Mark Spitznagel Warns: If Investors Thought August Was Scary, "They Ain't Seen Nothin' Yet"
The man who made a billion dollars on Black Monday sums up his strategy perfectly in this excellent FOX Business clip with the money-honey, "I'm a hedge fund manager that actually hedges for his clients. This is something of an old fashioned idea in this day of just gambling on the next Fed bailout." Spitznagel, who is wholly unapologetic in his criticism of The Fed (and any central planner), unleashes eight minutes of awful truthiness on what is going on under the surface of the so-called 'market', concluding ominously, "if August was scary for people, they ain't seen nothin’ yet."
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Mark Spitznagel Warns: If Investors Thought August Was Scary, "They Ain't Seen Nothin' Yet"
The man who made a billion dollars on Black Monday sums up his strategy perfectly in this excellent FOX Business clip with the money-honey, "I'm a hedge fund manager that actually hedges for his clients. This is something of an old fashioned idea in this day of just gambling on the next Fed bailout." Spitznagel, who is wholly unapologetic in his criticism of The Fed (and any central planner), unleashes eight minutes of awful truthiness on what is going on under the surface of the so-called 'market', concluding ominously, "if August was scary for people, they ain't seen nothin’ yet."
Why was August scary, everyone has not only regained what they lost they are in front.
You sure about that?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Janet has pretty much admitted that the markets are toast but most people haven't noticed yet.
Most people still expect a rate rise by the end of 2015. Just like most people expected a rate rise in the first half of this year.
But how can most people expect a rate rise when Janet herself won't rule out perpetual zero or negative rates?
Not only that, her new "external influences" clause means that the possibility of a rate rise is no longer US economic data dependent.
Anything could happen anywhere and Janet can cite it as a reason to kick the can a bit further down the road. That one statement has made The Fed the central bank of the world.
Interesting that remaining dovish caused the markets to decline where before a dovish stance sent them north?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Asian Stocks Extend Global Sell-off, Tokyo Down 3.4 Percent
Sep 28, 2015, 11:56 PM Tuesday, extending a global market sell-off triggered by grim corporate news, expectations of a Fed rate hike and jitters about the Chinese economy.
KEEPING SCORE: Japan's benchmark Nikkei 225 dropped 3.4 percent to 17,037.07 and Australia's S&P/ASX 200 lost 2.9 percent to 4,967 South Korean markets were closed for a Thanksgiving holiday Hong Kong's Hang Seng slid 3.4 percent to 20,457 The Shanghai Composite in mainland China fell 1.7 percent to 3,038 Singapore and Indonesia fell while the Philippines was slightly higher.
SOUR COCKTAIL: Analysts say investors have been buffeted by a slew of bad news. The fallout from Volkswagen's emissions rigging scandal is spreading to other auto brands. Pharmaceutical stocks in the U.S. are limping after a price-gouging incident raised the prospect of greater regulation. Commodity company Glencore dived 29 percent in London as investors increasingly doubt its financial strength in a time of weak commodity prices. Fed officials, meanwhile, continue to signal they will raise U.S. interest rates this year, marking the beginning of the end of ultra-low interest rates that have underpinned stock markets. http://abcnews.go.com/Business/wireStory/us-stocks-drop-early-trading-growth-worries-34102025
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Except Sydney house prices that is. We have really somehow created the ultimate investment here, a sure-bet immune to any kind of external shocks and no requirement for economic fundamentals.
I also can't understand the relationship between real-time Australian business performance and the amount of white collar workers in the city with so much cash for coffee, cigarettes and investment properties ...
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
I also can't understand the relationship between real-time Australian business performance and the amount of white collar workers in the city with so much cash for coffee, cigarettes and investment properties ...
SUNCORP BANK Access Equity (Line of Credit) Home Loan
A complete money management solution. Not only does an Access Equity Home Loan fund the purchase of your new home, but you can use it to buy things like shares, or for everyday expenses, just like you would a transaction account or credit card.
Owner occupant mortgage debt is now at $973 Billion Investor mortgage debt $520 Billion.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
SUNCORP BANK Access Equity (Line of Credit) Home Loan
A complete money management solution. Not only does an Access Equity Home Loan fund the purchase of your new home, but you can use it to buy things like shares, or for everyday expenses, just like you would a transaction account or credit card.
Owner occupant mortgage debt is now at $973 Billion Investor mortgage debt $520 Billion.
That's insane. I wonder if that financial product is subject to margin calls. And 90% of value of your property as well ....
The most scary thing about all of this (and speaking as somebody that deals mostly with small business owners) is what will happen when business loans start getting called in. The amount of small business owners eating away at their house is really up there.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
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