A month ago China's stock bubble was bursting and Greece was imploding. Yet the US Fed, in a violation of both headline sentiment and common sense, was still promising to raise interest rates come September.
Fast forward to this week....
John Rubino
Articles by John Rubino
The recent trickle of bad news has become a torrent. From just the past couple of days:
Eurozone retail sales fall sharply in June
(MarketWatch) - Retail sales in the eurozone fell more sharply than expected in June, a fresh sign...
Eurozone retail sales fall sharply in June
(MarketWatch) - Retail sales in the eurozone fell more sharply than expected in June, a fresh sign...
As boxers like to say, it's the punch you don't see that knocks you out.
In a world where a growing part of the financial system is hidden from view and excluded from official statistics, those are words to remember.
A couple of...
In a world where a growing part of the financial system is hidden from view and excluded from official statistics, those are words to remember.
A couple of...
These days no matter what the Federal Reserve actually says, the markets respond like dogs sensing a piece of bacon coming their way. This is so for several reasons:
The world is vastly overleveraged, which terrifies investors and...
The world is vastly overleveraged, which terrifies investors and...
Less than a decade after a housing/derivatives bubble nearly wiped out the global financial system, a new and much bigger commodities/derivatives bubble is threatening to finish the job. Raw materials are tanking as capital pours out of...
The Austrian School of economics has a concept called a “crack-up boom” in which a critical mass of people conclude that their government is actively trying to devalue its currency.
Consumers respond by front-running the government,...
Consumers respond by front-running the government,...
$1.4 trillion of Chinese stocks have stopped trading. Greece is finally imploding. The US trade deficit is widening on falling exports.Copper just fell back to 2009 levels. And safe-haven capital flows are revving up again, with Swiss 10-...
Last week began with crosscurrents that made it hard to predict. See On Monday, It's China Versus Greece.
This week is starting with no such ambiguity. The Greeks had their vote and tossed a resounding "NO" at their European creditors....
This week is starting with no such ambiguity. The Greeks had their vote and tossed a resounding "NO" at their European creditors....
WASHINGTON (Reuters) - U.S. home resales surged to a 5-1/2-year high in May as first-time buyers stepped into the market, the latest indication that housing and overall economic activity were gathering steam in the second quarter.
First...
First...
Guys, please. As much as we all love a good crisis, this is getting really tiresome. The threats, the name-calling, the apocalypse certain to occur if one side doesn't immediately cave to the other's unreasonable demands. Seems like your...
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