80 flags tells me a lot. This sort of post is no better than the media posting he so strongly opposes. Scare the hell out of people so that they subscribe to his newsletter.

It reminds me of another well known commentator who has been telling the world that the impending disaster is coming (for years and years on end). One day he will be right - but that does not help the rest of us trying to make a living and invest right now.

There is no doubt that Dollar Vigilante is right in that we do live in unprecedented times. The world has never had negative interest rates (not since the 1800's). The Global Financial Crisis was also a new phenomenon of securitized low quality debt which the world had never seen. That is why nobody knew it was coming and what to do. We are in a place where we do not know what is coming - there will be unintended consequences. That does not automatically mean that everything is broken right now.

It also does not mean that we should march forward naively. There will be unintended and unknown consequences. Our task is to watch the signals and be prepared and have contingency plans in place when the signals get strong

For example, when this chart starts rising and breaks previous levels

Chart from St Louis Federal Reserve is BofA Merrill Lynch US High Yield Option-Adjusted Spread© and can be spied here all the time http://mymark.mx/RiskIndex I check it every week.