Quantcast

11.15.19- Consumers Are Keeping The US Out Of Recession? Don't Count On It.
Lance Roberts

Just recently, Jeffry Bartash published an interesting article for MarketWatch.

“Like a stiff tent pole, consumers are keeping the U.S. economy propped up. And it looks like they’ll have to do so for at least the next year.

Strong consumer spending has given the economy a backbone to withstand spine-tingling political fights at home and abroad. Households boosted spending by 4.6% in the spring, and nearly 3% in the summer, to offset back-to-back drops in business investment and whispered talk of recession.” Read More

11.15.19- Consumers Are Keeping The US Out Of Recession? Don't Count On It.
Lance Roberts

Just recently, Jeffry Bartash published an interesting article for MarketWatch.

“Like a stiff tent pole, consumers are keeping the U.S. economy propped up. And it looks like they’ll have to do so for at least the next year.

Strong consumer spending has given the economy a backbone to withstand spine-tingling political fights at home and abroad. Households boosted spending by 4.6% in the spring, and nearly 3% in the summer, to offset back-to-back drops in business investment and whispered talk of recession.” Read More

11.14.19- The U.S. National Debt Just Hit The 23 Trillion Dollar Mark As We Continue To Steamroll Toward Financial Oblivion
Michael Snyder

This week, the U.S. national debt reached the 23 trillion dollar mark for the first time ever.  There was no fanfare, there were no politicians giving speeches about fiscal responsibility, and there has been very little national outrage.  We have simply come to accept that it is “normal” for our national debt to grow at an exponential rate, but the truth is that we are literally committing national suicide.  Given enough time, there is no doubt that this colossal mountain of debt will kill our Republic, and yet fiscal responsibility is not even a major national issue any longer.  Everyone seems to be okay with the fact that we are stealing more than 100 million dollars every single hour of every single day from future generations of Americans and destroying the bright future that they were supposed to have. Read More

11.13.19- A Trade War Win Won’t Boost the U.S. Economy Enough
Bill Bonner

DUBLIN, IRELAND – The big news leading up to today was that the president was going to make an important announcement. 

Bloomberg reported yesterday:

There’s still plenty of time for equities to recover and gain for a sixth consecutive week, which would match their longest winning streak since they advanced for 10 consecutive weeks over the course of late 2017 and early 2018. But doing so may hinge on a critical event Tuesday. Read More

11.11.19- Fake Patriotism, Fake Economy & Fake Markets… Met With Optimism Again This Week?
Paul “Half Dollar” Eberhart

SD Outlook: The show goes on in Deep State Globalist controlled America, and this week is a particularly interesting episode…

Happy Veterans Day to all the Vets out there!

Veterans Day has turned into one interesting case study into the weird inconsistency that is the United States. Read More

11.09.19- Greed Driving Broader Markets Today,
Fear To Spark Precious Metals Fireworks
In The Future

Steve St Angelo

With the Fed propping up the entire market and extreme greed driving the stock indexes to new highs, investors have lost interest in the precious metals, for the moment.  However, I am not surprised.  What is taking place in the overall markets is precisely what I forecasted back in September.

After gold and silver broke out of key resistance levels in the summer and then moved to new highs for 2019, a consolidation period would likely follow before the precious metals began the next leg up.  I mentioned this in my last Youtube precious metals update, Silver Price Update & End Of Mining Era, published on September 21st. Read More

11.08.19- The US economic collapse will look like this – are you ready for it?
Ralph Flores

The US has one of the strongest economies around the world, even as the rest of the world is showing signs of cooling and slowdown. In its latest World Economic Outlook, the International Monetary Fund said that the world’s largest economy remains a “bright spot” on the global stage.

Given America’s status of being the economic leader of the world – something it’s been holding onto since 1871 – it’s pretty farfetched to think that it’s bound for collapse. While it’s a scenario many people hope they’ll never live through, preppers should view economics as the “writings on the wall,” so they can act accordingly. Read More

11.07.19- The Economic Crash So Far: A Look At The Real Numbers
Brandon Smith

There are many problems when attempting to track a faltering economy. For one, the people in government generally do not want the public to know when the system is in decline because this looks bad for them. They prefer to rig statistical indicators as much as possible and hope that no one notices. When the crash occurs, they then claim that “no one saw it coming” and the disaster “came out of nowhere”, so how could they be to blame? Read More

11.06.19- Consistently Spending More Than a Nation Can Afford Causes Its Fall
Bill Bonner

“The means of defense against foreign danger have been always the instruments of tyranny at home.”

“If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy.”

– James Madison

PARIS, FRANCE – And now, we come to the end… and the beginning.

We end our series on the Persecution and (political) Assassination of Donald J. Trump, as performed by the morons, flimflammers, and bunglers of the Deep State. Read More

11.05.19- The Deutsche Bank Death Watch Has Taken A Very Interesting Turn
Michael Snyder

The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later.  Those that follow my work on a regular basis already know that this is a story that I have been following for years.  Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan.  Unfortunately for Deutsche Bank, it may already be too late.  And if Deutsche Bank goes down, it will be even more catastrophic for the global financial system than the collapse of Lehman Brothers was in 2008.  Germany is the glue that is holding the EU together, and so if the bank that is right at the heart of Germany’s financial system collapses, the dominoes will likely start falling very rapidly  Read More

11.04.19- Party On, Wall Street!
Rick Ackerman

What are we to make of Wall Street’s exuberance on Friday over news concerning a U.S. economic expansion that refuses to die? Employers are hiring, consumers are spending and business is humming despite a dramatic economic slowdown in Asia, Europe, South America and elsewhere. Perhaps America really is an economic island, one blessed with unstinting support from a central bank that has finally succeeded in taming the business cycle?  If you are too young to remember the last three or four recessions, you might believe that things are different this time.  Read More

11.02.19- The End Of Money
Chris Martenson

Prepare for the coming wealth transfer

Today we live in a bifurcated economy: it is boom times for some and bust times for others.

