The Next Round of Deflation is Just Around the Corner

phoenixcapitalmarketing.com  ( Original )
AUG 12, 2016

If you turned on CNBC or engage with financial media today, you’d think the markets had gone absolutely vertical.

They haven’t. In fact, the S&P 500 is up a measly 0.5% in the last three weeks.

Yes, 0.5%. In three weeks.

Long-term bonds are about to break higher… Historically, August has been their best month of the year every year for the last 13 years.

Even worse, the three month LIBOR rate is moving sharply, higher: a clear indication things are worsening behind the scenes in the financial system. Indeed, the 3-month LIBOR is now at its post-Crisis highs.

We are heading for a crisis that will be exponentially worse than 2008. The global Central Banks have literally bet the financial system that their theories will work. They haven’t. All they’ve done is set the stage for an even worse crisis in which entire countries will go bankrupt.

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Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research