US stock market crash season is underway. Every year I urge equity investors to sell out of the stock market on Aug 1… to avoid what can be life-changing carnage.
This bear market will also define the biggest stage of empire transition… from debt, fiat, and war-obsessed America to gold-oriented China… and soon after that to gold-obsessed India. The big question, the big unknown, is how much of the carry trade has been destroyed with the BOJ’s tiny hike, and how much is still out there.
If 70% or more of the carry trade is still out there, I’ll dare to suggest that an emergency cut could usher in a 10,000 point down day for the
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Dow Tops New Record as Bull Market Seen BroadeningWall Street stock indexes closed higher Friday, on bets that the U.S. Federal Reserve will cut interest rates in September, while big banks fell after reporting mixed results.
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