There are two attractive delusions that are ever-present in financial markets:One is this time it’s different, because of unique conditions that have never ever manifested before in the history of the world, and the second is there are no cycles, they are…
– British people suddenly stopped buying cars – Massive debt including car loans, very low household savings – Brexit and decline in sterling and consumer confidence impacts – New cars being bought on PCP by people who could not normally afford them…
– British people suddenly stopped buying cars – Massive debt including car loans, very low household savings – Brexit and decline in sterling and consumer confidence impacts – New cars being bought on PCP by people who could not normally afford them…
First things first – when it doubt, smash: Last time I checked, you can pick up a bunch more ounces at $17.75 than you can at $18.25! One look at the economic calendar one thing should immediately stick out like…
– Buy gold for long term as fiat money is doomed warns Frisby – Gold’s “winning streak” will continue in long term – September is traditionally a good month for gold, as we head into the Indian wedding season – “It’s…
Dagestani billionaire Ziyavudin Magomedov and his older brother and junior partner are highly ambitious. Their forays into telecommunications infrastructure, gas, oil, construction, and port logistics have thus far succeeded wildly across the the Caucasus region. These victories are enormous, to…
When you tally up all of the US economy’s “outstanding IOUs” (public & private debt, entitlement & pension obligations, etc), the total is well over 1,000% of GDP. That’s a hole that’s simply too big to be dug out of.…
Max and Stacy ask, “RIP, Petrodollar?” China readies a yuan-priced oil benchmark backed by gold. Is this the final nail in the dollar’s coffin? In the second half, Max interviews Michael Pento of PentoPort.com to discuss the oil-gold-yuan futures contract,…
The Achilles Heel of our socio-economic system is the secular stagnation of earned income, i.e. wages and salaries. Stagnating wages undermine every aspect of our economy: consumption, credit, taxation and perhaps most importantly, the unspoken social contract that the benefits of productivity and…
– Gold hits $1,355/oz as USD at 32-month low -concerns about Trump, US economy – Silver and platinum 2.3% and 1.2% higher in week; palladium 3% lower – Euro Stoxx flat for week – S&P 500, Nikkei down 0.65% and 2.2% –…
– Gold hits $1,355/oz as USD at 32-month low -concerns about Trump, US economy – Silver and platinum 2.3% and 1.2% higher in week; palladium 3% lower – Euro Stoxx flat for week – S&P 500, Nikkei down 0.65% and 2.2% –…
In this episode of the Keiser Report, Max and Stacy discuss social media cracking down on ‘fake news’ in order to protect the likes of Hillary Clinton from losing again. In the meantime, the ‘internet of hate’ – aka ‘alt…
The official policy goal of the Federal Reserve and other central banks is to generate 3% inflation annually. Put another way: the central banks want to lower the purchasing power of their currencies by 33% every decade. In other words, those…
A provocative essay, Don’t Blame the Robots, makes the bold claim that “Housing Prices and Market Power Explain Wage Stagnation.” (Foreign Affairs) In other words, the stagnation of the bottom 95% of wages isn’t caused by automation or offshoring, but by the…
– “Things have been going up for too long…” – Goldman Sachs’ CEO – Lloyd Blankfein, Goldman CEO “unnerved by market” (see video) – Bitcoin bubble is no outlier says Bank of America Merrill Lynch – Bubbles are everywhere including London property –…