Debt
Very very bullish.Hello, spirit of Robert Mugabe here.
I have to congratulate Mister Donald Trump.
He has managed to hurt the american citizen without them noticing that he did, because they do not learn economy & finance at school and do not care.
What an amazing sneaky politician! As the american people get more angry, and since they are financially illetarate and do not understand how the scam works, they will vote for him, hey he is giving free stuff and convinced people he fixed the economy before the "crisis that is 100% caused by the virus".
I know Mister Donald took example on me, everytime anything was bad I blamed it on the west, what he does is he blames every thing on the political west meaning the left. Haha good one, yes people fall for this!
Let's look at germany & century ago. The debt to gdp started at 20% in 1914 then went up and by 1923 it had ballooned to 180% thanks to the amazing Baron Rothschild which was running the private central bank, supported by german politicians. The debt stayed up there until 1933 when Adolf Hitler got elected, he arrested the Baron, and the debt declined from the year he took office. This allowed Adolf to gain alot of power and he was able to satisfy his lust for torturing & killing millions of poles homesexual jews jehova witnesses etc, as well as start a war with literally all of europe.
The left is even starting to like Trump as he is doing very bad decisions that they really love. He actually might able to start a bipartisan alliance, the nationalists and the socialists! I do not think I have to explain what this means.
A relief package is not bad, it is one of the tools to fight a crisis.
To many, Trump was supposed to be the hero, and after flattening the debt, it was supposed to revert, like during the clinton era.
But now, if the banking cartel - having dozens of exchanges with the governemnent on a daily - is to be believed, they are going to print endlessly!
The USA are ranked 4 as the worse Gini coefficient in the world, after taxes and everything, with Mexico Chile and Turkey above them (only looking at the 34 world roughly developped nations). The Netherlands & France are doing pretty well in this list at rank 21 & 22.
This is the bottom of the list:
25 Hungary
26 Austria
27 Belgium
28 Finland
29 Sweden
30 Slovak Republic
31 Czech Republic
32 Norway
33 Denmark
34 Slovenia
So if you are wealthy and would like to not get your head cut off when the people revolt, I would strongly recommend moving to one of those in the future, France and the Netherlands are also ok in my opinion, France had their yellow vest episodes, workers tore an airline boss clothes, but this is actually safety i believe.
First the yellow vests revolted against an unfair tax based on the climate hoax which no one with common sense can believe in (there is 12 years left for the past 30).
And the fact that the french revolts against greedy corporate people means it is unlikely the situation can worsen to a point where people want blood! The banking cartel will not have the opportunity to do what they do best.
Now if NA decides to nuke europe we are done but where can we be sure to be safe?
So about the list (Mugabe here), of course we african dictators do not reveal our numbers post taxes, but pre taxes & benefits the CIA & other organisations have managed to get hold of them.
The World Bank & CIA do not have the exact same numbers but basically it is the same, the ranking is dominated by neighbourg collegues of mine in South Africa & Lesotho.
The USA are only ranked 27 out of 178 countries, behind all the "fair socialist nations" of Africa & South America ;)
Haha the electorate is either too lazy or too stupid to notice that all the "fair socialist nations" are the ones the most unfair ;)
As Ford said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Now let's look at a very interesting list. THE WEALTH GINI! (2018) (lower is better)
At the same time, european & asian (you know which ones obviously) countries & the USA are on top of the HDI.
Here is the 2018 inequality-adjusted HDI (higher is better):
Americans don't have it that bad, but I don't think they want to be behind Poland, and fairness is a big factor, people can deal with poverty if that's the way things are, they don't want to be asked to tighten their belts, stay locked in small appartment during confinment, while underserving idiots that got rich by some miracle are relaxing on their huge yacht or giant mansion telling them to suffer in silence.
Japan has the highest debt to gdp in the world, the gov debt to gdp is at over 200% I don't even know exactly, BUT they have the biggest cash reverse in the world (I think), they have deflation and huge savings, they caused the AUDJPY huge rally, they caused (I speculate) the Bitcoin mega rally of 2017.
They can afford to print print print take huge debt and force inflation aggressively if this is how things are.
The majority of americans live paycheck to paycheck can barely afford rent, and their standard of living has crumbled tremendously.
The USA has been able to print money without total collapse because they have a the world reserve currency which is in high demand, but they push it!
