Month: July 2018

by Geoffrey Grider Former President Barack Obama is diving into politics once again by appearing in a video warning against the supposed damaging effects of partisan gerrymandering and calling on voters to politicians who support his idea of “fair” redistricting maps. Ah, the dynamic duo of Barack Obama and Eric Holder have resurfaced. You remember them, right? They rose to … Read more

#FANG STOCKS Am I missing something?   The fair value calculated by discounted cash flow   Shiller P/E or overall P/B ratios are also that high :: what longtime worldwide QE‘s can do Despite the acceleration in U.S. growth, real earnings have steadily fallen since 2015. Real earnings refers to the growth in average hourly earnings … Read more

by Jeff Clark, Senior Precious Metals Analyst, GoldSilver  In case you’re unfamiliar with the 1966 movie The Russians Are Coming!, it’s a fun romp about a Russian submarine that accidentally runs aground off the New England coast during the Cold War and the local residents who panic and think they’re being invaded. I remember laughing a … Read more

via thejewelerblog: On July 15, after a full month of heart-thumping competition, the members of a single national team will emerge as champions and experience one of the ultimate thrills in professional sports — raising aloft the 18-karat gold FIFA World Cup Trophy. Four years ago in Brazil, that honor went to the soccer team from … Read more

via CNBC Some money managers are increasingly nervous about an upcoming recession amid higher interest rates and tighter credit availability. “It’s a classical late cycle story. So, when I was here last time, I said we were long and nervous. We are no longer long, we are increasingly nervous about this,” Roelof Salomons, chief strategist … Read more

China Coal Firm With AAA Rating Has Bonds Yielding Over 300% 69 companies spanning the globe have boosted their debt levels by 50% or more in the past 5 years and now have at least $5b of debt. Together, they’re sitting on almost $1.2 trillion of bonds and loans, most of it rated junk. Titans … Read more

Why what happens in the US+China+Japan really matters (chart)….why US nat’l debt going from $10–>$21T, China $7T–>$34T and Japan’c central bank’s balance sheet going from 30% to 100% of GDP matters. 3 largest economics in world running on PONZI finance is ~NOT~ a good thing: Healthy organic recoveries DON’T require $15T in QE + 0% … Read more

Alarm Bells: Copper & Oil Crash #OOTT pic.twitter.com/pacPGR56vT — Alastair (@StockBoardAsset) July 11, 2018 Copper has now lost 1/4 of its value in a month.. Zinc near 30% of value gone now..Nickel near 20%…. This is looking like one of the fastest global economic slow downs since 2008…. its happening fast..   Bloodbath: Oil Plummets … Read more

via RT Expect big problems with the global economy as the trade conflict between the United States and China escalates, predicts veteran investor Mark Mobius. There’s no question we’ll see a financial crisis sooner or later because we must remember we’re coming off from a period of cheap money. “There’s going to be a real … Read more

via pjmedia: WASHINGTON — Senate Democrats vowed today to try to use deep investigation and grassroots activism to stop President Trump’s pick for the Supreme Court as federal appeals court judge Brett Kavanaugh began making the rounds on Capitol Hill to meet GOP lawmakers. Senate Minority Leader Chuck Schumer (D-N.Y.) declared in a press conference in front … Read more

by Michael Snyder It is exceedingly difficult to be optimistic about the future of our nation when you see poll numbers like this.  The Pew Research Center recently conducted a survey in which they asked Americans to name the president that has “done the best job in your lifetime”.  You would think that Ronald Reagan would be … Read more

by Michael Snyder In a way, I feel very sorry for Brett Kavanaugh right now.  This Senate confirmation process is going to be like going to a proctologist every single day for weeks on end.  Investigators are going to go over everything that he has ever done with a fine-toothed comb, and anything that is … Read more

via Forex Live There are two things that have been giving added support for a flatter yield curve so far this year, one is the Fed continuing to tighten and the second being the trade tensions. The closer we are to a flat or an inverted yield curve, it strokes the R-word on every one’s … Read more

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Even the last doves are coming around to more rate hikes. “In June, most of the rise in the index for final demand is attributable to a 0.4-percent advance in prices for final demand services,” said the Bureau of Labor Statistics in the release of its Producer Price Index data. The … Read more