11.12.15- Short This Homebuilder Bounce
Dave Kranzler

Last week and the week before, Pulte and Calatlantic (Ryland/Std Pacific merger) reported their latest fiscal quarter.  Both companies reported a decline in homes delivered to buyer (closings).  This was consistent with the new home sales reports, overall, for the 3-month period.  The home builders were hit after both of these reports, taking the DJUSHB from 600 down to 560 – or 6.7% – over the next 13 trading days.  Beazer is still down 20% from when I first posted the original research report.  It’s headed to zero, or close to it.

Yesterday DR Horton reported its Q4/Fiscal yr-end results and Beazer reported the same today.  While DHI “beat” earnings by a penny, it missed on the Street’s revenue estimates. Read More

11.09.15- Astonishing report from the Fed says US banks are not "sound"
Paul Craig Roberts

Late last week, a consortium of financial regulators in the United States, including the Federal Reserve and the FDIC, issued an astonishing condemnation of the US banking system.

Most notably, they highlighted "continuing gaps between industry practices and the expectations for safe and sound banking."

This is part of an annual report they publish called the Shared National Credit (SNC) Review. And in this year's report, they identified a huge jump in risky loans due to overexposure to weakening oil and gas industries. Read More

11.07.15- The end-point in financial credit
Alasdair Macleod

Since the 1980s, markets have had to adapt to a world of infinite credit.

Of course, this credit has not been available to everyone: it has been principally deployed in favour of governments, financial markets, and big business. It amounts to a cartel, planned or unplanned, a partnership between banks and government that dominates and controls previously free markets.

The justification for this arrangement is based on anti-market macroeconomic theories, always sympathetic to central planning. The partnership is between governments, their central banks and the commercial banks, granting them a licence to operate by expanding credit out of thin air. Read More

11.06.15- What If Silver Wheaton Doesn't Help Save Glencore?
Reuben Gregg Brewer

Silver Wheaton is ready for a big deal, but that doesn't mean it will say yes to a Glencore streaming deal.

Silver Wheaton Corp. (USA) (NYSE:SLW) has seen its name come up several times in reference to troubled commodity giant Glencore (NASDAQOTH: GLNCY). Why? Because Glencore needs money and Silver Wheaton's whole business is about giving money to miners in exchange for silver and gold. This wouldn't be the first troubled miner the streaming company stepped in to help. But will it come to Glencore's rescue? Read More

11.05.15- Ignore The Dead Cat Bounce:
The Next Financial Crash Has Already Begun

Paul Mason

The 1st of October came and went without financial armageddon. Veteran forecaster Martin Armstrong, who accurately predicted the 1987 crash, used the same model to suggest that 1 October would be a major turning point for global markets. Some investors even put bets on it. But the passing of the predicted global crash is only good news to a point. Many indicators in global finance are pointing downwards – and some even think the crash has begun. Read More

11.04.15- In Sweden Cash Is Becoming Radioactive
Joseph T. Salerno

The Swedish government abetted by its fractional-reserve banking system is moving relentlessly toward a completely cashless economy. Swedish banks have begun removing ATMs even in remote rural areas, and according to Credit Suisse the rule of thumb in Scandinavia is “If you have to pay in cash, something is wrong.

Since 2009 the average annual value of notes and coins in circulation in Sweden has fallen more than 20 percent from over 100 billion to 80 billion kronor. Read More

11.03.15- The Best Inverse Play, as the Market Goes "Back to the Future"
Michael E. Lewitt

Markets produced their strongest returns in four years in October – ignoring a steady stream of bad economic news and lousy corporate earnings.

The Dow Jones Industrial Average soared 8.5% while the S&P 500 jumped 8% for the month.  The Nasdaq Composite Index was driven higher by strong big tech earnings. It skyrocketed by 9.38% and is now back above 5000. Read More

11.02.15- Bill Black:
Why The Banksters Are Winning

Chris Martenson

View Video

10.31.15- The Yield Curve and GDP – a causal relationship?
Eugen von Böhm-Bawerk

One of the most reliable indicators of an imminent recession through recent history has been the yield curve. Whenever longer dated rates falls below shorter dated ones, a recession is not far off. Some would even say that yield curve inversion, or backwardation, help cause the economic contraction.

