Quantcast

08.27.16- Weekend Rant: S&P is Set to Crash 50%, Giving Back 5 Years of Gains
Marc Faber Blog

The notoriously bearish Marc Faber is doubling down on his dire market view.

The editor and publisher of the Gloom, Boom & Doom Report said Monday on CNBC’s “Trading Nation” that stocks are likely to endure a gut-wrenching drop that would rival the greatest crashes in stock market history.

“I think we can easily give back five years of capital gains, which would take the market down to around 1,100,” Faber said, referring to a level 50 percent below Monday’s closing on the S&P 500. Read More

08.26.16- Stocks at Record Highs for All the Wrong Reasons
Rick Ackerman

The latest stats from Wall Street have confirmed what we already knew — that the dog days of this summer have been among the dullest ever recorded. “The past 30 days have been the least volatile of any 30-day period in more than two decades,” reported the Wall Street Journal Tuesday beneath the headline “Stock Market Turns Eerily Quiet”. Is it the calm before the storm — or simply a lull before the next big rally? The evidence is persuasive that it is the former, and that in the current economic environment, it is ominous. For one, the stock market has moved steadily higher into new-record territory despite the downtrend in U.S. corporate earnings over the last five quarters. There are numerous other red flags as well. “Smart money has been coming out of the market for quite a while,” notes our old friend Garrett Jones in his latest Observations. Read More

08.25.16- One Can Never Have Too Much Freedom When Building Fruitful Societies
Daily Bell Staff

Being an Ideologue Means Never Having to Say You’re Wrong … “Communism would have worked, if the Soviet Union had only tried it for real.” … For any political-economic ideology, there is always a hard core of believers who will never waver in their conviction that if only the program were tried in its pure form, it would succeed. Any failures — even debacles on a grand scale, including the fiasco of 20th century communism — will be chalked up to ideological impurity and improper application.- Bloomberg Read More

08.24.16- Jim Grant: "This Will Turn Out To Be Very Bad For Many People"
Christoph Gisiger

James Grant, Wall Street expert and editor of the investment newsletter «Grant’s Interest Rate Observer», warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold.

From multi-billion bond buying programs to negative interest rates and probably soon helicopter money: Around the globe, central bankers are experimenting with ever more extreme measures to stimulate the sluggish economy. Read More

08.23.16- 1 Twisted Rule Caused the 2008 Crash –
Here’s Why It’s Poised to Strike Again Soon

Birch Gold

When you start digging into the forces behind the last major financial crisis of 2008, it becomes abundantly clear that global banks and their risky policies had a heavy hand in draining billions of dollars from Americans’ pockets. More specifically, the problem arose because these mega banks worked the system to avoid keeping an appropriate amount of reserve capital to cover their investments – essentially refusing to maintain a safety net to keep them from failing if their investments went south. Here’s why it looks like they’re getting ready to do it all over again. Read More

08.22.16- The Impossible Italian Job
Don Quijones

The Italian Banking Crisis would complete Europe’s “Doom Loop.”

Italy’s repeated attempts to stave off a full-blown financial crisis and breathe life back into its moribund banking sector can be summed up in four words: too little, too late.

In April, it set up a bad bank vehicle called Atlante that was expected to bail out the country’s most troubled lenders as well as allay growing fears of a systemic crisis within the financial sector. With just €5 billion of funds to its name, it did neither. Read More

08.20.16- Rothschild Warns “Biggest Financial Experiment in History” About to Unleash Consequences Unknown
Mac Slavo

These are truly unprecedented times.

Central bankers have never had more power; monetary policy has never been stranger. Stock markets are at record highs, but the real economy is stagnate and suffering. The individuals in it are finding it difficult to makes ends meet, and are drowning in debt.

All the quantative easing went straight to the top; investment had literally no incentive to flow into the larger body. The system is top heavy, topsy turvy and weak in the knees. Collapse appears inevitable, yet could be a long way off. Read More

Faith Money and the Coming Collapse
Mike Adams

View Video

08.18.16- The Reason Our Standard of Living Will Fall
Tom Chatham

The prosperity we once knew as a nation was made possible because of cheap oil. When the EROI, Energy Returned On Invested, was at 30/1 we had unprecedented prosperity. The EROI is now falling below 10/1 and is taking prosperity with it. The EROI is the amount of energy we expend to get energy, in this case oil, out of the ground. We are getting 10 units of energy for every unit we expend to get it. Shale oil production results in 5 units of energy for every unit we expend.

This matters because everything we use depends on cheap energy to maintain the status quo. An EROI of 10/1 is necessary to maintain our current standard of living. The Hills Group project oil will drop to $11.76 by 2020. This may sound good on the surface but cheap oil will not mean much if you have no job and no money to buy it. As the next depression sets in many more people will lose their job and as a result prices will collapse. They project by 2020 we will have 75% fewer gas stations as a result of collapsing oil. Read More

08.17.16- The Day The Dollar Died Part I
James G. Rickards

Will history record September 4th, 2016 as the day the dollar died? Before continuing, let me make it clear that you aren’t going to wake up on September 5th to find anything noticeably different…

The dollar won’t lose its reserve currency status overnight. It won’t be instantaneously inflated into worthless piece of currency, and we aren’t going to see immediate 90% hyperinflation. None of these things are going to happen.

What I mean is that in the not-too-distant future, maybe five years, maybe three years, maybe less, we’ll look back and say, “That was the date when everything changed. That was the turning point for the dollar and we didn’t see it at the time.” But those who know what to look for will understand the significance of that date. Read More

08.16.16- Opinion: Why this U.S. market rally gives investors good reason to be cautious
Conrad de Aenille

Typically reliable measures may be sending misleading signals

Many factors suggest that the U.S. stock market currently is vulnerable to a decline, maybe a big one. The fundamentals are bleak, for starters.

The U.S. economy grew at a dismal 1.2% annual pace in the second quarter, a Commerce Department report released at the end of July showed, and corporate earnings are flat at best. Analysts’ estimates of earnings for the companies in the S&P 500 SPX, +0.35%  have declined in each of the last six quarters, according to FactSet Research. Read More

08.15.16- Burning Down the House
James Howard Kunstler

There’s a new feature to the Anything-Goes-and-Nothing-Matters economy: Nothing-Adds-Up. The magicians who pretend to measure the growth of GDP (Gross Domestic Product — the monetary value of all the finished goods and services) came up with a second quarter “adjusted” figure of 1.2 percent. That would have to be construed by anyone acquainted with basic econ stats as perfectly dismal. And yet the Bureau of Labor Statistics put out a sparkly Nonfarm Payroll Report of 255,000 for July, way above the forecast 180,000. Read More

08.13.16- The Brexit Vote And
Endgame Time For The EU

Kevin Dowd

The Brexit vote was never just about whether the Brits would reject rule from Brussels. The real issues were much broader and felt across the whole EU—an arrogant and undemocratic elite, its disastrous economic policies and an increasing gap between haves and have-nots, the first being the cause of the second and the second the cause of the third. To paraphrase what one disillusioned British voter told The Guardian: if you’ve got money, you vote in; if you ain’t got no money, you vote out.