Your personal situation depends largely on how close you fall on the socioeconomic spectrum to the protected elite class, towards which the central banks are directing their money-printing firehoses.

Why should we care about this bifurcation? History. Read More

11.01.19- Caterpillar just flashed the latest warning sign for the global economy
 Yusuf Khan

Caterpillar just flashed the latest warning sign for the global economy. 

The construction and manufacturing equipment titan, viewed as a bellwether for global industry, revealed a 6% drop in sales and an 8% drop in profit per share in the third quarter. 

Caterpillar produces so much of the world's equipment that a decline in its business often indicates a broader slowdown in construction and factory activity. Weaker demand for its products typically means people are building and manufacturing less, which doesn't bode well for economic growth. Read More

10.31.19- What Will Stocks Do When “Consensual Hallucination” Ends?
Wolf Richter

The phenomenon works – until it doesn’t. What’s astonishing is how long it works.

This is the transcript from my podcast last SundayTHE WOLF STREET REPORT:

There is a phenomenon in stock markets, in bond markets, in housing markets, in cryptocurrency markets, and in other markets where people attempt to get rich. It’s when everyone is pulling in the same direction, energetically hyping everything, willfully swallowing any propaganda or outright falsehood, and not just nibbling on it, but swallowing it hook, line, and sinker, and strenuously avoiding exposure to any fundamental reality. For only one reason: to make more money. Read More

10.30.19- On Thin Ice: How America is going the way of the former USSR
David Brockett

The way we were

In order for a union of states (like the US) to remain viable, the cost levied in taxes by the central government must be seen as a fair price for services provided.   Restrictions imposed by the central government can’t go beyond the authority granted by the Constitution nor be so burdensome they negatively affect commerce or citizen’s rights of life liberty and the pursuit of happiness. That is the way our nation was designed—a weak central government with limited powers and strong independent states served by the central government. Read More

10.29.19- The Economic Crisis of 2008 Did Not End, It Has Been in Remission
Rob Bennett

There have been many articles appearing in recent months suggesting that the economy might go into a recession within the next year. Many have focused on whether the Federal Reserve should cut interest rates to stop this from happening. There also has been a lot of speculation as to the effect that an economic downturn will have on the 2020 Presidential elections. I have not seen anyone talk about how today’s high stock prices will likely cause an economic collapse. Read More

10.28.19- Being a Contrarian Is the Secret to Finding the Most Profitable Trades
Jeff Clark

Most folks believe in their bones that trading is risky. And if you don’t know what you’re doing, it is.

Novice traders often don’t take the time to learn the ropes. They jump right in thinking, “I got this.”

They gamble, blow up their accounts, then walk away penniless and swearing off trading forever.

I know… because it almost happened to me.

Expensive Lesson

I was 19 when I made my first trade. Read More

10.26.19- Very Special Interview
With G. Edward Griffin!

JSMineset

View Video

10.25.19- Fund Manager: The Fuses On The Financial Bombs Have Been Lit
Dave Kranzler

“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.” Helicopter Ben Bernanke’s address to the National Economic Club, 2002

It took the Fed more than 4 1/2 years to remove from the banking system just $750 billion of the $4.5 trillion in money it printed. The Fed stopped the removal process (“Quantitative Tightening”) at the beginning of September. But just 13 days later the Fed began adding liquidity back into the banking system via its repo operations. Read More

10.24.19- Most Americans Do Not Believe That This Chapter Of American History Is Going To End Well
Michael Snyder

This is a very difficult article for me to write.  America is more divided today than it has ever been in my entire lifetime, and the very deep divisions that now exist are getting deeper with each passing day.  In particular, the animosity between the political left and the political right has risen to an extremely frightening level.  Instead of learning to love those that we disagree with, we are constantly being trained to absolutely loathe them, and the pot is constantly being stirred by the mainstream media and many of our national leaders.  And as both sides go at it like cats and dogs, irreparable damage is being done to our political system. Read More

10.23.19- “It’s the Economy, Stupid!”
Jim Rickards

The trade war is taking a heavy toll on China. Chinese growth slowed to 6% in the third quarter, slower than expected and the slowest growth rate since 1992.

That 6% growth represents a sharp drop from the 6.8% growth China registered in the first quarter of 2018. China’s growth still exceeds developed economies by far, but it is notably weak relative to China’s past performance and relative to expectations. Read More

10.22.19- Cash-Flow Zombie Netflix Extracts Another $2 Billion from Befuddled Investors.
Here’s How it Tricks Up its Earnings

Wolf Richter

Having burned cash for 22 years and counting

“Don’t get me wrong: there is still lots of money out there chasing these companies,” I said in my podcast on Sunday, naming Netflix as one of the perennially cash-flow negative companies – the “cash-burn machines” – that have to borrow huge amounts of money every year to make ends meet, and that still find eager investors to lend them this money. I said this, not knowing what Monday would bring. And sure enough, Monday brought an announcement by Netflix that it would borrow another $2 billion via another bond sale – its second this year, after having already borrowed $2.2 billion in April. Read More

10.21.19- There Are a Couple of Things
Not Coming Together Here

Wolf Richter

I Get it: Stock-Market Shorts Sit on Sideline, Fearing Rally. Investors Deleverage, Fearing Sell-Off. VIX Falls Asleep, Fearing Nothing.

Of the total shares outstanding of the SPDR S&P 500 ETF, only 2.6% were out on loan to short sellers this week, the lowest since early October 2018, and down from 7% during the summer, according to IHS Markit data cited by Bloomberg. Read More

10.19.19- And Now, for Something Entirely Different: Now even Sex Robots have rights
Simon Black

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances and your prosperity.

Singapore officially bans ‘fake’ news

Singapore is great for a lot of things– banking, business, trade, etc. But it ranks rather poorly for civil liberties.

