A Game-Changing Crash . . . .

[errolanderson]

I like the Zero Hedge website when it comes to issues like this. Liquidity issues are popping up all over as this article indicates. Much of it has to do with everyone wanting to be only on one side of a trade. Central banks are trying to be everywhere at once. Something has to give.

https://www.zerohedge.com/markets/just-how-bad-liquidity https://www.zerohedge.com/markets/just-how-bad-liquidity

U.S. credit markets are buckling . . . .

[jazz]

Errol, austrian, the S&P isnt the same beast it used to be. Its filled with lots of unicorn stocks now, hence the volitility and lack of liquidity. Some of these are highly leverages to china.

If you could carve off Apple, Google, FB and all those you get a much better view of the US economy and these sorts of events.

I purposely own a low volitilty verson of the S&P for this very reason.

[errolanderson]

The 'smell of default' is in-the-air . . . Long bonds exploding to record one (1) day gains today.

[Austrian Economics]

Errol, austrian, the S&P isnt the same beast it used to be. Its filled with lots of unicorn stocks now, hence the volitility and lack of liquidity. Some of these are highly leverages to china.

If you could carve off Apple, Google, FB and all those you get a much better view of the US economy and these sorts of events.

I purposely own a low volitilty verson of the S&P for this very reason.

The unicorn stocks are a function of interest rates falling all the way to zero. At zero interest, a business plan that can generate even a .1% return is suddenly viable. You would never see this in a sane credit market where savers had the power to withdraw their capital when the risk becomes too great.

Leverage works great in a bull market. Your gains appear to multiply effortlessly. But in a bear market, it's not so nice to see losses multiply as the unicorn machinery goes into reverse. It doesn't take long before a major player has to default.

[biglentil]

Rhodium doesnt give crap its continuing its ascent to the moon.

[Ache4Acres]

Money in bank right now seems dangerous

Cash under your pillow could go to zero

Gold in your hand could be confiscated and is hard to liquidate when the time to jump back in is.

Commercial shopping Centers and restaurants going to get killed in this. Entertainment complexes too.

Oil down almost 10% today OMG, Could he setup for worst Monday ever.

[biglentil]

Money in bank right now seems dangerous

Cash under your pillow could go to zero

Gold in your hand could be confiscated and is hard to liquidate when the time to jump back in is.

Commercial shopping Centers and restaurants going to get killed in this. Entertainment complexes too.

Oil down almost 10% today OMG, Could he setup for worst Monday ever.

The Canadian economy was on life support before this. We need a liquidity injection stat. Negative rates and helicopter money ought to fix it right? right? 🙈

[helmsdale]

There is a rumour floating on the interwebs that the US will attempt a return to a partial gold standard, part fiat and perhaps some sort of crypto blockchain backing.

The way things are going the last few days, it looks like toilet paper is soon to be the next currency!



For those that like to stretch a nickel, you'll notice buddy here is literally throwing 2 extra sheets of currency down the drain each BM.

[biglentil]

Glad I don't have to personally witness this at Costco. The cherry on top is the women in the background rubbing her nose with a gloved hand.

[macdon02]

[ATTACH]5676[/ATTACH]

Glad I don't have to personally witness this at Costco. The cherry on top is the women in the background rubbing her nose with a gloved hand.

Looks like 2 bottles of ranch dressing and a box of chimichangas is the priority