Category: Economics & Investing

In Italy, They’re Now Taxing Shadows. – A.D. o o o IMPORTANT GOLD CHART: Every Investor In The West Needs To See o o o The Grim Future of the American Worker. – D.S. o o o Items from Mr. Econocobas: Five Things to Watch on the Economic Calendar Greece Faces Decisive Week as Tsipras Is Set to Meet Merkel Fighting The “War on Terror” By Banning Cash – This is stretching my editorial bounds, but it is related to the economy and so I couldn’t pass this nonsense up. Video: Fox Business Interview: Washington Is Kicking-The-Can While Wearing A …

Wages growth is not accelerating for 80% of the USA population o o o Pink Slips: 100,000 Jobs Wiped Out Amid Oil Price Collapse: “Spreading Like Cancer”. – B.B. o o o Driving our way into financial poverty with six-year car loans: Once a minority, six-year or longer auto loans now make up one third of all new loans. o o o Natural Gas Prices To Crash Unless Rig Count Falls Fast

California gets $1bn emergency relief to stave off severe water shortage. – H.L. o o o This week’s Zerohedge reporting shows the rapid DEATH of the US dollar o o o Sears suppliers said to grow uneasy o o o Items from Mr. Econocobas: The Latest Flashing Red Light: Global Earnings Plunge Most Since Lehman

Irish Finance Minister Dumps Stocks to Buy Gold o o o The Latest Flashing Red Light: Global Earnings Plunge Most Since Lehman o o o Items from Mr. Econocobas: Brace for Recession Next Year – I’d be bracing for a bit more than that, but that recession is starting to come up in the mainstream is what’s pertinent here. The Fed Keeps Getting More and More Pessimistic The Shrinking Middle Class, Mapped State by State Russia’s Putin Calls for Regional Currency Union

The Best “Democracy” Money Can Buy: For Every Dollar Spent Influencing US Politics, Corporations Get $760 Back. – J.L. o o o Invest In Food o o o Items from Mr. Econocobas: Fed’s Rate Hike ‘Baby Steps’ Could Backfire – The author makes a valid point that most don’t consider, but he also apparently doesn’t understand that they can’t raise rates without pricking the bubble. How Low Can They Go? Central Bank Policy Easing in 2015 De-Dollarization Accelerates As More Of Washington’s “Allies” Defect To China-Led Bank The Unraveling Is Gathering Speed

U.S. Treasury Drops a Bombshell Yesterday: “Quicksilver Markets”. – P.K. o o o More QE= More money= More Debt= More Interest/Fee’s= More profit banks= More staff+bonuses= Bigger banks= Bigger fairy tales o o o Items from Mr. Econocobas: Goldman’s FOMC Post-Mortem – “More Dovish Than Expected” But Hike Coming In September– There is a lot of talk about bad things coming this fall. One thing is for sure, though; if any real rate hike did come in the fall, this economy that is built on cheap money would fall out of bed. Yellen Admits “Market Valuations Are On The High …

Last Time This Happened, Recession Followed… o o o 100,000 Layoffs and Counting: Is this the New Normal? o o o Items from Mr. Econocobas: Housing Starts Collapse in February– I wish the company tearing up the beautiful field behind my house to put in a neighborhood would read this. Five Things People Will Be Talking About Today – Just some quick tidbits, but China’s Shanghai Composite rising 70% in 12 months is staggering. Janet Yellen Wants to Be a Little Less Predictable – The word patient maybe dropped on Wednesday but I see a rise in rates almost as …

White House Floats Bankruptcy Process for Some Student Debt. – B.B. o o o Items from Mr. Econocobas: Currency Wars Threaten Lehman-Style Crisis – This is a good article from, of all places, the Telegraph If Economists Were Right, You Would Have a Raise by Now – It’s amazing to me how so many intelligent people just don’t understand what is happening… Why the Fed Is Setting Markets on a Hair-Trigger – It’s all about the Fed, data, and fundamentals only coming into play if it’s perceived it will affect how the Fed will react Big Question: Will the Federal …

15 large investment banks = nearly 90% of “notional amounts of all open derivative contracts”, trading assets of the ten largest banks summing up to > £5 trillion o o o Government Farming Subsidies Are A Pile Of Poo. – K. o o o The next bailout will be with student loans: White House takes first steps in allowing a bankruptcy option for student debt. $1.2 trillion in student debt outstanding. o o o The Real Problem Behind Low Oil Prices

Guess What Happened The Last Two Times The S&P 500 Was Up More Than 200% In Six Years? o o o Recent actions by the world’s central banks, at a glance. – G.P. o o o Surprise! U.S. economic data has been the world’s most disappointing o o o ExxonMobil CEO Wrong About “Resilience” Of Tight Oil Production

U.S. exports at risk as bird flu hits heart of poultry country. – P.M. o o o In the decades leading up to World War I, despite some barely-sane leaders running barely-functional institutions, inflation was never an issue. Money saved was wealth preserved, and global capital flowed freely. o o o Items from Mr. Econocobas: The Debt Ceiling Debate Returns and So Does the Trillion Dollar Coin Patience with Greece Running Low after Tough Week Rig Count Drops For 14th Week In A Row, Fastest Rate In 29 Years Dead-Cat-Bounce Dies (Again) – Stocks Plunge As EURUSD Breaks Below Crucial …

What storm? The stock and bond markets in the US are doing great, the media has sold the strong employment story, and all those nasty wars are far, far away. So the top few percent are doing well and are sheltered from the storm, but what about the rest of us? What storms are pounding us? Currencies are based on debt, and those dollars, yen, and euros are created every day to keep various financial bubbles inflated. Global debt is $200 Trillion and cannot be repaid except with deeply devalued currencies. Central banks are creating currencies, monetizing debt, reducing interest …

Greece Passes Law To Plunder Pension Funds. – B.B. o o o America looks Rich. Big Cars, Big Houses, Big Military. We paid for it with BIG Debt: Credit Card Debt, Stud-loan, Mortgage, National Debt! o o o Items from Mr. Econocobas: Retail Sales in U.S. Unexpectedly Fall for Third Straight Month David Stockman -Why The Dollar Is Rising As The Global Monetary Bubble Craters Q1 GDP Expectations Are Crashing

The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74 Trillion In Currency Derivatives At Risk. – H.L. o o o Two part video with Jim Willie: Part 1 – Central Banks Buying 100% of Sovereign Debt Part 2 – Collapse of the European Union – B.B. o o o Venezuela Begins Liquidating Its Gold