by mark000
It seems very likely…
Default Insurance (CDS) at Credit Suisse is approaching the same level as during the collapse of Lehman Brothers… $CS pic.twitter.com/nbHKYcuwxx
— Wall Street Silver (@WallStreetSilv) September 25, 2022
What just happened to the dollar? pic.twitter.com/PiMnoDn2CA
— Michael J. Kramer (@MichaelMOTTCM) September 26, 2022
“Once inflation is above 5% in advanced economies, it takes an average of 10 years to drop to 2%” – BofA pic.twitter.com/L2ngztKJup
— Sam Ro 📈 (@SamRo) September 26, 2022
Which is worse: America is in recession or GDP is negative at full employment
— zerohedge (@zerohedge) September 25, 2022
BofA says historic global bond market crash threatens to wipe out world’s busiest trades
“If the bond market doesn’t work, there won’t be another market,” says Ben Emons of Medley Global Advisors.
Global government bond markets are mired in what analysts at BofA Securities call one of the biggest bear markets in history, and that, in turn, threatens how easily investors will be able to exit the world’s busiest trades, if necessary they include positions in the dollar, US technology companies and private equity, said BofA strategists Michael Hartnett, Elyas Galou and Myung-Jee Jung. Bonds are generally considered one of the most liquid asset classes available to investors. If liquidity dries up in that market, it’s bad news for almost every other form of investment, other analysts said. Financial markets have yet to assess the worst-case outcomes for inflation, interest rates and the economy around the world, despite a fall in global stocks along with a sell-off in US and UK bonds United On Friday, the Dow industrials fell nearly 500 points and flirted with a dip in bearish territory, while the S&P 500 index stalled before ending the New York session lower. its minimum closure of June.
GS now predicts another 75bp hike by the Fed in early November…50bp in December…and 25bp in February…bringing the Fed funds rate to 4.75%. .. this is a higher rate outlook than the market is estimating… Fed raises rates hard. a recession and a rapidly weakening housing market… fasten your seat belts…
Snider: The rapidly strengthening dollar continues to wreak havoc on currencies and economies around the world.
EMEs face rapidly tightening external financial conditions, capital outflows, currency depreciations and reserve losses simultaneously
that bad
Dr. Doom predicted the recession of 2008 and says that a “long, ugly recession” is coming this year.
Powell has a tough message for investors: Tighten your seat belts, because recession and unemployment are coming
#SPXweekly
2008 vs. 2022
Even the weekly TSI shows the SAME pattern.
So, if 2022 is to continue to mimic the 2008 counterpart, the market could hit a new low next week and then stage another multi-week rally, which will ultimately fail. pic.twitter.com/cQzjwQNjPw
— Yuriy Matso (@yuriymatso) September 24, 2022