To understand how this can be we first need to understand what GDP really is. Contrary to popular belief, GDP only has an indirect relation to material prosperity. Broken down to its core component, GDP is simply a measure of money spent on goods and services during a specified period, usually a year or a quarter. Read More

Economic False Flag Only Days Away?
Michael Snyder

If something happens during the first week of November, a lot of people are going to be asking some very hard questions.

Have the elite warned us that November 3rd and November 5th will be particularly important dates?  The Economist has very close ties to the Rothschild banking dynasty of Europe, and it has been a well-known mouthpiece for the global elite for decades.  That is why all of the weird imagery that was used on the cover of the January 2015 issue made so many headlines when it first came out.  The elite often like to foreshadow what they intend to do in advance, and many were trying to decipher what many of the cryptic symbols might mean.  For those that have not seen it yet, here is the full cover…Read More

10.29.15- Your Shot at a Hidden $100 Billion Business
Greg Guenthner

How'd you like to grab your piece of a brand new, $100 billion business?

Then stick around because today you have the opportunity to do exactly that. And if you jump aboard this high-flyer now, you could be looking at incredible returns before all is said and done.

Got your attention yet? Read More

10.28.15- These Giant Companies Are Struggling. Is This The Real Indication Of Something More Troubling?
Filip Karinja

The Mainstream Media claims the economy is great, but then why are all of these industry giants failing?

Despite the mainstream media running headlines like “Nowhere to go but up“, the numbers coming out on the health of the economy tell a different story.

To be sure, there are some companies doing well at the moment; the media has a field day parading around the likes of Google (now Alphabet), Facebook and Amazon. Read More

10.27.15- The Calm Before The Storm
Michael Snyder

Have you noticed that things have gotten eerily quiet in the month of October?  After the chaos of late August and early September, many had anticipated that we would be dealing with a full-blown financial collapse by now, but instead we have entered a period of “dead calm” in which things have become exceedingly quiet in almost every way that you can possibly imagine.  Other “watchmen” that I highly respect have made the exact same observation.  Even though the economic numbers are screaming that we have entered a global recession, they aren’t really make any headline news. Read More

10.26.15- Half of Millennials live at home with parents: The economy still feels like it is in a deep recession for millions of Millennials.

The Great Recession officially ended in the summer of 2009.  That was a long time ago.  Yet somehow along the windy road, Millennials are not feeling the love from this so-called economic recovery.  Millennials continue to graduate with mountains of student loan debt coming out with an average of $30,000 per graduate.  Millennials are struggling to find good paying jobs in a sea of low wage employment that in many cases is a mismatch for their degrees.  You also have a large number of Millennials living at home with their parents unable to move out into a rental or to purchase a new home. Read More

10.24.15- A Simple Way to Profit from Glencore's Complex Problems
Shah Gilani

Glencore Plc. (LON: GLEN) is the world’s biggest, most important commodities trader, and it is in big trouble, under heavy pressure from all directions.

Too many things have to go right for Glencore to escape. If it can’t pare down its debt load fast enough, if it can’t raise cash fast enough, if ratings agencies junk it, or if commodities prices keep falling, Glencore could implode – violently. Read More

10.23.15- Meet "Stunningly Catastrophic" Patricia, The World's Strongest Storm Ever
Is About To Hit Mexico

Tyler Durden

"Stunning, historic, mind-boggling, and catastrophic" is how Weather Underground's Jeff Masters sums up Hurricane Patricia, which intensified to an incredible-strength Category 5 storm with 200 mph winds overnight as it approaches the Mexican coast. As The NY Times reports, The World Meteorological Organization warned that the hurricane’s strength was comparable to that of Typhoon Haiyan, which caused devastation in the Philippines in 2013, and so Mexico has declared a state of emergency for Puerto Vallarta (with officials warning that storm surges could cause waves of up to 39 feet) as she is forecast to hit the coast between 6 and 10pm ET. Read More

