Russell Brand: Think politicians care about inequality?! Watch this!! … Mish: The Fed’s preferred measure of inflation is only 4.0%, anyone believe that?! … GATA: Sub-zero yields reported on over half of euro investment-grade corporate debt … Corporate margins set to tumble as companies freak out about “bad inflation” … Nouriel Roubini: A stagflationary debt […]
“Creeping Fascism” Isn’t Creeping Any More
Would-be dictators aren’t letting the covid crisis go to waste. Instead, they’re using it as a pretext for sometimes shocking, sometimes silly impositions on what used to be seen as basic freedomes. Some examples, starting with this from Consent Factory’s CJ Hopkins: It’s August 2021, and Germany has officially banned anti-lockdown demonstrations. Other public assemblies, like […]
Yep, It’s Definitely A Bubble. Silicon Valley Edition
One of the hallmarks of financial bubbles is dumb money pouring into unfamiliar places. The latest, in some ways strangest example is the current stampede of non-tech investors into the trickiest part of the tech market: Silicon Valley startups. From today’s Wall Street Journal: Tech Startup Financing Hits Records as Giant Funds Dwarf Venture Capitalists […]
Top Ten Videos — August 1 2021
Michael Saylor: We’re being patient with bitcoin … Peter Grandich: China’s stock melt-down to spill over to US economy … Bob Hoye : The real story of the supply chain collapse … Russell Brand: Pelosi profits – we are being duped by crooks … Rick Rule: The Fed is sending the wrong signal … Ted […]
Michael Pento: The Fed Is Murdering The Markets And The Middle Class
From Michael Pento’s Pentonomics: The Fed’s manipulation of the money supply and its cost has served to obliterate the function of asset price discovery, just as it has also caused the middle and lower classes to reduce their standard of living. Since a greater percentage of their falling real incomes goes to the purchase of […]
Edward Snowden: The Insecurity Industry
From Edward Snowden’s Substack: The greatest danger to national security has become the companies that claim to protect it The first thing I do when I get a new phone is take it apart. I don’t do this to satisfy a tinkerer’s urge, or out of political principle, but simply because it is unsafe to […]
Top Ten Videos, July 25 2021
Paul Craig Roberts: This collapse is so advanced, nothing can be done … Peter Schiff: This entire sector is about to rise 30x … Keith Neumeyer: This is why we have a silver shortage … Russell Brand: If you thought Davos was scary, watch this … Max Keiser: Why doesn’t inflation worry the left? … […]
Big Gold Miners To Buy Up Juniors At “Eye-Popping Multiples”
Last week, US-based miner Corvus Gold got an unsolicited, all-cash buyout offer from industry giant AngloGold Ashanti. The offer was about 20% higher than Corvus’ prior-day price but barely above its year-to-date high. In other words, reasonable but not aggressive. So it remains to be seen whether Corvus shareholders will accept or hold out for […]
Charts For A Crazy World: Did Investors Just Realize Their Problems Are Unfixable?
Short-term interest rates are now as negative as they were in the inflationary 1970s. But that’s where the similarity ends. As the above chart shows, 1970s indebtedness was relatively modest as a percentage of GDP, which gave that financial system the resiliency to withstand the double-digit interest rates necessary to throttle inflation and bring things […]
Top Ten Videos — July 18 2021
Alasdair Macleod: If interest rates go up, the bubble pops … Greg Weldon: We’re facing monetary Armageddon … Russell Brand: Think politics is corrupt? Watch this! … Steve Hanke: We’re in the worst of all possible worlds … Rick Rule: Silver set to outrun gold … Axel Merk: Investing for the coming instability … Chris […]
Glenn Greenwald: Nancy Pelosi Making Millions Trading Stocks of Companies She Regulates
From Glenn Greenwald’s Substack: House Speaker Nancy Pelosi (D-CA) is the sixth-richest member of Congress, according to the most recent financial disclosure statements filed in 2019. As the California Democrat has risen through party ranks and obtained more and more political power, her personal wealth has risen right along with it. Pelosi “has seen her […]
Thanks For Your Concern, Mr. Fink
Larry Fink, CEO of BlackRock, the world’s biggest investment company, just went on CNBC to commiserate with today’s savers. You may need to work longer, ramp up investment risk to afford retirement, BlackRock CEO Fink says “Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock’s Larry Fink […]
Retiring Boomers Are Deflationary, Right?
There’s never been a generation as influential, for good or ill, as today’s Baby Boomers. So our mass retirement over the next decade should, in theory, be a big deal. One scenario has us selling our stocks and either spending the proceeds or moving them into less risky assets like bonds and cash. This reverses […]
Top Ten Videos — July 11 2021
Russell Brand: If you don’t trust the media, watch this … Joe Mazumdar: Why this commodity supercycle is different … Peter Grandich: We’re in the mother of all financial bubbles … Clem Chambers: Bitcoin winter is here, $10,000 coming … JP Sears: When the government comes knocking on your door … ——————————– Prediction: Major economic […]
When Did College Turn Into Just Another Scam?
From today’s Wall Street Journal: ‘Financially Hobbled for Life’: The Elite Master’s Degrees That Don’t Pay Off Recent film program graduates of Columbia University who took out federal student loans had a median debt of $181,000. Yet two years after earning their master’s degrees, half of the borrowers were making less than $30,000 a year. […]
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