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Crude Crashes As Asia Trading Opens; Stocks Slump, Gold Jumps, Yuan Dumps
Crude Crashes As Asia Trading Opens; Stocks Slump, Gold Jumps, Yuan Dumps While gold is spiking higher and stocks are getting hammered lower after a weekend of ugly headlines surrounding the lethality and spread of the novel coronovirus, the Saudis are desperately talking down the crash in crude oil prices… Brent is back below $60 and […]
The Impulses of Lunar Fed Policy Under Repo Madness
The Impulses of Lunar Fed Policy Under Repo Madness This week, while you were busy working, Jamie Dimon, CEO of JP Morgan Chase, took time out from rubbing elbows with fellow movers and shakers at the World Economic Forum in Davos, Switzerland, to share his trepidations: “The only thing I have trepidation about is negative interest […]
Why Germany Is Going To War With Gold
Why Germany Is Going To War With Gold Owning gold is a way to get out of this “debt trap”, but governments don’t want you to own gold, especially in Germany Germans, like Indians and Chinese, love their gold – although their reasons for buying and keeping bullion are somewhat different. In China and India, […]
Will Coronavirus Crater Hopes Of A Global Recovery As World Trade Tumbles?
Will Coronavirus Crater Hopes Of A Global Recovery As World Trade Tumbles? The global economy is faced with a synchronized slowdown as central bank ammunition to fight the next global recession is limited. Monetary authorities across the world have slashed interest rates 80 times over the last 12 months and printed upwards of $1 trillion over four […]
Don’t Mess With the U.S. (Financially)
Don’t Mess With the U.S. (Financially) I’ve been documenting financial warfare in my articles for years, but it still doesn’t get the mainstream attention it deserves. Because as you’ll see below, it can directly impact your wealth. Financial warfare tools include account seizures and freezes, expulsion from global payment systems, secondary fines and penalties on […]
Rick Rule: Gold Is Insurance and You Want to Have Insurance
Rick Rule: Gold Is Insurance and You Want to Have Insurance Rick Rule talked with David Lin of Kitco News at the Vancouver Resource Investment Conference. Rule is the senior managing director at Sprott Inc., and he’s bullish on gold. During this discussion, Rule explains why, touching on a range of subjects including the Federal Reserve, […]
The Corporate Debt Bubble Is A Train Wreck In Slow Motion
The Corporate Debt Bubble Is A Train Wreck In Slow Motion There are two subjects that the mainstream media seems specifically determined to avoid discussing these days when it comes to the economy – the first is the problem of falling global demand for goods and services; they absolutely refuse to acknowledge the fact that […]
The Debate Is Over: In Two Months “Not QE” Officially Becomes QE 4
The Debate Is Over: In Two Months “Not QE” Officially Becomes QE 4 While Neel Kashkari may be theatrically appealing to the intellect of “QE conspiracists” – which as of today in addition to Robert Kaplan, Larry Kudlow and James Gorman also includes as per the chart below Bank of America, in addition to any other person with […]
Blain’s Morning Porridge – 23rd Jan 2020; Plague, Famine, Trump
Blain’s Morning Porridge – 23rd Jan 2020; Plague, Famine, Trump “Being a bully on the internet is a sure sign of insecurity and weakness…” I glanced up at the screens y’day and caught a headline flashing across the screen: “No more boom bust cycle” said the talking head on the screen. Really? Go ask former Premier Gordon […]
Hubris
Hubris One day this bull market will end and the age of the central banking enabled debt bubble will be exposed for the hubris that it is and all the sins of “potential side effects” that central bankers warn about but never do anything about will come back to haunt all of us. It’ll be […]
Bridgewater Co-CIO: “The Boom-Bust Cycle Is Over”
Bridgewater Co-CIO: “The Boom-Bust Cycle Is Over” Just in case anyone was worried that the smart money was quietly getting ready to stop dancing after Bridgewater’s Co-CIO Greg Jensen told the FT in an interview last week that it’s time to buy gold (which he sees rising to $2,000 because the Fed and other central banks would […]
Recession Arithmetic: What Would It Take?
Recession Arithmetic: What Would It Take? David Rosenberg explores Recession Arithmetic in today’s Breakfast With Dave. I add a few charts of my own to discuss. Rosenberg notes “Private fixed investment has declined two quarters in a row as of 2019 Q3. Since 1980, this has only happened twice outside of a recession.” Here is […]
China Is Already Blaming A Slowdown In 2020 On The Coronavirus Epidemic
China Is Already Blaming A Slowdown In 2020 On The Coronavirus Epidemic So much can change in just 24 hours. It was just yesterday that China’s top twitter troll and Beijing propaganda voice to the west, Global Time Editor in Chief Hu Xijin was downplaying the risk from the coronavirus outbreak, comparing it to the […]
Why A Flu Outbreak In China Can Spook Global Markets
Why A Flu Outbreak In China Can Spook Global Markets When people talk about empires of the past, they generally mean Rome and Britain. But the biggest and in some ways most interesting empire was built and run by the Mongols in the 13th and 14th centuries. At it’s peak it stretched from China to […]
IMF Slashes Global GDP Forecast For 6th Consecutive Time, Warns “Climate Change” Will Hit Economy
IMF Slashes Global GDP Forecast For 6th Consecutive Time, Warns “Climate Change” Will Hit Economy After the IMF cut its global economic outlook for 2019 to 2.9% in October, the lowest since the financial crisis, and warned that global trade growth would be “close to a standstill”, moments ago the IMF once again downgraded its […]
