by John Rubino on April 21, 2015
One of the defining traits of financial bubbles is the willingness of traders and investors to interpret pretty much everything as a buy signal. Rising corporate earnings mean growth, while falling profits mean easier money on the way. War means more revenues for defense contractors and easy money for everyone else. Blizzards means consumer spending will[...]
April 21, 2015
Imagine having a net worth of $57 billion.
That sounds like a lot. And for the few folks out there like Bill Gates, Warren Buffett, and Vladimir Putin who have racked up such a prodigious amount, it is a lot.
But not if you’re the US Federal Reserve.
Just like how individual people can calculate their ‘net worth’ by adding up all of their assets (cash,[...]
I urge you to consider my arguments for investing in gold and silver, and the miners that extract it.
I am holding on to my post 2008 forecast for gold reaching $3-5k per ounce by 2017 (and silver reaching $100) because the world’s largest governments continue their plunge into default, and cannot afford to let interest rates normalize if they don’t want to be forced into a[...]
Financial engineering that preceded the last two financial crises is back, International Monetary Fund warns
An illusion of liquidity has beguiled financial markets across the world and spawned some of the worst excesses seen on Wall Street in modern times, the International Monetary Fund has warned.
Investors are borrowing money to buy shares on the US stockmarket at a torrid pace and are[...]
Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post WWII era.[...]
By Chris Campbell
We have three big announcements for you today…
First: You are no ordinary person. These are no ordinary times. And this is no ordinary episode.
The second: I was just inside the White House yesterday. For reasons I’ll tell you later.
And our third announcement, which I’ll get to in a moment, is even bigger than the first two.
I’ll announce it in just a moment.
For the past five months, we’ve been writing in the DR’s email edition, about the danger debt and derivatives tied to the U.S. shale gale posed while crude oil lingers in the $40-60 range.
We had occasion to ask Rick Rule about this thesis and more recently.
Rick needs no introduction. He’s founder of Sprott’s U.S. Global Holdings and is considered one of the most able natural resource[...]
By Sue Chang
SAN FRANCISCO (MarketWatch) — Judging by the gloomy commentary and headlines, there isn’t much cause to recommend gold as an investment option in the near term--a far cry from 2013 when some analysts had boldly predicted that gold would trade at $2,000.
That exuberance hasn’t been justified, so far. Gold for June delivery GCM5, +0.64% was looking to snap a three-day losing [...]
With continued uncertainty in global markets, today a 50-year market veteran warned King World News that people should not believe the Western mainstream media because this crisis has now become incredibly dangerous. He also discussed the coming theft of people's money by Western governments.
John Embry: “I must say that the current news in virtually all areas must be very troubling for[...]
Legendary hedge fund manager Julian Robertson, who has been conspicuously absent from CNBC in recent months, spoke with Fox Business' Maria Bartiromo about his take on markets. He was hardly bullish, which may explain his absence from the cadre of CNBC bubble cheerleaders.
Robertson (in addition to some generic comments on the weather impacting the jobs numbers: apparently the weather only[...]