Trump about to be shived in back by Bush/Obama financial tab
May 30, 2017 5:20:05 GMT -5
Post by avordvet on May 30, 2017 5:20:05 GMT -5
5 Highly Respected Financial Experts That Are Warning That A Market Crash Is Imminent
By Michael Snyder, on May 29th, 2017
If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown? I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008. And at this point, you would have to be quite blind not to see that stocks are absurdly overvalued and that a correction is going to happen at some point. And when stocks do start crashing, lots of fingers are going to start pointing at President Trump, but it won’t be his fault. The Federal Reserve and other central banks are primarily responsible for creating this bubble, and they should definitely get the blame for what is about to happen to global financial markets.
My regular readers are quite familiar with my thoughts on where the market is headed, so today let me share some thoughts from five highly respected financial experts…
theeconomiccollapseblog.com/archives/5-highly-respected-financial-experts-that-are-warning-that-a-market-crash-is-imminent
By Michael Snyder, on May 29th, 2017
If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown? I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008. And at this point, you would have to be quite blind not to see that stocks are absurdly overvalued and that a correction is going to happen at some point. And when stocks do start crashing, lots of fingers are going to start pointing at President Trump, but it won’t be his fault. The Federal Reserve and other central banks are primarily responsible for creating this bubble, and they should definitely get the blame for what is about to happen to global financial markets.
My regular readers are quite familiar with my thoughts on where the market is headed, so today let me share some thoughts from five highly respected financial experts…
theeconomiccollapseblog.com/archives/5-highly-respected-financial-experts-that-are-warning-that-a-market-crash-is-imminent
Stocks Surge For 7th Straight Day As US Macro Data Hits 15-Month Lows
by Tyler Durden, May 26, 2017 4:02 PM
"Smells Like Victory" - Happy Memorial Weekend...
www.zerohedge.com/news/2017-05-26/stocks-surge-7th-straight-day-us-macro-data-hits-15-month-lows
by Tyler Durden, May 26, 2017 4:02 PM
"Smells Like Victory" - Happy Memorial Weekend...
www.zerohedge.com/news/2017-05-26/stocks-surge-7th-straight-day-us-macro-data-hits-15-month-lows
Congress faces debt limit vote sooner than expected as revenue slows
Erin Kelly , USA TODAY 3:45 p.m. ET May 25, 2017
House Speaker Paul Ryan acknowledged Thursday that Congress will have to speed up a vote for raising the debt limit because of warnings from the Trump administration that the government is now expected to run out of money to pay its bills in August rather than this fall.
"The debt ceiling issue will get resolved," the Wisconsin Republican told reporters at his weekly news conference. "The timing is what I think is the newsworthy thing here. (Tax) receipts aren’t quite what people thought they were, and that’s why (Treasury) Secretary (Steven) Mnuchin is moving the timetable up. So we’re looking at that new timetable."
www.usatoday.com/story/news/politics/2017/05/25/congress-faces-debt-limit-vote-sooner-than-expected-revenue-slows/102154602/#
Erin Kelly , USA TODAY 3:45 p.m. ET May 25, 2017
House Speaker Paul Ryan acknowledged Thursday that Congress will have to speed up a vote for raising the debt limit because of warnings from the Trump administration that the government is now expected to run out of money to pay its bills in August rather than this fall.
"The debt ceiling issue will get resolved," the Wisconsin Republican told reporters at his weekly news conference. "The timing is what I think is the newsworthy thing here. (Tax) receipts aren’t quite what people thought they were, and that’s why (Treasury) Secretary (Steven) Mnuchin is moving the timetable up. So we’re looking at that new timetable."
www.usatoday.com/story/news/politics/2017/05/25/congress-faces-debt-limit-vote-sooner-than-expected-revenue-slows/102154602/#