Case in point: a new law intended to stop fake news came into effect in Singapore this month; the law will force social media platforms to remove any content that’s deemed contrary to the gov’s opinion. Read More

10.18.19- The Fed Is Back to Robbing the Middle Class to Reward the Rich
Bill Bonner

YOUGHAL, IRELAND – Today, we gasp in horror. We hold our breath in disbelief. And we rub our hands in greedy expectation.

The feds are doing something so stupid, it will bash the economy… and maybe even wreck the government, too. But they are doing it with such lunatic confidence, we think we can take it to the bank.

Taking shape here is not just another gloomy view of the world ahead, but a cheerful anticipation of the money that can be made (or at least not lost) by betting against it. Read More

10.17.19- Monetary Inflation and the Next Crisis
Steven Saville

We regularly look at what’s happening with monetary inflation around the world, but today we’ll focus exclusively on the US monetary inflation rate. This is because of the recent evidence that the unusually-low level of this long-term monetary indicator is starting to have a significant short-term effect.

The following chart shows that the year-over-year rate of change in US True Money Supply (TMS), a.k.a. the US monetary inflation rate, made a new 12-year low in August-2019. Furthermore, the latest TMS growth figure for the US is very close to the 20-year low registered in September-2006. Read More

10.16.19- Stocks Bubble Up From More Money Printing
Dave Kranzler

The stock market spiked up last week as Trump started in with his trade war optimism tweets, which excited the algos and momentum chasers. As Monday rolled around, however,  it was determined that a “Phase 1” trade agreement amounted to nothing more than a commitment from China to buy some farm products. On Tuesday China made the purchases contingent on Trump removing tariffs. So there is no “Phase 1” trade deal.

But the hedge fund computers don’t care.  Now the market is bubbling higher on the reimplementation of Federal Reserve money printing. Call it whatever your want – QE, balance sheet growth, term repos, whatever. But the bottom line is that Fed is printing money and injecting it into the banking system, which thereby acts as a transmission mechanism channeling some portion of this liquidity into the stock market. Read More

10.15.19- Here Comes The Deluge Of Meaningless “Good News”
John Rubino

Today’s relief rally is brought to you by chastened US and Chinese trade negotiators who are now working on a “mini” trade deal that will apparently include a reduction in US tariffs in return for some minor Chinese concessions on things like mandatory joint venture partners for foreign companies wanting to set up shop in China. In other words, it’s a face-saving exercise. Yet stocks are soaring as investors focus on the above while ignoring the potentially much bigger deal of last night’s missile attack on an Iranian oil tanker

But wait, there’s more. The Fed just promised to start buying Treasury bills at the rate of $60 billion a month and will keep it up through mid-2020. Just don’t call it QE though in every mathematical way it is exactly QE. Read More

10.14.19- Did Everything Just Change?
Adam Taggart

How material are this week's QE & China deal announcements?It’s hard to imagine a more euphoric end to the week for bulls.

Two weeks ago I issued a report titled Realistically, What’s Left To Power Asset Prices Higher? which claimed the bulls’ only hope was for a near-term resumption of QE (quantitative easing, aka “money printing”) or a China trade deal.

Well, this week they got both. Read More

10.12.19- The Repo Market Incident May Be
The Tip Of The Iceberg

Daniel Lacalle

The Federal Reserve has injected $278 billion into the securities repurchase market for the first time. Numerous justifications have been provided to explain why this has happened and, more importantly, why it lasted for various days. The first explanation was quite simplistic: an unexpected tax payment. This made no sense. If there is ample liquidity and investors are happy to take financing positions at negative rates all over the world, the abrupt rise in repo rates would simply vanish in a few hours. Read More

10.11.19- Monetary failure is becoming inevitable
Alasdair Macleod

This article posits that there is an unpleasant conjunction of events beginning to undermine government finances in advanced nations. They combine the arrival of a long-term trend of rising welfare commitments with an increasing certainty of a global-scale credit crisis, in turn the outcome of a combination of the peak of the credit cycle and increasing trade protectionism. We see the latter already undermining the global economy, catching both governments and investors unexpectedly.  Read More

10.10.19- Geopolitical Signals Of
Global Economic Crisis Abound

Brandon Smith

As I write this, news feeds are buzzing with questions and confusion over the October US/China trade talks. In September there was a massive propaganda campaign within the mainstream media to push the notion that a deal with China was imminent, which boosted markets otherwise on the verge of a plunge due to a hailstorm of bad financial news. This media campaign also indicated to me that there would be no deal in October – best case, there will be an announcement of “progress” and a temporary pause in tariffs, which will fall apart once again in a month's time. Worst case scenario, the talks will falter before they ever really begin. Either way, the trade war will continue well into next year. Read More

10.09.19- U.S. Dollar Losing Its Grip as Global Reserve Currency
Birch Gold Group

The U.S. dollar, the longstanding global reserve currency, has been struggling to regain the dominance it once had in the 1970s. At that time, it maintained more than 80% of the reserves.

After taking a huge hit in the 1980s and bottoming out at 46% of official reserves in 1991, it slowly clawed back some dominance.

But since the Euro arrived in the early 21st century, the dollar appears to be losing its grip again. Except this time, it may not regain its lost control of the currency market. Read More

10.08.19- America’s Financial Suicide: The Budget Deficit Rises 26% In 1 Year As Federal Spending Spirals Wildly Out Of Control
Michael Snyder

We are in the process of committing national financial suicide, and most Americans don’t seem to care.  As  you will see below, the federal budget deficit for the fiscal year that ended on September 30th was the largest in 7 years.  In fact, it was actually 26 percent larger than last year.  Federal spending is wildly out of control, and “non-discretionary spending” is projected to go through the roof in the years ahead.  Under our current system, it is literally going to be impossible to turn things around.  As the Baby Boomers continue to retire, the amount of resources demanded by Social Security, Medicare and other entitlement programs is going to continue to escalate dramatically.  Read More

10.07.19- And Now, for Something Entirely Different: Bannon and the Deep State
Al Benson Jr. 

