When will the great stock market crash begin?


TheTelegraph

So, when will the crash begin?

When will the huge sell-off – in both shares and bonds – convulse world markets, obliterating trillions of dollars within weeks and triggering a domino-effect collapse of banks, other financial institutions, pension funds and even governments?

When?

There is certainly a growing chorus of voices claiming the inevitability of this Armageddon. Many think it is nigh.

You know their argument: a tsunami of money has swept through the markets in pursuit of returns. But, in a world where returns have been crushed by years of central bank intervention, the outcome has been to rocket-propel the prices of everything from government bonds to property and shares.

We’re at a point where valuations of swathes of the stock market here and elsewhere are frighteningly high in comparison with long-term average measures.

The price of government bonds issued by Britain, Germany and the United States may have fallen in recent weeks, but their yields remain as negligible as a few months ago.

Sky-high valuations are in themselves worrying enough, but they come at a time when the economic outlook is uncertain at best.

The ability of many British companies to maintain dividends – arguably one of the main reasons for driving their share prices to such heights – has rarely been less secure.

So it is quite natural to give time to those who cry doom.

One is Bill Bonner, an American-based financial author and publisher, and founder of the blog The Daily Reckoning, who wrote in recent days:

“The crisis will move too fast for policymakers and investors. Stock investors will tell themselves they will get out, but when a real panic starts, it’s too late.

“A rerun of the panic of 2008 could erase $30 trillion in a few weeks. If the panic is caused by rising inflation, the bond market would be walloped, too. Our advice: panic now, before everyone else. Evacuate overpriced and dangerous assets.”

That sounds terrifying.

I get the argument, but I for one will not sell any of my share-based investments in my Isa and pension on the strength of it. Here are three reasons why.

1. When would I buy again?

Say I heed Mr Bonner and sell. Sitting in my broker accounts is then a pile of cash, earning nothing, and waiting for … what?

The graph below tells a familiar story but one worth revisiting. The danger of not being in the market is that you miss those significant, but sometimes brief, bounces.

chart

Big market movements take place in short periods. Algorithmic models have been developed to detect rising volatility as signals to get in or out at the perfect moment, but these are doubtful. The reality is that no one knows when the big up (or down) days will arrive. What we do know for certain is that not participating at all can be costly.

2. Yields on many British shares are not that low

The FTSE All Share still yields 3.5pc, a huge number, given that some government bonds yield less than nothing. While share prices as multiples of earnings (p/e ratios) may have shot up alarmingly in some sectors, that’s not the case across the whole market.

Our big dividend payers – such as oil and pharmaceuticals – suffered earlier this year because of doubts about their ability to pay dividends. They’ve mostly reiterated their dividend commitments since, yet still don’t trade on the scariest multiples.

Company boards can, of course, be committed to dividends yet still unable to deliver: but markets and commentators are notorious for predicting recessions and other disasters that do not materialise.

3. Yield isn’t everything, anyway

Most investors, like me, own in the end tiny stakes in multiple companies, many of which are healthy, growing enterprises whose operations won’t screech to a halt just because share prices bomb. As veteran investor Terry Smith writes, why else invest?

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Malaysia Pivots to BRICS; Soros Plans Color Revolutions in Southeast Asia


It is merely the changing of masters and ism … from fascism to (capitalist) communism. The current Malaysian PM unlike Mahathir as expounded in this article really tried fending off the cabal and bank$ter$. Najib on the otherhand is Obama’s minion and caddy boy, and the 1MDB scandal surrounding him is about to pound on him as soon as Obama leaves the White House. He has to seek shelter from a new master and who better than China fits the role?

Covert Geopolitics

Malaysian Prime Minister Najib Razak visits China, barely a week of Philippine President Rodrigo Duterte’s visit.

Malaysian Prime Minister Najib Razak’s week-long visit to China will start October 31. Will it mark a turning point for Malaysian foreign policy, similar to the one recently made by President of the Philippines Rodrigo Duterte?

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George Soros had expressed a personal interest in coming Malaysian General Election


TheMalayMail

Malaysia Programme uncovered

KUALA LUMPUR, Oct 31 — Leaked minutes of meeting between the Open Societies Foundation (OSF) and local groups, exposed by DC Leaks, revealed an agenda to influence domestic politics.

Among the revelations were:

  • Mobilising for the upcoming elections expected in 2018.
  • The 2013 elections were seen to be of great importance and George Soros had expressed a personal interest in them. Lessons learned are to be applied in 2018.
  • Greater mobilisation of the Muslim population as current involvement is not satisfactory.
  • Greater mobilisation of minority groups, women, Orang Asli and rural youth.
  • Engage with Election Commission, explore any possibility of policy reform, and identify clear policy targets.
  • Begin the process of leveraging the programmes’ existing networks in the country from this year onwards.
  • Develop a strong post-election mechanism to ensure documentation of any dispute can be quickly presented, unlike the 2013 election.

Other revelations:

  • OSF monitors and attempts to chart domestic politics since 2010, shortly after Datuk Seri Najib Razak assumed the office of prime minister.
  • The foundation had engaged in lobbying or “advocacy” in the US to shore up support for its efforts in Malaysia.
  • The most successful initiative was making “grants” or providing funds for friendly groups working for a common cause.
  • Following negative media exposure of Soros, the programme has proceeded in secret, with staff working quietly to minimise public exposure.
  • MalaysiaKini and its online broadcast service KiniTV received special allocations for election reporting, with ongoing support outside the election season.

