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Ever Been Part of a Melt-Up?

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Posted by Gary Tanashian - NFTRH

on Friday, 05 January 2018 06:19

This morning I noted that I did not appreciate seeing Jeremy Grantham’s note dismissed even in the slightest way and without rancor by a Biiwii author. His intro was “Here we go with the “melt-up” meme again.”, which I felt was not appropriate for our purposes, coming as it did from a writer who was cautionary all through 2017.

3amigos4Look, I was pretty sure I was going to be wrong about a Q4 market top long before Q4 ended. I was led to believe that through subsequent information and analysis, most notably delivered by the 3 Amigos, who will ride bullish until their respective journeys end. At the time of the Q4 cycle forecast however, we noted that a roll over into a significant correction (at least) could actually be healthy for the market’s overall long-term bull. We also noted how a building mania would either precede the bull’s end or make the next correction much worse than had we had a top of some kind in Q4 2017.

Now, I was thinking today how most people under 40 do not even know the details of what caused the great bubble of 1999 to burst in 2000. Back in 2000 they were basically kids or very young adults not yet interested in what we older folks were interested in. I was interested in, for example, why my IRA got cut in half when my financial adviser had declared that the nice folks at MFS and Putnam would never lose money like I would. In 2001 I set about really understanding these financial markets and in 2002 I ripped our funds away from said financial adviser and never looked back.

The crash of 2008? Why, anyone now under 30 was just a kid then as well. Were they out chasing skirts or paying attention to things like credit bubbles and leveraged debt products? I vote skirts for a majority. Today we have an old fogy (Grantham) with lots of experience giving us his viewpoints and I for one found them very interesting, and in line with what I am thinking.



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Asset protection

The Next Financial Crisis Will Be Worse Than the Last One

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Posted by Nomi Prins - TruthDig.com

on Wednesday, 03 January 2018 06:17

Wallstreet - A New Era-2-850x617If you look at the stock and asset markets, as Donald Trump tends to do (and as Barack Obama did, too), you’d think all is fine with the world. The Dow Jones Industrial Average rose about 24 percent this year. The Dow Jones U.S. Real Estate Index rose 6.20 percent. The price of one Bitcoin rose about 1,646 percent.

On the flip side of that euphoria however......

....continue reading HERE



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Asset protection

Precious Metals: Breakout In Play?

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 29 December 2017 06:35

Today's videos and charts (double click to enlarge):
 

SFS Key Charts & Video Update

d1


SF60 Key Charts & Video Update


SF Juniors Key Charts & Video Analysis


SF Trader Time Key Charts & Video Analysis


Thanks,

Morris

Friday, Dec 29th 2017 Super Force Signals Unique Introduction For 321Gold Readers:
Send an email to trading@superforcesignals.com


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Asset protection

The EU Bad Loan Crisis to Get Much Worse – The Solution = Financial Pandemic

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Posted by Martin Armstrong - Armstrong Economics

on Friday, 29 December 2017 06:27

EU-ParliamentThe bad loan (“non-performing loan” (NPL)) crisis in Europe is well known and many have been calling for this issue to be addressed. In Italy, the bad loan crisis has reached 21% of GDP. While NPLs dropped to 4.8% of all loans in the EU as a whole during the first quarter of 2017, they remained well above 40% in Greece and Cyprus, at 18.5% in Portugal, and 14.8% in Italy according to the European Banking Authority.

Now comes the bureaucrats with zero experience to save the day – or is that to create a financial pandemic in the EU? The EU Commission (EUC)  along with the European Central Bank (ECB), want to ensure that banks promptly sell real estate, stocks, bonds and other assets that serve to collateralize loans according to their Mid-term Review of the Capital Markets Union Action Plan.  Member States are required to adopt laws that facilitate the central directive. At this time, any bank cannot just sell a property that secures a loan. The problem is, all loans, whether secured or not, are valued the same.

Once again, all we have is the ECU and ECB desperately trying to prevent a banking crisis as loans in default rise. However, this project is totally incomprehensible for now a well-secured loan which does not pose any particular credit risk in traditional banking can find its collateral sold.

.....continue reading HERE

 

.....also from Martin:

Year-end For Asia

China-on-Rise-440x300



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Asset protection

Cyberattacks Prove That No One Is Safe

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Posted by Jeff Yastine - Edelson Institute

on Wednesday, 27 December 2017 06:45

The hackers studied their cyberattack target for months — the central bank of Bangladesh.

First, they used their cyberskills to steal the institution’s top-secret international money transfer code.

Now they could request large wires of bank funds — electronic transmissions of money across international lines — and never draw suspicion. After that, they sent out four transfer requests, using fake names of charitable organizations.

In the early weeks of 2016, they successfully stole more than $80 million!

Only a typo kept them from taking even more — on the fifth transfer request, one of the hackers misspelled the made-up “Shalika Foundation” as fandation, raising questions and bringing an end to the digital heist. The hackers were never found.

What if another group of cyber bad guys went after the banking system again?

A Sheltered Harbor From Cyberattacks

Suppose hackers didn’t steal money but simply denied banks’ access to their stored digital cash or their customers’ account records?

It’s the stuff of bankers’ nightmares — and the reason behind an industry nonprofit project called the Sheltered Harbor initiative.

The idea is that banks regularly copy their account data, encrypt it and securely store it with other member banks. That way, if a cyberattack disrupts operations in one bank, it could always turn to others in the Sheltered Harbor initiative to retrieve its data.

Sheltered Harbor got started in late 2016 with about three dozen top U.S. banks, credit unions, brokerage houses and other financial institutions. The goal is to enroll the majority of the financial industry into the system in the next few years.

It also demonstrates the persistent threat of data breaches and the rising role that cybersecurity companies play in protecting banks and other corporations from hackers.

A great way to play the trend is with the First Trust Nasdaq CEA Cybersecurity ETF (Nasdaq: CIBR). Since I started writing about cybersecurity in August, the exchange-traded fund is up 10%. Since early 2016, the ETF has gained more than 60% in value.

122217 1538 Cyberattack1

The idea behind Sheltered Harbor is that banks regularly copy their account data, encrypt it and securely store it with other member banks for protection.

The sector is due to take in an estimated $1 trillion in spending between now and 2021.

As Sheltered Harbor and innumerable hacking incidents in recent years show, even the largest, most important computer systems in the world can be breached by a determined group of hackers.

Kind regards,

Jeff L. Yastine



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