Back in 2018 the informative New American magazine did two separate issues, one in January and another in August, dealing with the Deep State and its evil machinations. If you never read these, you need to. I have a few copies of both issues on hand which I would be glad to send out to concerned people for the cost of postage– probably about $3.00. I would send them out for nothing if I could afford to do that but, with my finances, it is not possible. 

In this vein, I noted an article on the Zero Hedge web site this morning, October 6th, which quoted former Trump advisor, Steve Bannon, as saying that the concept of “Deep State is a conspiracy theory for nutcases.” Read More

10.05.19- Orders of Heavy Trucks Collapse,
Layoffs Start

Wolf Richter

“Fleets are nervous. The latest manufacturing and construction numbers are concerning. The trade issue with China looms.”

Layoff decisions by heavy-truck manufacturers are trickling out. A couple of days ago, it was Daimler-owned Freightliner, which said in a statement to WBTV that it would “adjust its production output in line with lower market demand and release approximately 450 production workers [out of 2,878 employees] at its Cleveland manufacturing plant based in Cleveland, North Carolina, and approximately 450 workers [out of 1,714 employees] in Mt. Holly, North Carolina, effective October 14, 2019.” These layoffs represent 16% and 26% of the workforce at the respective plants.Read More

10.04.19- Liquidity Crisis & the Pending
European Banking Crisis

Martin Armstrong

A lot of people have been writing in about the liquidity crisis and the banks with exposure to Deutsche Bank. This is clearly the European Banking Crisis we have been warning about. Most European (and Swiss) banks are having to overpay 30-40bps over libor. Even A+ rated banks are having to pay this premium.

Keep in mind that the Lehman and Bear crisis took place in the REPO market. This is why the crisis is appearing in a market most never hear about or see in interest rates. Those in Europe who have a position in cash, it may be better to have shares or a private sector bond or US Treasury. Given the policy in Europe of no bailouts, leaving cash sitting in your account could expose you to risk in the months ahead. Read More

10.03.19- Auto Loans Stretch To Eight Years To Accommodate Irresponsible Car Buyers
Tyler Durden

About a third of all US auto loans issued today are stretching out to seven years, according to the Wall Street Journal. By comparison, a decade ago, the seven-year loan only made up about 10% of all loans.

Why? Because that's the only type of loan increasingly more Americans can afford to amortize. Read More

10.02.19- A U.S. Economic Slowdown Has Been Confirmed, And We Are Being Warned That “More Damage” Is Ahead
Michael Snyder

We just witnessed the worst month for U.S. manufacturers in more than 10 years, and nobody seems optimistic that things are going to get much better any time soon.  In fact, one expert is warning that “more damage” is coming if the trade war is not resolved, and unfortunately it does not appear that a resolution will be possible for the foreseeable future.  As I have been detailing for months, the entire global economy has been steadily slowing down, but some shocking new numbers that we just got indicate that our economic problems are really starting to accelerate.  So hold on to your hats, because it looks like things are about to get really crazy.  According to CNBC, September was the worst month for U.S. factories in more than a decadeRead More

10.01.19- When Karma Crushes Dogma The Stock Market Crashes
Charles Hugh Smith

When dogmas lose their grip on believers, they collapse in spectacular fashion…

When dogmas lose their grip on believers, they collapse in spectacular fashion.

Karma covers a lot of ground, but it boils down to consequences: consequences not just from your actions but from your convictions, schemes, obsessions, and yes, dogmas. Read More

09.30.19- So Much For Goldilocks
John Rubino

Stock prices are high and fairly stable, while interest rates are low and fairly stable. A casual observer might infer from this that the global financial markets are experiencing one of those fabled Goldilocks moments where everything is just right.

But under the surface things are anything but just right. Among the high (or low)-lights: Read More

09.28.19- Realistically, What’s Left To Power Asset Prices Higher?
Adam Taggart

The case to short the markets continues to build

Here we are again. The markets are within a few percentage points of their all-time highs, but just can’t seem to muster the momentum to break out above them.

We saw similar conditions back in March/April and then again in July. Both times, the S&P dropped sharply after failing to stay above 3,000. Read More

09.27.19- Gold and Silver, The Anti-System Money
Tom Chatham

When the next round of money printing and interest rate reductions happen, those that are tied to the bankers economic system will begin their fall into a black hole they will never come out of. As long as you are tied to their system you are at their mercy and have no way to protect your wealth. They know this and use this power to steal your wealth from you in a variety of ways. 

The only way to fight this system is to operate outside of it and utilize your own system. When you control how you store your wealth, you deprive them of their ability to steal it. They can only take that which is under their control. Read More

09.26.19- If Donald Trump Is Impeached, You Should Expect The Mother Of All Stock Market Crashes To Happen
Michael Snyder

News that an impeachment inquiry is being initiated instantly sent stock prices tumbling on Tuesday, but that small jolt is nothing compared to what we will experience if Donald Trump is actually impeached.  Over the past couple of years we have seen a tremendous boom in stock prices, and one of the big reasons for that boom is the fact that the folks on Wall Street know that Trump is always going to be looking out for their best interests.  Trump understands that his chances of winning again in 2020 will be greatly enhanced if stock prices are rising and most Americans believe that we have a “booming economy”, and so he wants to do everything in his power to try to make those things happen. Read More

09.25.19- And Now, for Something Entirelt Different: The Odor of Desperation
James Howard Kunstler

The swamp abides. The latest news media dumpster fire over President Trump’s phone conversation with Ukrainian president Volodymyr Zelensky is a three-way ruse. Ruse 1: deflect attention from the main issue, which is Joe Biden’s trolling for payoffs on his missions to foreign lands as vice-president, first Ukraine, where son Hunter was gifted a board of director’s chair and $50K-a-month salary with Ukrainian gas company Burisma, and then a $1.5 billion “private equity investment” to Hunter Biden’s wealth management fund from the state-owned Bank of China. Ruse 2: to deflect attention from the damage soon to be inflicted on the Deep State by the forthcoming DOJ Inspector General’s report on FISA court abuses. Ruse 3. To set in motion yet another obstruction of justice trap for Mr. Trump on the basis of false charges. Read More

