In the past two days investors have gotten three data points that should cause serious concern: The WeWork IPO getting revalued to $15-$20 billion (or cancelled), when their last raise was done at a $48 billion valuation;Ford being downgraded to junk status, and;Consumer Credit growth unexpectedly doubling. WeWork The bizzaro

world of private unicorns (privately held firms with $1 billion and higher valuations) has now officially begun to crash. Of course, we've seen this movie before, it was called the tech wreck. Back then the companies were public, and your grandmother owned them. In the sequel, only the "smart" money…

Every time the U.S. market goes into a serious downturn, a roundelay echoes across the financial world as bull market sycophants cry out: “No one could have seen this coming”. Of course, this is a lie.  Anyone willing to look honestly at the markets can see when risks are rising, valuations are

high, markets are weakening, and other indicators raise red flags. In this post, I am timestamping a number of existing negative indicators, near-term risks, and long-term, structural headwinds. Please don't misunderstand me.  I'm not a permabear, I'm a permarealist.  Any biases an investor has are just rocks they…

On Friday I wrote about how China could devalue the Renminbi in response to President Trump's September 1 tariff threat. While few commentators were expecting this, I pointed out that it would be seen as a move of strength for fighting back against Trump, instead of a move of

weakness. It would appear that Xi is in the move-of-strength camp because China devalued the Renminbi by about 1.5 percent against the dollar Sunday night. Chart 1: Dollar/RMB Cross Source: Bloomberg Trade War Goes Hot The trade war is now officially on and hot. The two biggest kids on the block…

After this week's events I have published a new video explaining what's going on and the market implications from here. Topics covered: The setup:Fed rate cut and accompanying comments;Trump's gangster move;Investment implications:The dollar;China;Copper;Oil;Gold;Bonds, and;Cannabis stocks. As always,

none of my comments should be considered an investment recommendation or investment advice. https://www.youtube.com/watch?v=ZJo1g9g44nQ&feature=youtu.be