Treasury Yields Tumble to Lowest Since June as Stocks Sink
As bond yields began to tumble, so stocks rolled over and VIX jerked above 10…
10Y Yields have retraced exactly 50% of the post-hawkish-Draghi swing higher…
Notably UST bonds relationship to Bunds has broken down in the last week…
US dollar falls to10-month low on doubts Fed will raise rates in 2017
Bets up that Federal Reserve is done increasing US interest rates
The US dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year.
GINGRICH: Boost Economy or Face Cataclysmic Losses in 2018
Former House Speaker Newt Gingrich issued a dire warning to Republicans on Monday: Improve the economy or face cataclysmic losses in 2018. How bad?
— Fox News (@FoxNews) July 18, 2017
Import Prices Dip as Expected, Export Prices Unexpectedly Dip: GDP and Forex Analysis
The BLS’ Import and Export Price Report for June shows Import and Exports prices both declined 0.2% from May. Econoday economists called import prices correctly but expected export prices would be flat.
Corporate Tax Chart
Ron Paul Warns “Central Bankers Are Always Wrong…Especially Before A Bust”
The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen’s assurances that there won’t be another major crisis in our lifetime, the next economy-cratering fiat-currency crash could happen as soon as next month, Paul said during an interview with Josh Sigurdson of World Alternative media. Paul and Sigurdson also discussed false flag attacks, the dawn of a cashless society and the dangers of monetizing national debt.
Paul started by saying Yellen’s attitude scares him because “central bankers are always wrong – especially before a bust.”
“There is a subjective element to when people lose confidence, and when is the day going to come when people realize we’re dealing with money that has no intrinsic value to it, we’re dealing with too much debt, too much bad investment and it will come to an end. Something that’s too good to believe usually is and it usually ends. One thing’s for sure, we’re getting closer every day and the crash might come this year, but it might come in a year or two.”
“The real test is can it sustain unbelievable deficit financing and the accumulation of debt and it can’t. You can’t run a world like this, if that were the case Americans could just sit back and say “hey, everybody wants our money and will take our money.”
Paul advised that, for those who are already girding for the crash by buying gold and silver and stocking their basements with provisions like canned food and bottled water, the rewards for their foresight will only grow with the passage of time.
“Actually, the longer it takes to hit, the better it is for us. The more we can get prepared personally, as well as warn other people, about what’s coming.”
“It’s a sign that the authoritarians are clinging to power so they can collect the revenues collect the taxes and make sure you’re not getting around the system. That’s what the cashless society is all about. But it won’t work in fact it might be the precipitating factor that people will eventually lose confidence when the crisis hits. They say the crisis hasn’t come – welI in 2008 and 2009 we had a pretty major crisis and what we learned there is that the middle class got wiped out and the poor people got poorer and now there’s a lot of wealth going on but it’s still accumulating to the wealthy individual.”
“People say it might not come for another ten years – well we don’t know whether that’s necessary but one thing that’s for sure when a government embarks on deficit financing and then monetizing the debt the value of commodities like gold and silver generally goes up.
Early Warning Charts: BUBBLES POPPING