09.24.19- CLOSE TO BREAK-DOWN: Pay Attention To The Nasdaq And The Technology Sector
Chris Vermeulen

We continue to alert our followers of the extended Wedge (Flag or Pennant) formation that has setup over the past 16+ months in most of the US major indexes.  The reason these are so important for skilled technical traders is because the Apex of these formations typically result in a violent price move  that may result in a dramatic profit opportunity (or massive risk event).  The most interesting facet of the current Wedge formation is that it is happening just 12 months before the US Presidential Election cycle. Read More

09.23.19- Oh Captain, My Captain, the Warship “Boogle of Weasels” Has Hoisted the False Flag
Bob Moriarty

Since the “attack” on the Saudi oil facilities some important details have been filled in, much like a paint-by-number oil. Certainly we have sufficient information to make reasonable guesses as to what really took place just over a week ago on the 14th of September.

    1. We are told an attack by drones/cruise missiles took out half of Saudi Arabia’s oil production.

    2. The fires from the attack were put out within a few hours.

    3. Not a single person died in the attack. Read More

09.21.19- Goldman Sachs Has Just Issued An Ominous Warning About Stock Market Chaos
In October

Michael Snyder

Are we about to see U.S. financial markets go crazy?  That is what Goldman Sachs seems to think, and it certainly wouldn’t be the first time that great financial chaos has been unleashed during the month of October.  When the stock market crashed in October 1929, it started the worst economic depression that we have ever witnessed.  In October 1987, the largest single day percentage decline in U.S. stock market history rocked the entire planet.  And the nightmarish events of October 2008 set the stage for a “Great Recession” that we still haven’t fully recovered from.  So could it be possible that something similar may happen in October 2019?  According to CNBC, Goldman Sachs is warning that the stock market could soon “go crazy again”… Read More

09.20.19- The Panic in Interest Rates
is Just Getting Started

Martin Armstrong

QUESTION: Marty; You warned that there would begin a cash shortage and real rates would rise in the private sector starting in September after Labor Day. Ok, it’s about 15 days past that marker and Repo rates have gone completely nuts hitting 10% forcing the Fed to intervene. They were calling it Armstrong’s revenge here in the dealing room. It certainly appears the Fed has lost control of short-term rates as you warned. Is this the start of the chaos you have warned about? Read More

09.19.19- A Huge Crack Just Appeared in the Financial Markets Overnight
Mac Slavo

A large crack has appeared in the financial markets overnight in a segment of the market that the public rarely, if ever, notices.  This crack, however, is crucial to the functioning of the global financial system.

Borrowing rates skyrocketed on Tuesday forcing the New York Federal Reserve to come to the rescue with a special operation aimed at easing stress in financial markets. According to CNN, this was the NY Fed’s first such rescue operation in a decade, the last occurring in late 2008. “It’s unprecedented, at least in the post-crisis era,” said Mark Cabana, rates strategist at Bank of America Merrill Lynch. Read More

09.18.19- The most profitable business in the world
Simon Black

More than 5,000 years ago on a hilltop located in modern-day Georgia (the country, not the state), a group of people from the prehistoric Kura-Araxes civilization gathered their primitive tools and began to dig.

It took years. But they eventually burrowed 20 meters deep into the earth and constructed a network of elaborate tunnels.

Thousands of years later, archaeologists and geologists figured out why: the Kura-Araxes were digging for gold. Read More

09.17.19- Preparing for a World Run Amok
John Rubino

View Video

09.16.19- All Major Economies Are Caught in an Inflate-or-Die Trap
Bill Bonner

YOUGHAL, IRELAND – We’re exploring the old adage: What goes around comes around. And what we see coming around almost everywhere is inflation.

We make haste to explain that we’re not talking about common consumer price inflation, but about inflation of the money supply, which could show up almost anywhere.

More Fake Money

In the interest of conserving the reader’s time, here is our hypothesis: All major economies are caught in an “Inflate-or-Die” trap… and what went around Zimbabwe, Argentina, and Venezuela will be coming soon to an economy near you. Read More

09.14.19- The Coming Financial Panic
and the 2020 Election

David Stockman

Doug Casey’s Note: David Stockman is a former congressman and director of the Office of Management and Budget under Ronald Reagan.

Now, anyone with connections to the government should elevate your suspicion level. But as you’ll see, David is a genuine opponent of government stupidity. Although his heroic fight against the Deep State during the Reagan Administration was doomed, he remains a strong advocate for free markets and a vastly smaller government. Read More

09.13.18- The Inevitable Bursting of
Our Bubble Economy

Charles Hugh Smith

All of America’s bubbles will pop, and sooner rather than later.

Financial bubbles manifest three dynamics: the one we’re most familiar with is human greed, the desire to exploit a windfall and catch a work-free ride to riches.

The second dynamic gets much less attention: financial manias arise when there is no other more productive, profitable use for capital, and these periods occur when there is an abundance of credit available to inflate the bubbles.  Read More

09.12.19- The Bill of Rights Turns 230, and What Do We Have to Show for It? Nothing Good
John W. Whitehead

“That was when they suspended the Constitution. They said it would be temporary. There wasn't even any rioting in the streets. People stayed home at night, watching television, looking for some direction. There wasn't even an enemy you could put your finger on.”—Margaret Atwood, The Handmaid's Tale

It’s been 230 years since James Madison drafted the Bill of Rights—the first ten amendments to the Constitution—as a means of protecting the people against government tyranny.  Read More

09.11.19- Moody's cuts Ford credit rating
to 'junk' status

Ian Thibodeau

Moody's Investors Service downgraded Ford Motor Co.'s credit rating to "junk" status Monday, a move that could make it more expensive for the automaker to borrow as it undertakes a sweeping global restructuring amid slowing global sales and a rapidly changing industry.

