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BY JOHN MAULDIN All good things come to an end, even economic growth cycles. The present one is getting long in the tooth. While it doesn’t have to end now, it will eventually end. And signs suggest we are coming to that point. There’s no doubt—none, zero, zip—this will happen. The main question is when. Just a … Read more
by Lance Roberts Not surprisingly, my recent article on “The Important Role Of Recessions” led to more than just a bit of debate on why “this time is different.” The running theme in the debate was that debt really isn’t an issue as long as our neighbors are willing to support continued fiscal largesse. As I have pointed out … Read more
via NZ Herald: The underlying economic troubles in emerging markets surfaced recently with Turkey, Argentina and India making headlines as their markets tumbled. Meanwhile, trade tensions between China and the United States have brought an even more cautious tone across international markets. While the New Zealand stock market has been able to navigate most of these … Read more
via interest.co.nz: The next economic crisis is closer than you think. But what you should really worry about is what comes after: in the current social, political, and technological landscape, a prolonged economic crisis, combined with rising income inequality, could well escalate into a major global military conflict. The 2008-09 global financial crisis almost bankrupted governments … Read more
via Zerohedge: “Get used to this kind of volatility,” warns Hussman Funds’ John Hussman in his latest comment. “Unfortunately, the moment interest rates hit zero, [historical risk and valuation] limits vanished, and preemptively responding to speculative extremes became terrifically detrimental.” “Presently, neither valuations nor internals are favorable, and that is what opens up a trap door under the market.” Goldman agrees, … Read more
TRANSCRIPT AND RESOURCES: http://www.corbettreport.com/federalr… What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back … Read more
by FxProNews The American dollar has been showing growth during the last four weeks, managing to return to the annual highs area. After all, it had closed the Friday session at the highest level in 16 months. Despite the drawdown at the beginning of the week, caused by the traditional pressure on the currency due to … Read more
by ogordained UNITED STATES University of Michigan Consumer Sentiment Index remains robust (Actual 98.3 | Expected 98.0) But consumers are putting off purchases of cars and homes And expect inflation to remain low CFO’s have reeled back their expected investments for the next 12 months Regional Fed surveys show new orders dropping off sharply, a sign of slowing business investment OTHER Global shipping activity is pointing to a weakening in demand Natural gas is prices … Read more
WSJ: “U.S. on a Course to Spend More on Debt Than Defense” Merely paying interest on our titanic federal debt will eventually consume the nation’s budget whole: “It will spend more on interest than it spends on Medicaid in 2020; more in 2023 than it spends on national defense; and more in 2025 than it … Read more
When everyone is deemed too systemically important to be allowed to fail: Former Fed Chair Ben Bernanke, the primary architect of the current Fed-debt debacle, is arguing the Fed doesn’t have enough power to lend to shadow banks and other non-bank institutions. via yahoo: With the financial crisis now 10 years in the rearview mirror, … Read more
Economy & Markets – Facebook, Released on 11/9/18 With real estate starting to crack in Australia, Harry Dent returns for his latest tour earlier than expected. Declining numbers across the country is a very big deal for several reasons which Harry details in his latest video… *If the volume isn’t working, click the volume icon … Read more
by John Coumarianos We’ve all been conditioned to think the balanced portfolio is a touchstone of investing. For many investors, it provides enough exposure to the stock market (60%) to produce a healthy return and enough exposure to the bond market (40%) to provide ballast and a little income to a portfolio. Along the way, … Read more
via Jeremiah Johnson: Ready Nutrition readers, this piece stresses the importance of finding drinking vessels that will not leach chemicals out of their very walls and poison you. Yeah! Sounds problematic, doesn’t it? Well, it is. BPAs (Bisphenol-A, a chemical used in plastics for the past 60 years). BPAs are found in both epoxy (used in food cans … Read more
$DXY hitting new 52 week high…can you hear it 👂…liquidity is leaving the system…😳 pic.twitter.com/cyRCLmWTEC — Edward Dowd (@DowdEdward) November 12, 2018 Chart: The fed funds rate is nearing the interest rate on excess reserves (IOER) – pic.twitter.com/UU7A1ooTCu — (((The Daily Shot))) (@SoberLook) November 9, 2018 S&P 500 earnings and the dollar: https://t.co/Ab1LBDXBhY via @SoberLook … Read more
by Michael Snyder It is really happening. At one time, the idea that large numbers of people would willingly allow themselves to have microchips implanted into their hands seemed a bit crazy, but now it has become a reality. Thousands of tech enthusiasts all across Europe have already had microchips implanted, and now a Swedish company … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Despite intense public pressure from President Trump, the Fed is getting increasingly hawkish on interest rates and the QE unwind. But in another, even more important area, the Fed has totally caved. Has the Fed made a deal with Trump? Like: We rule over here, and in return, you get what … Read more
by Michael Snyder California has been absolutely devastated by horrific wildfires in recent years, but the state has never seen anything quite like this. At this moment, three major wildfires are raging, and the Camp Fire in Butte County is already officially the most destructive wildfire in California history. Thousands of firefighters are desperately trying … Read more
by Daisy Luther The news outlets are making much ado over the fact that a list of celebrities had to evacuate their homes in Malibu due to a wildfire and that some of those homes are lost. But fires are raging in many other areas where there aren’t any movies stars, and regular people like … Read more
by Shaun Richards This morning brings us back to what has been a regular topic in 2018 which has been the US Dollar. Let’s look at it from the perspective of the sub-continent. The rupee weakened further and dipped by 54 paise to 73.04 against the US dollar Monday, owing to increased demand for the … Read more
by Adam Hamilton of Zeal LLC The widely-held mega-cap stocks that dominate the US markets are just wrapping up another blockbuster earnings season. Sales and profits soared largely due to Republicans’ massive corporate tax cuts. Still these lofty stock markets are vulnerable to serious downside, as October’s brutal plunge proved. Such extreme revenue and earnings growth cannot persist, … Read more