Chinese Investors Going NUTS, Marc Faber Sees 40% Stock Drop & More

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Turmoil in China’s Stock Markets Takes a 

Psychic Toll

(From The New York Times)

In some cities, students have dropped out of university, unable to give up their habit of tracking their investments, according to local news media. Wealthy investors have sought counseling, struggling to come to terms with the enormity of their losses after stock prices plunged. In response, doctors are advising traders to take up new hobbies and spend more time with family and friends. Some medical experts say high-risk groups, such as the elderly, the physically infirm and emotionally unstable, should consider withdrawing from the markets altogether.

Marc Faber : The U.S. Stock Market could "easily" drop up to 40 percent

Why US stocks could drop up to 40%

The U.S. stock market could "easily" drop 20 percent to 40 percent, closely followed contrarian Marc Faber said Wednesday—citing a host of factors including the growing list of companies trading below their 200-day moving average. In recent days, "there were [also] more declining than advancing stocks, and the list of 12-month new lows was very high on Friday," the publisher of The Gloom, Boom & Doom Report told CNBC's "Squawk Box." 

The World is Defenseless Against the Next Financial Crisis

The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises, the Bank of International Settlements has warned. The so-called central bank of central banks launched a scathing critique of global monetary policy in its annual report, claiming that central banks have backed themselves into a corner after repeatedly cutting interest rates to shore up their economies. These low rates have fuelled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates.  

China Destroyed Its Stock Market in Order to Save It

The enormously invasive measures Beijing used to stem trading losses may have damaged the Shanghai and Shenzhen exchanges for years to come.

China's real estate, credit and investment bubble risks global recession

China is the number one threat to the global economy, analysts say, with an over-inflated "triple bubble" threatening to drag global gross domestic product below 2 per cent. 

Are Big Banks Using Derivatives To Suppress Bullion Prices?

The bullion banks sell uncovered shorts on the gold futures market to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts an artificial increase in “paper gold” is created, and this increase in supply drives down the price. 

More Leading Headlines

1.         New Chicago school leaders to tackle fiscal woes
   
   
   
   
            What does Wayne County's fiscal crisis mean for the rest of the state? 
           
             Bond Liquidity Vacuum Spurs Europe’s Investors to Shrink Trades
           
            Fed's Fischer says U.S. inflation still too low   
   
   
2.    Bank of Canada seen pushing on a string with rate cuts
3. 
   
4. Shadow Lenders Are Pushing IntoRisky Real Estate Deals

Top Weekly Ideas and Insights

An Inconvenient Truth:

What Happens When The Fossil Energy Age Ends?

 EXISTENTIAL REALITY 

End Of Fossil Energy or Archaic Fabrications?

Policies Aimed At Wealth And Economic Destruction & More

Policy of Debt and Destruction 

If the spending from the debt is bad investment or consumption then there may not be the means later to repay the debt to savers who may have lost spending through default of the borrowers. In this case, debt represents purely a bringing forward of spending and economic growth, in lieu of future spending and economic growth. Debt then merely allows greater current spending and creates temporarily the illusion of current prosperity at the expense of future prosperity.

"It's Time To Hold Physical Cash", Fidelity Manager 

Warns Ahead Of "Systemic Event"

Today’s broken, “mangled” (to use Citi’s descriptor) markets come courtesy of: 1) frontrunning, parasitic HFTs, 2) the post-crisis regulatory regime which, to the extent it’s well meaning, was conceived by people who never had any hope of evaluating the likely knock-on effects of their policies, and 3) central banks, who have commandeered sovereign debt markets, leaving a trail of illiquidity and shrunken repo in their wake.

The Next Downturn Will Be Worse 

Than 2008 And What You Can Do 

About It? 

Get ready for the next crisis, it's going to be far worse than 2008. Get out of debt. Money in the bank may not be there when you need it. A core holding in precious metals is a must. Invest in alternative energy for your home, it will pay a huge return. Be careful of your investments in Wall Street, they may not be there when you most need them. Most of all, be prepared!

EIA Oil Production Numbers All Over The Place, Again

World Oil Supply Non-OPEC oil supply in 2015 is projected to grow by 0.68 mb/d, in line with the previous forecast and below last year’s strong growth of 2.17 mb/d. OPEC NGLs are forecast to grow by 0.19 mb/d to average 6.02 mb/d in 2015, following growth of 0.18 mb/d in 2014. In May, OPEC production rose to 30.98 mb/d, up by 0.02 mb/d, according to secondary sources.

Dying Of Excitement

Medical examiners and police departments say it’s a genuine syndrome. The National Association of Medical Examiners has recognized the condition for more than two decades. And in 2008, the Council of the American College of Emergency Physicians declared that excited delirium is “a real syndrome of uncertain etiology.” Emergency room doctors and medical examiners insist that members of the larger mental health community don’t acknowledge the condition because they never see it.

Collapse, Part 1: Greece

When systems are broke and broken, collapse is the only way forward.

