Trump fires Bannon; stocks rebound on the news, then retreat. Virginia cleaning up after weekend of civil unrest while Washington debates the Civil War. Bitcoin breaks $4,400, gold and silver retreat on Bannon news. Trump Russia probe expands to campaign aides. Best Of The Web Crisis of confidence – Credit Bubble Bulletin We need […]
Top Ten Videos — August 18
“We’re maxed out and stocks are ready to roll over.” Big money pouring into gold. Free speech vs the thought police.
High-Profile Sectors Start To Roll Over
Long credit cycles like the current one always end with a crash. But first they deteriorate. The headline numbers remain positive while under the surface a growing list of sectors start to falter. It’s only when the latter reach a critical mass that market psychology turns dark. How far along is this process today? Pretty […]
Social Media Teaches Neo-Nazis — And Everyone Else — An Important Lesson
The white supremacists who descended on Charlottesville, VA last weekend seem to have forgotten why their grandpappies wore hoods on such occasions: If regular folks find out you’re crazy, they tend not to like you as much. Combine those exposed neo-Nazi faces with ubiquitous smart phones and the result is the mass-outing of hundreds of […]
Really Bad Ideas, Part 3: Government Debt Isn’t Actually Debt
The failure of fiat currency and fractional reserve banking to produce a government-managed utopia is generating very few mea culpas, but lots of rationalizations. Strangest of all these rationalizations might be the notion that government debt is not really a liability, but an asset. Where personal and business loans are bad if taken to excess, […]
Dumb – And Dumber — Money Keeps Pouring In
Someday, stock, bond and real estate valuations will matter again. And the mechanism by which this return to sanity is achieved will probably be the torrent of money now flowing in from people who, for various reasons, don’t care about (or understand) the prices they’re paying. Millennials, for instance, seem to have reached the “beginners’ […]
Ron Rosen: The Dollar And Equities Will Plunge Together – While Gold Spikes
The dollar has been falling lately, which isn’t what a lot of people expected with the Fed being the only major central bank that’s raising interest rates. Higher yields on dollar balances should, according to basic economics, have attracted foreign capital to Treasury paper, thus putting upward pressure on the dollar. Didn’t happen though. The […]
The Perfect Crash Indicator Is Flashing Red
What’s the last big toy you buy when things have been good for a really long time and you already have all the other toys? An RV, of course. A dubious thing to own if you already have a house, but when the good times seem likely to roll on forever, why the hell not? […]
If Politics Seem Messy Now, Just Wait
It’s already widely understood that the electronic voting machines used by a growing number of US states are easy to hack. But just how easy may not be clear. Consider this from today’s Wall Street Journal: Hacker Cracks Voting Machine in Less Than 2 Hours LAS VEGAS—A touch-screen voting machine used in a 2014 election […]
Ah, To Be A Fly On The Wall At The Next White House Staff Meeting
Just when you thought US politics couldn’t get any darker – what with the president openly musing about firing the attorney general who is investigating the president’s campaign – in comes new communications director Anthony Scaramucci, with a, ahem, unique critique of his new coworkers: Scaramucci calls Priebus a ‘paranoid schizophrenic’ (Fox News) – Anthony […]
Money Is Money, Wherever It Comes From
One of the crucial things to understand about today’s world is that money is fungible. Whether it’s created in Japan, Europe, China or the US, once it’s tossed by a central bank into one or another part of the global economy, it eventually finds its way to a common pool of liquidity. So the modest […]
COT Report Gets Even More Favorable For Gold And Silver
Just a quick, happy update on the gold/silver COT reports. See last week’s post for a little more background. Speculators are running scared in the paper precious metals markets. And that’s a good thing. The past few months’ correction has finally led hedge funds and other technical/momentum traders to shed their long positions and load […]
Speculators Sour On Gold And silver, Which Means The Bottom Is Near
The stars — in the form of smart and dumb money futures contract positions — have once again lined up favorably for precious metals. Here are those positions for gold and silver as of Tuesday the 4th. Notice that speculators (the dumb money) got a lot less optimistic — that is, less long and more […]
Car Sales Have A Long Way To Fall
The past decade’s historically low interest rates convinced millions of Americans to buy cars they could only afford with hyper-cheap credit. This made auto sales one of the drivers of the recovery, but it also left far too many people with underwater “car mortgages” that will limit their spending on other things and prevent them […]
Welcome To The Third World, Part 24: Illinois About To Default?
The train wreck that is the state of Illinois has generated a lot of questions lately, including “Will its government ever pass a budget?”, “Will it ever pay its overdue bills?”, and “Is it possible for a state to go bankrupt?” Looks like we’re about to get some answers to these questions, along with one […]
- 1
- 2
- 3
- …
- 56
- Next Page »