10.22.15- A "Saturated World"
Bill Holter

For many years I have written about “debt saturation” being the ultimate problem and the end game to the current system. Back in 2007 I wrote how we were facing a solvency problem rather than a liquidity problem. When the Treasury and Fed treated the 2008 debacle with more liquidity, I was adamant they were treating the wrong disease with the wrong cure. Fast forward to present day, we should soon see what the “disease” actually was, how incurable it now is and how devastating to our way of life it will be. Read More

10.21.15- Warning sign: Tech companies of All Sizes and Ages Are Starting to Have Layoffs
David Stockman

What do Twitter, Microsoft, and Snapchat all have in common?

They have all had layoffs in recent months.

The reasons for the layoffs are as varied as the companies’ products, but the job cuts provide an interesting counterpoint to the parade of mega-funding and billion-dollar startup announcements that have dominated headlines all year. Read More

10.20.15- Wrath of Financial Engineering: It's Now Eating into Earnings
Wolf Richter

Companies with investment-grade credit ratings – the cream-of-the-crop "high-grade" corporate borrowers – have gorged on borrowed money at super-low interest rates over the past few years, as monetary policies put investors into trance. And interest on that mountain of debt, which grew another 4% in the second quarter, is now eating their earnings like never before.

These companies – according to JPMorgan analysts cited by Bloomberg – have incurred $119 billion in interest expense over the 12 months through the second quarter. The most ever. Read More

10.19.15- Undersize Me? McDonald's Franchise Owners Admit Fast Food Giant
"Facing Its Final Days"

Tyler Durden

Having seen the writing on the $15 minimum wage wall...

And given the new 'lack of transparency' following McDonalds' managements' decision to stop reporting sales numbers monthly...

It appears McDonalds' franchie owners are voicing their concerns... rather ominously... as TheAntiMedia.org's Nick Bernabe reports, Read More

10.17.15- Walmart's Ominous Stock Market Signal
John Rubino

Companies like Walmart and McDonalds’s have made their investors rich by squeezing costs and cutting prices. But it turns out that low-cost means low-wage, and as this model spread it contributed to the now-impossible-to-ignore migration of income and wealth from workers to owners of the capital and symbol manipulation skills that such a system demands. Read More

10.16.15- Opinion: How fast we forget what drives stock prices
John Coumarianos

The great economist John Maynard Keynes once said: "Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist."

Few recent writings display this phenomenon better than a blog post by Josh Brown, aka The Reformed Broker, the title of his well-read (usually deservedly so) website. Read More

10.15.15- Wal-Mart’s Worst Stock Crash In 27 Years Is Another Sign That The Economy Is Rapidly Falling Apart
Michael Snyder

Now that a major global recession has begun, you would expect major retailers like Wal-Mart to run into trouble as consumer spending dries up, and that is precisely what is happening.  On Wednesday, shares of Wal-Mart experienced their largest single day decline in 27 years after an extremely disappointing earnings projection was released.  The stock was down about 10 percent, which represented the biggest plunge since January 1988. Read More

10.14.15- The Death Of Hopium
Adam Taggart

Tech Bubble 3.0 is in the process of bursting

As many readers know, I spent 13 years living and working in Silicon Valley before partnering up with Chris to start Peak Prosperity.

I got my MBA at Stanford in 1999 when the dot-com bubble was at its zenith, and worked for both a VC-funded start-up as well as one of the biggest Internet juggernauts (Yahoo!). I lived in Palo Alto, the central core of the tech scene. Read More

10.13.15- How Much Longer Can Our Unaffordable Housing Prices Last?
Charles Hugh Smith

Markets discover price via supply and demand: Big demand + limited supply = rising prices. Abundant supply + sagging demand = declining prices.