In this context, I would like to quote two poignant open letters from European friends that were sent out just before the UK referendum. Read More

08.12.16- Why Corporate America Can’t Prop Up Stocks Much Longer
Casey Research

Corporate America is bracing for tough times...

Since you’re reading an investment newsletter, you likely own stocks. And if you’re like most investors, you keep up with how the companies you own are performing. You might even listen to quarterly “earnings calls,” which are when CEOs present results and give their outlook on the business.

Most of the time, CEOs act as cheerleaders on these calls. If business is bad, they’ll say business is good. If business is good, they’ll say it’s great. And CEOs are notoriously optimistic about the economy. After all, thousands of investors and analysts listen to these calls. CEOs know their stock can crash if they’re pessimistic about the business or economy. Read More

08.11.16- Marc Faber Issues A Stunning Warning That A Gigantic 50 Percent Stock Market Crash Could Be Coming
Michael Snyder

Are we about to witness one of the largest stock market crashes in U.S. history?  Swiss investor Marc Faber is the publisher of the “Gloom, Boom & Doom Report”, and he has been a regular guest on CNBC for years.  And even though U.S. stocks have been setting new record high after new record high in recent weeks, he is warning that a massive stock market crash is in our very near future.  According to Faber, we could “easily” see the S&P 500 plunge all the way down to 1,100.  As I sit here writing this article, the S&P 500 is sitting at 2,181.74, so that would be a drop of cataclysmic proportions.  The following is an excerpt from a CNBC article that discussed the remarks that Faber made on their network on Monday Read More

08.10.16- US Treasury Yields Go Negative
Everywhere But Here

John Rubino

Negative interest rates are an existential threat for insurance companies, pension funds and other financial entities that need positive investment returns to survive.

As rates on government bonds have gone negative in Europe and Japan, the above companies have been big buyers of US Treasury bonds, which still (for some reason) continue to offer positive yields.

But according to a Bloomberg analysis published today, Treasuries’ positive yield has recently evaporated when the cost of hedging currency fluctuations is included. Here’s an excerpt: Read More

08.09.16- ZZZZZZZZZZZ....
James Howard Kunstler

Wake the fuck up! Today we turn from the sordid dumbshow of Election 2016 to the parlous mysteries of finance and economics behind our sick politics. Most of the commentary in the mainstream special needs news media is based on the incorrect notion that the current disposition of things is sure to continue and therefore all we have to do is manage the familiar dynamics of the operating system in place. For instance, Grand Vizier Paul Krugman in today’s New York Times pimping for the US to issue ever-greater debt to repair US infrastructure. Does it seem like a sound idea? Borrow tons more money to get American running gear back in order so we can return to a growth economy. Read More

08.08.16- Saving the system
Alasdair Macleod

Monetary policy, we are told, is all about staving off recession and stimulating economic growth.

However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today’s monetarism have completely lost their way.

This article addresses the confusion surrounding this subject, and concludes the real reason for today’s global monetary policies is an ultimately futile attempt to prevent a systemic and economic crisis. Read More

08.06.16- Get ready America... China is preparing to fully challenge the dollar by October
Kenneth Schortgen

An interesting, but extremely important piece of news fell through the cracks earlier this week, that has the potential to be one of the most powerful attacks on the dollar's reserve currency status since 1973.  And it appears to be happening using the West's own mechanism against them.

On Aug. 1, China announced that around the 1st of October they will be internationalizing the IMF's Special Drawing Right's (SDR) currency for global use in trade, thus placing the currency basket in play for nations to use instead of the dollar. Read More

08.05.16- The Bank of England Just Provided Us With More Reasons to Own Gold and Silver
JS Kim

Yesterday the Bank of England cut its main interest rate from 0.5% to 0.25% for the first time, marking its first interest rate change since March 2009, and provided all of us with more reasons to keep converting fiat currencies into physical gold and physical silver. In addition the BOE announced an increase in its QE bond-buying program of £60bn to £435bn. And in response, the British pound immediately fell by 1% to the USD and traders added to their British pound longs, exceeding previous record net long positions in the pound recorded three years ago. Read More

08.04.16- European Banking System on Verge of Collapse; Market Votes 'No Confidence' in Italian Bank Rescue
Mike Shedlock

European bank shares are down for the second day following a last minute bailout package aimed at Italian banks one day before a stress test showed Monte dei Paschi would be insolvent in an adverse scenario.

The ECB's stress tests published on Friday showed Monte dei Paschi has a huge capital shortfall, with the bank's Common Equity Tier 1 (CET1) ratio of negative 2.44 percent.

Forget the adverse scenario bit, Monte dei Paschi, Italy's third largest bank and oldest bank in the world is insolvent in any realistic scenario. Read More

08.03.16- EVERYTHING IS RIGGED:
… you are living in a fabricated fairy tale

Mike Adams

(NaturalNews) After witnessing how Reuters just blatantly cooked the presidential election polls this week to favor Clinton and how the mainstream media is so terrifyingly biased in favor of Clinton that the very foundation of democracy is now in crisis, it’s time to tell you something that perhaps a lot more people are finally ready to hear: Read More

08.02.16- EXPOSED: The S&P 500 Earnings Fraud
Michael Covel

A new research report has corporate America and Wall Street reaching for damage control…

Marketwatch recently conducted an in-depth analysis of the top 50 companies in the S&P 500. And what they found was widespread corruption.

An overwhelming majority of America’s blue-chip companies are purposefully promoting false earnings.

It’s a sleazy scheme that makes executives rich while masking the true financial state of corporate America.

Let me show you just how rotten things have become… Read More

08.01.16- A Potential Life Changing Market
Rambus

The markets have a way to push you just beyond your limits to get you to do the wrong thing at the wrong time and then reverse on a dime. The bearish sentiment from just a casual observation over the last few weeks has felt like there was no way the bulls could rally the PM sector higher before there was a decent correction. In a new bull market the surprises come to the upside and not the downside.

The rally we’re currently experiencing in the PM complex right now and especially the Junior Miners is a potential once in a lifetime event for most investors. Sometimes we get lucky and experience several of these kind of bull markets over a lifetime, but generally your first experience is a learning experience if you can survive long enough to have learned something. Read More

07.30.16- Dollar Hobbled; Technicals Warn of More Losses
Marc Chandler

The US dollar advance was stopped in its tracks by the disappointingly weak Q2 GDP figures. The 1.2% annualized growth rate was roughly half of the pace expected. The FOMC statement earlier in the week did not leave the impression that a September hike was likely, and with the poor growth numbers, the odds were downgraded further.

Now given the reduced contingent risk of a September hike, the odds of a hike 50-75 bp end of the year target range for Fed funds has fallen to about a 1 in 3 chance. However, if you think that there is no chance of a September hike (doubts about the economic strength) or a November hike (too close to the election), then the odds of a December hike is still close to 60%. Read More

07.29.16- Global trade is not growing slower –
it's not growing at all, finds a new report

Johannes Fritz and Simon J Evenett

Falling rates of global trade growth have attracted much comment by analysts and officials, giving rise to a literature on the ‘global trade slowdown’ (Hoekman 2015, Constantinescu et al. 2016). The term ‘slowdown’ gives the impression of world trade losing momentum, but growing nonetheless. The sense of the global pie getting larger has the soothing implication that one nation’s export gains don’t come at the expense of another’s. But are we right to be so sanguine? Read More

07.28.16- A Psychiatric Diagnosis Of The U.S. 'Market'
Charles Hugh Smith

Schizophrenic Disconnect From Reality, Bipolar Mania, Psychotic Delusions of Wealth

If you think a delusional market is healthy, it's time for a psychiatric exam.