If you want to research this "Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons"
Income inequality:
And the standard of living chart is simple:
The USA are going for the good old days of the 30s I see :)
I hope the US cartel is bluffing. I have no confidence in them and sure won't invest.
I don't even think I want to short.
I don't really trade indices anyway, they are central to everything so I end up spending more time on this than FX & Commodities (I am very active with the USD thought and all of this obviously impacts it very directly).
Climate alarmists have a point: humans are very good at reacting in hindsight & very good at postponing issues "we'll deal with it later" let it grow let it grow like a cancer.
Maybe the dismantelement of europe is very soon and this will cause investors to flock to the USD, allowing them to print print print and dump on foreigners?
But just watching the FED chairmans talk they sound like complete madmen, honestly even Mugabe wasn't like this. If they are not bluffing and go full insane... yikes...
I already said much for a single idea (and just scratched the surface). History keeps repeating itself, so I suggest learning more about Zimbabwe there are alot of different fundamentals, but the root, the heart of the matter is the same (IF the USA keeps going the same way & there isn't a huge demand for USD for some reason - if they can print 500 trillion USD without devaluing the currency a ton and use this imaginary money to buy real goods & services from other countries well then gg for them they scammed the world).
Only efficient way I know to survive is watch the world evolve like a hawk (and in my case go as far as to do active trading)! People "just want to mind their own business".
Well this is planet earth, this is life, you don't get to just mind your own business and relax.
If you were in the jungle, infested of tigers and crocodiles would you just mind your own business?
Would you go for a swim in hippo territory? I think not. Those that "mind their own business" get scammed and end up the biggest losers.
The Rothschilds watched very carefully the rise of national socialism in germany and they got away early!
The herd of jews got their weapons consficated by Hitler, and started trying to all migrate out of the country but it was not possible!
And they were not enough to fight back. Entire boats got rejected at US ports.
Not saying things will be that bad (not impossible thought), but I'd rather be careful and alive than not have a worry in the world and die.
Being aware of this and "worrying" actually allows me to not be too worried (also huge ego & feelings of invicibility helps).
BTCbugs which so didn't read this, would enjoy knowing that Zimbabweans got so desperate they bought Bitcoins aggressively.
$DXY a signal for corporate bonds? NASDAQ:VCLT INDEX:DXY
I think there is some negative relation between $DXY and $VCLT.
Therefore watch out what the $DXY is doing Since it seems that when it goes up $VCLT goes down.
Dollar strength not good for long term corporate bonds it seems.
I imagine that it's because the market goes into short term treasury or longterm government bonds and avoids corporate bonds.
if anyone knows more let me know in the comments.
Rabbi.
How to monetize the debt to finesse the law"The Federal Reserve will not monetize the debt." - Ben Bernanke in 2009 while testifying before US congress.
Those that did not believe this were called perma bears and fear mongering lunatics :) (Imagine being that gullible LOL!)
Alot of the ones calling others perma bears and crazies are now saying they knew all along, or that no one could have seen this coming and that they were one of the earliest person to warn us. Pathetic dishonest sore losers. The saddest part is the Dunning-Kruger is so high they probably even believe it. Absolutely pathetic.
What is monetizing the debt? And how is it finessing the law?
First, some context. (If you don't want to wait I explain the process in this idea only screenshot below).
In 1913 was passed the Federal Reserve Act, as described by congress of the time:
"An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes"
(Elastic means which can inflate to adapt to the country gdp - unlike Bitcoin - it does not mean hyperinflate thought)
You might have heard of the panic of 1907, a financial crisis where the NYSE fell 50% from peak in 3 little weeks.
Oh my it's hard to write about this without laughing.
Long story short, bankers got greedy and then got rekt.
From JPMorgan site "The crisis was global. The Bank of England sent $3 million in gold to Alexandria to stop the Egyptian Stock Exchange’s slide, only to find itself short of cash. Banks throughout Japan failed. French investors sold American stocks to buy gold to send home, badly depleting U.S. reserves."
And then J. P. Morgan a rich banker, with his Rockefeller and Rothschild buddies bailed everyone out.
The USA had no central bank since the Bank War of the 1830s, and alot of americans now felt the need of a central bank.
So the FED got created, a private entity, private and separate from government to ensure a government couldn't print whatever they wanted.
