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Stockman Warns “The Jig Is Up!” – Covid-19 And The Defenestration Of The Central Bankers
Stockman Warns “The Jig Is Up!” – Covid-19 And The Defenestration Of The Central Bankers Let it be said that historians will surely marvel – and at some point soon – about the grand delusion of the present era. Namely, the near universal belief that central bankers could print, peg and palaver the main street economy […]
Schiff: “US Is In A Gigantic Bubble… & Covid-19 Is Going To Be The Pin”
Schiff: “US Is In A Gigantic Bubble… & Covid-19 Is Going To Be The Pin” While yesterday’s collapse in stocks has been broadly blamed on worsening Covid-19 headlines; Peter Schiff, the CEO and chief global strategist at Euro Pacific Capital, dug a little deeper into the real problems behind the market’s fragility on RT’s Boom Bust […]
To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits
To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits As oil prices plummet, oil bankruptcies mount, and investors shun the shale industry, America’s top oil field — the Permian shale that straddles Texas and New Mexico — faces many new challenges that make profits appear more elusive than ever for the financially failing shale oil industry. […]
Rabobank: Several Things Cratered Yesterday
Rabobank: Several Things Cratered Yesterday Several things cratered yesterday. The first was global stocks. The S&P dropped 3.4%, which once upon a time was just a normal bad day in the office, but in our new normal of central banks tacitly and US presidents openly targeting stock prices as the key driver of the global ‘economy’, […]
Red Gold: China’s Stealth Plan to Use Gold for World Domination
Red Gold: China’s Stealth Plan to Use Gold for World Domination Gold used to be important. During and after World War II, every major developed country amassed as much physical gold as they could. It stabilized currencies and signaled independence. But with the end of the gold standard in 1971, most countries began to sell […]
No, The Fed Will Not “Save the Market”–Here’s Why
No, The Fed Will Not “Save the Market”–Here’s Why The greater the excesses, speculative euphoria and moral hazard, the greater the reversal. A very convenient conviction is rising in the panicked financial netherworld that the Federal Reserve and its fellow dark lords will “save the market” from COVID-19 collapse. They won’t. I already explained why […]
Peter Schiff Doubles Down on the Dollar
Peter Schiff Doubles Down on the Dollar Last year at the Vancouver Resource Investment Conference, Peter Schiff bet Brent Johnson a gold coin that the Fed’s next move would be a rate cut. At this year’s conference, Peter collected his gold coin. Brent and Peter went on to debate the future of the US dollar. Brent […]
Goldman Issues Shocking Warning On Systemic Threat From Supply-Chain Collapse
Goldman Issues Shocking Warning On Systemic Threat From Supply-Chain Collapse Having desperately avoided any discussion of a worst-case coronavirus scenario – or frankly any scenario that did not involve all time highs for stocks – for over a month, suddenly the market is obsessing with what a complete paralysis of China could mean for the […]
Stocks Slide As CDC Confirms 53 Cases In The US
Stocks Slide As CDC Confirms 53 Cases In The US Summary: Stocks slide as CDC releases new US case numbers Italy reports 7th death, 200+ confirmed cases WHO says outbreak not yet a ‘pandemic’ First cases reported in Oman, Bahrain WHO kowtows to China in statement Wuhan issues order to loosen lockdown, then U-turns NHC […]
Could Central Bankers Use Coronavirus as the Scapegoat to Deflect Blame for the Next Imminent Global Economic Crisis?
Could Central Bankers Use Coronavirus as the Scapegoat to Deflect Blame for the Next Imminent Global Economic Crisis? We all know that Henry Kissinger famously stated in an interview, shortly after Barack Obama was elected President of the United States in 2009, that a crisis should be viewed as a “great opportunity” to implement massive changes that […]
Rabobank: Our Coronavirus Base Case Is Rapidly Shifting From “Bad” To “Ugly”
Rabobank: Our Coronavirus Base Case Is Rapidly Shifting From “Bad” To “Ugly” Regular readers will know that our four projected COVID-19 scenarios were “Bad, Worse, Ugly, and Unthinkable”. Current news today suggests risks that the base case is rapidly shifting from “Bad”, meaning only China is impacted, to “Ugly”, where both emerging Asia and developed economies see […]
Recession “Tipping Point” Triggered: 10Y Yield Crashes Below 1.40%; Countdown To 0% Rates Begins
Recession “Tipping Point” Triggered: 10Y Yield Crashes Below 1.40%; Countdown To 0% Rates Begins Last night, when the implied 10Y yield (Japan was closed) dropped to just 1 basis point above 1.40%, we said that we are literally this close from BofA’s “tipping point” for the 10Y Treasury, below which a recession is virtually assured according […]
I’ve seriously tried to believe capitalism and the planet can coexist, but I’ve lost faith
I’ve seriously tried to believe capitalism and the planet can coexist, but I’ve lost faith As the Productivity Commission confirmed this week, Australia’s economy has enjoyed uninterrupted growth for 28 years straight. Specifically, our output of goods and services last financial year grew by 2%. Economists obviously see the growth of a national economy as good news […]
When Will We Admit Covid-19 Is Unstoppable and Global Depression Is Inevitable?
When Will We Admit Covid-19 Is Unstoppable and Global Depression Is Inevitable? Given the exquisite precariousness of the global financial system and economy, hopes for a brief and mild downturn are wildly unrealistic. If we asked a panel of epidemiologists to imagine a virus optimized for rapid spread globally and high lethality, they’d likely include […]