The ratings agency believes the automaker's years-long restructuring under CEO Jim Hackett will be too costly to generate much return for shareholders. Monday's downgrade to Ba1 — the highest non-investment grade rating — comes as Ford and Hackett have said repeatedly over the last year that 2019 would deliver the results promised, including improved profit margins around the world.  Read More

09.10.19- Why Americans should worry about the national debt
Donald Lambro

The federal government is plunging deeply into record-breaking debt, undermining the very foundations of our country and its economic health.

President Trump rarely, if ever, talks about it, and you hardly ever hear about it on the nightly news, even though economic analysts are warning that it threatens to end programs and benefits upon which millions of Americans depend.

For many decades the growth of the federal deficit was measured in tens of billions of dollars, and then hundreds of billions, as government spending and debt spun wildly out of control.  Read More

09.09.19- Fake MAGA, Fake Markets
David Stockman

We don’t put a lot of stock in the CNN/MSM running meme that the Donald is a fount of endless lies.

Most of what they call “lies” are debatable facts and factoids about propositions they don’t like – such as the truth that the Russia Collusion/Meddling story has not only been bogus from day one, but was actually an attempt by the Dems and their Deep State apparatchiks to unconstitutionally reverse the outcome of a presidential election.

But there can be no doubt that the Donald let loose a Whopper on Monday morning when he saw the futures market deep in the red, thereby continuing the 800-point carnage from his Friday exercise in Trade War lunacy. Read More

09.07.19- The Current Situation is much more dangerous than during the Dotcom Bubble
Fred Hickey

Wall Street darlings like Apple, Google and Amazon have dominated this bull market. But today, the so-called FAANG stocks have lost some of their attraction and are lagging the overall market since last year.

Without participation from the FAANGs it will be difficult for the stock market to rip to new highs», says Fred Hickey. According to the renowned contrarian investor, each of the tech behemoths is struggling with its own fundamental problems, with Apple being the weakest of the group. Read More

09.06.19- Suffering the Profanity of
Plentiful Cheap Money

MN Gordon

What if the savings in your bank account lost 55 percent of its value over the last 12 months?  Would you be somewhat peeved?  Would you transfer some of your savings to another currency?

That was the favored approach in Argentina – where the official inflation rate’s 55 percent.  But no more.  On September 2, President Mauricio Macri resorted to capital controls to preserve the central bank’s foreign exchange reserves and prop up the peso.  What gives? Read More

09.05.19- The Ugly Truth About The Trade War
Brandon Smith

This past week was an interesting exercise in false expectations and assumptions. Once again, trade war theatrics were used to stall a stock market plunge as insinuations of a possible “deal” were made by Donald Trump, followed by China's claim that maybe, just maybe, they would not immediately issue a new round of tariffs right now, but possibly tomorrow, or in a month...

Then, all hell broke loose again when only a few days later both sides jumped into a new round of tariffs leaving markets confused and algo trading computers bewildered, so much so that sometimes they even buy on bad news thinking it's good news. Read More

Hurricanes Are Coming!
Gary Christenson

Hurricane Dorian is traveling (September 1) toward the United States. The destruction could be impressive.

Hurricane Federal Reserve has devalued the dollar for over a century. The destruction has been large. A few benefited, many lost wealth, purchasing power, pensions, jobs, and homes.

Hurricane National Debt has reached Cat 5 status, over $22 trillion in unpayable debt that weakens the U.S. economy, strains the government budget with half a trillion in annual interest payments, and sucks capital away from more beneficial uses. This debt hurricane should reach Cat 6 soon. Read More

09.03.19- Yodel For Me, You Sap
Tim Knight

Let’s say you went up to a grown person and told them that, if they would try to yodel for you for 15 seconds, you would give them twenty dollars. They might hesitate at first, but most people would, within a pretty short amount of time, figure that was a fair trade and try to warble out a few yodel-a-ee-hoos for you.

You say “thanks” and walk away without paying them. They would probably leer at you and mutter an obscenity under their breath. Read More

09.02.19- Labor in America Does Not Pay
Sartre

Working used to be a proud expression of manhood. Since the days of “Rosie the Riveter”, mothers and daughters joined the work force in mass. Building infrastructure, developing commercial enterprises and producing an endless assembly line of goods led to the greatest expansion of the middle class in American history. In a mere fifty years of planned and coordinated downsizing and out sourcing, the only outcome from honest work is the sweat from your brow. Folks still expend energy and labor at tasks, but few earn a living wage from engaging in industry or commerce. Read More

08.31.19- The Key to a Sustainable Economy Is 5,000 Years Old
Ellen Brown

We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt are all higher than they have ever been. As economist Michael Hudson writes in his provocative 2018 book, “…and forgive them their debts,” debts that can’t be paid won’t be paid. The question, he says, is how they won’t be paid. Read More

08.30.19- King Dollar Paradox: Global Reserve
Jim Willie CB

An intriguing paradox is evident, whereby the USDollar continues to rise despite the global economic recession. In fact, it can be argued that the USDollar is rising in the past several months, because of the global recession. On a worldwide basis, the economy is struggling badly, especially in the West. Worse still, without a doubt, the rising USDollar is destroying the individual economies of smaller nations, one by one. The King Dollar is truly an economic machete. Numerous factors are at work. All contribute toward the continued rise of the USDollar until the systemic breakdown hits both the economy and the financial system. Read More

08.29.19- “Free” Money Destroys
the U.S. Financial System

Bill Bonner

Today, we are packing up, closing the shutters, putting away the lawn chairs and the croquet set.

Everything needs to be stored away; otherwise, rain, wind, and sun will do their damage. The wood cracks; the metal rusts; the curtains fade…

It is nature’s way. And no matter what we do, nothing resists time. Read More

08.28.19- Trump Needs the Trade War to Maintain the Illusion of a Strong Economy
Bill Bonner

POITOU, FRANCE – The Dow fell hard on Friday.