Fun fact during the 1929 crash, Morgan again (the bank, not the man he was dead by then) and his buddies were the ones to (try to) buy stocks to save the stock market.
Along the decades the FED power has grown, after each crisis. The USA had alot as they are a country built on massive debt and on being the world reserve currency (and used to be the most promising emerging country due to size geography potential).
In 2009 the FED for the first time monetized the debt, the chairman said it was not the case, which was a big fat obvious lie, and it was supposed to "not be that bad because temporary", but of course they never have been able to liquidate their assets, and all they did was postpone the problem and make a bigger, much bigger one.
Now they are saying they are going to print with no restriction, and are going to be much more aggressive than previously, so we can totally expect tens of trillions, unless it's all bluff to encourage investors to buy?
So, here we have it:
This is it. Germany. Zimbabwe. The US government can now print as much money as they want via their little trick.
Oh btw, US bonds are trash bonds, it's like 2005-2007 all over again.
The only rating agency to downgrade treasury in the 2000s was SnP (other ones were criticized for not doing so), and guess what agency was the only one to get Punished by the government? Yup.
So no one is downgrading government trash bonds now of course. They could be ranked Z it wouldn't matter anyway, the federal reserve is going to buy everything the government prints.
The days of the us dollar as a world reserve currency are over if they continue in this direction.
What kind of idiot would use the german mark as a safe haven?
Money printer go brrrr.
UNDERSTANDING THE PERSPECTIVEs OF ECONOMIC COLLAPSE Its very important to UNDERSTANDING THE PERSPECTIVE (PREVIOUS) ECONOMIC COLLAPSE and understand how we can work together to study things and help each other!
The first two "2" modern recessions (studied in this graph from 2000/2003 and 2007/2009) where not felt equally around the world. Most of the world's developed economies, fell into a severe, sustained recession and developed economies suffered far less impact.
(for the worlds stock markets) it is difficult to estimate the exact loss. The 2020 crash has lost several trillions of dollars of world wealth in the matter of a few short months. The MODERN AMERICAN economy is estimated to loose at least 2 trillion dollars (in government public financial aid that maybe should not be used to inflate the value of the local and currency globally). In the U.S. about 54.5% of all peoples wealth is in the stock market which is largely "controlled" by the NYSE and NASDAQ "club?" (which both have very low quality websites and provide very little "free" real time data or quotes unlike many other foreign indexes and many users rely on google and yahoo for these quotes rather then getting them directly from the indexes which may or may not be valid).
The "first global financial collapse" was caused by the ratio of household debt to "personal income" rose from 77% in 1990 to 127% by the end of 2007. This maybe wasn't the only problem.
The previous financial collapses in 2000 and 2007 started with the “beginning of bankruptcy of large investment banks mostly in New York City but also around the earth. While the public was lead to believe that these investment banks where investing "wisely" most of this was "simple debt" and irresponsible "algorithmic trading". Its also possible that "algorithms" maybe have been part of the blame for todays "very quick" crash of 2020, since today 80%+ of all "stocks" are traded using HFT (high frequency trading arbitrage and general trading algorithms).
The 2020 Economic Collapse will likely result in "finding new work" and a sharp rise in unemployment. A collapse of the tourism industry and "service industries" and general destabilization "consumerism".
Hope this helps you!
The market typically goes down and then goes up on its way down... even further... and economy work when people are friendly with each other and dont all try to "take" and have low economic pollution.
XRE (ETF owning REITs) at risk as rents may not be paid.The ETF holds Real Estate Investment Trusts. These leveraged vehicles will soon be strapped for cash as tenants refuse (or cannot) to pay rents, but mortgage holders and bank lenders will continue to demand payment. It is increasingly likely that some distributions will have to be cut which will make prices of the trading units suffer.
Prepare for financial crisisThe biological crisis has stabilized, but the financial crisis is just beginning. True, the Fed has been injecting huge amounts of money into the financial system via repo and treasury and mortgage bond buying. In just a few weeks we're doing more QE than we did over 8 months back in 2008. That should help prevent outright bank failures, but there's still going to be a lot of pain as mortgages and corporate debt start to default.
The canary in the coal mine for a mortgage default crisis is unemployment, and this week we're likely to see initial jobless claims jump from 280,000 last week to some number in the millions. Reports indicate that New York's unemployment office is receiving 200,000-500,000 new claims per day, and California's jumped from 2,000 to 80,000 overnight. Both offices are overwhelmed and their employees are working huge amounts of overtime to keep up with all the new claims.