Eventually, prices rise to a level that is unaffordable to the majority of potential buyers, with demand coming only from the wealthy. That’s the story of housing in New York City, the San Francisco Bay Area and other desirable locales that are currently magnets for global capital. Read More

10.12.15- Big Banks, Serious Trouble
John Rubino

It turns out that the world of ZIRP/NIRP isn’t the banking paradise that some thought it would be. See Why The Big Banks Want Higher Interest Rates.

Whether the problem is with low interest rates themselves or the fact that rates still aren’t low enough to ignite a new credit boom is not clear. What is clear is that the world’s money center banks are facing a brutal downsizing. From today’s Wall Street Journal:

Deutsche Bank: Tip of the Iceberg for Cutbacks at European Banks? Read More

10.10.15- Weekend Rant: This is the Way the Empire Ends
Bionic Mosquito

Russia has certainly changed the storyline in the Middle East.  Not differentiating rebel forces (rebels being all forces counter to Assad); Russia fights them all – including those "moderate" forces backed by the empire.

Russian cruise missiles launched from the Caspian.  The empire's response?

Four Russian cruise missiles fired at Syria from the Caspian Sea landed in Iran, unnamed US officials say.

Words. Read More

10.09.15- Global Financial Meltdown Coming? Clear Signs That The Great Derivatives Crisis Has Now Begun
Michael Snyder

Warren Buffett once referred to derivatives as “financial weapons of mass destruction“, and it was inevitable that they would begin to wreak havoc on our financial system at some point. While things may seem somewhat calm on Wall Street at the moment, the truth is that a great deal of trouble is bubbling just under the surface. As you will see below, something happened in mid-September that required an unprecedented 405 billion dollar surge of Treasury collateral into the repo market. I know – that sounds very complicated, so I will try to break it down more simply for you. It appears that some very large institutions have started to get into a significant amount of trouble because of all the reckless betting that they have been doing. Read More

10.08.15- NIRP, its likelihood and effect on commodities
Alasdair Macleod

In last week’s article I pointed out that negative interest rates should lead to a general shift in consumer preferences from money towards essential goods.

Central bankers may wish for this outcome on a controlled basis to allow them to hit their price inflation targets, and this could happen quite quickly. If people face a tax on their cash and bank deposits, which is what a negative interest rate amounts to, they will simply reduce these balances, artificially boosting demand. Read More

10.07.15- A Global Recession Is Coming… and It Won't Be Pretty
Bill Bonner

A Visit to the Temples

SYRACUSE, Sicily – "When in doubt, go to Italy" is the saying. We are always in doubt. What better place to go? Today, a warning about why a global recession is now likely.

But first, an update on Sicily… where we've spent the last few days exploring. Sicily is not exactly Italy. It sits in the middle of the Mediterranean, where every sleepy sailor or ambitious empire builder was bound to wash up. Read More

10.06.15- Dollar Death Sentence
Dave Gonigam

The alarm bell you're not supposed to hear is getting louder and more insistent.

“There’s an old saying in the stock market that when prices are about to collapse, ‘nobody rings a bell,'” Jim Rickards reminded us here in The 5 nearly a year ago.

“Yet sometimes, the global power elites do ring a bell. But they ring it for the wealthiest and most powerful individuals only. Everyday investors like you are not intended to hear it.” Read More

10.05.15- How the Chinese Will Establish a New Financial Order
Porter Stansberry

For many years now, it’s been clear that China would soon be pull­ing the strings in the U.S. financial system.

In 2015, the American people owe the Chinese government nearly $1.5 trillion.

