Economist’s “News and Views” 10-9-2024
The Biggest Market Crash Since 2008 Just Hit Asia, is the US Next?
Steven Van Metre: 10-8-2024
The financial world is abuzz following what has been termed the largest market crash since 2008, a seismic event that has reverberated throughout the Asian markets. Investors and economists are now pondering a crucial question: Is the United States next in line for a similar downturn?
The recent market crash in Asia was triggered by several intertwining factors. Firstly, soaring inflation rates—exacerbated by ongoing supply chain disruptions and geopolitical tensions—have put immense pressure on economies across the region. Not to mention, rising interest rates set by central banks to combat inflation have raised concerns about slowing economic growth.
Economic Shock: China Stimulus Panic Sell-Off, US Treasury Dump To Snap Global Markets
Sean Foo: 10-9-2024
Across the board, investors started selling Chinese stocks as fear builds that China might never pull the fiscal bazooka.
Investors still don't understand the Chinese market and why Beijing might be waiting till 2025. Meanwhile, US bonds are selling off pushing yields higher. This will re-inflate the Yen carry trade risk that imploded global markets in August.
Timestamps & Chapters:
0:00 China Stimulus Fear Burns Investors
3:11 Beijing Holding Firepower For 2025
6:08 US Bond Yields Disaster
7:30 Sponsor: Indigo Precious Metals
8:55 Disastrous US Jobs Report
9:55 Yen Carry Trade Collapse 2.0
12:53 2025 Extreme Economic Risk
The System Is On Fire - There's No Way Out | Bill Holter
Liberty and Finance: 10-8-2024
Bill Holter warns of an impending U.S. Treasury default due to skyrocketing interest payments projected to exceed $1.5 trillion annually.
He argues that the Federal Reserve is fundamentally broken, lacking the equity to support its massive balance sheet.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Severe storms
6:38 Global crises
10:30 Gold scams
24:10 Storage
27:00 Proof coins
33:30 Gold never changes
38:57 Silver confiscation?
40:00 Financial collapse