Math genius

Why you should listen
As a mathematician who cracked codes for the National Security Agency on the side, Jim Simons had already revolutionized geometry -- and incidentally laid the foundation for string theory -- when he began to get restless. Along with a few hand-picked colleagues he started the investment firm that went on to become Renaissance, a hedge fund working with hitherto untapped algorithms, and became a billionaire in the process.

Now retired as Renaissance’s CEO, Simons devotes his time to mathematics and philanthropy. The Simons Foundation has committed more than a billion dollars to math and science education and to autism research.

I sympathize with your needs

“What we're seeing today is not a recovery. It's market volatility, it's nervousness, it's an inability to call the direction of the market," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

Damn, didnt I just say the same thing a couple days ago?

Possible theme to this market crash

US corporate-bond issuance stagnates 
No companies have issued investment-grade bonds in the US in the past 10 days, the longest dry spell, not including Christmases, since 1995, according to Dealogic.

 

This is interesting to me because I have a little feeling corporate bonds might take the blame for this recession some how.  Its not all over the news but its basically been in its own bubble with much more than normal volatility when compared to noncorporate/government bonds.  I dunno.  If people start throwing it around on tv maybe they could make a shit storm out of it and blame greedy executive boards or whoever.  And it has two parts.  Corporate bonds are about 3.5x larger in issuance than sovereign bonds.   In 2000 corp was 5 billion, sov was 4 bilion, 2007 corp was 10 billion, sov got up to 5 billion the prior year, 2015 corp is about 35 billion, sov about 8.  So governments are going by normal growth while companies are probably way too high.  Gotta love all that debt money coming in though.  The second part is how about 85% is in foreign currencies other than USD.  the world in general is contributing and probably more vulnerable than the US.  To top it off, all the bonds could easily be peaking since its in a 10 day dry spell, which hints at an upcoming stock crash.

 

Who to blame, who to blame…

 

Amerrica

Auto sales in the US last month soared to their highest level since July 2005, fueled by consumer demand for SUVs and pickups.

 

An economy at a peak and oil in a trough creates a perfect storm.
Git r dun
 

Ostraya

Australia’s dollar plummets to 6 year low.  The value of the Australian dollar on foreign exchange markets dropped below 70 US cents for the first time since 2009.

 thats one continent on its way down...

Canadia

By Leah Schnurr

OTTAWA (Reuters) - The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed.