Daily Archives: June 21, 2017

The Oil collapse is about to trigger a crisis in junk bonds. Oil has been going straight down for weeks now. As we write this, black gold is below $43 a barrel, down 16% from its levels a month ago. … Continue reading

Posted on by The Phoenix | Comments Off on Warning: the Oil Crash Is Just Days Away From Triggering a Debt Crisis

Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%. Yes, 1.5%. There is a clear trend to this chart… and it’s … Continue reading

Posted on by The Phoenix | Comments Off on Did Central Banks Just Pull the Plug On Another Credit Bubble?