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[...]
Tag: economic collapse
It Just Happened: “The Moment the United States Lost its Role as the Underwriter of the Global Economic System.”
bySimon BlackonApril 6, 2015 Last week, the government of China closed the enrollment window to join its new Asian Infrastructure Investment Bank (AIIB) as a ‘founding member’. The AIIB, if you haven’t heard of this yet, is designed to essentially displace the Western-controlled IMF and World Bank. And prior to last Tuesday’s deadline, dozens of nations around the world from New Zealand[...]
5 Charts Which Show That The Next Economic Crash Is Dead Ahead
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[...]
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 [...]
“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[...]
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[...]
Fed’s Yellen Says Rate Hikes—But Not Too Many—Are Coming
By Greg Robb WASHINGTON (MarketWatch)—Federal Reserve Chairwoman Janet Yellen on Friday channeled her inner Mary Poppins, giving markets a spoonful of sugar while delivering the message that an increase in interest rates is coming soon. “I expect that conditions may warrant an increase in the federal funds rate target sometime this year,” Yellen told a conference sponsored by the San[...]
As Major Cracks Appear In The Global Financial System, It’s Everyone, Every Currency And Every Central Bank For Itself
By John Ing of Maison Placements March 24 (King World News) – Much is made of America’s economy becoming one of the fastest growing economies in the world. It is all relative. Debt has grown even faster. The US dollar too has soared relative to other currencies, thanks in part to a relatively better economic recovery and of course the trillions from the Fed’s bond buying program. However, [...]