Insiders are running to the exit…

Insider sales over the last 12 months:

1. $TSLA: $25.5B

2. $WMT: $20.6B

4. $AMZN: $3.4B

5. $FB: $3.0B

6. $NVDA: $725M

7. $AAPL: $461M

8. $MSFT: $383M

Not a single one of these companies has had an insider buy over the last 12 months.

Insiders are running to the exit.

— The Kobeissi Letter (@KobeissiLetter) May 24, 2022

‘No Door Out’ of Whiplash Markets Sees Billions Exit Sector ETFs

Traders are offloading sector-specific funds at the fastest pace on record as the looming bear market seemingly spares no corner of the equity market.

Bond markets have finally begun to accept the fact that a recession is coming.

The $VIX is also back to 30+ and all safe haven assets are up.

This is the first sign of flight to safety since the bear market began.

Next we need a limit down day and $VIX to 45+ to set a low.

— The Kobeissi Letter (@KobeissiLetter) May 24, 2022

We are already in a recession. t.co/ZF1XwNP7JD

— RJR Capital (@RJRCapital) May 25, 2022

$AMZN has canceled plans for 14 warehouses

— Market Rebellion (@MarketRebels) May 24, 2022

As Europe’s econmy slows, some global businesses have begun planning for a significant slowdown or a recession t.co/20rlZMzqj6

— WSJ Central Banks (@WSJCentralBanks) May 25, 2022

#PBOC held meeting with major financial institutions, calling for stronger support for economy t.co/tCfQuU29SI

— YUAN TALKS (@YuanTalks) May 24, 2022

Time for a correction of this housing bubble as mortgage rates rise and stagflation risks mount t.co/B0Kf6cNOlg

— Nouriel Roubini (@Nouriel) May 25, 2022

Stagflation is coming: recession with high inflation as negative aggregate supply shocks persist t.co/GxNJVPH8Eh

— Nouriel Roubini (@Nouriel) May 25, 2022

Global Debt Surges to Record $305Tn in First Quarter on US and China Borrowing

Global debt surged to a record $305 trillion in the first three months of this year as the US and China, the world’s two largest economies, continued to borrow amid slowing economic growth exacerbated by Russia’s war in Ukraine. Total debt climbed by $3.3tn in the January-March quarter, the Institute of International Finance said on …

Sri Lanka Is a Small Preview of a Global Default Crisis

Sri Lanka is already wracked with shortages. The social order may shatter if the economy isn’t infused with cash soon.

The World’s Financial System Is Entering Dangerous Waters Again, Warns Guru of the Lehman Crisis

There is a frighteningly-long list of shoes to drop as inflation finally forces central banks to do what they desperately wish not to do, which is to yank away the debt shield that lulled both investors and the political class into a false sense of security.