15/11/17

Stock Market Bubble Floating on Currents of “Irrational Exuberance”



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Stock Market Bubble Floating on Currents of "Irrational Exuberance"
// Silver For The People

schiffgold.com / BY SCHIFFGOLD / NOVEMBER 15, 2017

Last week, Peter Schiff did an interview on The Street and talked about the US stock market, saying, "Well, the bubble keeps getting bigger." We've been talking about this ballooning bubble for months. After a while, it's easy to blow us off as pessimistic contrarians who just don't get it. But amazingly, large numbers of investors also believe the stock market is way overvalued.

But they keep buying anyway.

Bank of America called it "irrational exuberance."

The latest fund-manager survey by Bank of America Merrill Lynch found that a record 48% of investors say the US stock market is overvalued. Meanwhile, 16% of investors say they are taking on above-normal risk. That's also a record, eclipsing risk-taking during both the dot-com and housing bubbles.

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A Major Central Bank Just Announced That Your Money Is Not Safe In a Bank



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A Major Central Bank Just Announced That Your Money Is Not Safe In a Bank
// Silver For The People

gainspainscapital.com / Graham Summers / November 15, 2017

Something extraordinary happened yesterday.

And no one is talking about it.

The ECB proposed removing "deposit insurance" for bank deposits. Put another way, the ECB wants to make it so that if an EU bank fails, the individuals who keep their savings in the bank lose everything.

In a paper published on the European Central Bank's Banking Supervision website, the ECB proposed the following:

'covered deposits and claims under investor compensation schemes should be replaced by limited discretionary exemptions to be granted by the competent authority in order to retain a degree of flexibility.'

In legal terms, this means that the ECB wants to do away with deposit insurance entirely, Instead, the ECB proposes that should an EU bank fail, the amount of capital you can access would be both "limited" and at the sole discretion of an authority.

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China Commodities, Stocks Are Tumbling



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China Commodities, Stocks Are Tumbling
// Silver For The People

zerohedge.com / by Tyler Durden / Nov 14, 2017 

As we just detailed in great depth, China's credit growth is slowing at just the wrong time – as exemplified by last night's economic malaise and bond market weakness – and tonight we are starting to see it ripple through commodity and stock markets…

As we noted earlier, Chinese bonds are breaking key levels as China's credit impulse begins to weigh…

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And tonight we are seeing that deleveraging pressure filter through to equity markets…

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UK Debt Crisis Is Here - Consumer Spending, Employment and Sterling Fall While Inflation Takes Off



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UK Debt Crisis Is Here - Consumer Spending, Employment and Sterling Fall While Inflation Takes Off
// Zero Hedge

UK debt crisis is here - consumer spending, employment and sterling fall while inflation takes off 

 - Personal debt crisis coming to fore - litigation cases go beyond 2008 levels
- October consumer spending fell by 2% in October, the fastest year-on-year decline in four years
- Britons 'face expensive Christmas dinner' as food price inflation soars
- Gold investors buying physical gold due to precarious UK and US outlook

Editor: Mark O'Byrne

The long heralded UK debt crisis is here and data released in the U.K. this week clearly shows this.

This is seen in UK retail sales and consumer spending which plunged in October, employment falling, pay stagnant and inflation ticking higher as sterling remains under ...

La festa è finita?



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La festa è finita?
// Trend Online

I dati sull'Indice dei Prezzi alla Produzione USA pubblicati oggi potrebbero avere un effetto profondo.

La festa è finita?

By Peter Rosenstreich

I dati sull'Indice dei Prezzi alla Produzione USA pubblicati oggi potrebbero avere un .....

Commodities

Commodities Il prezzo del petrolio continua ad aggiornare i massimi dell’anno, con il WTI in areahttps://www.finanzaelambrusco.it/articoli/articoli/finanza/commodities-24/

Global Gold Investment Demand To Overwhelm Supply During Next Market Crash



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Il lungo viaggio dell'economia. Dall'aratro a Google - Alberto Mingardi

Il lungo viaggio dell'economia. Dall'aratro a Google - Alberto Mingardi Se nel 1998 aveste scritto «cars» su Lycos, uno dei motori di ricerca all’epocahttps://www.finanzaelambrusco.it/articoli/articoli/economia-e-lavoro/il-lungo-viaggio-delleconomia-dallaratro-a-google-alberto-mingardi/

It’s A ‘Turkey’ Market



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It's A 'Turkey' Market
// Silver For The People

zerohedge.com / by Lance Roberts via RealInvestmentAdvice.com / Nov 14, 2017 9:46 AM

With Thanksgiving week rapidly approaching, I thought it was an apropos time to discuss what I am now calling a "Turkey" market.

What's a "Turkey" market?  Nassim Taleb summed it up well in his 2007 book "The Black Swan."

"Consider a turkey that is fed every day. Every single feeding will firm up the bird's belief that it is the general rule of life to be fed every day by friendly members of the human race 'looking out for its best interests,' as a politician would say.

On the afternoon of the ....

Bank Of America: “This Is A Clear Sign Of Irrational Exuberance”



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Bank Of America: "This Is A Clear Sign Of Irrational Exuberance"
// Silver For The People

zerohedge.com / by Tyler Durden / Nov 14, 2017 9:26 AM

The latest monthly Fund Manager Survey by Bank of America confirmed what recent market actions have already demonstrated, namely that, as BofA Chief Investment Strategist Michael Hartnett explained, there is a "big market conviction in Goldilocks leading to capitulation into risk assets" while at the same time sending Fund managers' cash levels to a 4-year low, and pushing "risk-taking" to a new all-time high, surpassing both the dot com and the 2007 bubbles.

BofA's takeaways from the survey, which ....