"This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist," warns renowned trader Paul Tudor Jones during his recent TED Talks speech, as he addressed the question - can capital be just? Hoping to expand the "narrow definitions of capitalism," that threaten the underpinnings of society, Tudor Jones exclaims, "we're in the middle of [...]
Tag: deflation
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis
If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis. If you go back to 2007, people were feeling really good about things. Houses were being flipped like crazy, the stock market [...]
The Age Of Money And The Federal Reserve’s Secret Plan
As people continue to digest information relating to the Fed meeting, today the Godfather of newsletter writers, 90-year-old Richard Russell, discussed "The Age of Money" and the Federal Reserve's secret plan. Richard Russell: "I read with interest Vanity Fair’s letter to its readers. The editor asked if we could put a name and age to the world we live in. He suggested we call it "The Age of [...]
The Market Collapse Investors Won’t Expect – Jim Rickards with Video
Ed. Note: Jim Rickards has just released a brand-new book, “The Big Drop: How to Grow Your Wealth During the Coming Collapse.” You won’t find it in bookstores — it’s available exclusively for readers of his monthly investment letter, Strategic Intelligence. But this message is so important, we’re offering Daily Reckoning readers a chance to get a copy — free of charge. If you’re[...]
Housing Starts Collapse Most In 8 Years To 18 Month Lows
Housing Recovery? Yellen, we have a problem. Housing Starts for February collapsed 17% - this is the biggest MoM percentage drop since February 2011, and at -184K units down, this was the single biggest monthly decline in absolute terms since January 2007! At 897k SAAR, this is the first sub-900k print since September 2013 and biggest miss since Feb 2007. Multi-family starts are the lowest since[...]
Central Bankers Move To Protect Themselves Ahead Of Historic Global Crash! – Richard Russell
As people continue to digest breaking news out of Greece and Ukraine, today the Godfather of newsletter writers, 90-year-old Richard Russell, warned central bankers are now moving to protect themselves ahead of a historic global crash. Richard Russell: "Everybody and his brother are talking about when the Fed may raise rates, but few are talking about why the Fed may raise rates. But Richard[...]
The Coming Wave of Creative Destruction – Martin Armstrong
QUESTION: You have said that we are in the middle of a shift in the economy similar to the Great Depression where agriculture crashed from 40% to 3% and this time it is government and technology. It seems that your warning of also moving to an electronic currency fits with your new age of skilled labor. So is this indeed part of your shift from the West to Asia? ANSWER: Yes. It was that shift[...]
Investors Still Aren’t Fully Awake to this Dollar Nightmare Yet – MarketWatch
By Shawn Langlois We are back on “patient” watch this week, with the Fed’s potential market-rattling precursor to a rate hike due midweek. Our call of the day predicts that, for now, “patient” will remain in the script and the Fed won’t be rocking the boat on interest rates (more on that below). Market behavior says: “I’m not so sure.” Volatility has been on the rise, and[...]
What Will Happen to You When the Dollar Collapses?
by Jeff Thomas Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. The greater the level of debt, the more dramatic the inflation must be to counter it.[...]
Three Catalysts for the Price of Gold
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 about [...]