over for Sears Canada

 

[katsung47]

Peter Schiff Warns Of "Calm Before The Storm"

by Tyler Durden
Oct 20, 2017

But interest rates are now at just 1.25%. If the stock market were again to drop in such a manner, the Fed has far less fire power to bring to bear. It could cut rates to zero and then re-launch another round of QE bond buying to flood the financial sector with liquidity. But that may not be nearly as effective as it was in 2008. Given that the big problem at that point was bad mortgage debt, the QE program’s purchase of mortgage bonds was a fairly effective solution (although we believe a misguided one). But propping up overvalued stocks, many of which have nothing to do with the financial sector, is a far more difficult challenge. The Fed may have to buy stocks on the open market, a tactic that has been used by the Bank of Japan.

It should be clear to anyone that since the 1990s the Fed has inflated three stock market bubbles. As each of the prior two popped, the Fed inflated larger ones to mitigate the damage. The tendency to cushion the downside and to then provide enough extra liquidity to send stock prices back to new highs seems to have emboldened investors to downplay the risks and focus on the potential gains. This has been particularly true given that the Fed’s low interest rate policies have caused traditionally conservative bond investors to seek higher returns in stocks. Without the Fed’s safety net, many of these investors perhaps would not be willing to walk this high wire.

But investors may be over-estimating the Fed's ability to blow up another bubble if the current one pops. Since this one is so large, the amount of stimulus required to inflate a larger one may produce the monetary equivalent of an overdose. It may be impossible to revive the markets without killing the dollar in the process. The currency crisis the Fed might unleash might prove more destructive to the economy than the repeat financial crisis it's hoping to avoid.

Peter Schiff Warns Of "Calm Before The Storm"

 

[katsung47]

"This Is Most Worrying": In One Year, Central Bank Liquidity Will Collapse From $2 Trillion To Zero Today at 12:25 pm


Is it complacency, or simply trader paralysis?

A question we first asked three months ago is getting a second wind this morning, when in a report by Deutsche Bank's Alan Ruskin - "Vol: freeze or flight?" - the macro strategist points out that "the new 2017 Nobel laureate for Economics is not the only one at a loss to explain low stock market volatility, and thinks investors are in ‘freeze mode’ in the midst of global uncertainties."
According to Ruskin, however, it's all about to change.

But why? And what is "the most likely causes of a shift to ‘flight mode’ and a rise in volatility? Here’s one possibility: by the end of next year, the combined expansion of all the major Central Bank balance sheets will have collapsed from a 12 month growth rate of $2 trillion per annum to zero."

"This Is Most Worrying": In One Year, Central Bank Liquidity Will Collapse From $2 Trillion To Zero

 

[katsung47]

China-Like Wages Now Part Of U.S. Employment Boom


AUG 4, 2017 Kenneth Rapoza ,

Starting pay at the Amazon warehouse, carved out of a large lot with a new road called Innovation Way designed for Amazon-bound trucks, is at $12.75, no degree required. For junior inventory clerks with warehousing experience, the pay is $14.70 an hour and requires a bachelor's degree. Operations managers are full time salaried positions that can pay upwards of six figures, a huge salary in southern Massachusetts.

Here's the math: a 30 hour work week at $15 an hour is $450 per week gross, or $1,800 a month. That comes out to less than $22,000 a year. At 40 hours, Amazon warehouse full timers, outside of management level employees, are earning $28,800 before taxes.

China-Like Wages Now Part Of U.S. Employment Boom

 

[airplanemechanic]

I wonder how the OP feels. Here we are almost in December and the stock markets are hitting record highs on an almost daily basis.