Category: Economics & Investing

Reader L.L.H. spotted this at Zero Hedge: Caterpillar Shocker: Industrial Bellwether to Fire Up to 10,000; Slashes Revenue Outlook o o o And here is another good piece at Zero Hedge: Obama’s Recovery in Just Nine Charts o o o Wall Street braces for grim third quarter earnings season

Oil Prices – What Does “Lower For Longer” Actually Mean? o o o Over at the SHTFPlan blog, Mac Slavo reports: Soros, Icahn and Major New Players Rushing Into the Gold Sector: “Things Are In The Works As We Speak” o o o B.B. sent this: Food Stamps In Crosshairs of Shutdown. [JWR’s Comment: State-level disruptions of EBT card payments in the past two years have caused chaos. We can only imagine if this were to happen nationwide.] Items from The Economics Team: The Extinction of Retirement At Zero Hedge: Confessions of an Economics Professor Track Your Banks’ Texas Ratio. …

Reader D.S. suggested this: Is Capitalism Un-Christian? o o o The recent huge layoffs at Deutsche Bank (23,000 employees–about 1/4th of their workforce) got scarcely a ten second mention in the major American mainstream media news outlets. But be advised: This could be an early signal of a global credit crisis in the near future. They would not be laying off this heavily if they expected stability in the world credit markets. – JWR o o o Items from The Economics Team: How Our Family Saves $10,000 a Year The Four Horsemen of Middle Class Destruction

On the Peter Schiff podcast: Yellen Admits Rates Could Stay at Zero Forever. Schiff rightly concludes that interest rates must rise eventually, in response to a global currency crisis, with dire consequences in the bond and equities markets.. o o o The Daily Mail reports: Four out of five migrants are NOT from Syria: EU figures expose the ‘lie’ that the majority of refugees are fleeing war zone o o o The Silver Supply Crunch Continues o o o Some good analysis by Gary Christenson: Gold: The End and The Beginning Items from The Economics Team: How I Live Without …

This is not new, but it is a good reminder: The U.S. Debt Clock. (Thanks to T.A. for the link.) o o o Video: Fund Manager Ray Dalio Is Worried About Next Downturn o o o Bloomberg Video: Goldman Sees 15 Years of Weak Crude as $20 U.S Oil Looms.

25 Myths Broke People Believe. – T.A. o o o The Petrostate Hex – how fluctuating oil prices affect currency valuations – T.A. o o o Items from Mr. Econocobas: Going Back To What Works: Gold Is Money Again – Was aware of what Utah did in 2011 but didn’t know this. Interesting.. Traders Now See Fed First Hiking Rates in 2016 – How many times can these lemmings be fooled? The Fed is not hiking rates unless it did so in a minor way and for a short period of time. It is too dangerous to their credibility to …

UK interest rates may have to be cut, warns Bank of England chief economist o o o Census data shows a record 46.7 million Americans live in poverty. Over 40,000 dollar stores now permeate the United States. o o o Global Angst Lingers, RMG Wealth Management Recommends that Long Term Investors Hold Cash – T.A. o o o Los Angeles is the most unaffordable place to rent with renters spending nearly 50 percent of their income on rents: San Francisco is the most expensive place to purchase a home.

Household Finance & Couponing – T.A. o o o Yellen Speak Translated into Plain English – would be even funnier if it weren’t all so serious. – T.A. o o o SILVER INVESTORS: Why The Next Financial Crisis Will Be Different o o o This Is What Needs To Happen For Oil Prices To Stabilize

Mr. Latimer and Mr. Rawles, While you and the majority of your readers are well aware of the lateness of the hour, some people may still remain unconvinced of the immediacy of the problem. I just received some information which, while a bit obscure, I believe constitutes incontrovertible proof that the economy is about to get worse, much worse. Furthermore, it proves that the government knows exactly what’s about to happen. However, for you to fully grasp the significance of this information, you first have to understand the Department of Education’s Federal Financial Aid program. As a college professor, this …

The typical male U.S. worker earned less in 2014 than in 1973 – B.B. o o o Is the IRS Undercounting Americans Renouncing U.S. Citizenship? – G.G. o o o 7% of U.S. Currency Contaminated by Dangerous Pathogens – T.A. o o o Items from Mr. Econocobas: US Stocks Slump as Investors Mull Fed’s Rate Decision Fed Opens Negative Interest Rate Pandora’s Box: What Happens Next

OPSEC about gold from Dilbert – G.G. o o o If the world can no longer expand, will it implode? – T.A. o o o “Two hundred or four hundred dollar silver! Outrageous! Yes, of course, when we think in terms of today’s dollars, euros, and yen. But what if current deflationary forces overwhelm markets and currencies, debts are defaulted, and central banks panic. Rather than accept crushing deflation, they massively “print” to boost asset prices and thereby create a huge inflation. Instead of dollars and euros, we soon have mini-dollars and mini-euros.” Outrageous Silver Speculation o o o Federal …

Crossing Borders with Gold and Silver Coins – a Glimpse of Things to Come – B.B. o o o Nine of world’s biggest banks join to form blockchain partnership – G.P. o o o I Have No Fear Of Economic Collapse – RBS o o o How Is The Silver Bullion Product Shortage Impacting Gold?

Interest Rates and the Debt Saturated Global Economy – A.L. o o o Hewlett-Packard to Cut Up to 30,000 More Jobs in Restructuring – GJM o o o Items from Mr. Econocobas: This Is Why Americans Will Pay More For Gasoline If U.S Export Ban Is Lifted – Interesting article Price Tag of Bernie Sanders’ Proposals: $18 Trillion – For some comic relief… Suppose if he wasn’t serious Why the Fed Is Likely to Stand Pat This Week – It boggles my mind how these folks don’t know (or pretend to not) that the entirety of the global “recovery” is …

Understanding Why Budgets Fail May Help Us Succeed: 5 Big Reasons Budgets Fail – A.L. o o o Could the Fed Implement a “Carry” Tax on Physical Cash? by Phoenix Capital – D.S. o o o Items from Mr. Econocobas: USA Drops to 16th on ‘Economic Freedom’ List… – While it may be a stretch to say the U.K. has more economic freedom than some of these other countries, it is definitely indicative to the direction we have been heading for quite some time. US Interest Rate Rise Could Trigger Global Debt Crisis – We are all aware of this …