From Justin Brill, Editor, Stansberry Digest:
There has been so much bad news in the markets this year, it’s getting harder and harder to keep up. In just the past several weeks, we’ve seen…
New 52-week lows in the major stock markets of the U.S., Europe, and Japan… new six-year lows in high-yield (or “junk”) corporate bonds… new 12-year lows in crude oil… new all-time lows in U.S. shale oil and gas companies… new six-year lows in emerging markets… the third crash in China in less than a year… double-digit declines in popular bull market “darlings”… and new multiyear lows in major banks in the U.S. and Europe, among others.
And earlier this month, hedge-fund manager Kyle Bass – famous for making a fortune betting against subprime loans during the last crisis – said Chinese banks could be in big trouble…
In a letter to investors on February 10, Bass…