Lets take a look at a few charts courtesy yahoo finance and market watch.com. First we started with the well over 95% crash in the Baltic dry index (#bdi).
Then we had a over 40% plunge in #gold and #silver prices as symbolized by the respective ETF's:
This was matched by over a 40% plunge in base metals:
Followed by the dramatic over 50% plunge in #oil:
This has translated into a rout in the junk bond market:
Which will most certainly nail banks which have exposure to this toxic stuff:
No surprise then at the flight to quality bid emerging in US treasuries and the #dollar:
And carry trade liquidation should start any moment with a bid for the Japanese #Yen:
All in all we have sown the seeds for the great depression of the 21 st century and the U.S Fed and its fellow central banks can do absolutely nothing about it.
Then we had a over 40% plunge in #gold and #silver prices as symbolized by the respective ETF's:
This was matched by over a 40% plunge in base metals:
Followed by the dramatic over 50% plunge in #oil:
This has translated into a rout in the junk bond market:
Which will most certainly nail banks which have exposure to this toxic stuff:
No surprise then at the flight to quality bid emerging in US treasuries and the #dollar:
And carry trade liquidation should start any moment with a bid for the Japanese #Yen:
All in all we have sown the seeds for the great depression of the 21 st century and the U.S Fed and its fellow central banks can do absolutely nothing about it.
The dominoes Keep falling one by one http://t.co/lfL8gIu1o2 pic.twitter.com/wAkJpkNixp
— samuelR (@RajveerRawlin) September 8, 2015
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