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Russian Diplomat’s Warning: ‘Apocalyptic Scenario’ Likely On Korean Peninsula
Russian Diplomat’s Warning: ‘Apocalyptic Scenario’ Likely On Korean Peninsula The tense situation over North Korea’s nuclear program has one top Russian diplomat sounding the alarm. Russian Deputy Foreign Minister Igor Morgulov said that the world can no longer turn a “blind eye” to alarming speed with which North Korea is advancing their weapons of mass destruction. North Korea’s […]
“Deeply-Flawed Western Economic Models” Are Undermining The Worst Global Recovery In History
“Deeply-Flawed Western Economic Models” Are Undermining The Worst Global Recovery In History With stocks at record highs, seemingly proving that everything must be awesome in the world, Chris Watling, chief executive of Longview Economics, shocked CNBC on Friday by reminding them that “this is undoubtedly the lowest quality economic recovery we have seen globally… full […]
Beware Central Banks’ “Illusion Of Control”; Spitznagel Warns “If The Fed Hikes, Markets Will Go Down Very, Very Hard”
Beware Central Banks’ “Illusion Of Control”; Spitznagel Warns “If The Fed Hikes, Markets Will Go Down Very, Very Hard” Central banks have created a bubble in the stock market, which will come down “very, very hard” when it finally prices in a series of Fed rate hikes, said Universa’s Mark Spitznagel, warning that “the markets are […]
Greenspan: “This Is The Worst Period I Recall; There’s Nothing Like It”
Greenspan: “This Is The Worst Period I Recall; There’s Nothing Like It” During a CNBC inteview today, when discussing the historic Brexit vote outcome, Alan Greenspan unleashed a fiery sermon that could have been prepared just by reading a random selection of posts from this website, the former Fed chairman told his shocked hosts that the current […]
Jeff Gundlach: “Things Are Going To Get Pretty Scary”
Jeff Gundlach: “Things Are Going To Get Pretty Scary” One day before the Fed’s June statement, Jeff Gundlach once again accurately predicted the somber mood that would ensue as a result of Yellen’s Wednesday decision and press conference when he correctly said that “Central Banks Are Losing Control.” Today, in the aftermath of James Bullard stunning […]
Swiss Bank Whistleblower Claims Panama Papers Was a CIA Operation
Swiss Bank Whistleblower Claims Panama Papers Was a CIA Operation Bradley Birkenfeld is the most significant financial whistleblower of all time, so you might think he’d be cheering on the disclosures in the new Panama Papers leaks. But today, Birkenfeld is raising questions about the source of the information that is shaking political regimes around […]
The Boomer Retirement Meme Is A Big Lie
THE BOOMER RETIREMENT MEME IS A BIG LIE As the labor participation rate and employment to population ratio linger near three decade lows, the mouthpieces for the establishment continue to perpetuate the Big Lie this is solely due to the retirement of Boomers. It’s their storyline and they’ll stick to it, no matter what the […]
Worst Case Scenario = 73% Down From Here
WORST CASE SCENARIO = 73% DOWN FROM HERE As the stock market gyrates higher and lower in a fairly narrow range, the spokesmodels and talking heads on CNBC breathlessly regurgitate the standard bullish mantra designed to keep the muppets in the market. They are employees of a massive corporation whose bottom line and stock price […]
This Chart Shows the First Big Crash Is Likely Just Ahead
This Chart Shows the First Big Crash Is Likely Just Ahead The story on Wall Street and CNBC continues to be that we’re in a correction and this is a buying opportunity. Even Warren Buffett joins the chorus of stock market cheerleaders for the skeptical public. Well, I agree with the skeptical public, not the […]
David Stockman CNBC Interview: “I don’t Know What The Bulls Are Smoking”
David Stockman CNBC Interview: “I don’t Know What The Bulls Are Smoking” Anyone who believes that the global economy isn’t crashing must be delirious, according to David Stockman. The former director of the Office of Management and Budget argues that a rapidly deteriorating economic environment is going to send stocks and oil prices spiraling even […]
OPEC’s Trillion Dollar Mistake
OPEC’s Trillion Dollar Mistake A few days after Christmas I appeared on CNBC Asia’s Squawk Box to discuss the volatility in the oil market. Bernie Lo asked a question about OPEC’s strategy, and I characterized their decision to defend market share as “a big, costly mistake” that had already cost the group over $500 billion in 2015 […]
Saudi Arabia is Buying Up American Farmland to Export Agricultural Products Back Home
Saudi Arabia is Buying Up American Farmland to Export Agricultural Products Back Home Just what we need, cornfield crucifixions. Seriously though, this is very troubling. The Saudis are explicitly conserving their own resources at home, while exploiting land and water supplies here in America. CNBC reports: Saudi Arabia and other Persian Gulf countries are scooping up farmland in […]
The Financial Crisis Of 2016 Rolls On – China, Oil, Copper And Junk Bonds All Continue To Crash
The Financial Crisis Of 2016 Rolls On – China, Oil, Copper And Junk Bonds All Continue To Crash Never before have we seen a year start like this. On Monday, Chinese stocks crashed once again. The Shanghai Composite Index plummeted another 5.29 percent, and this comes on the heels of two historic single day crashes last […]
Stock Market Suffers Worst Start to the Year Ever – What Does it Mean?
Stock Market Suffers Worst Start to the Year Ever – What Does it Mean? A Dismal Beginning From December 30 to the end of the first week trading week of January, the DJIA has declined by roughly 7.7% (approx. 1,370 points) and the SPX by roughly 7.6% (approx. 160 points). This was nothing compared to […]
This Time Isn’t Different
THIS TIME ISN’T DIFFERENT Last year ended with a whimper on Wall Street. The S&P 500 was down 1% for the year, down 4% from its all-time high in May, and no higher than it was 13 months ago at the end of QE3. The Wall Street shysters and their mainstream media mouthpieces declare 2016 […]
