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Draghi Goes All Out: ECB Cuts Rates, Restarts Open-Ended QE, Changes Forward Guidance, Eases TLTRO, Introduces Tiering
Draghi Goes All Out: ECB Cuts Rates, Restarts Open-Ended QE, Changes Forward Guidance, Eases TLTRO, Introduces Tiering With the market worried that Mario Draghi could surprise hawkishly in his parting announcement… … that is how the market initially interpreted today’s ECB press release, which cut already negative deposit rates for the first time since 2016 to […]
FIAT CURRENCY ENDGAME: You Will Not Like This ONE BIT!
FIAT CURRENCY ENDGAME: You Will Not Like This ONE BIT! No One Comes Back From This Uninjured. In one word, the devaluation is set to ESCALATE. In fact, I term it Competitive Devaluation. There are several countries that will be the pioneers of it, but it will eventually reach the United States of America. In Europe and in Japan, […]
Black Monday – Can It Happen Again?
Black Monday – Can It Happen Again? The 1987 stock market crash, better known as Black Monday, was a statistical anomaly, often referred to as a Black Swan event. Unlike other market declines, investors seem to be under the false premise that the stock market in 1987 provided no warning of the impending crash. The […]
The Risk of a Flash Crash is Rising
The Risk of a Flash Crash is Rising Disclaimer: first of all, calm down. I’m not predicting anything. In fact mostly I’m just tying threads together between a bunch of market risks that have been highlighted by many for some time. Early perhaps they were, but not necessarily wrong. As investors become such increasingly one-sided […]
Russia Considers Possibility Of $25 Oil Next Year
Russia Considers Possibility Of $25 Oil Next Year Russia is considering the notion that oil prices may be as low as $25 per barrel in 2020, the country’s central bank said in its new forecast published on Monday, as cited by Reuters. Russia’s Central Bank has forecast in its macroeconomic forecast that oil could possibly hit […]
The Global Debt Bubble Enters Its Blow-Off Stage
The Global Debt Bubble Enters Its Blow-Off Stage People have been talking about a “debt bubble” for some years now. They’ve been right, of course, based on the combination of surging borrowing and plunging rates. But the bubble hasn’t stopped inflating, and recently it entered what certainsly looks like a terminal blow-off stage. Some highlights: […]
Trump Says Fed Should Cut Rates “To ZERO Or Less”, So US Can Refinance Debt And Lenghten Maturities
Trump Says Fed Should Cut Rates “To ZERO Or Less”, So US Can Refinance Debt And Lenghten Maturities Volfefe begins early today. One day before the ECB is expected to cut rates further into negative territory and restart sovereign debt QE, moments ago president Trump resumed his feud with the Fed piling more pressure on Powell […]
Federal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise
Federal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise It’s happening again. Just like last time around, the head of the Federal Reserve is telling us that there won’t be a recession even though all of the evidence suggests otherwise. Just before the recession of 2008, Federal […]
The Shale Boom Has Turned To Bust: Producers Slashing Budgets, Staff, & Production Goals
The Shale Boom Has Turned To Bust: Producers Slashing Budgets, Staff, & Production Goals The collapse in the shale industry is continuing with no signs of stopping or even slowing down. No sooner did we highlight how shale is doomed no matter what the industry does and how recent price movements have triggered chaos across the industry, than we find […]
Sluggish Oil Demand To Keep A Lid On Oil Prices Amid Global Recession Fears
Sluggish Oil Demand To Keep A Lid On Oil Prices Amid Global Recession Fears John Kemp, senior market analyst of commodities at Reuters, cites a new report via B.P.’s finance chief that indicates global oil consumption will be less than 1 million barrels per day this year, an ominous sign that the global economy is quickly deteriorating. […]
Why the ECB should raise, not cut rates
Why the ECB should raise, not cut rates Negative rates are likely one of the reasons behind the lacklustre European growth. Negative rates have worked as a tool to transfer wealth from savers to the indebted governments that have abandoned all structural reforms, while these extremely low rates have also perpetuated overcapacity, incentivised the refinancing of […]
“Judging By Bond Markets, Economic Armageddon Is Just Around The Corner”
“Judging By Bond Markets, Economic Armageddon Is Just Around The Corner” “Judging by bond markets around the world, economic Armageddon – or something awfully close to it – is just around the corner.” – SocGen, September 5, 2019 “It’s difficult to describe markets,” said the CIO, reflecting on his decades of trading. “For what seems like […]
Solar Energy Is Renewable, But Is it Environmentally Just?
Solar Energy Is Renewable, But Is it Environmentally Just? Story Transcript DHARNA NOOR: It’s The Real News. I’m Dharna Noor. The solar industry has been soaring over the past several years. The US is now home to some two million solar installations. Solar energy now provides about a fifth of California’s power and it makes sense […]
The Club & Why the Majority Must be Always Wrong
The Club & Why the Majority Must be Always Wrong QUESTION: Mr. Armstrong; I did my own research on the 1998 Russian collapse. All the big names lost billions. Even the New York Times reported that George Soros lost $2 billion. You were the only one who made money so it made sense that you were named hedge […]