The proximate source of unease in the markets is the fear that Donald Trump has gone Full Retard.

Yes, Dear Reader, we may be wrong about our president, after all.

What if… instead of being the cynical, canny, conniving, calculating, self-promoting genius we took him for, Donald Trump turns out to be an earnest, world-improving imbecile? Read More

08.27.19- We Are Being Warned That The Last Week Of August “Could Be Highly Volatile” For Global Financial Markets
Michael Snyder

Are things about to break loose in a major way?  At the end of last week, the trade war between the United States and China escalated dramatically, and investors all over the globe really started freaking out.  Unfortunately, developments over the weekend have only made things worse, and that means that this could be a very “interesting” week for global financial markets.  As I write this article, stock prices around the world are plunging, the price of gold is spiking and the Chinese yuan is crashing.  There is clearly a lot of fear out there right now, and at this point even CNBC is warning that the last week of this month “could be highly volatile”… Read More

08.26.19- What Globalism Did Was To Transfer The US Economy To China
Paul Craig Roberts

The main problem with the US economy is that globalism has been deconstructing it. The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, consumer purchasing power, and tax base of state and local governments. Corporations have increased short-term profits at the expense of these long-term costs. In effect, the US economy is being moved out of the First World into the Third World. Read More

08.24.19- Mad World - Currencies to Zero,
Bonds to Minus Zero

Egon von Greyerz

How far down the rabbit hole will the world go? It seems that just like in Alice in Wonderland, things are getting more strange by the day. If it continues at this speed, the rabbit hole will soon become a black hole without a bottom.

Bonds cost money to hold, currencies are soon worth nothing and gold will reach at least $7,000 before it reaches $700.

BONDS WITH NEGATIVE RATES WILL SOON TOTAL $50+ TRILLION  Read More

08.23.19- Dollar Tumbles On Speculation Trump To Announce FX Intervention "Shortly"
Tyler Durden

While Trump's latest Powell lashing on twitter was most notable for the dramatic criticism of the Fed chair, after Trump said "My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?", what was far more interesting in the Trump tweet and what got far less attention, was Trump's disclosure that the Fed is speaking "without knowing or asking what I am doing, which will be announced shortly.Read More

08.22.19- The Dollar’s Decline Will Fuel the Next Commodities Boom
David Foest

Chris’ note: Chris here, managing editor of the Dispatch. With gold on the move – up 18% over the past three months – I tracked down my good friend and go-to person when it comes to all things commodities, David Forest.

I wanted to get Dave’s thoughts on what the big picture looks like… and whether this rally can continue.

As you’ll see, not only is gold just starting to heat up… but the entire commodities sector is on the verge of a huge boom. Read More

08.21.19- When It Comes To The U.S. Economy, Everyone Wants To Pin The Credit Or The Blame On Donald Trump
Michael Snyder

No matter what happens with the U.S. economy, most of the credit or the blame is going to go to President Trump.  And now that the U.S. economy appears to be headed for big trouble, the mainstream media is salivating over what this could mean for Trump’s chances of winning in 2020.  Within the past few days, the New York Times, the Washington Post, CNN, MSNBC and Fox News have all run stories about Trump and the economy, and they are all perpetuating the false premise that presidents should be held accountable for how the economy performs. Read More

08.20.19- Asia’s future is now
Justin O. Smith

Asia is on track to top 50 percent of global GDP by 2040 and drive 40 percent of the world’s consumption, representing a real shift in the world’s center of gravity.

For years, Western observers and media have been talking about the rise of Asia in terms of its massive future potential. But the time has come for the rest of the world to update its thinking—because the future arrived even faster than expected. Read More

08.19.19- Why Common Knowledge
Changes The World

Adam Taggart

The private understanding that we're in trouble is suddenly becoming realized by the public

For those paying attention, there have been plenty of signs indicating that financial asset prices are dangerously overvalued and that the decade-long economic expansion is reversing towards recession.

But the mainstream - until just recently - has refused to see this. Read More

08.17.19- Weekend Rant: The State of
the American Debt Slaves, Q2 2019

Wolf Richter

The bifurcation among consumers.

Consumer credit – auto loans, student loans, and revolving credit such as credit card balances and personal loans, but not housing-related debt such as mortgages and HELOCs – grew 5.4%, or by $208 billion, in the second quarter compared to a year ago, to a new record of $4.06 trillion (not seasonally adjusted), according to the Federal Reserve this afternoon.

This 5.4% year-over-year gain was the strongest such gain in two years. The quarterly gain from Q1 to Q2 of $60 billion was the strongest such gain since Q2 2016. In other words, American consumers are not slackers. They are doing their collective job, propping up the US economy, and by extension the global economy, with money they don’t have: Read More

08.16.19- Reality Dawning
Sven Henrich

Yesterday’s announcement by the Trump administration to delay some of the new tariffs on China it just announced a few weeks ago was initially greeted with relief by equity markets across the globe. This proved to be mistake as reality is dawning and global stock markets are selling off hard just a day later on ever weakening economic data in Europe and Asia and further yield curve inversions. Read More

08.15.19- We Interrupt This Market Plunge To Bring You This Important Message…
Adam Taggart

Time's up. If you're going to take action, do it NOW

The major indices lost 3% pretty much across the board.

We’ve been tracking the drivers underlying the market meltdown here on the site pretty much hourly. And you can be sure we’ll do so as long as things remain fluid. But I want to deliver an important message, because time demands it. Read More

08.14.19- What the Looming US-China Currency War Means for the Economy
Daniel Lacalle

A few months ago many of us read about the theory of “the nuclear option,” according to which China could generate a huge debt crisis in the United States and destroy the US economy if it sold its treasury holdings.

