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Rickards: This Time IS Different
Rickards: This Time IS Different Stocks stumbled out of the gate today, at least partially on fears about a resurgence in coronavirus cases. South Korea, which did an excellent job containing the virus, has reported a new batch of cases. Japan and Singapore also reported new cases. Infections are increasing in Germany as well, where […]
The Oil Crisis Puts The Entire U.S. Economy At Risk
The Oil Crisis Puts The Entire U.S. Economy At Risk Job losses, well shut-ins, and bankruptcies have replaced the praise surrounding the shale oil boom that greatly enhanced America’s energy independence and gave President Trump a reason to tout energy dominance. Now, the federal government is mulling over ways to help the industry curb its […]
Pandemic, Lockdowns, Fake and Manipulated Markets – Gold and Silver Outlook
Pandemic, Lockdowns, Fake and Manipulated Markets – Gold and Silver Outlook Watch Video Update (Live 12/05/2020 ◆ The massive global debt driven “Everything Bubble” is bursting due to the pandemic and more specifically the governments draconian economic lockdowns◆ A dollar crisis is inevitable with U.S. government debt surging by some $2 trillion in a matter of weeks […]
The Way of the Tao Is Reversal
The Way of the Tao Is Reversal As Jackson Browne put it: Don’t think it won’t happen just because it hasn’t happened yet. We can summarize all that will unfold in the next few years in one line: The way of the Tao is reversal. This is the opening line of Chapter 40 of Lao Tzu’s 5,000-character […]
Core CPI Crashes By Most On Record; Food Costs Soar As Energy & Apparel Collapse
Core CPI Crashes By Most On Record; Food Costs Soar As Energy & Apparel Collapse Headline Consumer Prices fell 0.8% MoM – the biggest drop since 2008 – as soaring food inflation was dominated by plunging energy, apparel, and lodging costs… But it was Core CPI, printing 0.4% MoM that made the headlines. That is the […]
Review of Facing the Anthropocene: Fossil Capitalism and the Crisis of the Earth System
Review of Facing the Anthropocene: Fossil Capitalism and the Crisis of the Earth System Introduction This review is a critique of Facing the Anthropocene: Fossil Capitalism and the Crisis of the Earth System by Ian Angus. The review adopted a multi-theoretical framework that combines insights from socio-cognitive terminology theory (STT), legitimation code theory (LCT) and critical discourse […]
Job Loss Disaster Slams Low-Wage, Young Workers
Job Loss Disaster Slams Low-Wage, Young Workers April numbers show three million lost jobs, while another 2.5 million people had their hours cut in half. We thought the March jobless numbers were bad, but it is almost a good news story compared to what we saw Friday in the April figures. The unprecedented closure of major sections […]
Fourth Turning Accelerating Towards Climax
FOURTH TURNING ACCELERATING TOWARDS CLIMAX “At some point, America’s short-term Crisis psychology will catch up to the long-term post-Unraveling fundamentals. This might result in a Great Devaluation, a severe drop in the market price of most financial and real assets. This devaluation could be a short but horrific panic, a free-falling price in a market […]
Rabobank: Stocks Go Up As Everything Is Going Down In Flames
Rabobank: Stocks Go Up As Everything Is Going Down In Flames It’s All Going to the Dogs (and Goats) Friday’s April US payrolls report showed 20.5 million jobs lost when in an ordinary downturn 200,000 might be considered bad; the drop in March alone was larger than that seen during the worst of the global financial […]
This Energy Analyst Says the Oil Sands Are ‘Done’
This Energy Analyst Says the Oil Sands Are ‘Done’ COVID-19 is making many bearish about bitumen. Deborah Lawrence’s past pessimism has proven unpopular, and correct. Deborah Lawrence used to be a stockbroker with Merrill Lynch. Over the past decade, the independent economic analyst has developed a reputation for telling oil investors what they don’t want […]
“A Legal Nightmare”: In Latest European “Freakshow”, EU Threatens To Sue Germany Over QE Ruling
“A Legal Nightmare”: In Latest European “Freakshow”, EU Threatens To Sue Germany Over QE Ruling In the latest European farce, the European Commission threatened to sue Germany after the country’s top court questioned the legality of the ECB’s bond-buying program, Bloomberg reported over the weekend. In what Nordea’s Andrewas Steno Larsen dubbed the “ongoing freakshow in the Euroarea”, the […]
Why Trump Is Desperate To Secure This Rare Metal
Why Trump Is Desperate To Secure This Rare Metal While the United States is slowly working towards ending the lockdown and restarting the economy, the federal government is quietly fighting a second war with China over critical metals. One of those critical metals in particular is the extremely rare key to global technological dominance because […]
Weekly Commentary: Schumpeter’s Business Cycle Analysis
Weekly Commentary: Schumpeter’s Business Cycle Analysis The work of the great economist Joseph Schumpeter (1883-1950) has always resonated. When I ponder analytical frameworks pertinent to these extraordinary times, none are more germane than Schumpeter’s Business Cycle Analysis. Best known for “creative destruction,” Schumpeter’s seminal work materialized after experiencing the spectacular “Roaring Twenties” boom collapse into […]
GDP Now Q2 Estimate At -34.90 Percent, So What Now?
GDP Now Q2 Estimate At -34.90 Percent, So What Now? Summary The Atlanta Fed’s GDP Now is estimating a -34.9 percent Q2 GDP print, which is 3.5x the largest quarterly decline in the post-WWII economy If realized, the 11.3 percent non annualized first-half GDP collapse in 2020 will approach the worse year of the Great Depression, […]
Amid the Coronavirus Pandemic, America’s Billionaires Thrive and Prosper
Amid the Coronavirus Pandemic, America’s Billionaires Thrive and Prosper Although most Americans currently face hard times, with unemployment surging to the levels of the Great Depression and enormous numbers of people sick or dying from the coronavirus pandemic, the nation’s super-rich remain a notable exception. Financially, they are doing remarkably well. According to the Institute for Policy Studies, between […]
