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A Word About the Current Chaos in Prices and Inflation
A Word About the Current Chaos in Prices and Inflation Some prices collapsed, others skyrocketed, and the Consumer Price Index went haywire. Here’s what I’m seeing beyond the near term — and it’s not “deflation.” Amid soaring prices of meat, beverages, fruit, veggies, and other food at home, and surging costs of personal goods, medical […]
Chinese Debt Could Cause Emerging Markets to Implode
CHINESE DEBT COULD CAUSE EMERGING MARKETS TO IMPLODE The novel coronavirus has brought the world economy to a grinding halt. Global growth is set to fall from 2.9 percent last year into deep negative territory in 2020—the only year besides 2009 that this has happened since World War II. Recovery will likely be slow and […]
Stocks Tumble After Powell Says “Fed Not Looking At Negative Rates”
Stocks Tumble After Powell Says “Fed Not Looking At Negative Rates” Update (0935ET): The market is throwing a tantrum, demanding – it would appear – that The Fed move to negative rates as following Fed Chair Powell’s comments that NIRP “was not in The Fed’s toolbox.” How long will The Fed allow stocks to drop […]
A Taste Of What Is Coming – Food Prices Just Increased By The Most That We Have Seen Since 1974
A Taste Of What Is Coming – Food Prices Just Increased By The Most That We Have Seen Since 1974 Get ready to pay much more for groceries. I have been warning that the flood of new money that the Federal Reserve and Congress have been pumping into the system would have very serious consequences, […]
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 […]
