Public sector pensions: The parasite devours its host … The Fed “now has to raise rates to prove it’s independent from Trump” … Ecuador to hand Assange over to UK. What comes next? … Gold and silver bounce off multi-month lows. The start of the second-half rally?
Best Of The Web
The bond market “intimidates nobody” – Doug Noland, Credit Bubble Bulletin
Tech alert! – Northman Trader
Trouble ahead for the housing market – Adam Taggart, Peak Prosperity
The debt train will crash – Mauldin Economics
Trade war masks a bigger problem in China’s slowing economy – ABC
$247 trillion and (rapidly) counting – Doug Noland, Credit Bubble Bulletin
It’s taking too long. The boom didn’t boom – Alhambra Partners
How to invest in an era of $100 trillion financial obligations – Forbes
The next big score? – Capitalist Exploits
What can QE tells about QT? – Real Investment Advice
Socialism has won – Straight Line Logic
Breaking News
The Economy
7/23 BOJ offers to buy unlimited JGBs after yields surge, USDJPY tumbles – ZH
7/23 Public sector pensions: The parasite devours its host – DC
7/22 Government’s already-dismal budget forecast just got 106% worse – Sovereign Man
7/22 Surge in global credit driven by China; deflationary bust coming – Mish
7/22 Warning signs for the end of the stock market’s record run – USA Today
7/22 Six reasons why Credit Suisse is worried about China’s economy – Zero Hedge
7/21 The trade war could soon “go nuclear” – Casey Research
7/22 Netflix is bleeding to death – Birch Gold
7/21 Italian markets rattled after Tria’s future thrown into doubt – Bloomberg
7/21 EU fine will demolish Google’s earnings – MarketWatch
Precious Metals
7/23 Putting the cart before the horse: gold hype – Mish
7/23 Russian financial analyst expects gold price suppression – GATA
7/22 John Paulson pushes to overhaul gold mining firm’s board – NY Post
7/22 Goldcorp CEO warns world is running out of gold – Birch Gold
7/22 Gold: Brace for a bad 2nd half – Forbes
7/21 Gold stocks: The winners build wealth – 321gold
7/21 Indian investors are the wild card in the silver market – SRSRocco Report
Inflation, Deflation, Currency War, Cryptocurrencies
7/23 Emerging markets at mercy of falling yuan as currency war looms – Bloomberg
7/23 Backlash against war on cash reaches Washington & China – Wolf Street
7/23 The Fed now has to raise rates to prove it’s independent from Trump – CNBC
7/22 Canada inflation hits six-year high, stirs talk of rate hike – Reuters
7/22 This is why we want 5% inflation – Forbes
7/22 New York Sun: Will Trump take on the Fed? – NY Sun
7/22 War of words erupts between China central bank and Ministry of Finance – ZH
7/22 Are gold bugs (and dollar bears) living in the Twilight Zone? – Seeking Alpha
7/20 Asian shares rise as yuan slides by the most in 2 years – MarketWatch
Real Estate Bubble
7/23 Australia’s version of the subprime mortgage crisis arrives – SMH
7/22 Home prices in Rhode Island soar, hit highest point since 2006 – Boston
7/22 Summer heat: Denver residential real estate market stays hot – Denver Business
7/22 Sonoma County median home price breaks $700,000 barrier – Press Democrat
7/22 Australia’s property boom is well and truly over – Money Morning
7/22 The American dream may not involve home ownership anymore – NY Post
Politics
7/23 Trump’s job approval is stable despite low markets on trade, immigration – CNBC
7/23 State or individual? – GoldMoney
7/23 UK to refuse Brexit bill without trade deal, says minister – Yahoo
7/23 The blue pill presidency – Counterpunch
7/23 Disaster For Theresa May: Brits Overwhelmingly Reject New Brexit Plan – ZH
7/22 Anatomy of a displacement-projection syndrome – Kunstler
7/22 The Michael Cohen tapes story is just getting started – CNN
7/22 Will Helsinki change the course of Trump’s presidency? – BBC
7/22 Trump: NFL players kneeling for anthem should be suspended for entire season – SI
Offshore Investing
7/16 IRS revokes 362,000 passports over taxes – Sovereign Man
6/27 Where the rich park their money – Zero Hedge
Clean Tech
7/23 Lithium deals gathering pace – AheadOfTheHerd
7/23 Tesla earnings: Investors should gear up for more drama – MarketWatch
7/23 Elon Musk denies early orders being canceled for Model 3 – CNBC
7/23 Liquidity crisis? Tesla asks suppliers for cash back – ZH
7/21 Why are thousands of Teslas sitting in a field in California? – Zero Hedge
Art of the Collapse
7/19 Sacha Baron Cohen’s fake conspiracy site is fully post-parody – Wired
7/13 Misplaced fear – Hedge Eye
7/13 Why Donald Trump likes Brett Kavanaugh so much – Colbert
6/26 Trump derangement syndrome … some symptoms – Grrrgaphics
War, Civil Unrest, Privacy, Creeping Fascism, Police State
7/23 Ecuador to hand Assange over to UK. What comes next? – Intercept
7/23 Syrian ‘White Helmets’ flee to Jordan with Israeli, Western help – Reuters
7/22 Be prepared to shake the Earth if Julian Assange is arrested – Caitlin Johnstone
7/21 Twitter caught censoring conservatives with site-wide shadow ban – Zero Hedge
7/21 Through a glass darkly — an MK-ULTRA primer – Kennedys and King
7/20 Handover of Julian Assange to UK may be imminent – Disobedient Media
Self-sufficiency, Food Security, Health, Survival
7/23 Biomes, they are a-changin’ – Medium
7/23 Fed finds wealth advantage for college grads is disappearing – ZH
7/23 The best places to keep your guns and gun safes – Survival Sullivan
CyberWar, CyberTerrorism, CyberCrime
7/23 One in four Singapore residents hit in medical data theft – CNet
7/18 How quantum computers could steal your bitcoin – News.com
7/18 Hacker world: It’s only getting worse – Nestmann
Off-Topic
7/23 Is Horvath’s Clock the smoking gun of biological aging? – Elysium Health
7/23 Our vanishingly pleasant land – Ecologist
7/22 Australian scientists develop world’s first melanoma blood test – Medical Express
7/22 World without Summer – Dr. Sircus
7/20 Global warming hysteria – Mish
7/18 The men who wear Fitbits to track their coke benders – MEL
7/18 CRISPR can speed up nature and change how we grow food – Wired