What diagnosis would an experienced psychiatrist offer when presented with the bizarre behavior of the U.S. stock market? We assume that the wild mood swings of greed and fear are "normal" for markets devoted to short-term profit and speculation, but the stock market's disconnect from reality is far beyond mere mood swings. Read More

07.27.16- The Blind Leading the Clueless
Jeff Thomas

Most of us watch television. In part, we seek to be entertained, but, additionally, we often seek to be enlightened as to “what’s going on.” In a difficult era like the present one, in which some of the most prominent countries are experiencing the onset of an economic crisis, virtual cartoon characters are competing as choices in political contests, governments are becoming increasingly rapacious and a police state is developing rapidly, it’s not surprising if the average person questions, “What on earth are they thinking?”

Well, there’s no shortage of media exposure to answer that question. Today, there are a multitude of channels offering 24/7 “news,” from which we may hope to glean some insight as to what the leaders of the world are thinking. Yet, in spite of the endless folderol being offered, the leadership vision remains about as clear as mud. Read More

07.26.16- Caterpillar Retail Sales Decline For 43 Consecutive Months
Tyler Durden

There was a time when Caterpillar was considered a key bellwether for trends in global heavy industries, and thus a proxy for the manufacturing sector. However, over the past 3 years that has not been the case for one simple reason: if one looks only at trends revealed by CAT's retail sales the global economy has been mired not in a recession but an unprecedented depression, one which has now lasted some 43 months. That's how long CAT has gone without a single positive month in global retail sales, well over double the duration of the acute collapse in demand following the financial crisis. Read More

07.25.16- Just a Game
Bill Gross

If only Fed Governors and Presidents understood a little bit more about Monopoly, and a tad less about outdated historical models such as the Taylor Rule and the Phillips Curve, then our economy and its future prospects might be a little better off. That is not to say that Monopoly can illuminate all of the problems of our current economic stagnation. Brexit and a growing Populist movement clearly point out that the possibility of de-globalization (less trade, immigration and economic growth) is playing a part. And too, structural elements long ago advanced in my New Normal thesis in 2009 have a significant role as well: aging demographics, Read More

07.23.16- It Looks Like the Global Debt Bomb Is Ready to Blow
Joshua Krause

In recent years we’ve seen global debts soar to heights never before seen in human history. Before the financial crisis of 2007 and 2008, public and private debts were already out of control, but when the governments of the world tried to keep the global economy together with all their might, they did so by going into debt, to the tune of over $200 trillion. And that’s just what the numbers looked like the last time anyone checked back in 2014. Who knows how much debt the world is in now.

And that $200 trillion, by the way, amounts to around 300% of the world’s GDP, and it’s still growing. Obviously this isn’t sustainable. If you had a credit card debt worth three times as much as your yearly salary, and it continued to grow year after year, you’d be bankrupt in no time. Read More

07.22.16- Could This Rally Be a Head-Fake?
Charles Hugh Smith

If there's nothing supporting this rally but euphoric sentiment arising from orchestrated buying, any eruption of reality will reveal the rally as a head-fake.

Let's say you wanted to engineer a stock market rally that triggered every technical "buy" signal and wiped out those who are short the market--what would you do? First, you'd engineer a new all-time high to signal "all clear for further advances."

Then you'd crush volatility as measured by the VIX, signaling that there is nothing standing in the way of more advances. Read More

07.21.16- The Shopping Mall Death Spiral
Charles Marohn

Did the people who built this think it would fail in less than a generation? The answer might surprise you.

The shopping mall is the epitome of America's Suburban Experiment. From a local government standpoint, it was the golden chalice of development, a winner-take-all prize in our race to the bottom. Whoever got the mall was able to steal from their neighbors that fraction of a sliver of retail taxes that local governments receive. When consolidated in one place, that could add up to a significant amount of money, at least for a while.

The losers with their crumbling downtowns.....well, they could eat cake. Read More

07.20.16- Six Major Events That Will Change History
Egon von Greyerz

Investors globally have never faced risk of the magnitude that the we are now exposed to. But sadly very few are aware of the unprecedented risks the world is facing. For the ones who understand risk and take the right decisions, it will “lead to fortune”. Only very few will choose that route. Instead most investors will continue to live in the hope that current trends will go on forever but sadly these people will end up “in shallows and in miseries”.

Risk is now staring us all right in our face but very few people can actually see it. Read More

07.19.16- We Are Witnessing The Greatest Dichotomy In The History Of Financial Markets
Jesse Felder

Interest rates are now hitting record-lows while stocks hit record-highs; this has never happened before. Nor should it ever happen.

You see, changes in interest rates are typically a very good economic indicator, forecasting future growth and inflation. In recently plunging to new, all-time lows, they have taken out the lows set during the Great Depression. In other words, the bond market is saying the prospects for the economy are not very good and possibly very dire. Read More

07.18.16- A Stock Market Crash Is Waiting, Paid for by the BoJ
Jack Delaney

A stock market crash could be coming, courtesy of Japanese Prime Minister Shinzo Abe and the Bank of Japan (BoJ).

You see, Abe wants another round of fiscal stimulus, this one for reportedly $99 billion.

And one part of the BoJ’s economic policy in particular could be the biggest catalyst for a stock market crash in 2016.

I’ll get to that especially troubling policy in just a minute. But first, here’s why Japan’s prime minister has ordered this new round of stimulus.Read More

07.16.16- Weekend Rant: End of an Era - The Rise and Fall of the Petrodollar system
Claudio Grass

The intricate relationship between energy markets and our global financial system, can be traced back to the emergence of the petrodollar system in the 1970s, which was mainly driven by the rise of the United States as an economic and political superpower. For almost twenty years, the U.S. was the world’s only exporter of petroleum. Its relative energy independence helped support its economy and its currency. Until around 1970, the U.S. enjoyed a positive trade balance. Oil expert and author of the book “The Trace of Oil”, Bertram Brökelmann, explains a dramatic change took place in the U.S. economy, as it experienced several transitions: First, it transitioned from being an oil exporter to an oil importer, then a goods importer and finally a money importer. This disastrous downward spiral began gradually, but it ultimately affected the global economy. Read More

07.15.16- Greater Fools Storm The Casino
David Stockman

Since last Friday’s phony jobs report the casino has become so unhinged that analysis is beside the point. A picture worth an eventual thousand point drop on the S&P 500 will do the job.

While we are waiting it might be wondered, however, whether nearly two decades of central bank financial repression have not merely destroyed honest price discovery on Wall Street. Perhaps it has actually extinguished brain function entirely among the corporal’s guard of carbon units that remain.