Bad mortgages aren't as big a risk to the economy as they were in 2008, but they're still a pretty big risk. The Trump administration has been lowering lending standards for several years, and the share of mortgages considered "high risk" has been rising rapidly. There's going to be pain in the banking sector. I will enter FAZ ahead of Thursday's ICSA report this week.
YIELD CURVE IS NOT WELL UNDERSTOOD!BOND MARKETS SAVANTS CLAIM THAT THE DEEPER THE YIELD-CURVE INVERSION, THE DEEPER THE RECESSION!
HOWEVER, VISIBLE INVERSIONS HAVE BEEN INCREASINGLY SHALLOW WHILE FOLLOWING RECESSIONS HAVE BEEN INCREASINGLY SEVERE, CULMINATING IN THE 2008 GLOBAL FINANCIAL CRISIS!
BY THIS LOGIC, WILL THIS RECESSION BE MORE SEVERE THAN 2008?
For recession winners, look at cash-rich companies with low debtBerkshire Hathaway is famous for sitting on a huge pile of cash. In fact, Morgan Stanley complained just last year that Berkshire hadn't been "aggressive" enough with its cash. Well, now Berkshire's cash pile is looking pretty good as the market heads into a major downturn and buyers have lots of opportunity to snatch up assets on the cheap.
In addition to Berkshire, other cash-rich companies with low debt include Alibaba, Baidu, Alphabet, Cisco, and Facebook. These companies have additional tailwinds from the fact that they're heavily involved in ecommerce and the digital space. Facebook use may increase as people spend time at home, and Cisco offers products for remote workers. Expect these giants to initiate share buybacks or mergers and acquisitions as the market finds a bottom later this year.
Carnage coming in oil and gas and banking sectors this weekOPEC+ failing to cut production Friday was bad, but things are about to get oh so much worse. The Saudis announced today that they are increasing production and entering an all-out price war with Russia. We may soon see US oil prices head toward $20 per barrel.
There's broad speculation among analysts that Russia is deliberately trying to collapse oil and gas prices in order to trigger a mass default on the huge amount of leveraged debt in the US oil and gas sector. Corporate junk bonds are widely expected to be the subprime mortgages of the next recession. Trump may be able to stave that off this year through bailouts, but not if Russia triggers a crisis before the US government can do anything about it. (Fun fact: Russia has net zero public debt, because Putin lived through the 1990s and is well aware how debt can collapse a political and financial system. Possibly he has been waiting for this opportunity to weaponize US debt.)
Also look for collapsing oil prices to cause deflationary pressure in the US dollar, a continued climb in long-term bond prices, and a continued collapse of US stocks (especially banks like JP Morgan with high exposure to leveraged lending).
HYG - Strong SellHYG remains a strong sell.
Analysis Method: Fibonacci & Wave Theory
Monthly Chart:
High Wave Count:
Daily:
33 EMA Cross 50 EMA
Target: $67-$54
Will update.
FMW
Potential growth of USDTRY as waging war agains Syria1. Wait for breaking parallel channel or resistance line then take long
2. Wait till lower band of parallel channel and then take long
Turkey officially declare war against Syria. it could bring chaos to middle east. Russia also is defending Syria. Turkey threatened NATO to support otherwise it would open its borders and free Syrian refugee to flee to EU countries.Turkey did it and refugees had faced a very bad conflict with police of Bulgaria and Greece (EU Gate). Turkey is drowning as more than 45% of GDP made by external loan from international institution like IMF as an example. How could a country be independent while it has 433 Billion USD external load more than 45% of GDP!? President of Turkey Erdugan said we would not get any dollar from IMF as it would violate our foreign independence. After some months it appears Erdugan could not resist foreign pressure and wage war. If both sides of conflict could not reach an agreement that would be death and destruction. Erdugan could not rescue Turkey economy by doing this and corona virus could damage tourism earning so much so bye bye Lira! bye bye foreign real estate investors!
USA will use Turkey like a tissue and then throw it away.
History will repeat itself.
Will Interest Rates be Spiking?If you follow my work, I have said that stocks will continue to move higher because there is nowhere to go for yield. Central banks have suppressed interest rates where equities are the only place to go. The time to sell stocks will be when interest rates SPIKE. Likely in the double digits.
