Investment manias are nothing new on Wall Street, but this time the heavy betting is on the mania itself. Speculating on volatility is the latest fad, and it is metastasizing so quickly that in just two short months wagers that the stock market will grow even crazier have become the actual cause of its craziness. The bets mainly involve derivatives, including options and ETFs that are ti...Read More
Steve St. Angelo, SRSrocco Report The U.S. Shale Oil Industry is in serious trouble, even without the negative impacts of the global contagion. While it's no secret that shale oil wells suffer high decline rates, what is taking place in the country's largest oil field is quite alarming. The rate at which shale oil production is declining in the Permian should worry investors. In just three...Read More
We are on the horns of a dilemma, caught between the Scylla and Charybdis, a rock and a hard place, the devil and the deep blue sea, the anvil and the hammer. The walls are closing in. We're in a tight spot.All those metaphors (I could list more but will spare you) fit the present economic situation (some are now calling the omni-crisis) and I think will also describe the 2020s.Thanks to forces...Read More
Egypt's ministry of trade and industry plans to raise import duties on steel billet and rebar, Egyptian sources told Fastmarkets on Monday June 15.Officials from the ministry will meet steel producers this week to discuss the duty changes, the sources said.In April this year, the Egyptian ministry of trade and industry postponed...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow increased in the week to June 15, supported by improving demand and bullish exports, sources told Fastmarkets on Monday June 15.Sentiment in the rebar market in the region improved amid rising construction activity and an uptrend in exports, sources said."Construction sites have gradually re-opened since mid-M...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
As the global financial crisis spreads and the Fed prints more and more money to try to save the U.S. economy, the average person is wondering how can they avoid being caught in the next crash. First, you must understand that the mess the U.S. is in has been happening since 2008. Mortgage-backed securities were the pin that popped the bubble in 2008, and the pin today is the coronavirus-not the ca...Read More
"It's not just enough to win the war against a global depression; we have to secure a peace of high, inclusive growth."Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a memb...Read More
Goldman Sachs released a new report which finds that retail investors are beating hedge funds this year. Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world'...Read More
Our friend Bix Weir returns to help break down the Comex silver scam, the Democrats political scam, and the [D]en of thieves.Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long t...Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
Max Keiser is a former stockbroker and an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where he began working after graduating from NYU. With the help of Keiser's co-host, Stacy Her...Read More
Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker. Read More
Trading activity in the seaborne iron ore concentrates and pellet markets was limited in the week to Friday June 12 after increases in line with rising iron ore fines prices. Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $115.18 per tonne on June 12, up $2.55 per tonne from $112.63 per tonne a week earlier. Sources said concerns over supplies from Brazil trigg...Read More
The latest COMEX gold deposits chart has gone almost as vertical as the US debt chart. Which isn't easy to do, but is reflective of the growing demand for gold in the face of Jerome Powell's ongoing #hyperinflation campaign. Fortunately Dave Kranzler of Investment Research Dynamics joined me on the show to give us an update on the COMEX gold deliveries, and also his latest thoughts on Jerome Powel...Read More
There has been a covert engineering project to develop a mosquito that spreads vaccine instead of disease. This has already been achieved (see Science Magazine).Continue...Read More
Make no mistake, this will be absolute tyranny on a global scale. The mainstream media is silent as the elitists who want power over every human on Earth plan to meet in a Swiss town to discuss Continue...Read More
A friend just sent the following video, from someone named Spiro Skouras about something called the "Great Reset," which the World Economic Forum (i.e., Davos) has just decided to imposeContinue...Read More
Just a week or so ago the mainstream media and thousands representing the "medical community" told us we must throw out the "stay-at-home" orders and go to the streets to protest the death of George Floyd at the hands of the police. The Covid-19 virus will not bother people who are protesting this injustice, they said. The virus only attacks people leaving their homes to protest the stay-at-home o...Read More