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We've spent "billions and billions and billions" propping up this bubble...and all we get is this market meltdown:

Anyone who thinks that the largest asset bubble in history, which formed over 11 years, is going to simply resolve in a mere 3 weeks, is completely delusional.

That includes everyone who is trying to find the bottom in the market this early - put the crack pipe down!

$SPY $QQQ
What we're experiencing now is the bursting of the household wealth bubble.

I made news headlines for warning about that exact scenario in 2018:

marketwatch.com/story/analyst-…

barrons.com/articles/u-s-h…

@bkollmeyer $QQQ $SPY
Is this not what we’re experiencing now? barrons.com/articles/u-s-h…
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Jesse Colombo
@TheBubbleBubble
I want to discuss why the U.S. Dollar is surging...

This is because a massive bubble in emerging markets that formed from 2009 to 2019 has burst, which is creating a short-squeeze in Dollars.

Image
See this thread for more details about the emerging markets bubble that is currently imploding:

The emerging markets bubble formed due to the extremely stimulative actions of central banks after the '08 Crisis.

Record low interest rates & QE caused a "tsunami of liquidity" to flow into EM bonds, pushing yields to record lows.

That created property & credit bubbles in EMs.
Read 7 tweets
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Jesse Colombo
@TheBubbleBubble
Corporate bonds are in a meltdown because the corporate debt bubble is bursting. See my warning about this bubble in Forbes (it's from late-2018, but is still relevant): forbes.com/sites/jessecol… $LQD $HYG
The corporate debt bubble is one of the bubbles that I've been saying will cause the next depression/recession (yes, I said that pre-coronavirus...because it was true then and it's true now).

After the Financial Crisis, U.S. corporate debt surged by over $2.5 trillion or 40%.

That debt binge was a major driver of our bogus economic recovery.

That's why I called it a "Bubblecovery"!

Now, it's all falling apart - very predictable

forbes.com/sites/jessecol… $LQD $HYG
Read 8 tweets
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Jesse Colombo
@TheBubbleBubble
Emerging Currencies Face Losses of Up to 30%: bloomberg.com/news/articles/… Image
Emerging markets are currently experiencing foreign capital outflows that are even worse than the 2008 Global Financial Crisis & 2013 "Taper Tantrum." h/t: @econchart Image
Here's what's happening: the emerging markets bubble is now bursting.

I've been saying that this will be one of the bubbles that will contribute to the coming recession/depression.

That's exactly what is happening...

forbes.com/sites/jessecol… Image
Read 5 tweets

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Derek “unreliable narrator” Simon
@DartmouthDerek
Anyone who thinks that decal depicts a *consensual* sex act with a *17 year-old* should have to hand in their badge 660citynews.com/2020/02/28/rcm…
Also, defending it by saying that there are even more graphic and obscene stickers making the rounds in the oil sands just raises more red flags.
When experts said that there was a toxic culture in resource industry man camps that was putting women at risk, conservatives positively *scoffed* at the idea, said it was an insult.
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Garic Moran
@GaricMoran
I just finished reading Doug Noland’s summary of the Federal Reserve’s Q3 2019 Z1: creditbubblebulletin.blogspot.com . Here are my thoughts: total credit outstanding grew another $3.2T over the past year to $74.6T (348% of GDP); this is 4X the rate of GDP. Even J. Powell says this is not..
..sustainable; Austrian economists call it a credit bubble, but this bubble is still expanding. Since foreigners stopped acquiring U.S. debt, U.S. financial markets and banking system need to finance this expansion or it reverses & pops. Banks, brokers, money markets, & hedge..
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𝗔𝗺𝗯𝗲𝗿🌊
@AnIllicitWriter
𝗧𝗵𝗿𝗲𝗮𝗱 | 𝗧𝗵𝗲🍑𝗜𝗺𝗽𝗲𝗮𝗰𝗵𝗺𝗲𝗻𝘁 𝗼𝗳 𝗗𝗼𝗻𝗮𝗹𝗱 𝗝. 𝗧𝗿𝘂𝗺𝗽
Nancy Pelosi Announces Formal Impeachment Inquiry of Trump

🔗nyti.ms/2kORLLE #Trump #ImpeachTrumpNow #Resist #ImpeachTrump
Here’s a timeline of Trump’s Ukraine scandal. It’s damning.

🔗washingtonpost.com/opinions/2019/… #Trump #ImpeachTrumpNow #Resist #ImpeachTrump
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GeorgeMonbiot
@GeorgeMonbiot
These are tough times for beef farmers. The sector seems to be collapsing in the UK. Rather than endlessly propping it up, it would be a better use of our money to pay the farmers to do something else on their land. Preferably #rewilding. bbc.co.uk/news/uk-scotla…
With the amount we have spent subsidising farming in the UK, we could have bought all the agricultural land in Britain several times over. Yet we have almost no say in how the land - or the money - is used. This is profoundly undemocratic.
This is our money. It should be used for the benefit of society as a whole, rather than just for the benefit of one commercial sector, which happens to be among the most destructive on Earth. Where we are taxed, we should be represented. Yet our views don't seem to count.
Read 4 tweets
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Millennial Macro
@MillennialMacro
#demographics #militaries #economies #currencies
#USA
- Best demographics
- Largest military
- Largest economy
- Most used currency
- Liquid financial markets
- Open capital account
- Rule of law
- Best geography
- Can be self sufficient if required
- Not trade dependent
#USA
Top trade partners as of 30 June 2018:
- China: 15.2% (strategic competitor)
- Canada: 15.1%
- Mexico: 14.6%
- Japan: 5.1%
- Germany: 4.4%

The next 10 years could result in the below:
- Mexico (25%)
- Canada (20%
- Japan (7%)
- South Korea (5%)
- Great Britain (4%)
#USA
Bring the manufacturing (jobs) home while negatively impacting China's economy.
forbes.com/sites/kenrapoz…
cebglobal.com/talentdaily/au…
irishtimes.com/business/econo…
Read 338 tweets
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Bernd Schiffer
@berndschiffer
Australia's welfare program @Centrelink has an average phone wait time of 15 min. They are currently doing a 7-year project to upgrade their IT which costs "billions of dollars".

Seven. Years. For a single project. For billions of dollars.

Oh, it gets much worse.

-> Thread
They are already 2 years into this project. At this point, they can't give any indication about by how much they are going to reduce the average wait time in the end.
The very thing they set out to achieve is still an unknown. After 2 years. After more than 1/4 of the overall project length.
Read 20 tweets

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