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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” – […]
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 […]