I know big numbers don’t mean much to most people, but keep in mind… this tab is now hundreds of billions of dollars more than what the U.S. government collects in ALL income taxes (both cor­porate and individual) each year. It’s basically a sum we can never, ever hope to repay – at least, not by normal means. Read More

10.03.15- Yes, This Is A Financial Crisis – 11 TRILLION Dollars In Stock Market Wealth Was Wiped Out In The 3rd Quarter
Michael Snyder

Did you know that 11 trillion dollars in global stock market wealth was wiped out during the third quarter of 2015?  When I was emailed this figure by a friend, I was stunned for a moment.  I knew that things were bad, but were they really this bad? When I first received this information, I had just finished a taping for a television show in which I had boldly declared that 5 trillion dollars of stock market wealth had been wiped out around the world.  Unfortunately, the final number has turned out to be much larger than that.  Over the past three months, the stock markets of all major global economies have been crashing simultaneously, and 11 trillion dollars of “paper wealth” has now completely vanished. Read More

10.02.15- Triggers and Trepidations –
with Graham Mehl

Andy Sutton

It has been 7 years now since that fateful weekend when the story leaked out in bits and pieces about what was called a 'problem' at Lehman Brothers. It started on a Friday night and by the time Sunday night rolled around and I embarked on my weekly Blog Talk Radio podcast, it was very obvious there was something terribly wrong.  I was getting calls from concerned clients about what the next day might bring – a rare oddity for a Sunday.

In typical fashion there was little in the way of information until after it was far too late for the average person to dodge the storm. We made moves the Monday after Lehman that turned out to be good ones, but there was a price to pay for being even a day late. Read More

10.01.15- Lack Of Liquidity!
Bill Holter

Two huge pieces of news hit Monday like a one-two punch!  First; UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal followed by; Saudi Arabia withdraws overseas funds http://www.ft.com. Gold and Oil both affect the dollar, and this is happening while global liquidity is drying up. The soon to be catch phrase for October will be “lack of liquidity”! Read More

09.30.15- Glencore Could Trigger A Global Derivatives Nuclear Meltdown
Dave Kranzler

The middle class in America is like the housewife who knows her husband is cheating on her but she chooses to ignore it and pretend it will stop.   – Anonymous FOD – Friend of Dave’s

The system has been totally hijacked.  Make NO mistake about it, gold was hit hard when the paper trading in London cranked up after the SGE had turned off its lights for the day. The reason:  Glencore. Read More

09.29.15- "If the Economy Surprises Us…"
Bill Bonner

Congress Gets a Reprieve

On Thursday, the pope and the Fed chief fought for center stage. God and Mammon – or their earthly representatives – took the headlines. Pope Francis spoke to Congress. "Render unto Caesar" he did not recite.

Nor did he even suggest that mammon might have gotten too big for its britches in the U.S. establishment. Apparently – according to Vatican sources – he forgot to mention it. MSN News has the report: Read More

09.28.15- Deutsche Bank – the New Lehman Brothers?
Martin Armstrong

The rumor mill has been nonstop. The crushing blow to Europe will be the failure of Germany's biggest bank: Deutsche Bank. Just about every circle is quietly discussing how the bank is facing bankruptcy. The rumors have flown since March when Deutsche Bank failed the U.S. regulatory stress test, which was followed by the resignation of its head in June. A collapse of the Deutsche Bank is profound and very likely to impact Europe to the point that everyone behind the curtain is now calling for a new Lehman moment. Sources tied with the Fed's decision not to raise rates fear that they will be seen as the cause of its failure. Germany clearly faces a major shock; if this combines with Volkswagen for the turning point next week, well, here we go again. Read More

09.26.15- Two Signs We May Have Reached Capitulation from Common Stock Warrants Watcher Dudley Baker
The Gold Report

The Gold Report: A lot has changed in the resource space since we interviewed you last. From your perspective in Mexico, how did we get to where we are today?

