Wow: Another record, nothing to see here, in case you missed it, plus expect more waterfall declines.

Another Record
August 10 (King World News) – Holger Zschaepitz:  “Value of global bonds has hit a fresh high of $55.8 trillion as investors rushed into safe-haven bonds amid US-China tit-for-tat escalation and further central bank easing abroad. (See below).

Value Of Global Bonds Hits New High Of $55.8 trillion

In Case You Missed It
Jeroen Blokland:  “In case you missed it! German bank stocks have lost 90% of their value since the great financial crisis. (See below).

German Bank Stocks Have Lost A Staggering 90% Of Their Value Since Great Financial Crisis

Why Not?
Sven Henrich:  “Hi, I’d like to refinance my negative yield mortgage. My old one was pegged at -1%, but now rates are at -2%. Pay me more please.”

Global Disconnect
Adam Tooze, Director of the European Institute:  “Global disconnect: the gap between the recession in manufacturing and the continuing growth in services is highly unusual.