This video is from Martin Armstrongs site. It showed a video which portrays a concept that I think was in Nassim Talebs book Antifragile. Like the butterfly effect, one small domino creates a chain of events that lead to big happenings. Below are some issues to keep an eye on.
Three things I have seen might start the chain of events:
- Chinese bond yields are surging. Kyle Bass things there are huge issues. Issues in China were listed as a possible reason for the August 2015 and Jan 2016 market crashes
- Puerto Rico just announced bankruptcy. Where could these bonds be hiding? Where were they packaged?
- Illinois – downgrade May 31st?
- Autos – Used car prices are tumbling, new car sales are tumbling and there are huge credit issues.