The theme this week is Collapse

 It's a big, ccomplex topic because there are as many types of collapse as there are systems. Some systems appear stable on the surface but collapse suddenly; others visibly decay for decades before finally slipping beneath the waves of history, and some go through stages of collapse.

The taxonomy of collapse is broad, and each unsustainable system (i.e. a system that will fail despite claims to the contrary) has its unique characteristics.

Which brings us to Greece.

 LEADING GLOBAL HEADLINES

1. Decade of drought: a global tour of seven recent water crises
2. There They Go Again: Asia Central Bank Policies Spur Bubbles
3. U.S. municipal bond market grows to $3.7 trillion in first quarter
4. PBOC Seen Cutting Reserve Ratios as Early as This Weekend
5. BOK to keep accommodative stance: BOK chief (Korea)
6. U.S. Junk Bonds Show Signs of Cracking as Buyers Pull Cash
7. Chicago mayor eyes $1.1 billion bond sale to restructure debt
8. Greek stocks take a beating as ‘Grexit’ risks rise
9. Greece hangs on as unemployment worsens again
10. Merkel reignites ‘currency war’ worries
11. Merkel Defends ECB From German Criticism After Deflation Scare
12. Treasuries Get Crowded Out as Corporate Bonds Inundate Investors
13. Left-wing mayors surge into office in Spanish cities
14. Looming debt default threat alarms Ukraine’s creditors
15. Puerto Rico tax revenue drops 14.1 percent in May -Treasury

 Top Weekly Ideas and Insights

The Extinction Debate

America at the Brink - Free Trade Archaic Policy Relic

TRADING AWAY OUR SOVEREIGNTY

Capital Institute

John Fullerton

This post was previously published on the Huffington Post’s Business page.

“Free Trade” was in the news this Memorial Day weekend. President Obama is pushing hard for “fast track” approval of his Trans-Pacific Partnership (“TPP”) Agreement, calling for a simple up or down vote without the possibility of amendments or floor debate.

The New York Times reported that Senate Majority Leader Mitch McConnell has forged a “rare alliance” with the president to push the trade legislation. Senate Finance Committee Chairman Orin Hatch has been quoted as saying, “it shows that when the president is right, we will support him.” (Never mind that Hatch has also been quoted as saying: “I don’t know fully what’s in TPP myself.”)

Dear Mr. President: With all due respect, how do you spell RED FLAG!      Read  More.

Our Comments : 

 Capital Institute Blog - June 14, 2015 

Just another BIG step backwards for America and more importantly its people, as at mere face value there are numerous serious and extremely negative consequences to this policy action and content.

Obvious points and concerns -


Exacerbation of the erosion of American jobs, indigenous industrial base and middle class.. With this, erosion of national competitive advantage resulting in increasing national, state and individual security risks. plus deep economic plight.

Continued dilution of democracy, constitutional powers and rights including those embedded in state and local authorities.

Excessive immigration and population leakage , putting increased pressure on social structures, wages, pensions and healthcare system creating more massive debt financing plus extreme social tensions, Then of course there are those fiscal budgets for states and cities.

Increased concentration of power with international oligarchs, banks and related military industrial complex whose goals and objectives are oriented solely towards self-interest; with no concern whatsoever for  enlarging greater national principles of , by, for and with the people.

More erosion and diversion in the physical and conceptual resources needed to resolve imminent key pending issues that could be catastrophic to the country, economy and world-wide survival interests -  including but not limited to ; climate change, resource depletion, degradation of bio-sphere and its diversity, wildlife extinction, toxoplasmosis containment, carbon exponents, ocean acidification and on...

Importation of disease, crime, extreme social and civil unrest from politically. socially ,culturally and economically destabilized regions and countries - who will be attracted to move their  worst or best? These also create great excessive  hidden and future costs for federal, state and local fiscal budgets

All of this, is just for starters off the top - there is just no way in the universe that you could "realistically" dream up positive reasons and rhetoric that creates a subjective benefit that  outweighs the long list of object negative consequences associated with expanding free-trade agreements to the southern hemisphere . THEY ARE ALL LIES!!!  Probably they are based on plans with immediate geopolitical or geoeconomic self-interests in mind. Not the people's long term goals.    

To say the least; in my opinion, the world has changed dramatically over the past fifty years , and such economic free trade policies are not only intellectually deprived  (no clear and valid metric), but they are foolhardy and archaic approaches that place longer-term national and individual security and economic interests in unprecedented jeopardy. 

So sad, and this is just the "very short and prompt story "on this extremely misguided and incoherent legislation

Very Best to Everyone, 

T McNeil

First Financial Insights Inc.




http://firstfinancialinsights.blogspot.ca/2015/06/realeconomik-existential-insights.html

http://firstfinancialinsights.blogspot.ca/2015/05/humanitys-insanity-impossible-growth.html

http://pwa2100.blogspot.ca/

http://pwa2000.blogspot.ca/2015/06/stop-trade-immigration-flood-deal.htm