Broad Selloff

No, not Hugh Hefner or Melania Trump

There have been lingering rumors that Deutsche Bank in Germany is on the verge of collapse. North Korea exploded another nuclear bomb. Hillary has a glint in her ear. The Congress is ready to provoke Saudi Arabia into economic conflict.

Of the 34 individual stocks I own, only one is up as of 11:00. If interest rates shoot up, stocks will go down. The good news is no income tax for this year! 💸

This entry was posted in Collapse of America, Collapse of the EU, Free Trade, Global Instability, US Economic Recovery. Bookmark the permalink.

5 Responses to Broad Selloff

  1. JayMar says:

    Repent! The end is nigh… You know, Fred, there are days I just don’t want to get up. I just don’t know if it’s old age or horror at what I see and hear on a daily basis. Sometimes I wish I had a switch like Commander Data, of Star Trek, that would turn me off and just go peacefully into the sunset.

    • Fred Stiening says:

      The movie The Poseidon adventure had the song “There has got to be a morning after”. It’s getting harder and harder to believe the USS US can be righted and the fact I have no relative who I care about leaves me feeling as if I’m Shelley Winters.

  2. Fred Stiening says:

    Congress just passed the Sue the Saudis Bill. Obama is expected to veto it.

    Both Houses passed it by a voice vote so members are not on record. If Obama vetoes it, we’ll see if he gets rolled over, and how the Saudis do with their bluff

  3. Fred Stiening says:

    “We’re about to see a reshaping of the world order that has dictated economics, politics, policy and asset prices from around 1980 to the present day,” Deutsche’s report said.
    […]
    According to Deutsche, common themes over the next 35 years will include: lower real growth, higher inflation, less international trade, more controlled migration, lower corporate profits as a share of gross domestic product and negative real returns in bonds.

  4. Parrott says:

    Ouch, Dow down 394 for the day. Hell, I always thought that 401K was funny money and I would never see it.

    That whole ten years 2001 to 2011 was crap.

    parrott

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