Yes, it is not surprising at all that the robo-machines are now gunning for the 2200 point on the S&P 500 charts. That’s what they do. Read More

07.14.16- Elon Musk and Tesla Are the Face of Bubbling Stock Market, but Maybe Not for Long
The Daily Bell

I can’t think of any governance red flags during the Steve Jobs era at Apple (the one exception being the stock-option backdating issue, which was settled). By contrast, there have been many at Tesla.  Perhaps the Tesla bulls would say that the combination of Musk’s brilliance as well as the potential size of the electrical car market more than compensates for a few red flags. My guess is that Steve Jobs would have been envious at the many benefits of the doubt, as well as the acceptance of continual losses, which investors continue to bestow upon Tesla’s management and its stock price.  –Real Money Read More

07.13.16- The Big Picture Hasn’t Changed: Don’t Get Sucked Back Into the Stock Market
Justin Spittler

Stocks are on a tear right now…

Today, the S&P 500 hit a new all-time high. It topped 2,130 for the first time since May 2015. The benchmark index is now up 6.9% over the past two weeks.

All good, right?

It might seem that way…if we were only analyzing U.S. stocks.

The thing is, in nearly every other market, stocks are still headed lower: Read More

07.12.16- China: The Next Crisis
Kyle Bass

View Video

07.11.16- George Soros predicts riots, police state and class war coming to America
Russia Today

Billionaire investor George Soros has a new prediction for America. While it might be as dire as it gets for the financial wiz, this bet concerns more than just the value of the buck. According to Soros, there’s about to be an all-out class war.

Soros, 81, previously bet against the British pound in the early 90s and made $1 billion off its collapse. In the years since, he’s remained active in investing, but also in advocacy. He’s helped keep Wikipedia afloat thanks to impressive contributions and through donations to the Tides Center, has indirectly funded Adbusters, the Canadian anti-capitalist magazine that put Occupy Wall Street on the map. Read More

07.09.16- The Disastrous Dollar Standard
Richard Duncan

When the Bretton Woods international monetary system broke down in 1973, the world’s financial officials were unable to agree on a new set of rules to regulate international trade and monetary relations. Instead, a new system began to emerge without formal agreement or sanction. It also remained nameless.

The current international monetary system which evolved out of the collapse of Bretton Woods will be referred to as the dollar standard — so named because U.S. dollars have become the world’s core reserve currency in place of gold, which had comprised the world’s reserve assets under the Bretton Woods system as well as under the classical gold standard of the 19th century. Read More

07.08.16- Bitcoin: A Complete Overview - A World Monetary Revolution Or A Speculative Bubble About To Burst?
Tim Bryant

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford, Founder of Ford Motor Company

By now, many people have probably heard of the word Bitcoin, but chances are that 99% of the world’s population still has no idea exactly what it is or how it actually works. Not only are most completely uniformed when it comes to this new technology, but there is a wide range of differing opinions as to what will come of it, even amongst those within the Bitcoin community. Some highly prominent people have praised it, calling it the “money of the Internet” and offering some very bold statements as to the true paradigm shift that could manifest if Bitcoin proves to be successful. Read More

07.07.16- Hillary Beats the Rap!
Michael Covel

The Clintons are back, baby!

After the FBI let Hillary off the hook yesterday for illegally keeping classified material on her personal servers, Arkansas’ first family of con artists are strutting around like O.J. after beating his murder rap.

They’re untouchable now… and they know it.

They’ve beaten impeachment, the Vince Foster mess, Whitewater, Travelgate, Filegate, Pardongate, the Asian fundraising scandal, the cattle futures scandal, Bubba flying around on the “Lolita Express,” Benghazi… and now the State Department email scandal. Read More

07.06.16- The US is being Isolated, As are the Western Paper Equity Markets?
Wolf Gray

One of the most common questions I face is, “when will the stock market and or the paper equity markets, reflect the true state of the economy?”  The answer is, “it already has, the media just will not report on it in a factual manner.”  Whether by stupidity or by “orders given” they aren’t telling the whole story. 

The truth is, things that are in motion, both up or down, have a measurable life to them. When motion stalls long enough, things give up and die.  WG Read More

07.05.16- And Now, for Something
Dispictabley Outrageous: FBI Recommends "No Charges" Against Hillary Clinton

Tyler Durden

In a surprising statement which concluded moments ago, FBI director James Comey announced that Federal officials have decided not to pursue federal charges against Hillary Clinton for her private email setup, an announcement that will send a shockwave throughout national politics.

BREAKING: FBI to recommend DOJ not pursue charges in Clinton email investigation: "No charges are appropriate." Read More

07.04.16- Another Fourth of July Rant: “Vince Foster’s Ghost” Reappears – Formally Clinton’s Best Friend
Michael Noonan

America used to be known as a great country, a reputation that lived on decades after it was no longer true.  An over heard comment from a group of kids, today, talking about July 4th, Independence Day as being “the fireworks day.”  In truth, that is probably as much as they know about it.

Knowing what is available as a choice for the presidency of this country, it is no accident that common sense, pride in this nation as a Republic [another fact few recognize] and having to “support” a de facto political federal government that does not serve any of the interests of the people, it is no small wonder that a person like Hillary Clinton is the best this country can serve up as a candidate. Read More

07.02.16- Weekend Rant: Brexit pushed the stock market down: Oh the horror
Jon Rappoport

Stocks go up, go down: does it really mean anything?

An investor asked God, “Is the stock market an intrinsically woven part of the universe You created?”

And God said, “Only if you believe I wanted to create a new sucker every minute.”

In the wake of the Brexit vote, and in many other cases where an event is said to be “negative,” stocks plummet. Major media promote these downward actions as evidence that “something bad has happened,” and the “economy is suffering” because of it. Read More

07.01.16- The Safe, Wildly Profitable Volatility Play
Adam English

Britain sinks into the sea, the sky is falling, and the market crumbles.

Or you would have thought so reading the last week's worth of news, but the Brexit U.S. market correction has been about as mild as they come so far.

Sure, there is going to be a headwind on and off for years as this all pans out, but as I said over the weekend, it was a tempest in a teapot.

At least as of the writing of this article, the S&P 500 is back in the green by about 1.5%, and after the first bounce since the drop, it is only off about 2%. Read More

06.30.16- Mooning the Elite
Bill Bonner

Connecting Dots

BALTIMORE –  U.S. stocks bounced on Tuesday, with the Dow up 269 points [and even further on Wednesday, ed.]. Was that all there was? Is the “Brexit” scare over? We don’t know… but we’re going to take a pause today. Instead of trying to connect the new dots, we’re going to take a look at the old dots we’ve already strung together. We’ve been connecting the dots every day (except weekends) for the last 17 years. And today, for the benefit of new readers, old dear readers, and our own benefit too… we step back. What do we see? Read More

06.29.16- Brexit Aftermath -
Here’s What Will Happen Next

Brandon Smith

In my article 'Brexit: Global Trigger Event, Fake Out Or Something Else?', published before the U.K. referendum vote, I outlined numerous reasons why I believed the Brexit was likely to pass. As far as I know, I was one of very few analysts that stuck to my call of a successful Brexit right up until the day of the referendum instead of slowly backing away as the pressure of conflicting polls increased. My prediction was verified that evening.

