With the U.S.'s attempt at regime change in Venezuela going nowhere fast it's becoming increasingly obvious that major vassals allies aren't scared of the consequences of defying us. India, in particular, has been quite clear in its opposition to Trump's edicts on who they can and cannot trade with. And with Prime Minister Narendra Modi … Continue reading The Slippage Continues – India Resists Trump On Everything
As the center of the U.S. freezes this weekend, Elon Musk is trying to figure out how to save Tesla from going the way of Enron. Religions die hard. It takes an orgy of evidence to change a person's mind on a subject that is integral to their moral and ethical structure. In the case … Continue reading When Bubbles Burst – Tesla, The Everything Cycle and the End of Global Warming
Over the weekend, fifteen minutes before U.S. equity futures markets opened, President Trump extended the trade talks between the U.S. and China. No one should be shocked by this. Because China isn’t the main problem. We are. Why? Keep reading. Trump has rapidly become the Appeaser-in-Chief. Everyone on the other side of the negotiating table … Continue reading Trump Folds on Trade War With China
Energy Dominance should be the catchphrase of the day. It's on the minds of every political figure, and the focus of every economy. This is especially true of those vulnerable to a change in the status quo, namely Saudi Arabia. While some continue to believe the gyrations of the oil market over the past few … Continue reading Energy Dominance Isn’t Just a Trump Obsession
For weeks I've been telling my subscribers that something changed in the gold market. Since Donald Trump's election there was a pretty clear pair trade between the U.S. dollar and gold. And that trade was most manifested in the price of gold in euros. During last summer gold experienced its worse (in terms of time) … Continue reading Euro Gold Ratio is a Canary in the Monetary Coalmine
"There is no civility, there is only politics"— Senator Palpatine, The Phantom Menace (Subscribe to the newsletter here)I've talked about breaches of trust before. Facebook is losing users because of their abuse. So will Google. But, a bigger breach of public trust is occurring politically that will have more more devastating effects on society. Leaders … Continue reading December Issue Gold Goats ‘n Guns Newsletter Released
UPDATE: Now stocks are selling off and the 2/10 spread is less than 10 basis points. Gold, however, refuses to sell off while the euro pulls back versus the dollar. Mike Shedlock over at Mishtalk noted yesterday that there have been a couple of troubling inversions in the U.S. yield curve recently. They happened in … Continue reading Recession Incoming or Something Worse? 2/10 Spread Collapses
George Soros is losing. He still thinks he's winning. But, in reality, he's losing. All around you, if you look closely enough, you will see the spectre of George Soros lurking behind the headlines. The caravan, net neutrality, regulating Facebook, the de-platforming of independent media, color revolutions and election meddling, refugee creation and manipulation, the … Continue reading Have We Reached Peak Soros?