During recent increased US-Iran confrontation, so many people viewed the Selective Service website to find out about the draft that the website crashed. People were right to be concerned about a return of the draft.With the ongoing military conflicts in Iraq and Afghanistan unlikely to end any time soon, and the possibly of the US being neoconned into war with Iran and possibly even Russia or Chin...Read More
When SARS hit, China just 5% of world economy, now 20%...Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More
Michael Bloomberg paid for and anti-gun ad during the Super Bowl, and while that isn't all that surprising, what's even less shocking is how bad he bungled the statistics. He was off by 73%, which amountsContinue...Read More
"So, I have to tell you something today that I wish I didn't have to tell you. It's a struggle for me, because I had to inform my staff earlier today," he said. "I can't help but feel that I'm letting everybody down Continue...Read More
"For a long time I thought that the market sentiment was so strong that we could overcome a mounting list of economic uncertainty. But the coronavirus is different. It is big, it's going to paralyze China, it's going to cascade throughout the global economy, and it cannot be countered by central bank policies...we should try to resist our inclination to buy-the-dip."Mohamed El-Erian is the Chief E...Read More
To Watch Update #11, CLICK HEREWith over 20,000 people now confirmed infected, the coronavirus outbreak continues increasing at an exponential rate. And that's based on official data from the Chinese. There are many reasons to suspect those numbers are low vs reality - possibly much lower...As Chris explains, even though we we'll have a lot more clarity on the coronavirus within two weeks, the tim...Read More
Let's hope the coronavirus is contained soon. Unfortunately, the damage to China's economy is already happening and will persist even if the virus is soon under control.Continue...Read More
A panel of experts advising Japan's government on a disposal method for the millions of tons of radioactive water from the destroyed Fukushima nuclear plant on Friday recommended releasing it into the ocean.Continue...Read More
The PBOC will "keep close contact with financial institutions and financial markets to stay fully on top of the liquidity situation and demand." Continue...Read More
Guest Info: Amir Adnani, Chairman of GoldMining Inc.https://www.goldmining.com/Read More
To Watch Update #10, CLICK HEREThe official data on the spread of the Wuhan coronavirus continues to suggest a geometric growth rate. Which explains why more and more infectious disease experts are now openly calling the virus a full-blown global pandemic. It's worth noting at this point that the data we do have, mostly from the Chinese government, is still scant and suspect. Many think the situat...Read More
1:12 Diminishing GDP returns7:34 Tax 2.0 and the "end of cycles"15:10 Shifting price action, shifting rationalizations17:03 What does the repo flare up indicate for the investment demand for public debt?James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The F...Read More
Is this the black-swan event people have been predicting for years?Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO o...Read More
The coronavirus outbreak that is raging all over China right now has been making headlines on a daily basis all over the globe, and rightly so. At this point we don't know if it will ultimately becomeContinue...Read More
To Watch Update #8, CLICK HERELate yesterday, the US officially declared coronavirus a "national health emergency". Some are starting to claim that it's "too late" to do anything to stop the spread of coronavirus. Is it? Well, even if it's too late to stop it, we may still be able to slow the spread substantially.The latest numbers from China may be offering our first hope of that. At ~12,000, the...Read More
Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says things in the global economy are out of balance and progress is not happening. Fitts says, "The other way to get back into balance is with war. . . . We have had lots of covert wars going on, and my concern now is we are going to have more overt war." Fitts says people need to get ready for dramatic challenges...Read More
"Are we then to understand that we have now reached a point the mere gathering of information, which our colleagues in the media may want to eventually do as thousands of people are afflicted daily by the CoronavirusContinue...Read More
The New York Times is reporting that President Donald Trump launched a drone strike that killed the leader of Al Qaeda's affiliate in Yemen.Continue...Read More
Continue...em>Bill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron's and more. Bill is a highly sought a...Read More