In my post-Brexit commentary, which can be read here, I then outlined why so many analysts in the mainstream and even in the liberty movement were caught completely unaware by the referendum results. Today, however, I now see hundreds of analysts using the same talking points I argued before the Brexit, but still missing the first and most VITAL underlying truth.  The core reason why I was able to discern the Brexit outcome was because I accepted the reality that the Brexit does not hurt globalists — in the long run, it actually helps them. Read More

06.28.16- We Just Witnessed The Greatest One Day Global Stock Market Loss In World History
Michael Snyder

More stock market wealth was lost on Friday than on any other day in world history.  As you will see below, global investors lost two trillion dollars on the day following the Brexit vote.  And remember, this is on top of the trillions that global investors have already lost over the past 12 months.  It is important to understand that the Brexit vote was not the beginning of a new crisis – it has simply accelerated a global financial crisis that started last year and that was already in the process of unfolding. The next six months should be absolutely fascinating to watch. Read More

06.27.16- George Soros: "Brexit Makes EU Disintegration Irreversible"
Tyler Durden

Just four days ago, the "big guns" when George Soros wrote a Guardian op-ed titled  "The Brexit crash will make all of you poorer – be warned" in which he said that "as opinion polls on the referendum result fluctuate, I want to offer a clear set of facts, based on my six decades of experience in financial markets, to help voters understand the very real consequences of a vote to leave the EU." We promptly countered that Soros' set of "facts" may be clouded by his far greater equity stake in interests around Europe, and the globe, which would be drastically impacted by not only a Brexit, but by a European Union which is suddenly on the rocks.  That's precisely what happened when, as we wrote earlier, the world’s 400 richest people lost $127.4 billion Friday following the Brexit vote. Read More

06.25.16- Waiting for Humpty Dumpty
Dr. Ben Hunt

Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall.
All the king's horses
and all the king's men
Couldn't put Humpty together again.

Brexit is a Bear Stearns moment, not a Lehman moment. That's not to diminish what's happening (markets felt like a death in March 2008), but this isn't the event to make you run for the hills. Why not? Because it doesn't directly crater the global currency system. It's not too big of a shock for the central banks to control. It's not a Humpty Dumpty event, where all the Fed's horses and all the Fed's men can't glue the eggshell back together. But it is an event that forces investors to wake up and prepare their portfolios for the very real systemic risks ahead. Read More

06.24.16- 'Explosive shock' as Britain votes to leave EU, Cameron quits
Guy Faulconbridge and Kate Holton

LONDON Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two.

Global financial markets plunged on Friday as results from a referendum showed a 52-48 percent victory for the campaign to leave a bloc Britain joined more than 40 years ago. Read More

06.23.16- 'No Fly, No Buy' Means No Freedom
Andrew P. Napolitano

The people in the government who want to control our personal choices are the enemies of freedom. And the enemies of freedom can be very clever and seductive.

Last week, these folks, manifesting their lust to keep us dependent upon the government by rejecting the natural right to self-defense, coined a clever phrase: “No fly, no buy.” It sounds rational, yet it rejects core American values.

The phrase was pounded home to average Americans during a one-sided 15-hour televised marathon on the floor of the Senate orchestrated by the gun control crowd. Read More

06.22.16- Why the Brexit Could Be
the End of Central Banks

Shah Gilani

If the United Kingdom grabs all its capital and goes home from Brussels, the result could be market mayhem...

The markets' worry over the possibility of a Brexit – that the United Kingdom may actually pull the trigger and leave the world's biggest economic bloc – has been driving volatility for weeks.

Here's the thing… For all the coverage and attention the Brexit is getting, no one's talking about the most frightening prospect – by far – that's going to happen if Britain exits the European Union. Read More

06.21.16- Libertarian Party is the future, US will not be able to restructure debt
Jim Rogers

View Video

06.20.16- China Must Follow Japan to Survive
Richard Duncan

China has been transformed by a credit-fueled investment boom unlike anything the world has ever seen.

A credit-based economy, built around what has effectively been the dollar standard, made it all possible. There’s no limit to the amount of credit that can be created under a fiat money system. And the dollar standard created a very large global boom, as U.S. dollars flooded into countries like China.

Between 1990 and 2014, investment in China increased a staggering 50-fold. Between 2007 and 2014 alone, investment in China increased by 236%. In the U.S. meanwhile, investment only increased 6% over that same time period. Read More

06.18.16- The Stock Market Crash Of 2016: Stocks Have Already Crashed In 6 Of The World’s 8 Largest Economies
Michael Snyder

Over the past 12 months, stock market investors around the planet have lost trillions of dollars.  Since this time last June, stocks have crashed in 6 of the world’s 8 largest economies, and stocks in the other two are down as well.  The charts that you are about to see are absolutely stunning, and they are clear evidence that a new global financial crisis has already begun.  Of course it is true that we are still in the early chapters of this new crisis and that there is much, much more damage to be done, but let us not minimize the carnage that we have already witnessed. Read More

06.17.16- Unprecedented Mainstream Media Criticism of Central Banking Bodes Ill for the Larger Economy
Daily Bell Staff

DoubleLine’s Gundlach says ‘central banks are losing control’ …  Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday investors are dropping risky assets and turning to safer securities including Treasuries and gold because they are losing faith in central banks.  –Reuters

There is definitely considerable negativity about central banking in the mainstream media these days.

This is surprising, on the one hand, because central banking provides the foundation of the current economic system, worldwide. Read More

06.16.16- Derivatives Expert Warns Globalists Ready to SHUT DOWN Entire Financial System!
Rory Hall

The globalists seem to be running short of time according to derivatives expert Rob Kirby, as he is warning the algorithms that run the financial system may be turned off in the not too distant future.
When I say not too distant future I mean before the end of summer…

The establishment, globalist, elite, 1%, 0.01% whatever you wish to call them they seem to be on a one-way ride straight into the abyss. The global financial systems and global economies all seem to be moving in the same direction at the same time – down the tubes. Read More

06.15.16- The Establishment Has Lost Its Hold On The People, Brexit Gains Momentum
Nathan McDonald

People around the world are sick and tired of the status quo. They are sick and tired of the overly political correctness and the way that the system is attempting to control every aspect of our lives. You can see this growing wave of discontent from the ever-growing amount of politicians getting elected around the world with a nationalist ideology.

