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Daily Traders Edge

Opinion: There’s overwhelming evidence that the U.S. stock market is heading for disaster

December 06
16:17 2017

Bonfires are fun to watch, but they eventually burn out.

Human folly apparently doesn’t, so we just keep adding to the absurdities. The volume of daily economic lunacy that lights up my various devices is truly stunning, and it seems to be increasing. (You can find a previous series of charts in my free newsletter, Thoughts from the Frontline.)

Let’s take a look at a series of charts I received from my “kitchen cabinet” of friends.

The economy is more leveraged than ever

First up is Grant Williams, who sent me a monumental slide deck. Here’s an example of craziness:

Grant Williams

This chart is straightforward: It shows outstanding credit as a percentage of GDP. Broadly speaking, this is a measure of how leveraged the U.S. economy is.

Continue Reading at Market Watch

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