WTO warns of global trade slowdown as indicator hits nine-year low … China car sales plunge most in 7 years amid global auto meltdown … Charles Hugh Smith: Credit exhaustion is global … Gold and silver at multi-week high; “The bullish case for gold continues to grow” … Best Of The Web Currencies threatened […]
Top Ten Videos — February 19
Jimmy Dore on why the left is suddenly pro-war … Max Keiser on why QE is now eternal … Peter Schiff: The real national emergency is the debt … McAlvany: Gold is the ultimate insurance policy … Adrian Day: Consequences for gold of QE and tightening … […]
Hello Old Friend…Gold Nears $1,350 Resistance That Has Repelled It Four Times In 5 Years
The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist takeover of many countries’ political systems – all of which should be great for safe haven assets – gold has spiked to around $1,350 four times, only to be smacked […]
Doug Noland: Central Banks Are “Hostages Of Market Bubbles”
Doug Noland’s weekly Credit Bubble Bulletin is always required reading. The latest – befitting the amazing things that have happened lately – is more necessary than usual. But at 10,000 words it’s also a lot longer than usual. So while everyone should definitely read the whole thing, here are some excerpts to get you started: […]
Fed Tightening Is Over: Markets Now Expect Cuts In 2019
People who assumed the Fed, along with the rest of the government, would cave the minute the financial markets got a little choppy turned out to be right. A couple of bad months and the “normalization” of both interest rates and the Fed’s balance sheet have stopped cold. Now the markets expect falling rates and […]
Ocean Shipping Rates Plunge: Just A Blip Or The End Of Globalization?
The Baltic Dry Index represents the cost of renting an ocean-going container ship to move goods from, say, Chinese factories to the Port of Los Angeles. The more stuff being made and sold, the higher the demand for such ships, and thus the higher the price to rent one. And vice versa. This is definitely […]
What Blows Up First? Part 6: “Almost Junk” Bonds
The key insight of the Austrian School of Economics (maybe the key insight of ALL economics) is that the amount you borrow matters, but so does the use to which you put the money. A case in point is US corporate debt, which has changed structurally lately in very scary ways. The short version of […]
No Longer The Luckiest Generation: Boomer Finances Start To Roll Over
We Baby Boomers timed it perfectly. We came of age during in an era of plentiful jobs and relatively high wages. Public pensions were generous. Stock, bond and home prices were low, and have since risen strongly, enriching anyone who managed to save regularly. College was (by current standards) insanely cheap, allowing us to upgrade […]
Sudden Sentiment Shift: The Mainstream Rediscovers Precious Metals
It’s amazing what a few weeks of outperformance will do for an asset class. Gold and silver, after being pretty much ignored for the past few years, are now the shiny new toys of the investment world. From just the past couple of days: Highest Central Bank Buying in 50 Years Drives Growth in Gold […]
If You Could Design A Perfect World For Gold…
Are you sick of your gold just sitting there when it was supposed to have long since made you rich? Have you been fantasizing about a world in which your gold really does make you rich? If so you’re in good – or at least numerous – company. So let’s sketch out such a world. […]
This Is New: Governments Ramp Up Borrowing IN ANTICIPATION Of A Slowdown
The business cycle has its stages, and they’re usually both predictable and logical. For example, governments tend to generate a lot of tax revenue late in an expansion as more people get jobs and start paying income taxes and rising stock prices generate big capital gains. Meanwhile, less has to be spent on social safety […]
Gold Is Up Lately. Why Does It Feel So Disappointing?
Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin. So why does this feel like such a let-down? Because the stars were aligned for a much bigger move. The structure of the late 2018 futures market had speculators historically short – which normally portends a big price […]
With AOC, The Dems Get Their Sarah Palin
It’s easy to forget, in light of subsequent events, how terrified the Democrats once were of Sarah Palin. As an attractive Christian woman with a bunch of kids, who apparently liked to hunt moose with her hunky husband, she was an arrow aimed at the heart of a long list of liberal convictions. Watch her […]
And The Verbal Part Of The Civil War Begins
With the election of Donald Trump, the US right let its id off the leash. Now pretty much everything conservatives have thought but not said is finding its way to Facebook, Twitter, and the evening news. So it’s no surprise that the left, wildly envious of conservatives’ newfound rhetorical freedom, have decided that what’s good […]
Recession And Stocks In Free-Fall: Michael Pento’s 2019
Money manager Michael Pento has been bearish on both stocks and bonds for some time. 2019 is the year, he says, when the big crash finally arrives. Some Predictions for 2019 Bond Yields Continue to Fall in First Half of Year The bond bubble continues to build and become a dagger over the worldwide economy […]
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