What is DC Leaks?

DC Leaks came into prominence after it published hacked emails of US presidential candidate Hillary Clinton, currently mired in controversy over her handling of classified information.

Those leaks have received wide coverage in addition to leading to a reopening of investigations against her by the Federal Bureau of Investigation.

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BREAKING: The Founder of WikiLeaks is DEAD!


CanadaFreePress

Gavin Macfadyen, R.I.P., you died too early, and WIKILEAKS leaked its documents too late – on the wrong days

Sadly, while Julian Assange is held up in the Ecuadorian Embassy in London without internet, we have learned tragic news. The founder and director of WikiLeaks, Gavin Macfadyen, has died.

At age 76, he was the the director of Wikileaks and also the founder of the Centre for Investigative Journalism.

From RT reports,

He was a mentor and friend to famous whistleblower and co-founder of WikiLeaks Julian Assange, as well as the director of the publication. Paying tribute to their head, WikiLeaks published a post on the group’s Twitter account saying MacFadyen “now takes his fists and his fight to battle God.‚”

“He was the model of what a journalist should be… He spearheaded the creation of a journalistic landscape which has irrevocably lifted the bar for ethical and hard-hitting reporting. Gavin worked tirelessly to hold power to account.

“His life and how he lived it were completely in sync with the principles that he held dear and practiced as a journalist and educator—to comfort the afflicted and afflict the comfortable….‚”

Read more

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Flood At Warehouse Full Of IDR And USD – SAMPAI GUDANG IDR DAN USD BANJIR NUNGGU RESPON JOKOWI


What’s going on?
Tons of money of IDR (Indonesian Rupiah) and new USD (Treasury notes) are being stored in a warehouse at a secret location in Indonesia.

Catatan Harta Amanah Soekarno

Seorang penjaga gudang uang yang berisi mata uang dollar Amerika Serikat (USD) dan rupiah (IDR) dalam bentuk edisi terbaru mengatakan bahwa gudangnya sudah kemasukan air hujan setiap kali hujan turun. Repotnya, justru sekarang sedang musim hujan, sehingga hampir tiap hari ia bersama teman-teman penjaga gudang mengeringkan air hujan tersebut agar uang tidak terendam air.

img_20161006_114729Safarians.net ____ Oleh karena itu ia meminta kepada penulis untuk menyampaikan pesan agar Presiden Joko Widodo dapat menerima uang-uang ini untuk digunakan dalam pembangunan infrastruktur di Indonesia yang konon kini mencapai kebutuhan Rp 4.500 triliun.

Ketika ditanya oleh penulis, apakah bersedia memenuhi kebutuhan Pemerintah sekarang sekitar Rp 4.500 triliun? Ia menjawab, bahwa isi gudangnya itu melebihi angka tersebut. Tetapi mata uang yang ada di dalam gudang yang ia jaga hanya mata uang dollar Amerika Serikat dan rupiah yang semuanya dalam edisi terbaru.

Untuk melaksanakan amanah itu, penulis pun sudah mengirim sms ke handphone Presiden Jokowi tembusan…

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The Cyber War Has Begun


A true “Cyber War” is not about hacking emails my friends. It’s about destroying infrastructure, blowing up power plants and destroying the connectivity of the systems we use to run our daily lives. – Bix Weir


ArmstrongEconomics

East Coast Internet Hubs Down with Cyber Attack

There was a massive cyber attack on one of the main hubs for DNSs traffic on the east coast, bringing down several websites, some including Amazon, Visa, Netflix, and Twitter, to mention a few.


screen-shot-2016-10-22-at-11-25-36-am

https://www.ft.com/content/08ca940e-97a1-11e6-a1dc-bdf38d484582

A major cyber attack disrupted traffic to hundreds of websites including Twitter, the Financial Times, Airbnb and Spotify, disabling access for millions of users particularly on the US east and west coasts.

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Leonardo DiCaprio and the #1MDB scandal


FT

DiCaprio breaks silence over Malaysian fund

Star contacted DoJ on claims stolen money used to fund ‘The Wolf of Wall Street’


Hollywood actor Leonardo DiCaprio reached out to the US Department of Justice after allegations surfaced in July that money stolen from a Malaysian development fund was used to finance his blockbuster film The Wolf of Wall Street.

Mr DiCaprio’s representatives sought to determine whether he or his foundation “ever received any gifts or charitable donations directly or indirectly related to these parties, and if so, to return those gifts or donations as soon as possible”, a spokesman for the actor said.

In July, US authorities filed a civil forfeiture complaint alleging that more than $3bn had been diverted from 1 Malaysian Development Berhad, the state development fund, with $94m used to finance the Hollywood blockbuster.

Mr DiCaprio on Tuesday broke his silence since the lawsuit was filed. His statement follows a press conference held in London on Friday last week by Bruno Manser Funds, a rainforest charity, which called for the actor to step down from his title as UN Messenger of Peace or renounce his associates at the centre of the scandal.

docaprio2

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Protest against DiCaprio over 1MDB scandal in London

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