Maybe it happened and we just haven't found out about it yet.

Will the German government let the lights go out on Deutsche Bank?
www.telegraph.co.uk › Business
Oct 1, 2016 - Financiers will not thank him for the comparison, but German central banker Andreas Dombret has ... for the next five million years, nor do we expect an impact that brings the whole banking system to the brink. ... Deutsche Bank (@ DeutscheBank) September 28, 2016 .... Bovis warned on profit in December.

Italian Banks on the Brink - The Wall Street Examiner
wallstreetexaminer.com/2016/12/italian-banks-brink/
Dec 2, 2016 - Italian Banks on the Brink. by James Rickards • December 2, 2016 ... Germany won't like that, but if they don't bail-in Deutsche Bank, the ...

80% Stock Market Crash To Strike in 2017, Economist Warns
BY JL YASTINE January 9, 2017
Several noted economists and distinguished investors are warning of a stock market crash.

Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”

Mark Faber, Dr. Doom himself, recently told CNBC that “investors are on the Titanic” and stocks are about to “endure a gut-wrenching drop that would rival the greatest crashes in stock market history.”

And the prophetic economist Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.”

Smithers backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.

John Kenneth Galbraith wrote:The only function of economic forecasting is to make astrology look respectable.

Financial markets seem to expect that political turmoil will indeed lead to another change of economic regime. Since the American election the MSCI World equity index has rallied and the Dow Jones Industrial Average has hit record highs. Valuations reflect this optimism. In the early 1980s price-earnings ratios were in single digits. In contrast, the S&P 500 now trades on an historic price-earnings ratio of 25. Another contrast with the 1980s is that, back then, short-term interest rates were at double-digit levels and equity valuations were able to climb as rates fell. That cannot happen now.

So what kind of economic regime are investors expecting? They seem to be cherry-picking the best bits from the previous two regimes—the tax cuts and deregulation of the 1980s with an expectation that (as under Bretton Woods) fiscal, rather than monetary, policy will be used to smooth the ups and downs of the cycle.

But the populist revolt is, in large part, a reaction against the free movement of capital and labour that has made so many financiers rich. A much bleaker outcome is possible, whereby rising nationalism leads to trade wars and an ageing workforce makes it impossible for the rich world to regain the growth rates of past decades. Change is coming. But rather than resembling the 1980s, the new regime could look more like the 1930s.

The biggest Norwegian pension fund always fears the worst outcome. And it’s a strategy that’s paying off.

With interest rates still close to historic lows and a series of global political shocks upending many investment strategies, Norway’s biggest life insurer, Kommunal Landspensjonskasse, says its approach is to be “scared of everything.”

Macdoc wrote:Brexit ain't helping nor is the Dumpf

Macdoc wrote:Thommo you don't need to be an economist to see the crash coming...it's only a matter of timing and when.

Macdoc wrote:was he prescient....???

Brexit effect having already occurred. Oh, it might occur. But nine months ago I was repeatedly informed that in the event of a decision to leave the EU it

Pound Drops to Three-Decade Low Against Dollar on Brexit Concerns ...
http://www.wsj.com/.../pound-drops-to-3 ... exit-con...
Oct 5, 2016 - The pound fell to a three-decade low against the dollar, trading below the levels it hit after Britain voted to leave the European Union in June.

Macdoc wrote:So Thommo you gonna buy a house in an overheated market ??? Buy stocks near the top ??

Macdoc wrote:It can levitate a while longer ....cumulative risks with no relief - its only useful if you have action to take...ie a house or stocks to unload or decide to leverage yourself.

Macdoc wrote:The true folly is thinking there will not be a correction and your new found "wealth" is locked in stone.