An increasing mass of people is sick and tired of the welfare state that has been created around us and want to get back to good, honest work - the type of hard effort and commitment that made the West the most prosperous nation in the world. Sadly, over the last few decades a growing portion of the population has gotten lazy and have expected more and more from "daddy" government. Read More

06.14.16- It’s Official: China Confirms It Has Begun Liquidating T-Bonds
Tyler Durden

“It would change the outlook on Treasuries quite a bit if you started to price in a fairly large liquidation of their reserves…”

On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for instance, we noted that China had dumped a record $143 billion in US Treasurys in three months via Belgium, leaving Goldman speechless for once. Read More

06.13.16- 'Leave' Takes Shocking 19-Point Lead In Brexit Poll - "If It Happens, Gold Will Be The World's Strongest Currency"
Tyler Durden

The headlines go from bad to worse for the UK and EU establishment as yet another new poll this weekend, by Opinium, shows "Brexit" leading by a remarkable 19 points (52% chose to leave the EU against 33% choosing to keep the status quo). This result comes after 2 polls Friday night showing a 10-point lead for "leave" which sparked anxiety across markets. This surge in "leave" probability comes despite an additional 1.5 million voters having registered this week (which many expected to increase "remain" support). Further anger towards EU was exposed when former cabinet minister Iain Duncan Smith warned that seven new prisons will need to be built in the UK by 2030 to cope with the rising number of migrant criminals (presumedly due to 'staying' in the EU). Read More

06.11.16- Is The Fed Just Maintaining The Illusion They’ll Raise Rates?
L Todd Wood

It’s not rocket science.

Here’s what has been going on with the economy: We have had layer after layer of job-killing regulations and policy thrown at the deepest and most resilient economy in the world. Yet, she’s still kicking, the American economy.

But — and it’s a BIG “but” — the economy is one sick puppy. Obamacare, environmental regulations and corruption, the climate change agenda, higher taxes, etc have all been thrown at the American economic wall. And man, have they sure stuck! Read More

06.10.16- Peter Schiff Issues a Rather Large Economic Warning…“It’s Gonna Be Awful”
Charles Hugh Smith

The interview below is vintage Schiff vs. CNBC. After being “demoted” to only doing CNBC website interviews for the last several months, something Peter hasn’t been too shy about mentioning in other interviews, within the first 22 seconds Peter manages to sneak in a jab about finally being IN studio again, jokes about how his competition at CNBC aren’t really full fledged bears, but rather “little cubs that haven’t matured into full grown bears yet,” and when asked how bad he thinks the coming financial crisis will be, Schiff responds saying, “It’s gonna be awful,” all while he’s laughing. Read More

06.08.16- Brexit Could Cause Gold Price to Soar
Matthew Johnston

The surge in gold prices since the beginning of this year following three years of decline could gain further momentum if U.K. citizens vote in favor of the Brexit, which is looking increasingly more likely. The price of gold, a metal perceived to be a safe haven for investors in times of economic stress, could “explode,” according to some analysts, if the nation votes to leave the EU in the upcoming referendum that is now only weeks away.

Driven by the economic turmoil of the global financial crisis, the price of gold soared to record highs before peaking at around $1,900 an ounce in September of 2011. As uncertainties over the financial crisis subsided, gold’s price declined reaching to as low as around $1,050 in November of last year in anticipation of the Fed beginning a new tightening cycle. Read More

06.08.16- Brexit Could Cause Gold Price to Soar
Matthew Johnston

The surge in gold prices since the beginning of this year following three years of decline could gain further momentum if U.K. citizens vote in favor of the Brexit, which is looking increasingly more likely. The price of gold, a metal perceived to be a safe haven for investors in times of economic stress, could “explode,” according to some analysts, if the nation votes to leave the EU in the upcoming referendum that is now only weeks away.

Driven by the economic turmoil of the global financial crisis, the price of gold soared to record highs before peaking at around $1,900 an ounce in September of 2011. As uncertainties over the financial crisis subsided, gold’s price declined reaching to as low as around $1,050 in November of last year in anticipation of the Fed beginning a new tightening cycle. Read More

06.07.16- Federal Reserve Plays Jenga with US Banking System
Samuel Bryan

If you’ve ever played Jenga, you know each player takes turns pulling blocks out of the core of a tower and then placing them on top. The tower gets less and less stable as the game goes on, until eventually it comes crashing down.

This is kind of like what the Federal Reserve does with the US banking and monetary system – except they actually claim they are making things more stable as they go.

Comments by two Federal Reserve governors last week indicate the central bank will likely require American banks considered “too big to fail” to further bulk up their balance sheets in order to protect against big losses and potential future bailouts in an economic crisis. Read More

06.06.16- The Tipping Point Is Quickly Approaching
Doug Casey

Editor's note: "The U.S. is going into a time of troubles at least as bad as any experienced in any advanced country in the last century."

Casey Research founder Doug Casey knows it sounds outrageous—and he'll probably get a lot of backlash—but he believes every American needs to be concerned right now…

Today and tomorrow, Doug will share his thoughts on this coming crisis…and why it will be much worse—and last much longer—than most people expect… Read More

06.04.16- Race to the bottom gaining traction:
Negative rates amplify currency wars

Sol Palha

Ability is a poor man's wealth.
- M. Wren

If you had told individuals before 2009 that we would be living in a negative rate environment in the near future, most would have treated you like a lunatic that just escaped from Ward 12. Fast forward a few years and viola, bankers all over the world are embracing negative rates. China devalued the Yuan once again, adding further fuel to the already blazing fire.  The Fed will have no option but to lower rates and then Jump onto the negative rate bandwagon. Don’t listen to the nonsense the Fed has been mouthing for months that all is well. We can already see the all is good slogan breaking down to “it’s not as good as we thought" slogan; this will eventually change to “oh my God it’s darn right ugly out there. Read More

06.03.16- A 'tsunami' is about to
overwhelm the debt market

Bob Bryan

A tidal wave may be coming to the bond market, and it's not going to be pretty.

At least that's the view of Matthew Mish, credit strategist at UBS. To Mish, the elevated rates of default in the commodity sector and high risk bonds are a harbinger of things to come for the broader debt market.

"First, our quantitative framework is signaling a broader deterioration in the default outlook, with our model projecting default rates of 4.3% over the next 12 months (versus 2.6% one year prior)," Mish wrote in a note to clients on Thursday. Read More

06.02.16- Why The Next Black Swan
Will Turn Into A Flock

Mark St.Cyr

I was on the phone the other day with a friend, who is also my accountant. We’ve been friends going on 30 years. Once in a while our discussions will veer off into what is commonly known as “shop talk” where we find we’ve suddenly gone from “just gabbing” to a multi-hour intense conversation about markets, the economy, and more. This past one was a little more of “the exception” rather than just the average swing into the generic.

What I discerned from many of his responses was just how inadequately prepared, justifiably frightened, as well as, an overwhelming sense of foreboding was lying right below the surface of those many might deem from the outside looking in as people of wealth, industry leaders, or people who are just assumed to be “well off.” Read More

06.01.16- On the Road to Panicville
Pater Tenebrarum

An Alert for the Global Posse of Liquidity Junkies

In the summer of 2015 and again in December-February this year, global stock markets were rattled by weakness in the yuan’s exchange rate vs. the US dollar. Yuan weakness is widely held to exacerbate pressures on other (already weak) emerging market currencies, but more importantly, it is seen as a symptom of accelerating capital flight from China.

