By David Stockman What we are now seeing, including within Japan, is its rotten harvest. Japanese Industrial Production, maybe the best economic reflation/deflation indicator the last eleven years, continues to sink a quarter of the way through 2019. For those hoping green shoots or growth scare, in March 2019, according to figures released late last … Read more
by northmantrader Occam’s Razor: The simplest explanation is often the best explanation. In this case: The Fed panicked in December and by caving to markets reignited the bubble in a major way and now they are losing control as they are trapped and twisted in their own narratives. No rate hikes until 2020 but markets are … Read more
by Simon Black At the peak of its power in 1350 BC, thousands of years ago, ancient Egypt was like nothing ever seen before. The great Kingdom was thriving under an efficient system of agricultural production and trade with foreign nations. Egyptians had learned to adapt to the natural irrigation of the Nile river to produce … Read more
by Jim Rickards of Daily Reckoning GDP: Fake News The first-quarter GDP number was released this morning. And at 3.2%, it came in far above estimates. Consensus was about 2.3%. It was also the highest Q1 GDP print since 2015. But there’s probably less here than meets the eye. About half the GDP gain came from a surge … Read more
via Zerohedge: The last time we did a closer look at China’s bad debt, a topic that has been particularly sensitive for an economy whose financial sector is now over $40 trillion, was in late 2015 when CLSA stumbled on what we then dubbed China’s “neutron bomb”: Chinese banks’ bad debts ratio could be as high 8.1% a … Read more
BY JOHN RUBINO There’s a lively debate out there over the size of the Everything Bubble. In the following excerpt, money manager Michael Pento concludes that this bubble both histocially huge and soon to be popped. When Overvalued And Dangerous Markets Meet Stagflation To put into perspective how overvalued and dangerous the US market has become; I often … Read more
By Nick Cunningham The oil price rally has ground to a halt as investors pull back, Trump promises a flood of OPEC oil, and the global economy shows some signs of slowing down. Washington’s “maximum pressure” campaign led to a spike in oil prices only a week ago, but prices crashed on Friday after Trump tweeted that … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold to break out of slump and test 2018 highs, silver’s day is coming and you won’t want to miss it, and central banks in Russia, China and India want more gold. Gold Will … Read more
I just ran across this by accident and it’s been ongoing since 2004. It was noticed during the BP Oil Spill and they still haven’t capped the sucker. 🙁 https://en.wikipedia.org/wiki/Taylor_oil_spill The 2004 Taylor oil spill is an ongoing spill located in the Gulf of Mexico, around 11 miles (18 km) off the coast of the … Read more