John Rubino
Articles by John Rubino
One of the first results of Britain’s voting to leave the European Union was a sharply lower pound. This means the UK is now winning the currency war. Henceforth its exports will be cheaper around the world, enabling its major companies to...
One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but here. Why, when the dollar is generally seen as the premier safe haven currency, would Japan and much of Europe have government...
The theory was pretty straightforward: push interest rates down far enough -- in some cases to negative territory, where borrowers actually turn a profit on their debts. Subsequently, people will borrow money, spend it and growth will...
It's unclear what China was thinking when it was borrowed all those trillions to quadruple its capacity to make steel, cement and other basic industrial products. There's no record of it checking in with the other countries that have such...
“Of course, there are true copper-bottomed mistakes, like spelling the word “rabbit” with three m’s, or wearing a black bra under a white blouse, or, to make a more masculine example, starting a land war in Asia.” — John Cleese
We all...
We all...
This is a tale of changing environments and the organisms that are, as a result, dying off.
First, consider the bricks and mortar retailers. Amazon, the dominant online seller of virtually everything, reports a spectacular quarter with...
First, consider the bricks and mortar retailers. Amazon, the dominant online seller of virtually everything, reports a spectacular quarter with...
For as long as most gold and silver investors can remember, the paper markets -- that is, banks and speculators placing bets with futures contracts -- have set the price of those metals. And within the paper markets, "the commercials" --...
So it seems that China’s economy, caught in the grip of a credit crisis just a few months ago, is all better. And so, by extension, is everyone else. As the Wall Street Journal explains it:
China Calms Anxiety With Economic Fixes...
China Calms Anxiety With Economic Fixes...
After three decades of epic deficit spending and three years of extraordinary money creation, Japan's economy is enjoying a rollicking inflationary boom. Just kidding. Exactly the opposite is happening:
Japan households' inflation...
Japan households' inflation...
This morning, US existing home sales plunged and the Chicago Fed's national activity index turned negative. Both are obvious signs of a slowing economy.
Anticipating this kind of news, Credit Bubble Bulletin's Doug Noland in his most...
Anticipating this kind of news, Credit Bubble Bulletin's Doug Noland in his most...
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