As I mentioned at the time, China can become a greater economic leader, but the Chinese yuan cannot be a global reserve currency while maintaining capital controls and exchange rate fixing. Read More

08.13.19- The Next Lehman Moment
Martin W. Armstrong

I am overseas as a crisis is brewing which many might rename the “Lehman Moment” to something more up to date. Clearly, the stakes are far higher to the world economy than anyone may truly appreciate. We are cascading toward a perfect financial storm. However, this particular storm is exacerbated by the politics of Europe stemming from the structural design of the Euro.  There is a major risk to both the European and world economy. All the Quantitative Easing by Draghi at the European Central Bank (ECB) has completely failed and in the process created a  systemic risk to the entire world economy – not just the EU. This is why the Federal Reserve (Fed) has lowered interest rates when there was no true justification for the interest rate reduction domestically. Read More

08.12.19- Stock Market Crash Imminent?: “We May Well Be At The Most Dangerous Financial Moment Since The 2009 Financial Crisis”
Michael Snyder

Volatility has returned to Wall Street in a major way, and many investors are extremely nervous right now.  In recent days we have seen a dramatic escalationin our trade war with China, and there is a lot of chatter that another stock market crash could be imminent.  When the Dow Jones Industrial Average plummeted 767 points on Monday, that definitely freaked a lot of people out, but then the Dow bounced back 311 points on Tuesday.  Some are taking this as a sign that things are going to be okay, but we need to remember that during any stock market crisis we would expect to see both large up days and large down days.  Read More

08.10.19- Is Nissan About to Go Belly Up?
Eric Peters

Some very bad news today – for Nissan.

Profits are down 99 percent. Not a typo. A near-total wipeout – which triggered the wiping out of 12,500 jobs, the immediate suspension of manufacturing in Indonesia and Spain and an announcement that Japan’s second-largest car company will reduce its model lineup by at least 10 percent by 2022.

Nissan’s U.S. market share is down to 7.9 percent; it was 8.1 percent a year ago.

It is quite possible there won’t be a Nissan by 2022.

So, what’s gone awry? Read More

08.09.19- Revenge of the Millennials
Aaron Clarey

Perhaps it was Starbucks, or perhaps some obscure Minneapolis coffee store in the 90's, but I'm pretty sure the first instance of a company using politics as advertising was a coffee store.  I didn't understand it at first as I thought it was common sense you didn't introduce politics or religion into business because...well...it was bad for business.

Why alienate 1/2 of your potential customer base with politics?
Why alienate 4/5ths of your potential customer base with religion?
 Read More

08.08.19- Global macro trader who nailed the 2008 crisis says next 3 months mark ‘edge of the cliff’ for markets—and ‘we’re there right now’
Mark DeCambre

Financial markets are at a crucial inflection point and Wall Street investors should look no further than the U.S. dollar for the clearest sign of the increasing stress on the system that could ignite a financial crisis a la 2008, says Raoul Pal. 

The former GLG global macro hedge-fund co-manager, who was among the few investors that predicted and profited amid the 2008-09 mortgage meltdown, told MarketWatch in a Wednesday interview that the current set up has led him to a grim forecast for the economy and markets. Read More

08.07.19- Fourth Turning Ecoonomics, Part 2
Jim Quinn

In Part One of this article I laid out the unsustainable economic conditions which will drive the next phase of this Fourth Turnings and detailed the economic factors which drove the previous three American Fourth Turnings.

Strauss and Howe, when writing The Fourth Turning in 1997, did not know the exact circumstances and events which would propel the next Turning. But their study of economic and demographic trends along with the attitudes of generations and historical precedents in prior Fourth Turnings, led them to conclude the driving factors of this Crisis would be debt, global disorder and civic decay. Read More

08.06.19- Fourth Turning Ecoonomics
Jim Quinn

“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” Read More

08.05.19- An Opportunity in the Chaos
John Mauldin

One reason the economy is so fascinating is the way things just… happen. Growth blossoms if everyone just follows their own incentives and nothing gets in the way. The courage, vision and passion of entrepreneurs and those who risk their money backing them is one of the most inspiring aspects of modern civilization. Adam Smith’s Invisible Hand of now tens of millions of businesses, small and large and giant, working to produce and deliver inventions, technologies and cures that help us all.

Think about ants. They’re marvelous creatures. No individual ant knows how to build a colony, or is even aware it is doing so, but it happens because they’re supremely efficient at simple things. Go to that smell, pick up the object, follow that other ant, repeat. The end result is greater than their tiny brains can comprehend. Read More

08.03.19- And Now, for Something Entirely Different: Did U.S. Attorney General Barr Just Trade James Comey’s “Memogate” for “Spygate”?
Douglas Lynn

Awakened Americans realize the nation’s system of justice now remains at a crossroads. Either the Deep State cabal including the likes Comey, Clapper, Brennon, McCabe, Clinton, Strozk, Page, Ohr, and others will continue on their book tours and talk show circuits – or they will face prosecution at the whim of U.S. Attorney General William Barr; as the country now awaits reports from Inspector General Michael Horowitz on FISA Abuse and corruption in the Department of Justice; U.S. Attorney John Huber on Clinton Foundation illegalities; and U.S. Attorney John Durham on the origins of Russiagate. Read More

08.02.19- Yesterday’s Interest Rate Cut Was the Biggest Mistake in Federal Reserve History
Bill Bonner

POITOU, FRANCE – It was the unkindest cut of all.

Yesterday, the Federal Reserve whittled down its key lending rate by 25 basis points, in what was probably the biggest mistake in Fed history.

Only Mistakes

As you know, the Fed only makes mistakes. Read More

08.01.19- Congress to Make 401(k)’s Riskier For Your Retirement Savings
Birch Gold Group

In June 2018, the White House let a piece of legislation known as the “fiduciary rule” drop, according to Bloomberg:

The “fiduciary rule” is officially dead. The Labor Department rule, conceived by the Obama administration, was meant to ensure that advisers put their clients’ financial interests ahead of their own when recommending retirement investments. Read More

 

Copyright © 1996-2018
Disclaimer & Privacy Statement
Website Design, Hosting , and Maintenance provided by