Dudley Baker: I stay abreast of the views of our friends—Rick Rule, Frank Holmes and many of the others in the business. Despite the toll low gold and silver prices have taken on companies and portfolios, I remain confident that those of us still invested in this sector will be greatly rewarded for our patience. It’s just a matter of time. Read More

09.25.15- Two Outs in the Bottom of the Ninth
Jim Quinn

The housing market peaked in 2005 and proceeded to crash over the next five years, with existing home sales falling 50%, new home sales falling 75%, and national home prices falling 30%. A funny thing happened after the peak. Wall Street banks accelerated the issuance of subprime mortgages to hyper-speed. The executives of these banks knew housing had peaked, but insatiable greed consumed them as they purposely doled out billions in no-doc liar loans as a necessary ingredient in their CDOs of mass destruction. Read More

09.24.15- Caterpillar Shocker: Industrial Bellweather To Fire Up to 10,000;
Slashes Revenue Outlook

Tyler Durden

Just three days ago after looking at the latest CAT retail sales, we asked in stunned amazement "What On Earth Is Going On With Caterpillar Sales?" and showed the following two charts: Read More

09.23.15- Existing Homes Sales Drop 3x Faster Than Expected
Dave Kranzler

Existing home sales for August were released Monday.  They declined nearly 5% from July, with July revised down from the original report.  The brain trust on Wall Street was expecting a 1.3% decline.

It was only a matter of time before home sales started dropping again.  But a drop of this magnitude in August took me by a bit of surprise.  Of course, the National Association of Realtor’s chief “economist” offered pathetic excuses for the hammer applied to home sales in August with half-truths, distorted truths and omission of facts. I was actually a bit shocked by the transparency of his apologies for the highly disappointing report. Read More

09.22.15- A Currency War That Few Economists and Analysts Notice, Much Less Understand
Jesse's Café Américain

"The enormous gap between what US leaders do in the world and what Americans think their leaders are doing is one of the great propaganda accomplishments of the dominant political mythology."

Michael Parenti

Most economists and financial analysts think that 'currency war' merely refers to the competitive devaluations that nations sometimes engage in to help boost their domestic economies, as they had done in the 1930's for example. Read More

09.21.15- Nine Items on My Radar Screen: Are They on Yours?
Marc Chandler

1. Temporal Inconsistencies at the Fed:

The Fed's decision to delay the beginning of the normalization of monetary policy of undermines confidence in when lift-off will actually take place. It is clear that many, like ourselves, thought September was a likely opportunity, have now pushed lift-off to December, largely skipping the October meeting due to its proximity and the absence of a scheduled press conference. In recent months, the FOMC has recognized that market-based measures of inflation expectations were soft but that survey-based measures were stable. Last week the FOMC singled out the softer break-evens as part of the justification to wait before hiking. Read More

09.19.15- Why What's About to Begin Will Dwarf 2008
Graham Summers

Earlier this week I outlined how the next Crash will play out.

Today we'll assess why this Crisis will be worse than the 2008 Crisis.

By way of explanation, let's consider how the current monetary system works…

The current global monetary system is based on debt. Governments issue sovereign bonds, which a select group of large banks and financial institutions (e.g. Primary Dealers in the US) buy/sell/ and control via auctions. Read More

09.18.15- Three Reasons Why the U.S. Government Should Default on Its Debt Today
Doug Casey

The overleveraging of the U.S. federal, state, and local governments, some corporations, and consumers is well known.

This has long been the case, and most people are bored by the topic. If debt is a problem, it has been manageable for so long that it no longer seems like a problem. U.S. government debt has become an abstraction; it has no more meaning to the average investor than the prospect of a comet smacking into the earth in the next hundred millennia. Read More

09.17.15- Big Banks Cutting Tens Of Thousands Of Jobs; Huge Implications
John Rubino

Money center banks — which over the past few decades have grown into the biggest financial entities the world has ever seen — appear to have hit a wall, and are now shedding tens of thousands of workers. Three recent examples:

Barclays plans to cut more than 30,000 jobs

(CNBC) – Barclays plans to cut more than 30,000 jobs within two years after firing Chief Executive Antony Jenkins this month, The Times reported on Sunday. Read More

09.16.15- Investors braced for more market turmoil, with US Federal Reserve poised to raise interest rates
Alex Hawkes

Investors are braced this week for market turmoil, with the US Federal Reserve poised to raise interest rates.

