By Michael Snyder When an economic crisis is coming, there are usually certain indicators that appear in advance. For example, commodity prices usually start to plunge before a recession begins. And as you can see from the Bloomberg Commodity Index which you can find right here, this has already been happening. In addition, I have previously written about how the U.S. dollar went on a great run[...]
Category: News
This Centerpiece Of China’s Plans For World Domination Will Shock People In The West
Today one of the top money managers in the world warned King World News about earth-shaking events that are taking place in the East. He also discussed the centerpiece of China's plans for world domination that will shock people in the West. Stephen Leeb: “Eric, as you know, for quite some time I have focused on East vs West and the East is really kicking our rears right now. The[...]
Australia Wants to Tax Bank Deposits. Does Anyone Think the US Won’t?
bySimon BlackonApril 1, 2015 Several months ago, the government of Australia proposed to tax bank deposits up to $250,000 at a rate of 0.05% (5 basis points). Their idea was for the money to be invested in a rainy day Financial Stabilization Fund to insure against in the unlikely event of a banking crisis… or all-out collapse. And as of this morning, it looks like the levy might just pass and[...]
50-Year Veteran Warns A Huge Game-Changer Is About To Strike
With stock markets weaker across the globe, today a 50-year market veteran warned King World News that a huge game-changer is about to strike. He also discussed the truth about what is really happening around the world. John Embry: “Yesterday we saw a surge in stocks and a smash in gold. The interesting thing was the supposed reason for the surge in stocks was related to discussion of possible [...]
The Stock Market’s Unnatural Natural Logarithm
This story does not end well. Just ask Bill Miller. Remember Legg Mason’s Bill Miller? His claim to fame was that he beat the S&P 500 for 15 years in a row. In year 16 (2000), he got slaughtered so badly that his 16-year ROR went well below the S&P 500 ROR over 16 years. (Thanks to John Titus - Best Evidence – for reminding about the Bill Miller story) All Bill Miller did was heavily [...]
Beware the Money Illusion Coming to Destroy Your Wealth
By James Rickards Editor’s Note: Jim Rickards has published a third book entitled “The Big Drop: How to Grow Your Wealth During the Coming Collapse.” It’s available exclusively for readers of his monthly investment letter called Strategic Intelligence. Before you read today’s essay, please click here to see why it’s the resource every investor should have if they’re concerned[...]
“Earnings Estimates Haven’t Declined By This Much Since The Financial Crisis”
by David Kranzler Investment Research Dynamics All ten sectors [of the S&P 500] have recorded a decline in expected earnings growth since the beginning of the quarter due to downward revisions to earnings estimates… – John Butters, FactSet I guess declining earnings estimates for America’s biggest companies are the perfect reason for the S&P 500 to have popped 1.22% today.[...]
Experts Fear World May Be Headed for Yet Another Financial Crisis
By Dan Weil Only six years after the end of the worst financial crisis since the 1930s some experts are worried another one may be on its way.Some are "warning that the global community has failed to learn the lessons of the Greek debt crisis — or even of Argentina’s default in 2001, the consequences of which are still being contested furiously in courts on both sides of the[...]
Russia joins China-led Asian Bank
Beijing’s staunch ally, Russia, on Saturday announced its decision to join the China-led Asian Infrastructure Investment Bank, the latest in the growing list of countries applying for membership, including US allies in the European Union. Russian Deputy Prime Minister Igor Shuvalov, at the 2015 annual conference of the Boao Forum for Asia in the coastal town of China’s southern island[...]
Australia To Start Taxing Bank Deposits….You Next?
Up until now, the world's descent into the NIRPy twilight of fiat currency was a function of failing monetary policy around the globe as central bank after desperate central bank implemented negative and even more negative (in the case of Denmark some four times rapid succession) rates, hoping to make saving so prohibitive consumers would have no choice but to spend the fruits of their labor, or[...]