Stocks: This Is A Bear Market

It looks like the period of relative calm in the markets is over and the next leg down has begun. 

This is a bear market, the upward move was the correction. It was the first correction in this young bear market that technically is not a bear market yet because we're not down 20 percent but that's only a matter of time before people call the bear market what it is.

Global Debt Has Reached Record Levels

Global debt has reached record levels. According to a recent International Monetary Fund (IMF) report, the world has amassed $164 trillion of debt. Three countries account for half of the total global debt – the US, China and Japan.

Petroyuan Clould Be The Death Blow For The U.S. Dollar

As an article at the Gold Telegraph starkly put it, “the rise of the petroyuan could be the death blow for the U.S. Dollar.”