by Andrew Hoffman, Miles Franklin:
Monday’s are the toughest time to write, given how the significant quantity of “horrible headlines” each weekend. TPTB, as always, did their best to prevent the masses from realizing how scary things are getting, via some of the most blatant, last hour “hail mary” rallies imaginable. Recall Friday morning, when we wrote of the “mysterious” spikes we should expect in interest rates as the Fed desperately defends them, in their unmitigated terror that plunging rates will signal their complete and utter failure in reviving the economy. And thus, it’s no surprise Zero Hedge specifically characterized Friday’s late day rally – boosting the benchmark 10-year Treasury yield from 2.50% to 2.53%, whilst completing a perfect “dead ringer” pattern for the Dow Jones Propaganda Average – as “mysterious.”
That said, the news was anything but equity supportive; and as you’ll see by the terrifying list of “horrible headlines” below, it’s difficult to believe any objective person won’t shortly realize what must ultimately occur. To that end – demonstrating extreme historical irony – it appears that military conflict between China and Vietnam is borderline imminent.
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