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Josh Sigurdson talks with author and economic analyst John Sneisen as several Latin American currencies plummet! This is no surprise as all fiat currencies eventually revert to their true value of zero as they have since 1024 AD in China every single time. Still, it’s shocking a lot of people. We’ve recently reported on the … Read more
by Kimble Charting CLICK ON CHART TO ENLARGE Above compares the Pimco High Yield Fund (PHDAX) to the S&P 500 over the past 20-years. Junk bonds diverged from the S&P 500 for nearly 24-months, prior to stocks peaking in 2000. Junk bonds diverged from the S&P 500 for nearly 7-months, prior to stocks peaking in 2007. Junk bonds have been … Read more
The report says the US will be a net exporter of oil until at least 2049, never thought I’d see the day. https://www.eia.gov/outlooks/aeo/pdf/AEO2018.pdf The oil market has changed a lot over the past decade. Here, for example, is the latest data on U.S. imports and exports of crude oil and petroleum products, released by the Energy Information Administration at … Read more
by GoldSilver Join Mike Maloney as he analyzes the massive unintended consequences caused by the current foray into trade wars and tariffs. You can watch Mike’s previous warnings about these actions on this playlist.
Official US government statistics currently count only 12% of the able-bodied, unemployed adult workforce as “unemployed.” Been out of the workforce for over 6 months because you can’t find a job? Congratulations! You’re no longer “unemployed”! And oh yeah, we also totally screwed up our own rigged calculations for the past 7 years. https://www.bls.gov/bls/errata/jolts-errata-06122018.htm
by Doug Kass Peak Housing, Peak Autos, a Pivot in Monetary Policy Spell Peak Global GDP and an Economic Slowdown in late 2018 and in 2019 Watch the Fixed-Income Markets (and the flattening yield curve) That Are Providing the “Tell” that Slower Growth Lies Ahead The Buzz of Synchronized Global Growth Has Faded What Makes … Read more
“Hillary Clinton clearly got a pass by the FBI. We have the unfortunate situation where they then decided they were going to frame Donald Trump” concerning the Rigged Witch Hunt. JOE DIGENOVA, former U.S. Attorney. https://twitter.com/realDonaldTrump
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Russia, Japan, and the Fed dumped, China hung in there…. But who bought? “Official” foreign investors – this would be central banks, governments, etc. – and private-sector foreign investors held $6.21 trillion of US Treasury Securities at the end of June, up by $61 billion from a year earlier, according to … Read more
by Michael Snyder We haven’t seen carnage like this in the global financial marketplace in quite some time. On Wednesday, U.S. stocks were down some, but things were much, much worse around the rest of the world. Global banking stocks are plunging, emerging market stocks are cratering, and emerging market currencies continue their stunning decline. This represents … Read more
From Frank Holmes at Frank Talk: Gold can’t seem to catch a break. The yellow metal normally acts as a safe haven in times of political and economic strife, but in the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar. On Monday, the stronger greenback pushed gold to end below … Read more
by Brandon Smith of Alt-Market The mainstream news has been awash lately in talk over the danger of economic “contagion,” primarily due to lack of dollar liquidity in emerging markets. This lack of liquidity is being pegged as a trigger for instability in stocks, bonds and forex markets around the world, and this time around it is the … Read more
Copper futures for September delivery fall to as low as $2.552 per pound, their lowest level since June 2017. Disappointing Chinese data and a strong dollar are among the factors pressuring the industrial metal. Tom Essaye, founder of the Sevens Report, says copper’s decline could also signal a volatility spike in risk assets like equities. … Read more
by Fabius Maximus Summary: This is a picture of modern America politics, a summary of my scores of posts describing how both Left and Right have turned against us. We can still regain control, but the clock is running. “… the preservation of the sacred fire of liberty, and the destiny of the Republican model of … Read more
From Birch Gold Group No surprise to anyone, the United States is in debt. Of the last 64 years, the U.S. has run a budget deficit for 62 of them. According to Newsmax, it seems like 2018 will be a year of U.S. debt records: Through the first 10 months of this year, revenues have totaled $2.77 … Read more
by Jon Hall, Free Market Shooter In two instances within the past month, the mainstream media has been caught engaging in a total media blackout. Late last month, news that California Democratic Senator Dianne Feinstein unknowingly allowed a Chinese spy to infiltrate her office broke online. Notably, Feinstein’s spy also worked as her personal driver for nearly 20 years. … Read more
from Zero Hedge Total household debt hit a new record high, rising by $82 billion to $13.29 trillion in Q2 of 2018, 3.5% higher than a year earlier according to the NY Fed’s latest household debt report. It was the 16th consecutive quarter with an increase in household debt, and the total is now $618 billion higher … Read more
by jessefelder Over the past few weeks the Nasdaq has triggered a total of five Hindenburg Omens. As I wrote back in November, the last time the Nasdaq saw a cluster of signals like this, “The ‘Hindenburg Omen’ was developed by Jim Miekka as a warning of a stock market crash. While it’s not very effective in … Read more
by Jeremiah Johnson Six large new wildfires erupted in the United States, pushing the number of major active blazes nationwide to over 100, with more expected to break out sparked by lightning strikes on bone-dry terrain, authorities said on Saturday… and more are expected.” – New York Times The fire season has been in full force for … Read more
via Kevin Muir Wild day in the markets. Emerging markets are getting crushed like a 1980s teenage nerd asking the head cheerleader to prom. As I write this, the EEM ETF is down roughly 3% on the day, and down more than 7% over the past week. We’re past some simple mid-summer-illiquid shenanigans and definitely into … Read more