The US Federal Open Market Committee will say on Thursday if it is putting up the federal funds rate for the first time since 2006.

Analysts have long expected a hike this month from the current range of 0 to 0.25 per cent, but the August stock market turmoil has led some to believe that the Federal Reserve will hold off until later in the year. Read More

09.15.15- Fund Manager: Whatever is Going to Hit the System Will Be AT LEAST 5x Worse Than 2008!
Dave Kranzler

Something really bad is going to hit our system.

Think about the manipulation of the metals market that occurred just before the Lehman, AIG/Goldman collapses. They took silver from $21 in March that year to $7 by late October.

Now think about how much more brutal this manipulation is both in the context both of the intensity and the disappearance of physical metal from the system. Read More

09.14.15- Why Commodities And Precious Metals Are True Contrarian Opportunities
Taki Tsaklanos

Investors tend to make ‘contrarian’ investing choices too early in the cycle.

Basically, the price of an asset can be trending higher, lower or sideways. When an asset is declining in price, it remains in a downtrend until proven otherwise. The chance of a trend change is much smaller than the trend continuing. In other words, being ‘contrarian’ is difficult, and the pitfall is that an investor may be too early with his contrarian call. Read More

09.12.15- Brace Yourself!
Puru Saxena

Last month, the multi-month trading range on Wall Street ended with an abrupt break to the downside and once key support levels were violated, we witnessed an epic swoon!  Thereafter, due to direct stock buying by the Chinese policymakers, the stock markets stabilised somewhat and we got a sharp relief rally.

As things stand today, we have already had the initial plunge from the multi-month distribution pattern and after the bounce; the S&P500 Index is now trading just beneath an area of overhead resistance (Figure 1).  Going forwards, we are of the view that the bellwether index will struggle to get past the two zones of overhead resistance depicted on the chart. Even if it does surpass those levels, the now declining 200-day moving average (red line on chart) should keep the festivities in check. Read More

09.11.15- Oblivious to Risk –
Investors in LaLa-Land

Pater Tenebrarum

Complacency Still Reigns

Given current market volatility and the increasing amount of evidence showing that the global central bank money printing orgy of recent years has utterly failed to produce a so-called "self-sustaining" recovery, it is quite odd how nonchalant investors remain about the outlook for "risk assets" such as stocks.

In this context, we wanted to show our readers a chart a friend has recently sent us. This chart depicts the MSCI Global Index and contrasts it with a "macro confidence" indicator ("global risk sentiment"). This indicator does not take sentiment surveys into account – instead it is purely based on a variety of market prices and positioning data that are held to reflect investor sentiment. Not surprisingly, this indicator often has contrarian implications. Read More

09.10.15- My own terrible experience with simultaneous deflation AND inflation
Simon Black

Yesterday was a pretty big day.

First (and perhaps most importantly) my post-Italy no carb detox came to an end. Hooray for that.

Second, I signed the papers and closed on a new apartment here in Santiago.

It's a great time to be buying in Chile for anyone spending US dollars. The peso is weak, as is the economy. So asset prices are very cheap. Read More

09.09.15- Everybody Panic… China's Oil Demand Is Crashing!!!
Jody Chudley

Last week, oil plunged again, and this time WTI pricing even broke below $40 per barrel.

The main reason behind the crash this time? As everybody who watches the financial networks knows, China is falling apart, and so is its oil demand.

But there is just one thing… The data actually shows that China's oil demand is holding up just fine. Read More

09.08.15- Stock market confessions, chaos, complexity and the illusion of control
Kurt Cobb
Cartoon: "Wall Street bubbles - Always the same." Puck (magazine) 1901. American financier J. P. Morgan is depicted as a bull, blowing soap bubbles for eager investors.

