OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Posted by goldielocks @ 22:09 on July 21, 2018  

img_1771

Borat / Brunos new show ….he had Bernie squirming

Posted by overton @ 17:33 on July 21, 2018  

https://www.dailymotion.com/video/x6ovusd

FYI

Posted by Richard640 @ 16:56 on July 21, 2018  

  1. Don’t worry, the business cycle and credit cycle, all these cycles no longer exist because our understanding of economics has reached the pinnacle of wisdom. The Fed can now fine-tune the system like a good process control system, nothing bad can happen.

Posted by Richard640 @ 16:46 on July 21, 2018  

That’s a Super Dangerous Place to Be”: CEO of JPMorgan Asset Management

by  • Jul 18, 2018 • 58 Comments

When central banks distort the markets, risk disappears from view.

“You could have a bunch of walking-zombie companies and you don’t even know it,” explained Mary Callahan Erdoes, CEO of JPMorgan Asset Management, on Wednesday at the Delivering Alpha Conference in New York. “That’s a super dangerous place to be,” she said.

She was talking about the effects of the ECB’s bond buying program as part of a broader warning that investors are no longer seeing risks.

The ECB has been buying corporate bonds, among other things, in an explicit effort to distort the bond market and drive corporate bond yields to near zero. At the peak of the frenzy last fall, the average euro junk-bond yield fell to 2.08% — though it has risen since. These are bonds with an appreciable risk of default. But the yield was barely enough to cover inflation (currently 2.0%). Credit risk wasn’t priced in at all.

The bond-buying binge has created a universe of bonds with negative yields, and desperate investors who’ll take any risk without compensation just to cover inflation. This desperation supplies fresh money to burn to even the riskiest zombie companies.

Companies have relentlessly taken advantage of this investor desperation. The amount of corporate euro bonds outstanding has surged by about 45% over the past three years, to €1.5 trillion ($1.75 trillion), including record euro-bonds issued by American junk-rated companies.

“That’s a Super Dangerous Place to Be”: CEO of JPMorgan Asset Management

this article-from a non-perma-bear source-provides “ground” for the stock market topping thesis which seems so far fetched amidst

Posted by Richard640 @ 13:22 on July 21, 2018  

peak earnings- near record unemployment-money manager euphoria-“blow the roof off” tech earnings-big GDP number imminent etc.

 
 
 
FORTUNE MAGAZINE:
 

The End is Near For the Economic Boom

Growth will slow. The bull market will expire. Here’s why and what you need to do about it.
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By Geoff Colvin
July 19, 2018
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Analysts Are In Fantasyland

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AGAINST THAT BACKDROP, Wall Street analysts seem utterly clueless in their optimism. Consider that over the past 70 years, U.S. corporate profits have grown at a 5.6% compound annual rate. During the greatest bull market in history, from 1982 to 2000, they grew at 6.5%. Yet Wall Street analysts believe the profits of the S&P 500 companies will rage ahead at a searing 15% annual pace—not for a few quarters, but over the next five years.

One of the all-time great investors, John Templeton, said, “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.” This sounds like euphoria, or what we might less politely term insanity.

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COUPLE THAT WITH DOUG KASS selling all his longs…and we may have an interesting autumn–I hope not, though, cause I don’t want the DEMs to win congress

at least two crooks off the street:

Posted by LurkerSince95 @ 13:15 on July 21, 2018  

qqqqqqq

i grew up on the gold coast in fairfield conn; and always questioned where some people

got their expensive houses and toys. life was good in the 1950’s 1960’s but also we had

to swet with back breaking work to afford the little things we had.

above articles was from july 2018 newspaper.

This is starting to sound like the entire JAPAN INC. mania that swept America in the 1980s

Posted by Richard640 @ 11:37 on July 21, 2018  

A ZH reader comments:

 

You forgot to mention China also leads the world in poisoned baby food and pet products, as well as “air” that is closer to exhaust fumes than anything you’d willingly breathe. Anything with the words Made in China on it that is supposed to be eaten or given to consume to someone I care about…I avoid like the plague. It probably has about the same effect on a healthy system.
***************************************
This is starting to sound like the entire JAPAN INC. mania that swept America just before the Rising Sun peeps got in at the top of real estate and bond markets and lost their kimono.
Here, have another poisoned fish product. It’s Chinese and they are world leaders.

Maya

Posted by goldielocks @ 11:19 on July 21, 2018  

There’s some as you probably know living in the Wild West that will come out of things and put the pieces of their life back together or change it. There are others some who never had a chance or way out because of no skills and don’t know anything else. The one who spoke to me appeared later to tell me he’s okay had a job and had skills. Hoped the best for him. Others who did but didn’t care so to speak who have no intention to change their ways and add the determination not wanting to go back to jail is a dangerous combination.
Its especially dangerous for the cop that pulls them over.
There are some bad cops that make all suspect and should be dealt with because of it, but for the most part when you hear a cop shot someone it’s more because of situations like this no matter how it’s painted they had a gun or knife and intended to use it.

He’s Dead

Posted by Maya @ 1:09 on July 21, 2018  

Stopped at a police checkpoint at South Point on the highway, the suspect shot at police again, wounding one.  Cops shot Justin Waiki dead.  Another woman in the SUV was also wounded by police, and a third person was also taken into custody… he had help.  They will fry.

Web stats on the local police scanner frequency blew up in the past few days… thousands of people listening via the web.  We can all breathe easier tonight.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.