A lot of headline numbers show an economy that’s in pretty good shape. Official unemployment is 5%. GDP is growing at a totally acceptable 3% rate. Stocks are at all-time highs. Bonds, from US Treasuries to corporate junk, are priced as richly as they’ve ever been. These are all signs of robust health. Until you […]
Breaking News/Best Of The Web
Americans turn pessimistic amid concerns over economy and virus … As ‘buy now, pay later’ surges, a third of U.S. users fall behind … Rent inflation: national average rent rose 10.3% yoy … Debt markets’ eerie calm echo pre-crisis 2007 … White House signals new covid measures coming for unvaccinated … Gold inverted head-n-shoulders suggests […]
Top Ten Videos — September 5 2021
Mike Maloney: Five charts show why real estate has gone insane … Rick Rule: Precious metals do well in times of fear … Lobo Tiggre: Silver is unlikely to track gold, may never be money again … Peter Grandich: The Fed is doing things we’d be thrown in jail for … Alasdair Macleod: Dollar days […]
SPACs Tank. Are NFTs Next?
Towards the end of financial bubbles, two things generally happen. First, legitimate ways to put capital to work become scarce as prices outrun expected cash flows. Second, large numbers of traders, who have grown used to seeing everything they buy go up, start chasing “innovations” with exciting stories but (in retrospect) insanely high risks. One […]
Matt Taibbi: “NPR Trashes Free Speech. A Brief Response”
An absolutely essential deconstruction of censorship from Matt Taibbi’s Substack: In an irony only public radio could miss, “On the Media” hosts an hour on the perils of “free speech absolutism” without interviewing a defender of free speech. The guests for NPR’s just-released On The Media episode about the dangers of free speech included Andrew […]
Michael Pento: The Great Deflation Of 2022
From the Pento Report: It is not very surprising to me that nearly every talking head on Wall Street is convinced inflation has now become entrenched as a permanent feature in the U.S. economy. This is because most mainstream economists have no clue what is the progenitor of inflation. They have been inculcated to believe […]
Top Ten Videos — August 30 2021
David Morgan: Banks will seize your money in the coming financial crisis … Gerald Celente: Afghanistan is yet another war that America started and lost … Rick Rule: Beware of mining stock value traps … Danielle DiMartino Booth … Why Palantir and Tesla are adding gold and Bitcoin to reserves … Brent Johnson: A dollar […]
Ridiculous Bluff: Fed Threatens To “Get Aggressive” With Inflation
You can summarize the current mood in Washington DC as “Please don’t let this be a return to the 1970s.” For younger readers, that was a decade in which excessive government spending and money printing combined with inept foreign policy to create the impression that the US was fading into global irrelevance. Everyone everywhere dumped […]
Do Empty Shelves Count As Inflation?
The prices of a lot of things are up these days, which fits the common definition of “inflation.” Meanwhile, an increasing number of products are appearing at the same price but in smaller packages.This is inflation’s slippery first cousin “shrinkflation.” Here’s a sampling from a recent study: • Bounty paper towels: The triple back has […]
Top Ten Videos — August 22 2021
Jeremy Grantham: This is the top of the cycle … Ronnie Stoeferle: What they never tell you about inflation … Steve Hanke: Will inflation hit 9% this year? … John Whitehead: We’re not going to do this anymore … Danielle DiMartino Booth: Why Palantir and Tesla are adding gold and Bitcoin to reserves … Mike […]
The World Just Got A Lot Scarier
The disturbing thing about America’s Vietnam-style departure from Afghanistan is not that the Taliban are back in charge. If the 2001 invasion had never happened, they’d be in charge. And if the US had pulled out at any time in the intervening two decades they’d be in charge. So that was pretty much a done […]
After 50 Years Of Fiat Currency, Guess What Looks Good
Let’s start with a look at how the dollar has fared since the Federal Reserve gained control of it: Chain reaction A depreciating currency typically causes a chain reaction in which soaring debt leads to financial instability which in turn forces the central bank to intervene ever-more-aggressively to prevent an implosion. This intervention frequently manifests […]
Top Ten Videos — August 15 2021
Rob Arnott: U.S. stocks won’t even beat inflation over the next 10 years … Marc Faber: Prepare for the end … Joe Rogan: Vaccine passports move us one step closer to dictatorship … Michael Gentile: Once the Fed goes to war against inflation, stocks will be annihilated … View the previous Top Ten Videos pages […]
Wall Street Journal Proves It Doesn’t Understand Gold
Gold bugs should never assume that the mainstream investing community actually understands finance. That includes the Wall Street Journal, which recently published an article (Gold as an Inflation Hedge: What the Past 50 Years Teaches Us) purporting to show that gold does not protect against a depreciating currency. The article begins with a couple of subheads… […]
Jay Taylor: What Gold Volatility, Stanley Fischer, And CBDC Can Tell Us About The Future
Excerpted from Jay Taylor’s MiningStocks.com: The insights below were gathered from an excellent article by Matthew Piepenburg of Matterhorn Asset Management on “the implications behind central bank gold purchases (rising), negative real yields (falling), and Stanley Fisher’s Fed-speak (cringing).” Central Banks Are Buying Gold Like Mad! Why? You really need to watch what central banks […]
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