Why is it considered important whether or not China’s foreign exchange reserves are increasing or declining? Read More

05.31.16- Immediate Risk of Systemic Lehman Event
Jim Willie

The entire Western financial systemic, complete with USDollar-based foundation platforms, is breaking down. The breakdown is in full view, very noticeable, in almost every arena. What happened in 2008 with the Lehman Brothers failure event is currently underway with almost every single financial platform, structural entity, financial market, banking structure, and arena. In response to the Lehman killjob event, where JPMorgan and Goldman Sachs strangled the victim firm (by denying Lehman proceeds on countless asset sales), the entire Western financial system has been lashed together, tied together, and connected among its many member parts. The main parts are the big banks, which use derivative contracts to lash themselves together. They believe there is strength in numbers, which is true to some extent. Read More

05.28.16- Weekend Rant:
Your Options... To Serve, Or Be Served

Robert Gore

There are three ways for a person to obtain something of value from another person: receive it as a donation, steal it by force or fraud, or exchange for it. It’s not much of an oversimplification to say that the advance of civilization has hinged on its movement from the first two methods to the third. The right to exchange, and the right to promise as part of a future exchange—the right to contract—are now taken for granted, but those rights are delicate and a whole complex of rights, assumptions, and obligations are subsumed by them. Their intellectual foundations are being undermined as the equality of rights implicit in contract and exchange gives way to a regressive inequality of rights: servitude. Read More

05.27.16- We Have Entered
The Looting Stage Of Capitalism

Paul Craig Roberts

Germany’s Assault On The IMF

Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into a pawn of Germany’s banks, Germany now finds the IMF in the way of its plan to loot Greece into oblivion .

The IMF’s rules prevent the organization from lending to countries that cannot repay the loan. The IMF has concluded on the basis of facts and analysis that Greece cannot repay. Therefore, the IMF is unwilling to lend Greece the money with which to repay the private banks. Read More

05.26.16- Negative Interest Rates Set to Propel the Dow Jones to the Stratosphere?
Sol Palha

"Every man must patiently bide his time. He must wait -- not in listless idleness but in constant, steady, cheerful endeavors, always willing and fulfilling and accomplishing his task, that when the occasion comes he may be equal to the occasion." ~ Henry Wadsworth Longfellow

Central bankers wanted to put the fear of God into the masses and to a large degree they have succeeded in doing so; the masses are so afraid that they continue to hoard their money and refuse to put into the market, and that is why this Bull-Market is the most hated in history. Nine years and counting and you would think by now they would have surrendered these false beliefs as the Bears have been decapitated, and the naysayers are hiding in the woodwork. Read More

05.25.16- The rise of the meta-criminal; Is the NSA manipulating the stock market?
Jon Rappoport

Trevor Timm of the Electronic Freedom Frontier dug up a very interesting nugget. It was embedded in the heralded December 2013 White House task force report on spying and snooping.

Under Recommendations, #31, section 2, he found this:

“Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate financial systems.” Read More

05.24.16- Zombie Economy Soon to Have its Zombie Epocalypse
David Haggith

This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve tried to push back up to that distant high that means new life several times, but each time the market falls into a pit again.

The market’s inability to rise without falling again is getting to be nerve racking for those who stayed in the market, trying to make it work for themselves. For Dennis Gartman, who writes the very influential Gartman Letter, last Wednesday was, in fact, one of the worst career days of his life: Read More

05.23.16- Another Stern Stock Market Crash Warning Was Just Issued by the IMF
Diane Alter

Another stern stock market crash warning was just issued from the International Monetary Fund (IMF), and it’s fueling fear across global markets.

The IMF, an organization of 189 countries, is worried about the ripple effects should the United Kingdom vote to leave the European Union (EU).

A British vote to exit the EU, or “Brexit,” could have significant and negative effects on the UK economy, the IMF said last Friday. The quickly approaching Brexit voting date is June 23. Read More

05.21.16- Observations From The Heart Of Silicon Valley
Adam Taggart

The calm before the storm?

Yesterday I made the 2-hour drive back to Silicon Valley, where I lived for 15 years before moving out to the country.

I rarely go back, as I miss very little about the hyper-elite scene there. When I do, though, I feel I have a useful 'insider-now-outsider' perspective that allows me to see things there more accurately than those who live in that fishbowl 24/7. Read More

05.20.16- This S&P 500 Death Cross’ Could Be The Real Deal
Lorcan Roche Kelly

Not all “death crosses” are created equal.

In a note to clients, Intermarket Strategy Ltd. Chief Executive and Strategist Ashraf Laidi points out that the S&P 500’s 50-week moving average is falling below its 100-week moving average.

This “statistically significant” death cross has only happened twice is the past two decades, Laidi points out. Read More

05.19.16- The Eurozone is the greatest danger
Alasdair Macleod

World-wide, markets are horribly distorted, which spells danger not only to investors, but to businesses and their employees as well, because it is impossible to allocate capital efficiently in this financial environment.

With markets everywhere disrupted by interventions from central banks, governments, and their sovereign wealth funds, economic progress is being badly hampered, and therefore so is the ability of anyone to earn the profits required to pay down the highs levels of debt we see today. Money that is invested in bonds and deposited in banks may already be on the way to money-heaven, without complacent investors and depositors realising it. Read More

05.18.16- America: The Future Third World Country
Tom Chatham

The purchasing power of Americans has been unequalled for the past several decades. This has been made possible by the high paying jobs created by our manufacturing sector. These jobs insured a wealthy middle class that could buy anything they wanted.

These high paying jobs meant that some of the wealth created by making things went to the workers. Before long, corporations began working on ways to keep more of that wealth. Enter the free trade agreement. By drafting and passing a number of free trade agreements, the corporations created a way to make their goods cheaper with overseas labor and keep more of the profit for themselves and their Wall Street owners. The deep pockets of the middle class began to dry up. Read More

05.17.16- America: A Nation of Idiots
Michael Covel

Do you support bombing Agrabah?

That’s a poll question posed to American primary voters recently.

And roughly 30% of Republicans and 20% of Democrats replied “yes.”

Why does a sizeable chunk of America want to annihilate the fictional city in Disney’s 1992 film Aladdin?

Simple answer: They are brain dead. Effectively, victims of full frontal lobotomies.

They live in a fantasy… as fake as the made-up city of Agrabah that they want to carpet bomb. Read More

05.16.16- All the King's horses and all the King's men
Johnny Silver Bear

Clowns: the good, the bad, and the evil

The more things change, the more they stay the same. For those of us who have developed the bad habit of prognostication, the more they stay the same.

I have come to the conclusion, after having attempted to absorb the thoughts and prognostications of many highly intelligent people, that there are basically four groups that are involved in determining the future of the US Economy. Some of that determination is a result of either pushing or pulling, although most of it is a result of doing nothing, which is the collective contribution of the largest group. The largest group is made up of the sheeple, with the occasional good and bad clown popping up every now and then. Read More

05.14.16- Penny Mining Stocks...Rick Rule Top Picks
BNN Market Call

Long time mining financier and speculator Rick Rule took the hot seat yesterday afternoon on BNN Market Call to answer viewer questions on precious metals stocks.

Here is my summary of of the last time Rick Rule was on BNN Market Call.

Argonaut Gold – You have had a nice move in Argonaut. Might be wise to take a little money off the table if you have a profit. Lots of risk in the smaller gold companies including Argonaut. Stay in the gold trade. Read More

05.14.16- Penny Mining Stocks...Rick Rule Top Picks
BNN Market Call

Long time mining financier and speculator Rick Rule took the hot seat yesterday afternoon on BNN Market Call to answer viewer questions on precious metals stocks.

