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 | Mish - Global Economic Analysis |
| Bond Market Paralysis: What Happens When Central Banks Own the Market Mish’s Sure-Fire Proposal |
| Here’s the question of the day: What happens when central banks own the market?
The answer comes from Asia where Japan’s Government Bond Market Grinds to a Halt and the yield on 10-year Japanese bonds did not move for seven days.
Yields on newly issued 10-year Japanese government bonds remained flat for seven straight sessions through Friday as the Bank of Japan continued its efforts to keep long-term interest rates around zero.
The 10-year JGB yield again closed at 0.055%, where it has been sMonday, June 26, 2017 |
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 | Gordon Long - Market Analytics |
| The Auto Industry is About to Drive Off a Cliff -- Again! |
| Self Inflicted Abuse
In the fall of 2015 we released a video study entitled: "The
Coming Global Auto Abyss - Too Much Supply, Too Many Brands; Combine
with Too Much Credit!". We concluded that low interest rate monetary policy
for the auto industry was like handing crack cocaine to a drug addict. The
auto industry would rapidly and irresponsibly abuse it, to such an extent
that it would once again 'spin out' and careen back to what can only be termed
the Washington 'substMonday, April 3, 2017 |
|
 | Andy Hoffman - Miles Franklin |
| If You Thought “brexit, The Movie” Was Good… |
| It’s Thursday morning, and I think I’m going to take a week off from my Audioblog – particularly given the 40-minute, all-topics-included podcast I did with Kerry Lutz yesterday. As for next week, I’ll play it by ear, given that I have a busy podcast schedule as well. To that end, I have a lot to write of today – on this bi-annual OPEC meeting day; in which, UGGGHH!, yet another “production freeze” rumor was circulated yesterday to boost a flagging oil price – which has a ZERO chance of occurrThursday, June 2, 2016 |
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| Mish - Global Economic Analysis |
| Mish’s Sure Fire Proposal to End Japanese Deflation: Negative Sales Taxes, 1 Monthly Tax on Gov’t Bonds |
| It’s rather amusing that Japan cannot destroy its currency even though it has tried, and tried and tried.
Abenomics has been a huge failure. Keynesian “solutions” of all sorts have failed to rid Japan of the alleged scourge of deflation.
Some think handing out free money is the obvious solution, but what if people don’t spend it?
I can help.
On April 8, I wrote Central Banks Fail in Efforts to Destroy Currency.
In that post I offered simple advice.
Try harder, is inadequate. Japan needs specifFriday, April 22, 2016 |
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| Mish - Global Economic Analysis |
| Peak Preowned: Used Car Inventory Hits Record Level; Congratulations, You Are Qualified |
| Hot on the Lot
Auto manufacturers finally stuffed every dealer’s lot full of cars just as a glut of used cars hit record levels.
In an effort to dump the high and rising number of cars, dealers are slashing prices.
Want a car? If so you are qualified. But who doesn’t have a car that needs one?
The Wall Street Journal reports Hot on the Lot: Leasing a Used Car.
The article subtitle, “As inventories of preowned vehicles rise, dealers look to buyers who don’t qualify” seems to make sense.
However,Tuesday, April 12, 2016 |
|
 | Alasdair Macleod - Finance and Eco. |
| A tale of two currencies |
| There is a widespread and growing feeling that financial markets are slipping towards another crisis of some sort.In this article I argue that we are in the eye of a financial storm, that it will blow again from the direction of the advanced economies, and that this time it will uproot the purchasing power of major currencies.The problems we face have been created by the major central banks. I shall assume, for the purpose of this article, that a second financial and monetary crisis will not havThursday, March 31, 2016 |
|
 | Jesse - Le Cafe Américain |
US Gasoline Retail Sales Since the Financial Crisis  |
| Daily US retail sales of gasoline are down from 60,000 in 2007 to 20,000 today.
Must be the result of 'Cash for Clunkers' and more stringent mileage standards.
And stagnation in the real median income is certainly a positive factor in conservation.
No wonder the energy crowd is lobbying so hard for more pipelines and exports.
Another glorious victory for The Recovery™.Tuesday, March 25, 2014 |
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| Mish - Global Economic Analysis |
| Monetarism, Abenomics, QE, and Minimum Wage Proposals: One Bad Idea Leads to Another, and Another |
| Telegraph writer Ambrose Evans-Pritchard is back at it. In arguably his worst article ever, Pritchard complains France is Looking Straight Down the Barrel of a Deflation Shock.
Pritchard bemoans the horrors of falling prices and says "There is a technical solution to this. It is called QE. The European Central Bank can lift the entire EMU system off the reefs by launching a monetary blitz to meet its own M3 growth target of 4.5pc."
