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China Reports Catastrophic Data: PMIs Crash To Record Low, Confirming Coronavirus Collapse
China Reports Catastrophic Data: PMIs Crash To Record Low, Confirming Coronavirus Collapse One week ago, ahead of today’s Chinese data release which would for the first time capture the devastation from the coronavirus pandemic, we wrote that “to those who have been following our series of high-frequency, daily indicators of China’s economy, it will probably not […]
“Trump Faces An Impossible Trade-Off”: Why A Global Recession Is Now Inevitable
“Trump Faces An Impossible Trade-Off”: Why A Global Recession Is Now Inevitable With California reporting late on Friday that a second coronavirus case of “unknown origin” has been uncovered, prompting Santa Claria’s Health Department to caution that “now is the time to prepare for the possibility of widespread community transmission” echoing similar warnings from the […]
There Is Just One Question: Will The Fed Activate A Coordinated Central Bank Bailout On Sunday
There Is Just One Question: Will The Fed Activate A Coordinated Central Bank Bailout On Sunday With global markets in freefall, the S&P opening 3% lower and cementing its worst week since the global financial crisis; the Dow (or is thar Down Joanes) plunging more than 4,000 points this week, traders (especially levered ones) are […]
“The Markets Are Really Panicking”: VIX Explodes, Markets Crash In Worst Week Since Lehman
“The Markets Are Really Panicking”: VIX Explodes, Markets Crash In Worst Week Since Lehman Friday’s market performance has traditionally been the weakest, even during the meltup phase ahead of the recent coronacrash, and as such it will probably not come as a surprise that today’s overnight rout which followed the biggest 6-day correction from a […]
Spirits in the Material World
SPIRITS IN THE MATERIAL WORLD There is no political solutionTo our troubled evolutionHave no faith in constitutionThere is no bloody revolution The Police – Spirits in the Material World As I was driving home from work last week, an almost forty-year-old song began emanating from my radio. I’ve always appreciated the music of The Police, […]
The Global Economy Was Sinking Long Before The Coronavirus Appeared
The Global Economy Was Sinking Long Before The Coronavirus Appeared In order to determine if a geopolitical or economic threat is legitimate, I find it helps to watch how the mainstream propaganda narrative flows and changes. For example, for the past year as almost every fundamental indicator was flashing warning signs on the global economy […]
Peter Schiff: The Real Safe-Haven Money Is Going Into Gold
Peter Schiff: The Real Safe-Haven Money Is Going Into Gold Stock markets tanked on Monday. The Dow Jones was down over 1031 points. It was the biggest drop in two years for the Dow. The Nasdaq shed 355 points. The S&P500 was down 111. As stocks dropped, the bond market was red-hot. Prices soared and […]
Rabobank: Markets Need To Start Pricing For One Of Two Things – One Bad, The Other Terrible
Rabobank: Markets Need To Start Pricing For One Of Two Things – One Bad, The Other Terrible It is that rarest of occasions. Not a global pandemic, because: 1) we still aren’t in one yet, officially; and 2) we have had that pandemic declaration made in the relatively recent past (2009-10). Rather, we are being […]
How Gold Is Manipulated
How Gold Is Manipulated Is there gold price manipulation going on? Absolutely. There’s no question about it. That’s not just an opinion. There is hard statistical evidence to make the case, in addition to anecdotal evidence and forensic evidence. The evidence is very clear, in fact. I’ve spoken to members of Congress. I’ve spoken to […]
The Last Time This Happened Was Days Before The Great Depression
The Last Time This Happened Was Days Before The Great Depression The US equity market is suffering its worst start to a year since 2009… In the space of just six days, we went from record high to a ‘correction’ (over 3,000 Dow points and down over 10.5%)… What is most ominous is the fact that, as […]
World Stocks At Key Support As Pandemic Fears Could Lead To Next Crash
World Stocks At Key Support As Pandemic Fears Could Lead To Next Crash The MSCI World Index captures large and mid-cap stocks in 23 developed markets, with about 1,644 constituents covering about 85% of the free float-adjusted market capitalization in each country. MSCI World has plunged 7.4% in nine sessions as investors dump stocks across all […]
Paying The Price For Our Faustian Bargain With China
Paying The Price For Our Faustian Bargain With China “Faustian bargain, a pact whereby a person trades something of supreme moral or spiritual importance, such as personal values or the soul, for some worldly or material benefit, such as knowledge, power, or riches.” Roughly forty years ago we and the Chinese entered into a true […]
The End of the Beginning or the Beginning of the End?
The End of the Beginning or the Beginning of the End? I don’t consider myself superstitious or paranoid, but this past week I’ve had a rare combination of bad omens, sleepless nights (I *never* have sleep issues), and intuitions that have left me convinced we may truly be at the cusp of “The Fourth Turning” – […]
