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Crude Crashes Over 10% After OPEC+ Meeting Delays
Crude Crashes Over 10% After OPEC+ Meeting Delays Crude prices are plunging early in Asian trading with Brent down 12% following a delay to the much-hoped-for OPEC+ meeting (due tomorrow, Monday, but now pushed off until Thursday). As Ransquawk details, an OPEC+ call that was scheduled for Monday has been delayed until Thursday, amid an intensifying dispute between […]
“They Want Their Monies Out” – Baltimore Residents ‘Storm Bank’ Amid Fears Of Social Unrest
“They Want Their Monies Out” – Baltimore Residents ‘Storm Bank’ Amid Fears Of Social Unrest The evolution of panic hoarding started with 3M N95 masks, then hand sanitizers, non-perishable foods, guns and ammo, and now cash? A video surfaced on Instagram on Saturday, showing a possible bank run in Baltimore City at the MECU Credit Union, located […]
London Gold Pool Collapse 2020s (VIDEO)
London Gold Pool Collapse 2020s (VIDEO) To better understand where Gold is going, you have to know where it has been (gold price suppression history). Especially in the context of our last 50+ full fiat currency regime years as only for a small single-digit percentage in that time was gold allowed to do its freaking premiere money […]
The Lesson of a Crash that Cured Itself
The Lesson of a Crash that Cured Itself If a government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire—to leave the economy alone. Only if there is no interference, direct or threatened, with prices, wage rates and business liquidation, will the necessary adjustment proceed with smooth dispatch. — Murray […]
Jim Grant Warns The Fed “Firemen Are Also The Arsonists”
Jim Grant Warns The Fed “Firemen Are Also The Arsonists” Having put put America straight on what we are facing and the consequences of these unelected and unaccountable officials terrifying experiments, Grant’s Interest Rate Observer editor Jim Grant is back with another warning that irresponsible policy from the Federal Reserve made the coronavirus crisis worse than it had […]
When It’s Over, Will We Be the Same America?
When It’s Over, Will We Be the Same America? If March shocked this nation as severely as 9/11, what is coming may be even more sobering. “Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully,” said Samuel Johnson. And as it is with […]
A Corporate-Debt Reckoning Is Coming
A Corporate-Debt Reckoning Is Coming Corporate debt is the timebomb everyone saw ticking, but no one was able to defuse. Ratings agencies warned about it: Moody’s, S&P. Central banks and international financial institutions did too: the Fed, the Bank of England, the Bank for International Settlements, the IMF. Financial luminaries expressed concern: Jamie Dimon, Seth Klarman, […]
The Angels Are Freefalling: Q1 Saw Record Downgrades To Junk And The Real Pain Is Coming
The Angels Are Freefalling: Q1 Saw Record Downgrades To Junk And The Real Pain Is Coming Back in November of 2017, this website was the first to suggest that a flood of “fallen angels”, or the lowest, BBB-rated investment grade bonds that are downgraded to junk, will be the event that triggers the next corporate debt […]
This Is What Economic Collapse Looks Like
This Is What Economic Collapse Looks Like Approximately ten million Americans have filed new claims for unemployment benefits over the past two weeks. To put that in perspective, the all-time record for a single week before this coronavirus pandemic hit was just 695,000. So needless to say, 6.6 million claims in a single week puts us […]
GLOBAL SILVER SUPPLY COLLAPSE ON ITS WAY: Mexico mining suspension to hit silver supply
GLOBAL SILVER SUPPLY COLLAPSE ON ITS WAY: Mexico mining suspension to hit silver supply Due to Mexico’s Ministry of Health issuing an Executive Order for the immediate suspension of non-essential activities until April 30th, the mining industry in the country has now come to an abrupt halt. The mining industry was hoping for an exemption […]
The Fate Of Oil’s Torrid Rally Hinges On Trump’s Meeting With US Shale Producers Today: Here’s Why
The Fate Of Oil’s Torrid Rally Hinges On Trump’s Meeting With US Shale Producers Today: Here’s Why Oil has staged a tremendous surge in the past 48 hours, largely on the back of speculation that Trump will “encourage” Saudi Arabia and Russia to pursue output cuts, even though as it subsequently emerged when Trump tweeted […]
March Jobs Disaster: 701,000 Jobs Lost, Unemplyment Rate Soars Most In 45 Years As US Slides Into Depression
March Jobs Disaster: 701,000 Jobs Lost, Unemplyment Rate Soars Most In 45 Years As US Slides Into Depression Just like that the 113 record straight months of employment growth is over with a bang. While today’s payrolls report was expected to be not quite as terrible as the recent initial claims suggested, especially since the […]
In Major Reversal, Singapore Imposes Month-Long Lockdown As Asia Faces “Second Wave” Of COVID-19: Live Updates
In Major Reversal, Singapore Imposes Month-Long Lockdown As Asia Faces “Second Wave” Of COVID-19: Live Updates As we arrive at the end of another week, In NYC, subway trains are still crowded with commuters as the MTA is forced to reduce trains and cars as more of its workforce falls ill or simply refuses to […]
“Panic Stations”: What Are The LBMA And COMEX Trying To Hide?
“Panic Stations”: What Are The LBMA And COMEX Trying To Hide? Between 1962 and 1968, a cartel of central banks from the US and Europe ran a price manipulation scheme in London, aiming to keep the price of gold at $35 per ounce. They did this by constant intervention into the market, pooling their gold reserves […]
