zerohedge.com / By Tyler Durden / Jul 25, 2016 1:13 PM
We classified last month’s 2Y auction as “lacklustre.” This month, the best word to describe today’s sale of $26 billion in 2Y paper is “dreadful.”
While the yield on the auction was almost unchanged from last month, coming at 0.760%, it tailed by […]
schiffgold.com / BY SAMUEL BRYAN / JULY 25, 2016
After a brief pause in May, the Chinese and Russian central banks resumed their gold buying spree in June.
The People’s Bank of China added about 15 tons of gold to its stash last month. The Chinese central bank now officially holds about 58.62 million […]
mishtalk.com / Mike “Mish” Shedlock / July 24, 2016
At yet another useless G-20 meeting, Italy’s finance minister, Pier Carlo Padoan, made an official denial regarding the plight of Italian banks:
“There is no risk in terms of systemic stability,” said Padoan. Supposedly, everything is “contained“.
Praise for Lies and Useless Talk
zerohedge.com / by Daniel Cloud / Jul 23, 2016 5:38 PM
The Market for Lemons, the Market for Bullshit, and the Great Cascading Credence Crash of 2016
“The cost of dishonesty, therefore, is not only the amount by which the purchaser is cheated; the cost must also include the loss incurred from driving legitimate […]
wallstreetexaminer.com / by Robert Johnson via Economy and Markets / July 22, 2016
By Chris Gaffney, SVP & Director of Sales for EverBank
The Fed, central banks and markets are unlike anything we’ve ever seen and our GDP is settling in solidly at around 1%. The times, they are a changin’ here in the U.S.
Maybe relying too much on "decency bias" but August scares me… Not sure how he gets 6%..DON'T agree with overshoot https://t.co/B55Vqz0HED
— Thomas Lee (@fundstrat) July 21, 2016
zerohedge.com / by Tyler Durden / Jul 22, 2016 11:30 AM
JPM’s former permabull, Tom Lee, needs no introduction: any time he appears on […]
Source: Doug Short
financialsense.com / CHRIS PUPLAVA / 07/22/2016
Third Quarter Review
Before the financial crisis erupted in the fall of 2008 the big four central banks of the world (US Fed, European Central Bank, Bank of Japan, and the Bank of England) had combined monetary reserves of roughly $3 trillion dollars. Fast forward […]
financialsense.com / DANIELLE PARK / 07/21/2016
Still stinging from the blame and lawsuits directed its way in the 2008 crisis, S&P Global Ratings is trying to get out in front of the default tsunami now rising in corporate debt markets around the world.
Already north of $50 trillion in 2015, corporate debt globally is […]
zerohedge.com / by Tyler Durden / Jul 22, 2016
After breaking a multi-year stretch of 9 daily record highs in the Dow Jones, overnight global markets saw some early weakness with Asian stocks retreating after BOJ chief Kuroda dashed hopes for so-called helicopter money, triggering yen’s steepest rally in a month and pulling the […]
gata.org / By Matthew W. Lynn / Wednesday, July 20, 2016
Would you feel comfortable lending money to the mining conglomerate Glencore, a company that only last year came perilously close to imploding? Or Telecom Italia, with its massive exposure to the weakest major economy in the world? Or to Lufthansa, a lumbering […]
zerohedge.com / by Tyler Durden / Jul 20, 2016 4:58 PM
In an analysis that may rival that infamous “McKinsey report” from early 2015 which found that not only had there been no deleveraging since the financial crisis but that total global debt has risen to an unprecedented $199 trillion as of 2014, or […]
mauldineconomics.com / BY JOHN MAULDIN / JULY 15, 2016
While everyone was talking about Brexit last month, the Bank for International Settlements released its 86th annual report.
Based in Basel, Switzerland, the BIS functions as a master hub for all the world’s central banks. It settles transactions among central banks and other international organizations. It […]
gata.org / By Jon Sindreu via The Wall Street Journal / July 19, 2016
When it comes to bitcoin and digital currencies, central banks might be considering the adage: “If you can’t beat them, join them.”
In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their […]
news.goldseek.com / By: Stewart Thomson / 19 July 2016
“Perp Bond Thunder” is the new gold price driver in play, and it has the potential to influence major markets for many years into the future. Please click here now. Japan may lead the world with a sizable launch of perpetual bonds that feature no interest […]
investmentresearchdynamics.com / Dave Kranzler / July 18, 2016
“Chinese miners are competing to secure gold assets, because there’s a consensus that domestic demand will far outstrip local supply due to fast-growing investment demand,” Wang Rong, an analyst at Guotai Junan Futures Co. said – in response to the news that the Silk Road Fund is […]
financialsense.com / PATRICK O’HARE via Briefing.com / 07/15/2016
How low can you go? It is a question that gets asked often in a limbo dance contest. These days it is a question that gets asked often with respect to sovereign bond rates.
In the past, it would have been thought that zero would be […]
news.goldseek.com / By: Steve Saville, The Speculative Investor / 15 July 2016
In a recent letter John Mauldin worries that central banks are ‘out of bullets’, but this is not something that any rational person should be worried about. Instead, they should be worried about the opposite.
The conventional view is that with interest rates […]
armstrongeconomics.com / by Martin Armstrong / Jul 13, 2016
The world financial crisis that is unfolding post-2015.75 is different from that which followed the 2007.15 peak in the ECM. As stated countless times, each event is a crisis in a different sector. The 2007.15 crisis was the over-leverage in real estate that the […]
wolfstreet.com / by Wolf Richter / July 12, 2016
Unlike stocks, a housing bubble can only go so far.
After a wait of 417 calendar days, or 286 trading days, the S&P 500 finally set a new record high on light volume. Bonds have soared, and yields have dropped to ludicrous lows. The 10-year […]
zerohedge.com / by Tyler Durden / Jul 10, 2016 6:28 PM
In recent months we have seen a dramatic spike in visualizations by sellside analysts, who appear to have finally grasped the reflexive nature of markets first noted so many years ago by none other than George Soros, which – with the Fed involved […]
goldswitzerland.com / By Egon von Greyerz / July 9th, 2016
It is no surprise that both commercial and central banks hate gold. Because gold reveals the total mismanagement of the economy and the deceitful actions that the bankers take. Once the paper gold market collapses, which is not far away, we will see the full […]
zerohedge.com / by Tyler Durden / Jul 6, 2016
In the summer of 2013, at a time when the topic of soaring US debt was still paramount to the US public (total debt is now a far more ludicrous, and gargantuan, $19.3 trillion but nobody cares since all the central banks are monetizing global […]
alt-market.com / Brandon Smith / Wednesday, 06 July 2016
I have said it many times in the past â€”Â when elitist criminals start openly admitting to their schemes it means that they are ready to pull the plug on the current system. They simply donâ€™t care anymore who knows their plans because they think […]
zerohedge.com / by Cathal Haughian via BeforeTheCollapse.com Jul 5, 2016 2:50 PM
The situation is grave. That’s why I don’t say this light-heartedly, but I think it should be said nevertheless.
George Soros made it clear in “The Alchemy of Finance” (1987) that the debt situation had already become quite unsustainable after 1982, and has […]