Fed policymakers worry growth plateauing, pledge more support … Was everyone wrong about the coronavirus? … States in fiscal crisis, cuts to basic services loom due to pandemic … Gary Shilling sees 1930s-style stock market decline … For many, gold is a lifestyle decision too … Best Of The Web Deficits, debt and deflation after […]
When It Rains It Pours, China Edition
The US has its share of problems right now (see One Crisis Is Manageable. Five Might Not Be). But China is right up there in the “when it rains it pours” sweepstakes. As the apparent source of the covid-19 pandemic, it’s still battling new cases and may yet be blamed for not just spawning the […]
Look Where Gold Is Trading The Day After The 4th Of July
What are the odds of gold trading at 1776 on Independence Day weekend? Seems like a good omen … I’ll go out on a limb and predict that this is the last July 4th weekend where gold trades at or below this price — and that the precious metals miners will do even better. Emigrate […]
Top Ten Videos — July 5
Rob Kirby: The financial house of cards is coming down … Max Keiser: Cancel culture needs to cancel the Fed … Robert Kiyosaki: What happens when major cities go broke? … Rick Rule: Positioning for the good, the bad, and the ugly in mining … Peter Schiff: Jobs and stocks are nothing to brag about […]
The Global Bond Market Is Turning Japanese, As All Long-Term Rates Plunge Towards Zero
For the bond markets, covid-19 is apparently a great equalizer. Before the pandemic, Japan’s long-term interest rates were much lower than those of most other countries’, in part because Japan has been deeply in debt – and therefore under pressure to finance that debt with low interest rates – longer than the US and Europe. […]
Wouldn’t That Be Cool…
Take a world that’s spinning out of control with debt, money creation and pretty much every other measure of financial danger flashing red. Add the inevitable (given the above) precious metals bull market, with rising gold and silver taking the precious metals mining stocks – especially the little speculative ones – along for the ride. […]
Top Ten Videos — June 28
David Rosenberg: Life is going to change permanently … Glenn Greenwald on the new ‘bogus’ charges against Julian Assange … David Morgan: Gold outperforms during the biggest global shutdown in history … Robert Kiyosaki: Could Universal Basic Income end America as we know it? … Mike Maloney: How to trade the dollar milkshake theory … […]
Stagflation Is Paradise For Gold And Silver
The creators of Medicare, Social Security, and other long-term spending programs had a handle on demographics – or at least on the political realities of the time – so they structured those programs to initially take in more money than they needed in order to build up “trust funds” to cover the eventual retirement of […]
We’ve Been Here Before – And It Ended With An Epic Crash
Wolf Richter just published some charts that, for anyone with a sense of stock market history, are pretty ominous. It seems that the major market indexes that recently soared back to record highs are being elevated by an amazingly small number of stocks – Apple, Microsoft, Amazon, Google and Facebook to be specific — which […]
How Pension Funds Die, CalPERS Edition
Say you’re running a big pension fund that – according to the politicians who are handing out ultra-generous benefits to public sector employee voters – has to generate 7% annual returns in order to meet the resulting obligations. But the bonds you used to rely on now yield between 0% and 2%, depending on how […]
Top Ten Videos — June 21
Catherine Austin Fitts: We are watching the mother of all debt entrapments … Martin Armstrong: The biggest problem with real estate is that it’s not movable; you can’t just pick it up and leave … Mike Maloney: How to trade gold and silver mining stocks … Spiro Skouras: The “Great Reset” — how COVID ushers […]
One Crisis Is Manageable. Five Might Not Be
World War One was the most destructive conflict in human history. But before it ended, the Spanish flu came along and claimed an even greater number of victims. A decade later the Great Depression bankrupted millions. But before our grandparents could dig their way out, World War II dragged them into something even worse. Why […]
What The Hell Is The Great Reset?
A friend just sent the following video, from someone named Spiro Skouras about something called the “Great Reset,” which the World Economic Forum (i.e., Davos) has just decided to impose on the rest of the global economy, using the “plandemic” as cover. The video’s title is The Great Reset Plan Revealed: How COVID Ushers In […]
Top Ten Videos — June 14
David Stockman: All the growth of the past 20 years has been wiped out … Peter Schiff: Damage control falls flat as stocks tank … Michael Pento: Central banks can’t stop interest rates and precious metals from soaring … Gerald Celente: Deflation is about to “hit hard” … Glenn Greenwald: Coronavirus, protests reveal society’s authoritarian […]
Doug Noland Explains Q1’s “Extraordinary” Debt Binge
Credit Bubble Bulletin’s Doug Noland saves the rest of us a lot of time by digging through the Fed’s quarterly financial reports and presenting the results in an understandable form. These reports are always terrifying, but Q1 2020 is in a class of its own. Here, mostly in Noland’s words, are some of the highlights […]
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