Here is my summary of of the last time Rick Rule was on BNN Market Call.

Argonaut Gold – You have had a nice move in Argonaut. Might be wise to take a little money off the table if you have a profit. Lots of risk in the smaller gold companies including Argonaut. Stay in the gold trade. Read More

05.13.16- Macy’s Crushed By Amazon, Italian Banks Crushed By Euro
John Rubino

This is a tale of changing environments and the organisms that are, as a result, dying off.

First, consider the bricks and mortar retailers. Amazon, the dominant online seller of virtually everything, reports a spectacular quarter with soaring sales and (fairly new for them) strong profits. But in a world of flat consumer spending, where families have already used up their savings, their kids’ college funds and the loose change in their sofas to make ends meet, one store’s feast is necessarily another’s famine. And the physical retailers — which require you to actually go to them in order to buy their stuff — now find the water hole dry and the trees barren of leaves. Here’s what Macy’s reported this morning: Read More

05.12.16- Stuck with dangerous dollar dominance
Mike Dolan

LONDON (Reuters) - The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside.

Alarming bouts of volatility in world financial markets over the past 12 months have been rooted in a fear of what happens when a world with its highest-ever peacetime debt pile faces even a hint of higher interest rates.

Despite a constant narrative about U.S. households and banks paying down debts ever since the global credit crash eight years ago, any 'deleveraging' that did happen was more than offset by higher government, corporate and personal debt around the globe in Europe, China and across emerging markets. Read More

05.11.16- With A Historic -150% Net Short Position, Carl Icahn Is Betting On An Imminent Market Collapse
Tyler Durden

Over the past year, based on his increasingly more dour media appearances, billionaire Carl Icahn had been getting progressively more bearish. At first, he was mostly pessimistic about junk bonds, saying last May that "what's even more dangerous than the actual stock market is the high yield market." As the year progressed his pessimism become more acute and in December he said that the "meltdown in high yield is just beginning." It culminated in February when he said on CNBC that a "day of reckoning is coming." Read More

05.10.16- DE-DOLLARIZATION ACCELERATES AS RUSSIA NEARS LAUNCH OF RUBLE-PRICED OlL TRADING PLATFORM…..Jim Sinclair called this an economic Nuke in 2014
IWB

It appears Russia is close to taking the next big step towards de-dollarization and killing the petro-dollar as VladimirPutin’s “dream” of ruble-based pricing of its domestically-produced oil is on the verge of realization. SPIMEX (The St. Petersburg International Mercantile Exchange) is actively courting international oil traders to join its emerging futures market, which as Bloomberg reports, is designed “to create a system where Russian oil is priced and traded in a fair and straightforward way.” Read More

05.09.16- The Bull Market in Stocks May Be Done
Ryan Cristian

It has come to my attention that, perhaps, the great stock bull market is done. To most people, a bull market is good, and its end is bad. After all, a rising market signifies ahealthyeconomy. Investors aremaking money. And it seems to prove that the free market is validated, able to deliver miracles despite Obamacare. Share prices are connected to business productivity, aren’t they?

The Stock Market and the Economy

In a free market they are, of course. However—and this cannot be said too often—we don’t have a free market. We havemonetary policy. This is how our central planners try tostimulateus. They create awealth effect. Read More

05.07.16- Coming Bank Run Will Send Gold to $3,000+
Dan Steinhart

You’re alone in a foreign country, far from your hotel.

You reach in your pocket to grab your wallet. It’s gone…

All your cash, credit cards, and debit cards are in it.

You can’t buy food…or a cab ride…or anything.

You try not to panic. What will you do?

This feeling, multiplied by 1,000, is what a bank run feels like. Read More

05.06.16- Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing
Michael Snyder,

We continue to get more evidence that the U.S. economy has entered a major downturn.  Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last financial crisis.  Well, now we are getting some very depressing numbers from the rail industry.  As you will see below, U.S. rail traffic was down more than 11 percent from a year ago in April.  That is an absolutely catastrophic number, and the U.S. rail industry is feeling an enormous amount of pain right now.  This also tells us that “the real economy” is really slowing down, because less stuff is being shipped by rail all over the nation. Read More

05.05.16- US economy is headed for a recession
Dr. Jack Rasmus, Ph.D

The United States is experiencing its fifth relapse in five years.

This past week the U.S. government announced the contry’s economy rose in the January-March 2016 at a mere 0.5 percent annual growth rate. Since the U.S., unlike other countries, estimates its GDP based on annual rates, that means for the first quarter 2016 the U.S. economy grew by barely 0.1 percent over the previous quarter in late 2015.

Growth this slow indicates the US economy may have “slipped into ‘stall speed’, that is, growth so weak that the economy loses enough momentum and slides into recession”, according to economists at JPMorgan Chase. Read More

The Brink of Economic Collapse? How Did This Happen?
Michael Lombardi

On virtually every alternative news site you visit these days—and many mainstream sites as well—you will find predictions of economic collapse and coming calamity. The bizarre thing is not that these articles exist, but rather that we have somehow adapted to them and taken them in stride. In this essay, I have set out to determine how this came about—how did one of the most developed and educated civilizations in history come so close to the economic brink?

I was especially curious to determine if the core mechanics of demand and supply, the stuff you learn in the first 10 minutes of your very first lecture in Economics 101, were still functioning as they should be… Read More

05.03.16- The End Of America?: 13 Catastrophic Events Which Could Soon Lead To An American Apocalypse
Michael Snyder

Is the strongest and most powerful nation on the planet headed for an apocalypse which will bring it to its knees?  We live in a world that is becoming increasingly unstable, and apocalyptic themes have become very common in books, movies, television shows and video games.  It is almost as if there is an unconscious understanding on a societal level that something very big and very bad is coming, even if the vast majority of the population cannot specifically identify what that is going to be.  Last week, the Global Challenges Foundation released a new report entitled “Global Catastrophic Risks 2016” in which they discussed various apocalyptic events that they believe could wipe out more than 10 percent of the population of our planet, and they warned that these types of events “are more likely than we intuitively think”Read More

05.02.16- What the Heck is Going on With the Dollar and “Fear?”
Wolf Richter

Gold jumped 2.2% on Friday to $1,294.90 an ounce. It’s up nearly 5% for the week and hit the highest price since January 2015.

Silver rose 1.7% on Friday to $17.80 an ounce. During the day, it kissed the highest price since January 2015. It has jumped 15% in April.

The yen, which the Bank of Japan successfully crushed for a while, has re-soared, from ¥126 to the dollar in June last year to ¥112 by last Wednesday morning in Tokyo. At that point, the BOJ announced that it would keep its scorched-earth campaign of negative interest rates and money printing unchanged, rather than adding to it. This disappointed the hedge fund community that had been cocksure that the BOJ would throw more fodder their way. Read More

Copyright © 1996-2016 Silver Bear Communications
Disclaimer & Privacy Statement
Website Design, Hosting , and Maintenance provided by