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“World On Verge Of Spinning Out Of Control”
Financial writer John Rubino says gold is at new all-time highs, silver is vaulting upward and there is no end in sight for the massive money printing around the world. Rubino say’s if you look deeper, you can see the “real message” in the unfolding events. Rubino explains, “It’s fun to be…
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Blain: Excess Liquidity Is “Blinding Idiots To Dangerous Reality”
Bubbles are far more dangerous when they are fueled by debt” “This time it’s different”, is one of the most dangerous beliefs in financial markets. This time, things are different – but for a reason. Global Central Banks have pumped liquidity into the financial system to support the global economy…
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WTI Holds Losses As US Distillates Stocks Reach 38-Year Highs
Oil prices are lower overnight after a surprisingly large crude inventory build reported by API. The energy complex was not helped by comments by President Trump that the COVID-19 outbreak in the U.S. will probably worsen before improving. “Everything seemed to rise in the commodity world yesterday as part of the reflation trade,” said Giovanni…
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Banks Brace For A Historic Crash With Record Loss Provisions
For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb on loans they had made, or even by frontrunning the Fed with their prop (and flow) trading desks, they would “earn” their way to just…
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Another Iconic Deflationist Capitulates: According To Russell Napier, “Control Of Money Supply Has Permanently Left The Hands Of Central Bankers
One by one the world’s legendary deflationists are taking one look at the following chart of the global money supply (as shown most recently by DB’s Jim Reid) and after seeing the clear determination of central banks to spark a global inflationary conflagration, are quietly (and not so quietly) capitulating. One…
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Doug Casey On COVID Brainwashing: “Look, Hysteria Is The Problem; Not The Flu Itself”
Recently, gold bug and investor Doug Casey sat down with Kenneth Ameduri of Crush the Street. Casey jumped right in saying the breakdown of the United States under the boot of tyranny is “actually predictable.” Casey says Western civilization peaked around World War 1, just after the Federal Reserve took over…
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Depositors Beware: Deutsche Bank Warns Trading Revenue Boom Is Ending
With Europe’s benchmark interest rates still staunchly in negative territory, the long-suffering European banks, epitomized by fading German ‘national champion’ Deutsche Bank, have benefited from the surge in trading activity during the first half of 2020 that helped its Q1 results surprise to the upside. But as DB CEO Christian…
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Rabobank: “Markets Are, Across The Board, Totally Divorced From Reality. Facts No Longer Matter”
Make It So! Back in the 1980s, there was a lot of discussion at my college about “post-modernism”. At that point, it was in a strictly cultural sphere. It meant different things to different people, but I personally found enlightenment in the example of Jean-Luc Picard, captain of the starship…
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It’s Happening Again… Investors Dump Everything ‘China’
Global stock markets plunged Friday as tensions between the US and China spiral out of control. Stocks in Hong Kong and mainland China tumbled after Beijing ordered Washington to cease all operations at its consulate in the city of Chengdu. This came days after Washington ordered the Chinese consulate in Houston, Texas, to close. Investors are becoming fearful the tit-for-tat spat between…
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