How many more working persons can you fit into a household until the entire family cannot afford anything? o o o Is Saudi Arabia Setting The World Up For Major Oil Price Spike? o o o Items from Mr. Econocobas: Japan Now Holds More U.S. Debt than China – The trend here is interesting… Bets Are Off on ‘Grexit’ as Default Fears Grow Fed’s Fischer Says Fed Can’t Be “On Hold For Ever”, Spooks Bonds & Bullion
Guess who holds even more US debt than China or Japan. – G.G. o o o Ron Paul on CNBC: ‘The whole system is built on fractional reserve banking, accumulation of debt, and malinvestment….Things are very, very fragile.’ o o o From our friends Frank and Fern: Negative Interest is Here o o o Items from Mr. Econocobas: Why Is WalMart Mysteriously Shuttering Stores Nationwide For “Plumbing Issues”? – Not sure there is really anything to read into or not, but it’s interesting none the less. Greece Running Out of Time as Officials Draw Contingency Plans Draghi’s Deranged Paranormal: European …
What Happened When Maine Forced Welfare Recipients To Work For Their Benefits? o o o The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives. – B.B. o o o Items from Mr. Econocobas: Q1 GDP Expectations Are Crashing Video: David Morgan – Silver Is Historically Undervalued Video: James Turk Global Collapse with a Golden Backlash Fed Official Warns ‘Flash Crash’ Could Be Repeated
China’s export numbers miss expectations. – CDV o o o Stacking Silver = Simple Solution o o o Items from Mr. Econocobas: The Curious Case of Japan’s Hidden Inflation “We Have Come To The End Of The Road” – Greece Prepares For Default, FT Reports Confusion Over US Unemployment Continues
Peter Schiff: “It is going to be a QE buffet. In fact, it will end up being an all-you-can-eat buffet, but that’s all the Fed has on its menu.” o o o America’s job divide: Young vs. old. – H.L. o o o The new American retirement plan equates to working forever: Nonexistent nest eggs and most Americans are bad at planning as to how long they will live. o o o Shell Betting Its Future On LNG
Video: Ann Barnhardt exposes the blatant fraud in US financial markets, the IRS scandal, the financial enslavement of the American people, and whether Obama is conspiring to collapse our economy! o o o Why Another Great Stock Market Crash Is Coming o o o The mega Chinese stock market bubble: Over half of new investors only have a junior high education or less and the Shanghai Composite is up 100 percent in one year. o o o Citi Economist Says It Might Be Time to Abolish Cash
JP Morgan Issues Warning To Shareholders Concerning Next Financial Crisis o o o Feedlot, packer margins continue climb out of the red. – K.W. o o o THE COMING GOLD RUSH: There’s A Lot Less Gold In The World o o o When you think the financial world can’t get any crazier… this happens
China Gold Reserves Rise To Threatening Level o o o One Last Look At The Real Economy Before It Implodes – Part 4 o o o Items from Mr. Econocobas: Euro Zone Sets Greece Reform Deadline Ahead of IMF Repayment Why This Earnings Season Could Be The Worst Since 2009 Minimum Wage: Disadvantaged Youth Are Crucial Issue
Top 12 Media Myths On Oil Prices o o o 19 Signs That American Families Are Being Economically Destroyed o o o Items from Mr. Econocobas: Dollar Weakens against Yen as BoJ Stands Pat Despite Data, Americans’ View on Economy Reaches 8-Year Highs Gold Is Beating Stocks This Year—Here’s Why – Again the belief that at any point this side of a dollar crisis that they will raise rates is comical, in my view. “Odious Debt” Has Finally Arrived: Greece To Write Off “Illegal” Debt – Greece is definitely worth keeping an eye on, but at the end of the …
U.S. GOLD MARKET 2012-2014: Suffers Massive Deficits o o o The Multi-Quadrillion Dollar ‘0% Interest’ Scam o o o Scathing assessment: “The UK economy is a ticking time bomb” o o o Notes on Deflation From Tokyo o o o Alan Greenspan: “The Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrrule actions that we take.”
Why The Oil Price Collapse Is U.S. Shale’s Fault o o o Record 93.2 million Americans now not in the labor force: The not in the labor force rebound added 277,000 Americans in March alone. o o o Items from Mr. Econocobas: Stocks Get Bloodied as Gold Short Squeeze Takes Shape Jobs Shocker May Show That Economy Is in Real Trouble How To Alleviate The Alleged “Worker Shortage”——-Stop Subsidizing Non-Work
Since ’07, $11 trillion of global QE, $57 trillion of more debt, Europe 2 more recessions, Japan 3 more recessions, US 2 negative GDP qtrs, the collapsing of many EM economies. o o o A Return To Nuclear May Be Japan’s Only Option The legacy of the Fukushima disaster has badly damaged Japan’s economy, but the only relief may come from returning to the controversial power source despite the risks. o o o The Best Way to Avoid the Dollar Crisis o o o No Country For Young Workers: Only Americans 55 And Older Found Jobs In March
What extremes am I referencing? The S&P 500 Index has tripled in six years, is overbought, and is at an all-time high. See graph showing 7-year cycle highs and overbought indicators. Earnings do not support the high valuations of U.S. stocks. Note the extreme valuations as shown in the graph below, courtesy of Arabian Money. Interest rates are currently at multi-generational or all-time lows and consequently bonds are extremely high in the “bubble-zone.” Many European banks and sovereign governments are “paying” negative interest. This was unthinkable a few years ago! The dollar index rallied over 25% between May 2014 and …
San Francisco tech bubble spills into mega housing bubble: San Francisco median price nears $1 million while homeownership rate falters. o o o Greece draws up drachma plans, prepares to miss IMF payment . – JBG o o o Putin May Have Last Laugh Over Western Sanctions o o o A titanic quantity of derivatives – say 1,000 Trillion dollars!
China’s economy just touched the government’s chilling ‘red line’. – H.L. o o o More Unofficial Capital Controls In The US: PFIC Rules. – G.G. o o o Obama supports reduction in military retirement pay. – T.P. o o o DO YOU HAVE AN EMERGENCY FUND? 42% of Americans Cant Get Access to $2,000 Without Using Credit