1. Bitcoin Total Wipeout Alert
I have lain in wait before writing this stark a warning on Bitcoin, because if you “cry wolf” too often with something like this, you are simply written off as a fool within days if it carries on up and up. It could yet do so, but now we are seeing really extreme manifestations of mania suggesting that the top is at hand, and if not we are very close to it.
2. Albert Edwards: “Why The Current Situation Is Even Worse Than The 2008 Crisis”
“Back in May, we first reported that Goldman became the first bank to dare to ask if the Fed has lost control of the market, if in slightly more polite terms of course. This is how Jan Hatzius phrased it: “Despite two rate hikes and indications of impending balance sheet runoff, financial conditions have continued to loosen in recent months.
Our financial conditions index is now….
3. Canada’s Latest 6 City Housing Prices & The Plunge-o-Meter
In December 2017 Toronto metro SFD prices, 8 months since the March 2017 spike and peak price, continued slipping and to date have lost $207,895 or 18%. Vancouver prices are still defying gravity;
FOMO and speculative pricing is still on.
