Why The U.S. Is the Next Greece: Doug Casey On America's Economic Problems
• by Tyler Durden"With these stupid governments printing trillions and trillions of new currency units," warns investor Doug Casey
Contents Pages by Subject
Economy - Economics USA
Gold: It's Time to Buy
Mark NestmannI'm what people call a "contrarian" investor. I tend to buy assets that are out of favor with the chattering classes and the talking heads on television.
Gold: It's Time to Buy
Mark NestmannI'm what people call a "contrarian" investor. I tend to buy assets that are out of favor with the chattering classes and the talking heads on television.
Meet Metalith, a Supercharged Bitcoin Vending Machine
• https://www.bitcoin.comThis year at Porcfest, one project stood out in a great way, a fully functional Bitcoin vending machine named The Metalith. Not only does The Metalith offer products for Bitcoin, but also offers them for Fiat currency.
The Rent is Too Damn High: San Fran Residents Pay $1,000/Mth To Live In Shipping Containers
• Zero HedgeThere's nothing quite like a grotesquely lopsided "economic recovery" in which a handful of cities boom, while the rest of the nation stagnates.
First Default By U.S. Commonwealth In History: Puerto Rico Fails To Make Required Debt Payment
• Zero HedgeOver the weekend Puerto Rico was supposed to make a modest principal and interest payment of some $58 million due on Public Finance Corp. bonds, which however few expected would be satisfied.
Perth Mint and U.S. Mint Cannot Meet Demand as Gold Bullion Demand Surges
• LewRockwell- Perth Mint sees surge in demand and cannot keep up with demand - "Our biggest restriction is the amount of unrefined gold we're getting in from producers"
Are We Being Forced Into A "Second American Civil War"… If So, Who Will Win?
• http://www.zerohedge.comDivisions are along predictable lines: racism, police abuse, controversial social issues, and plenty of left vs. right, demographics and regional baggage to clash over as well.
If Price Insensitive Buyers Become Sellers, Will The Entire Market Collapse?
• Zero HedgeOne narrative we've been building on for quite some time is the idea that both stocks and bonds have been propped up by a perpetual bid from price insensitive buyers.
The Latest Government Trust Fund To Go Bankrupt
• http://www.zerohedge.comOn June 6, 1932, President Herbert Hoover imposed the first ever national gasoline tax in the United States, initially set at 1 cent per gallon.
July Jangles Markets' Nerves: Treasury Yields Tumble, Stocks Fumble, & Commodities Crumble
• Zero HedgeNo excuse needed...
5 Things To Ponder: Mentally Conflicted
• Zero HedgeI had a very interesting conversation with one my colleAgues yesterday about the markets and the economy. Essentially the discussion centered around the markets remaining near their all-time highs as economic data remained soft.
Why Do So Many Working Age Americans Choose Not To Enter The Workforce?
• Zero HedgeToday we look at a unique dataset – Gallup's annual poll of job satisfaction – to see what it can tell us about secular trends in employment, consumer confidence and spending.
Wall Street Still Didn't Get The Memo--–China's Done, Tops In!
• by David StockmanBubblevision's Scott Wapner nearly split a neck vessel today denouncing the US stock market sell-off. It was completely unwarranted, he thundered, because China don't have nothin' to do with anything.
An Expert That Correctly Called The Last Two Stock Market Crashes...
• By Michael SnyderAn Expert That Correctly Called The Last Two Stock Market Crashes Is Now Predicting Another One
Goldman Sachs Internal Memo (Yesterday): "Easy to Borrow List to be Discontinued"
• https://www.deepcapture.com, by Patrick ByrneThis post may be a little inside-baseball. I will not explain at length the significance of this (if it does not make sense, you will have to read around in DeepCapture to understand it fully), but the short version is as follows.
Banks Squirm As Congress Moves To Cut The 6% Dividend Paid To Them By The Fed
• Submitted by Mike KriegerDid you know that the Federal Reserve pays an annual 6% dividend to its shareholders, i.e., the member banks of the cartel?
Is U.S. Economy Pushing the Fed Closer to a Rate Hike?
• http://www.bloomberg.comPriscilla Hancock of JPMorgan Asset Management and Bloomberg's Michael McKee preview today's Federal Reserve policy statement and examine how U.S. economic data plays into the Fed's decision on when to raise interest rates. They speak on "Market Make
Report: McDonald's Global Profits Are Continuing to Fall
• Prison PlanetThe decline of fast food giant McDonald's continues in full swing, as the company reports yet another quarter of 'disappointing' global losses.
The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers
• http://www.zerohedge.comIn the beginning of 2015 the biggest threat to the economy as a result of the collapse in oil prices, both in the US and worldwide, was the surge in layoffs among highly-paid energy sector job.
Now Is The Time. Fear Rises As Financial Markets All Over The Planet Start To Crash
• http://theeconomiccollapseblog.comCNN Money's Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. Last Monday, the index was sitting at a reading of 36. As I write this article, it has fallen to 7.
US Economic & Consumer Confidence Plunges To 10-Month Lows As "Hope" Crashes
• http://www.zerohedge.comThe Conference Board just reported that US Consumer Confidence, having bounced in June, has collapsed in July (and saw the bounce revised drastically lower).
Housing Recovery? Case Shiller Home Prices Tumble Most In 10 Months
• http://www.zerohedge.comThe 0.18% month-over-month decline in Case Shiller home price index is the biggest since July 2014 which confirms the David Blitzer's view that "over the next two years or so, the rate of home price increases is more likely to slow than to accelerate
Now Is The Time Fear Rises As Financial Markets All Over The Planet Start To Crash
• http://www.prisonplanet.comCan you feel the panic in the air? CNN Money's Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the higher the level of fear.
Witch Hunt is On; Foolish Ideas on Stopping the Shanghai Carnage; US Bubble Will Burst Too
• http://globaleconomicanalysis.blogspot.comNearly 1,800 stocks, over 60% of issues traded on the Shanghai and Shenzhen stock exchanges fell by the daily limit of 10% and were halted according to a Financial Times report.
Dow Jones Industrial Average
• google.com/finance17,440.59 -127.94 (-0.73%)
Week Ahead: Fed, GDP, Earns Amid Global Growth Concerns
• http://www.forbes.comLONDON -- Amid concerns over slower global growth rates, a slump in commodity prices, the ongoing crisis in Greece and worries about the sustainability of China's juiced stock markets, the week ahead is packed full of potentially market-moving new
Lawsuit accuses 22 banks of manipulating US Treasury auctions
• http://www.infowars.comBanks accused of conspiracy to manipulate Treasury auctions that harmed both investors and borrowers
Winklevoss Twins File Trust Application with NYDFS for Gemini Bitcoin Exchange
• https://bitcoinmagazine.comAccording to a spokesperson, the Gemini exchange will be open to the general public as well as institutional investors once a Certificate of Authorization is issued by the NYDFS. Evan Greebel of Kaye Scholer is advising on this launch.
Emerging Market Currencies Tumble to Record Low in 'Violent' Selloff
• http://www.infowars.comAn index of the major developing-nation currencies fell to an all-time low this week, extending its drop over the past year to 19 percent, according to data compiled by Bloomberg going back to 1999.
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