This chart of the ten year US yield, is very important as the 10 year yield essentially is the base for other rates in mortgages, credit and loans etc.
You can see that we were at 16% back in the 80's, and we are not about to retest the lows again which was set in 2012,2016 and seems like it will occur this year. Setting up a triple bottom, or a range after a very extended downtrend with multiple swings.
Remember, bonds and yield are inverse so when yield drops, bond prices move up. This is still likely to happen. Why? Because in a risk off environment, you run into bonds. Meaning bonds go up, and yields go down.
Now think that you are institutional fund or even a pension fund that needs to chase yield. Pension funds were historically into fixed income but have now had to switch to equities to chase yield. Institutions, or other larger funds, that follow asset allocation or rebalancing generally sell stocks when overpriced and move into bonds and vice versa.
Well we are in an environment where BOTH stocks and bonds are at highs. Some would say overpriced.
What does this mean? It means bonds are not held for yield, but are held for trades. Finding a greater fool who would buy the bond and loss money holding it until the duration of the bond. This is apparent in Europe and Japan where yields are negative. However, bonds still are traded because many think yields will be cut deeper into the negative!
In the US and other western nations, many think cuts will go to 0, and perhaps even into the negative. This means bond prices will go up. Again, a trade and not really held for yield.
One day it will make no sense to hold bonds for yield...just for trades...which is likely what we are already seeing. Don't believe my analysis? Listen to someone more wealthier and more smarter than me, Ray Dalio. He is warning of a paradigm shift where interest rates must go higher...unless bond markets are killed.
So central banks cannot control longer term interest rates, they can actively control short term interest rates. QE was a way for central banks to buy longer term bonds to suppress long term interest rates. Essentially taking away the capitalist free market price mechanism for interest rates. We are in managed debt markets. Europe and Japan can be in negative rates because they killed their bond markets. Because of negative rates it really is the ECB or the BoJ that is at the auctions.
This is why many are saying that central banks have run out of tools. They can only do QE forever and can never allow interest rates to ever normalize because it would wreak (rekt) people. This is the confidence crisis that is upcoming. Soon markets will realize that central banks are stuck. That QE, which was a desperate policy to prevent another 1920's-30's like global depression, is now the norm and will continue forever because it did not actually work for the recovery.
Central banks need to keep this system propped, meaning rates will be dropping. When I checked the yield curve today, the inversion is coming back. I am expecting a rate cut to happen well before the market expectations of a cut in Fall of 2020.
So where do you go in this type of macro environment? Where do you go in a risk off environment? Gold is looking pretty attractive...
USDJPY and the US 2 YEAR YIELD CORRELATION 'CRACK'Since the YC inversion in August last year (2019), there has been a "crack" in correlation between the US02Y and USDJPY.
I expected the YEN to strengthen as the Japanese short the dollar against the YEN to hedge against the rising US Govt bond prices (due to the rate cuts) considering Japan holds a significant amount of US Govt debt.
My initial thoughts on this is that the BOJ is focused on keeping the YEN weak to stimulate its export sector which accounts for a significant amount of its trade.
At the expense of its debt ballooning ?????
I'll be looking into this during the weekend.
-Surecapital
Banks look fairly valued, but pose a lot of recession riskAlong with energy, the financial sector is one of the few sectors currently at an attractive valuation. With a P/E of 13.3 and a price-to-book ratio of 1.4, banks are quite reasonably priced. The dividend yield of 1.8% is low compared to bonds or energy, however.
What worries me about banks is that I think they have a lot of bad debt on the books that will never get repaid, meaning that their assets are inflated and the price-to-book ratio isn't as good as it looks. This is especially true of the holders of student loans, but we've also seen risky mortgages skyrocket in the last few years. With private debt now far above its 2007 pre-recession levels, any significant downturn in the labor market could trigger a wave of defaults and a crash in both the banking and real estate sectors.
So however attractive this sector looks on paper, it poses a lot of recession risk. I'd say add this to your portfolio if it pulls back to the "buy" zone on the reverse RSI, but keep it underweight. Exit if we see a series of bad job reports.
