S&P way over valued, debt soaring, and china hording...
Posted: Thu Feb 16, 2017 8:00 pm
.... Is that a rumble I hear?
So some interesting numbers appeared this week, and some interesting articles with those interesting numbers. And when I say interesting, I mean down right soil yourself scary.
First of all, some number crunching by money week shows that China is hording gold like it's running out, and could soon take over from the US as the world's gold bank....
http://moneyweek.com/money-morning-china-gold-pile/
Of course, in fairness China has been grabbing all kinds of commodities from all over the planet as fast as it can for the past 15 to 20 years. And it it has made it clear that it wants the yen to replace the dollar for all oil, gold, and diamond exchanges in the next 10 years.
Then, for your enjoyment we have these stats that show the S&P500 (standard and poor credit risk agency valuation to trade index of us top 500 companies) has stocks overvalued by 3 times company value, stocks being levereged for more buying, and credit borrowing on the up with the conclusion we are in the mother of all bubbles...
http://dollarcollapse.com/money-bubble/ ... k-up-boom/
And of course, in the last 9 days we have seen almost every single us market index hit an all time high. What has gone up, has to come down at some point.
Talk it all with a pinch of salt. But if I was in charge of the US fed, I would be permantly drunk and\or off my head on drugs.
So some interesting numbers appeared this week, and some interesting articles with those interesting numbers. And when I say interesting, I mean down right soil yourself scary.
First of all, some number crunching by money week shows that China is hording gold like it's running out, and could soon take over from the US as the world's gold bank....
http://moneyweek.com/money-morning-china-gold-pile/
Of course, in fairness China has been grabbing all kinds of commodities from all over the planet as fast as it can for the past 15 to 20 years. And it it has made it clear that it wants the yen to replace the dollar for all oil, gold, and diamond exchanges in the next 10 years.
Then, for your enjoyment we have these stats that show the S&P500 (standard and poor credit risk agency valuation to trade index of us top 500 companies) has stocks overvalued by 3 times company value, stocks being levereged for more buying, and credit borrowing on the up with the conclusion we are in the mother of all bubbles...
http://dollarcollapse.com/money-bubble/ ... k-up-boom/
And of course, in the last 9 days we have seen almost every single us market index hit an all time high. What has gone up, has to come down at some point.
Talk it all with a pinch of salt. But if I was in charge of the US fed, I would be permantly drunk and\or off my head on drugs.