patrick.net

http://www.businessinsider.com/chinas-real-estate-bubble-is-collapsing-2015-12
Funny how this “Santa Claus” rally that I predicted wouldn’t happen this year didn’t. The last time this happened was in 2007 and 2008 — the last years the stock market crashed.

I’ve been looking at how low oil prices will be the first trigger in the next crisis. Although it helps consumers a bit, low prices kill the $1 trillion QE-driven fracking industry that’s been such a stalwart of this bubble economy

God, I hope so.