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The Daily Reckoning Australia
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The early warning signs that we’re due for another crisis are flashing red.

There is roughly $10 trillion in US dollar-denominated loans swimming in emerging markets (EMs).

These loans need to be paid back in greenbacks. And with the Federal Reserve Bank raising rates, it means the interest payable on those loans is only going to rise.
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One of the greatest challenges for investors today is that there are several crazy man negotiators on the loose.

First and foremost are US President Trump, North Korea’s Supreme Leader Kim Jong-un, Israel’s Prime Minister Benjamin Netanyahu and Iran’s Ayatollah Ali Khamenei.
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From Jim Rickards,

"America’s most powerful weapon of war does not shoot, fly or explode.

It’s not a submarine, plane, tank or laser.

America’s most powerful strategic weapon today is the dollar."
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How does the US solve a problem like China?

More to the point, how does China solve a problem like the US?

Tensions between the two biggest economies in the world are high.
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The surprising thing about financial crises is that they come as a surprise.

Both the stock market and the bond market are supposed to be forecasting mechanisms. They ‘discount’ the future — meaning they figure out how much something is worth by estimating its future returns.

If this is the basis of value in the markets, then how do crashes happen?

Why don’t the markets see them coming?
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If you think robots are a threat to your job security, you’ll want to sit down for this one.
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Here’s a list of big issues that are now in play from Trump’s perspective and may lead to dramatic results with important implications for investors:
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In Tuesday Daily Reckoning Australia, Shae reasoned that there’s a mortgage debt reset coming our way as $400 billion worth of home loans move from interest-only to principal-and-interest repayments.

Turns out, that’s just the start of the debt reset story.
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The news last week was dominated by breathless headlines about the trade war between the US and China.

But this trade war has been brewing for years, and came as no surprise to readers. In fact, the ‘new’ trade war is simply a continuation of the currency wars that began in 2010.
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Politicians love the system because they can buy votes from citizens.

Central bankers love the system because of the power and prestige it brings them.

Citizens love the system because they get handouts, bailouts, pumped-up asset values and other goodies seemingly for free.

What’s not to like?
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