Very. Bad. Things. are getting ready to rain down on this entire planet financially and there isn't Jack Shit anyone can do about it anymore.
That nagging feeling of doom that has been dogging my ass for months now has become a wailing Banshee inside my head lately and I guess it will soon be time to see where it all shakes out
China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations.
When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.
Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.
The FTSE 100 has now erased its gains for the year, but there are signs things could get a whole lot worse.
Go read the rest, they have the usual graphs and charts these people like to use but make no mistake about what they are saying out loud for the first time that I can remember,
The whole scheme is getting ready to unravel.
China was the glue holding the whole thing together and they have pretty much thrown in the towel.
I am certainly not looking forward to what is soon going to follow but there is one thing that I am really hoping to see come of it.
A whole shit load of dead bankers and investment scamming bastards.