In the old days of the Chinese Cultural Revolution those who said or did something perceived by the Chinese authorities to be counter-revolutionary were forced into public confessions--and then humiliated, imprisoned or even put to death.

It seems that old ways die hard. Last week the new China--the one that had thrown off the yoke of the Cultural Revolution--televised forced confessions by people who dared to say that the Chinese stock market may not be a great place to put your money these days. Read More

09.07.15- Holiday Replay! Narco-Dollars for Dummies "How the Money Works" in the Illicit Drug Trade
Catherine Austin Fitts

Catherine Austin Fitts is a former managing director and member of the board of directors of Dillon Read & Co, Inc, a former Assistant Secretary of Housing-Federal Housing Commissioner in the first Bush Administration, and the former President of The Hamilton Securities Group, Inc. She is the President of Solari, Inc, an investment advisory firm. Solari provides risk management services to investors through Sanders Research Associates in London.

"The Latin American drug cartels have stretched their tentacles much deeper into our lives than most people believe. It's possible they are calling the shots at all levels of government." - William Colby, former CIA Director, 1995
Read More

09.05.15- The 3 Best Ways to Short the Market
Jason Simpkins

We live in uncertain times. After six-plus years, the bull market is limping along, set to collapse under its own weight.

But before it does, you'd be wise to take some precautions — set yourself up to profit, even.

One way to do that is through the time-honored practice of shorting.

And that's exactly what I'm going to show you how to do.

Before we get to that, though, I want to talk about something else: risk. Read More

09.04.15- A Death Candle for the S&P 500
Craig Hemke

Past performance is not always a reliable indicator of future results. In this case, however, it very well may be. Therefore if you have stock market exposure, either through mutual funds or your 401(k), you definitely want to make note of this long-term chart.

Click to enlarge to chart below and take a good look. When you’re finished, keep reading and we’ll explain what you see:

Below is a 25-year, monthly chart of the S&P 500. Note that the general trend is positive but it is marked by two, significant bear market corrections. Read More

09.03.15- The Next Financial Crisis May Already Be Unfolding
Stefan Gleason

Is an epic financial meltdown about to commence? Predictions that a crash will occur in the fall of 2015 have been gaining traction. They are bolstered by some of the market events of this summer, which suggest that something big is indeed unfolding.

In August, the Chinese devalued the yuan, setting off volatility in currency, commodity, and equity markets worldwide. The U.S. stock market suffered its worst slide in four years, with the Dow Jones Industrial Average falling through major support levels. Crude oil prices careened below $40 per barrel. Read More

09.02.15- September 2015 Sure Started Off With Quite A Bang, Eh?
Michael Snyder

After enduring their worst August in 17 years, U.S. stocks are off to their worst start to a September in 13 years.  Just yesterday, I declared that we would be entering the “danger zone” this month, and it didn’t take long for the action to begin.  Historically, this month is the worst month of the year for stocks, and most of the biggest stock market crashes throughout our history have come in the fall.  On Tuesday, the Dow plunged another 469 points, and it is now down more than 10 percent from the peak of the market back in May.  That means that we have officially entered “correction” territory.  Asian stocks also crashed hard on Tuesday, so did European stocks, and the price of oil plummeted about 8 percent.  For a long time, there have been a lot of people out there that have been warning that a financial crisis would happen in the second half of 2015, and they are being proven right.  It is actually happening. Read More

09.01.15- Donald Trump Versus Bernie Sanders?? The Political Bubble Is Bursting
John Rubino

Now it’s not just Europe where formerly-fringe candidates are suddenly vying for power. The US presidential primaries, which were supposed to be coronations for the latest Bush/Clinton snoozfest, have turned interesting and in some cases surreal, as Donald Trump, who a few short months ago was viewed as a kind of circus clown by most Republicans, and Bernie Sanders, an honest, straight-shooting avowed socialist, are drawing the biggest crowds and creating the most excitement. Read More

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