Brandon Smith: The Central Banks Are The Real Culprit For The Latest Economic Contagion

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 enters a bear market, raising red flag about a possible global economic slowdown

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

MEDIA BLACKOUT: Broadcast News Covers Up Feinstein’s Chinese Spy Scandal, Ignores Jim Jordan’s Accuser Recanting Claim

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

The Nasdaq Triggers Another Breadth Warning

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

Emerging Market Contagion

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

On August 22, 2018, this current bull market will top the 1990s bull market as the longest ever

by gorillaz0e Graph of this issue: https://pbs.twimg.com/media/DkhnNycUwAAPNIh.jpg:large Don’t look now, but on August 22, 2018, this current bull market will top the 1990s bull market as the longest ever. However, be aware that the 1990s bull market saw the S&P 500 Index gain 417%, while the current bull market is up approximately 320%—so you can’t call … Read more

Tencent profit falls for the first time in nearly 13 years as gaming unit suffers regulatory scrutiny

Tencent reports second-quarter earnings Wednesday. Analysts expect a slowdown in revenue growth. The online gaming business is a concern after Chinese regulators have clamped down on the industry and even ordered Tencent to stop selling a popular game called “Monster Hunter: World.” Tencent reported second-quarter earnings that missed analyst expectations on Wednesday with increased Chinese regulatory … Read more

Price inflation, the sinister byproduct of printing more and more fiat currency (which is the literal definition of ‘inflation’), means that even though the average US hourly wage has risen from about $4 in 1971 to $22.65 today, in actually buys less.

via pewresearch: On the face of it, these should be heady times for American workers. U.S. unemployment is as low as it’s been in nearly two decades (3.9% as of July) and the nation’s private-sector employers have been adding jobs for 101 straight months – 19.5 million since the Great Recession-related cuts finally abated in early … Read more

The Central Bankers Are Up To Something

IMF says Spain needs 5 million migrants to pay pensions, what about all the youths that are not working. US household debt hit 13.3 trillion dollars, nothing to worry about. Retail sector rebound with a revision to last month data and the increase in gasoline price. US production slows. Why are the banks getting rid … Read more

TODAY STRAWS, TOMORROW BALLOONS?

via powerlineblog: Did you think leftist do-gooders would stop after getting plastic straws banned in a variety of locations? Of course not! Next up, balloons: Now that plastic straws may be headed for extinction, could Americans’ love of balloons be deflated? The joyous celebration of releasing balloons into the air has long bothered environmentalists, who say the … Read more

ECB Panics – Tells Banks to Stop Converting to Dollars

by Martin Armstrong The European Central Bank is instructing banks to restrict the conversion of Euros to dollars. The Euro has fallen to 113006. Once again, the dangerous game here is when we cross that line of demarcation between CONFIDENCE in government and the REALIZATION that there is nobody in control but the free markets. Once all the talk … Read more