Citi: "There Is A Massive Problem" With The Bond Market
• zerohedge.com by Tyler DurdenIs the global economic recovery over?
Contents Pages by Subject
Economy - Economics USA
This Really Is The Everything Bubble: Even Subprime Mortgage Bonds Are Back
• https://www.zerohedge.com, by John RubinoRecord student loan balances? Check. Trillion dollar credit card debt? Check. Six tech stocks dominating the Nasdaq? Check. Subprime auto loans at record levels? Check.
America's Future No Longer "Looks Sustainable In A Market Context": Deutsche
• zerohedge.com by Tyler DurdenEarlier this week, when commenting on the latest CBO budget forecast, which now expects the US deficit will soar over 40% in 2019, and surpass $1 trillion by 2020 (in reality it may surpass $1TN by September
The Name is Bond, Long Bond
• https://www.themaven.netAt Mauldin's latest conference, Gavekal's Louis-Vincent Gave stated "The deflationary period we've been in has come to an end." He produced this chart.
Retail Defaults at All-Time High
• By Peter Schiff SchiffGold.comThere were more signs of a retail apocalypse in the first quarter of this year. Defaults by retail companies rated by Moody's hit an all-time high in Q1. There were a total of nine defaults among Moody's-rated retail corporates. According to W
Opinion Nearly Unanimous: Inflation Has Arrived
• https://www.themaven.net, by Mike Mish ShedlockOpinion is nearly unanimous. Inflation is coming and it won't be short-lived.
National Debt Set To Roughly Equal The Gross Domestic Product By 2028
• https://jonathanturley.org, jonathanturleyI am admittedly a budget hawk when it comes to our burgeoning debt and runaway spending. However, I remain astonished that there was not more of an uproar over the massive budget just passed after lifting debt ceilings by both parties.
Has the Subprime Auto Bubble Burst?
• By Peter Schiff SchiffGold.comIt looks like the subprime auto loan bubble has popped.
Wholesale Inventory Build Continues as Retail Sales Flounder
• themaven.net by Mike Mish ShedlockWholesale inventories rose 1.0% nearly matching the consensus 1.1% estimate.
Peter Schiff: Nobody Is Prepared for the Long-Term Pain That's Coming
• Peter Schiff-SchiffGold.comThe stock market continued its yo-yo ways on Friday. After three straight days of healthy gains, the Dow Jones Industrials fell 572 points to end the week, closing below 24,000. The Nasdaq also plunged, dropping 161 points.
3Y Auction Prices At Highest Yield Since May 2007
• zerohedge.com by Tyler DurdenWhile unlike a month ago, when the US Treasury had a record amount of Bills, Notes and Bonds for sale, the selling calendar is not quite as busy, there is still a deluge of paper for sale over the next few days, and ....
Can't miss podcast - Recorded live from the 2018 Investor Summit at Sea
• https://www.sovereignman.comI'm writing you today from a cruise ship, on my way to Puerto Rico. Every year, I get together with some of the smartest guys in finance and investing for my friends, the Real Estate Guys, Investor Summit at Sea.
What Happened in Economic News Last Week Could Signal a Massive Change for All of Us
• https://www.theorganicprepper.comLast week was a busy one for economic news, what with a looming tariff war and a job report that is nothing to write home about.
US Deficit To Soar Over 40% In 2019, Exceed $1 Trillion By 2020: CBO
• https://www.zerohedge.com, Tyler DurdenThe Congressional Budget Office has hit President Trump with a double whammy in its latest report, calculating that the U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increas
Americans Face Highest Pump Prices in Years
• https://www.wsj.com, Stephanie YangAmericans are spending more at the pump than they have in years. Prices could rise even higher just as drivers hit the road for family vacations.
The world's most powerful banker sees chance of "market panic"
• Simon Black - Sovereign ManThe most powerful banker in the world, JPMorgan Chase CEO Jamie Dimon, just released his annual letter to shareholders.
Gold Could Explode at Any Minute – Investor Peter Schiff
• LewRockwell.Com - Peter SchiffFears of a trade war between the US and China have cast a shadow over Wall Street and spurred the buying of gold as a safe haven. Investor Peter Schiff is convinced that gold is on the verge of a breakthrough.
Soybeans, Cars, Planes, and "To Hell With Wall Street"
• https://www.themaven.netIn the tit-for-tat trade war, China struck back with tariffs on Soybeans and other items. Trump imposed another $50 billion tariffs on China, as noted yesterday. Today, Beijing Hit Back at the U.S. with tariffs on an equivalent $50 billion of g
US trade deficit rises to near 9½-year high
Tim PicciottThe Commerce Department said on Thursday the trade gap rose 1.6 percent to $57.6 billion. That was the highest level since October 2008 and followed a slightly downwardly revised $56.7 billion shortfall in January.
FREE-MARKET PARASITES
Paul RosenbergThe crypto economy can't get here fast enough...In addition to writing, I manage businesses. And as I review the financial records of these businesses every year, I see corporate parasitism biting them worse and worse. But if pushed, the bosses of
Mall Vacancies At Six-Year High As Local Economies Stumble On Retail Slump
• https://www.zerohedge.com, Tyler DurdenRetail vacancies at regional shopping malls have reached a six-year high - jumping to 8.4% in Q1 2018, the highest level since Q4 2012, according to real-estate data firm Reis Inc. which studies 77 metropolitan areas.
Peter Schiff: In a Bear Market, All News Is Bad News
• Peter Schiff-ShiffGold.comAfter rallying on Friday, stocks tanked on Monday, dropping over 450 points. In fact, it was the worst first day of the second quarter since the Great Depression.
Peter Schiff Warns 'Deep State' Unafraid To Crash The Market On Trump's Watch
• https://www.zerohedge.comThe S&P 500 closed down more than 2.4% Monday and the broad market index posted its worst April start since 1929. This slide in the markets caused the worst start since the Great Depression, sparking fears we are on the same path.
Rising Rates Sounding Alarm Bells for Debt-Laden U.S. Consumers
• bloomberg.com By Ben StevermanCredit-card spending has surged 9.4% as delinquencies rise Fewer U.S. consumers using ARMs than before financial crisis
Economic Storm Clouds Gather, but Ending the Fed Provides Hope
• http://www.ronpaulinstitute.orgThe Federal Reserve recently increased interest rates to 1.75 percent. This is the highest interest rates have been since 2008, but it still leaves rates at historic lows. While the Fed says economic growth justifies future rate increases, an honest
The Governments Odds of Financial Success is ZERO!
Tim PicciottThe Governments Odds of Financial Success is ZERO!
Q1 2018 Was A Disaster For America
• zerohedge.com by Chris HamiltonIn the first quarter of 2018, the financial and investing industry went into overdrive detailing the upside of the 2018 tax cuts and the positive impacts of a "business friendly" executive and congressional branch on business in America.
Gundlach Calls for "Massive Rally in Commodities"
• https://www.themaven.net, Mike Mish Shedlock"Every time you get late-cycle going into the front-end of a recession, you have a massive rally in commodities."
Construction Spending Unexpectedly Weak: Home Repairs Collapse
• https://www.themaven.net, Mike Mish ShedlockEconomists expected a jump of 0.5% in construction spending. Instead, spending came in at 0.1%.
Marc Faber's Stock Market Prediction: More Money Will Be Made in India Than US in Next 10 Years
• https://www.lewrockwell.comRenowned global investor Marc Faber predicts that more money will be made in Indian stock markets in the next 10 years that equities in the United States. In an interview to ET Now, Dr Doom on Monday said that Indian markets are still attractive as c
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