Investment

by Charles Hugh-Smith The mercantilist dependence on exports for growth, a winner for the past 70 years, has reached diminishing returns. Rather than be a source of growth, it’s a source of stagnation. Conventional wisdom holds that geopolitical power is inevitably shifting from West to East. It isn’t quite this simple. The real shift is … Read more

by confoundedinterest17 The US economy is out of time. As a recession approaches, we are seeing the WIRP implied Fed o/n rate (green line) declining. And with The Fed chickening-out, we saw a surge in equities (NASDAQ composite index in blue). Gasoline prices are falling too (orange line), but due to rising global economic slowdown. … Read more

by confoundedinterest17 Alarm! No problemo, says James “Bully” Bullard, President of the St Louis Federal Reserve. Bullard said that US recession fears are overblown with consumers “healthy.” Really Jim? Inflation is so bad they REAL average hourly earnings growth keeps falling and is now -3.34% YoY. Apparently, real GDP growth of ZERO doesn’t bother Bullard … Read more

By and large, market commentators now begrudgingly concede that the odds of a US recession occurring over the next 12 to 24 months are very elevated. Generally speaking, though, they stubbornly insist any downturn will be mild. Such wishful thinking is “a spurious landmark we pass at this stage in the cycle before all hell … Read more

by Chris Black We got booted by Google from its ad platform due to “dangerous or derogatory content”, whatever that means. More precisely, a big chunk of high paying ads are no longer serving because google booted us from their platform, ie we are getting a lot less ad revenue. We are working hard to … Read more