Pritchard ignores the fact that equity prices are back in bubTuesday, February 25, 2014 |
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| Alasdair Macleod - Finance and Eco. |
| The deflationist error |
| Many people believe there is a significant risk that the Irving Fisher debt-deflation theory of great depressions is still an economic threat today. They overlook the fact that Fisher published his theory examining debt-deflation events under a gold standard, which does not apply today. Financial credit contractions therefore take a different appearance.
The events he described arose as a consequence of the earlier expansion of bank credit in a fractional reserve system when the currency beingTuesday, June 25, 2013 |
|
 | Captain Hook - Treasure Chest |
| A Check In Every Mailbox |
| It was a better time, a simpler time, a time when people knew where they stood. The family unit was just that, the modern family set in mid-west America, mom, dad, the kids, dog, two cars in the garage and one job paid for all of it. Mom stayed home to take care of the kids and dad went out to take on the world in his traditional role, with all family members comfortable in their lives, fulfilling instincts that by nature extend back to our very origins.Tuesday, October 16, 2012 |
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| Alasdair MacLeod - Goldmoney |
Animal spirits  |
| The BBC is running a three-part series on notable economists,starting with Keynes. There were a number of errors made, but I shall ignore those and address two Keynesian fallacies. The first was that Keynes correctly anticipated the economic and political consequences of the Versailles Treaty,which inflicted punitive reparations on Germany: this was true.Wednesday, September 26, 2012 |
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| Crisis Watch - Goldmoney |
| Animal spirits |
| Wednesday, September 26, 2012 |
|
 | Goldmoney |
| Palladium price lags on weak Chinese car sales |
|
While the gold price and platinum price continued their rally in the last few weeks, with silver stable, palladium prices lagged other precious metals.Palladium is mainly dependent on global car industry demand.Weakening economies, from the United States to many European countries led to sales in palladium markets with steadily falling demand from investors.Thursday, September 15, 2011 |
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| Gold - Goldmoney |
| Palladium price lags on weak Chinese car sales |
| Thursday, September 15, 2011 |
|
 | Chris Martenson |
| Charles Hugh Smith: Why Local Enterprise Is the Solution |
|
Chris Martenson: Welcome to another ChrisMartenson.com podcast.I am, of course Chris Martenson and today, a very special guest.We haveCharles Hugh Smith, who has been an independent journalist for over twenty years and his excellent web blog www.oftwominds.com, offers very thoughtful unique analysis of global finance, social themes, the political economy - and he’s an accomplished author as well.Wednesday, August 17, 2011 |
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| Gordon Long - Market Analytics |
| Currency Wars: Debase, Default and Deny! |
| In September 2008 the US came to a fork in the road. The Public Policy decision
to not seize the banks, to not place them in bankruptcy court with the government
acting as the Debtor-in-Possession (DIP), to not split them up by selling off
the assets to successful and solvent entities, set the world on the path to
global currency wars.
By lowering interest rates and effectively guaranteeing a weak dollar through
undisciplined fiscal policy, the US ignited an almost riskless global US$Thursday, October 28, 2010 |
|
 | The Gold Report |
| Porter Stansberry: Strategies for Survival |
| Finding undervalued blue chip companies with exposure to Asian growth ranks high on Porter Stansberry's to-do list these days. But the fellow who founded Stansberry & Associates Investment Research adds a caveat in this exclusive interview with The Gold Report: "If you're not willing to short stocks as well, don't buy stocks at all. Stay in cash and gold."
The Gold Report: The National Bureau of Economic Research announced last week that not only are we Monday, September 27, 2010 |
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| Alasdair Macleod - FinanceandEconomics |
| Deflation or inflation The debate that shapes monetary policy |
| Now that there is considerable concern in most commentators’ and economists’ minds over the economic outlook, they are forming into two uneven camps: those more afraid of deflation than inflation, and vice-versa. The deflationists are in the overwhelming majority, and include nearly all Keynesians and monetarists – the establishment.Wednesday, August 25, 2010 |
|
| The Gold Report |
| Ron Struthers: Eat, Pray and Hold Gold |
| Newsletter Writer Ron Struthers is an old-school straight talker who doesn't mince words. He believes the U.S. economy never came out of the 2008 recession and predicts America is about to face a whole new set of debt problems at the state level. In this exclusive interview with The Gold Report, Ron recommends investors fortify their portfolios with 15%–20% physical gold and another 40% in cash.
The Gold Report: According to Struthers Resource Stock RepoFriday, July 23, 2010 |
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| The Gold Report |
| Roger Wiegand: EU Bailout Just Delays Inevitable |
| Replacing most of Europe's currencies less than a decade ago, the euro is on the brink of extinction, according to Trader Tracks' Roger Wiegand, in this exclusive Gold Report interview. On the other side of the world, he doesn't pin his hopes on China as the engine for global economic growth as so many others do. So, is there a white horse waiting in the wings to lead the world back to economic good health? Read on. . .
The Gold Report: You put a rather Wednesday, May 26, 2010 |
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