LQD ShortLQD just bucked a very important trend line. If investors have indeed lost confidence in corporate debt and we see follow through, then I see this as a bearish signal for stocks too. Typically the bond market is known to be correct over the equity market as large institutions with more knowledge than retail traders deal with bonds directly. To see corporate bonds give up such a well defined, key trend line, is to me a signal to be short not only on LQD but on the markets as a whole. Recently, the ramp up in stock prices was on very low volume and I can count 10 unfilled gaps on the SPY ETF. On the graph, there is one instance where we saw negative divergences but the price corrected in time rather than in price. Here, we could definitely see a correction in price as support now becomes resistance with the trend broken.
I am not taking a short position on LQD directly but I do recommend taking short positions on equities through investment vehicles such as SQQQ (-3 QQQ). I am also considering on buying UGLD (x3 gold) and TMF (x3 US treasuries) as a flight to safety emerges into those safe haven assets.
Bond Market Indicating Risk On Environment?If you follow my work, you know how the Bond market is crucial to my analysis. It is the largest market in the world, and we are heading to a period where central banks really have no ammunition anymore and are using rhetoric to maintain confidence in the system.
The history of humanity is cycles of hard money and soft money. It seems we are reaching the end of this soft money cycle. Of course Ray Dalio mentioning how there are many similarities to the 1930's-40's.
Today we are hearing about the repo market. How money has to be injected to ensure the system is propped up and interest rates do NOT spike up to double digits. Lot of argument whether is is Quantitative Easing (QE) or not. Remember, the Fed cannot mention QE because it could trigger a confidence crisis. QE was supposed to be a one time desperate policy to prevent another 1930's like great DEPRESSION. If it is mentioned we are on QE again people will realize that central bank policies did not work and we are stuck in 0 to negative interest rates forever with QE infinity.
QE was a way to inject money into the system by the Central bank buying up bonds. Repo is when the central bank directly gives money to the banks and receives collateral in return...they say this is US treasures but it could very well be toxic assets. The difference between QE and Repo is really new bonds/debt vs old bonds/debts. It still is about injecting money into the system to more importantly, keep interest rates suppressed.
Because of this environment, I have said bonds are a great long term trade because central banks will be cutting to 0. Specifically Canadian bonds because I believe the market has not priced in Canadian rate cuts until this past week.
Historically, bonds are not meant to be traded. As the European Fixed Income traders say, we basically buy bonds because we believe we can sell it to a greater fool who will buy it. Bonds brought in reliable income, and a decade ago when you retired with say 1,000,000 dollars, you would buy government bonds yielding 5-8% at the time which would provide you with 50,000-80,000 a year...which is enough to live off when retired. Today you would get 15,000-30,000.
When Central Banks started QE and began keeping interest rates low, they caused money to flow to the stock market and real estate as money had to chase yield. Again, if you follow my work, today there is nowhere to go for yield EXCEPT the stock markets and why I think they will continue to go up.
So let us look at the bond charts. So I am showing the yields. Remember there is an inverse relationship between bonds and yields. When bonds go up the yield drops and vice versa.
On the ten year yield, we have a potential bottoming pattern here. Yields bounced at the important support level of 1.40. I am one who believes the Fed will cut one more time this year...something the market has not priced in yet but could very well be pricing in the closer we get to December. This is what would keep yields dropping lower and bonds moving higher as more people price in more rate cuts.
This move in yields currently may be a relief move. We have trended (downtrend) for sometime with multiple waves.
We have broken into all time new highs in stocks (again not surprising if you follow my work. Have been saying this would happen because of chasing yield). When people buy stocks and exit bonds, we call this a risk on environment. Whereas when one sells stocks and goes into bonds, we call this risk off. Remember, money managers cannot really be in cash all the time. It has to be working somewhere and most of it goes into bonds during times of uncertainty, volatility and risk etc.
The Bond chart is also showing a topping pattern (so remember inverse with yield):
Just a crazy environment we are in really but continue to watch the Bond market. I expect in the longer term bonds to go higher because central banks will cut rates even more. We then get to a point, which Ray Dalio calls the paradigm shift, where it will not make sense to buy and hold bonds (currently you can still sell it to a bigger fool).
NFLX - Doomsday - Double ExtensionNASDAQ:NFLX remains a strong sell.
NASDAQ:NFLX has completed a cycle wave with two massive extensions of over 700% of Wave 1.
NASDAQ:NFLX should drop like a rock...
*This is an update, please see related idea for further analysis...
