by Michael Snyder, The Economic Collapse Blog:
What I am about to share with you is quite stunning. A
well-respected financial expert that correctly predicted the last two
stock market crashes is now warning that we are right on the verge of
the next one. John Hussman is a former professor of economics and
international finance at the University of Michigan, and the information
in his latest weekly market comment
is staggering. Since 1970, there have only been a handful of times
when a combination of market signals that Hussman uses have indicated
that a major market peak has been reached. In 1972, 2000 and 2007 each
of those peaks was followed by a dramatic stock market crash. Now, for
the first time since the last financial crisis, all four of those
signals appeared once again during the week of July 17th. If Hussman’s
analysis is correct, this could very well mean that the next great stock
market crash in the United States is imminent.
Read More…
What I am about to share with you is quite stunning. A
well-respected financial expert that correctly predicted the last two
stock market crashes is now warning that we are right on the verge of
the next one. John Hussman is a former professor of economics and
international finance at the University of Michigan, and the information
in his latest weekly market comment
is staggering. Since 1970, there have only been a handful of times
when a combination of market signals that Hussman uses have indicated
that a major market peak has been reached. In 1972, 2000 and 2007 each
of those peaks was followed by a dramatic stock market crash. Now, for
the first time since the last financial crisis, all four of those
signals appeared once again during the week of July 17th. If Hussman’s
analysis is correct, this could very well mean that the next great stock
market crash in the United States is imminent.Read More…
Russell Napier: What Happens When Markets Realize China Is A Forced Seller Of Treasuries
Submitted by Tyler Durden on 07/29/2015 - 08:00 "How would US Treasury bulls in the private sector react if they knew in advance that the second largest owner of Treasuries, the PBOC, was a forced seller of Treasuries. Such compelled selling would be obvious before US markets opened each morning as downward pressure on the RMB exchange rate in Asia forced the PBOC to liquidate foreign currency assets to defend the fixed exchange rate. Would even Treasury bulls stand in the way of such a large and predictable liquidation? If they didn’t then the second phase of The Great Reset would come to pass and the decline of EM external deficits would force tighter monetary policy in both EM and DM."
Greek Bonds Plunge As Tsipras Threatens Snap Election
Submitted by Tyler Durden on 07/29/2015 - 09:59 10 year Greek bond yields are spiking this morning (and prices therefore plunging) as trading actvity picks up in the dormant peripheral capital markets. The 2025s are downover 5pts from their last traded price back in late June with yields spiking back up toward 12.5%. This derisking comes after, as we detailed earlier, not only is the Greek economy collapsing but while Brussels is "satisfied with the smooth and constructive cooperation with the Greek authorities and that should allow us to progress as swiftly as possible," Greek PM Tsipras is threatening snap election as rebellion within 'his' party grows.
A Veteran Trader Slams The Fed: "Savers Are The Patsies For Share Buybacks"
Submitted by Tyler Durden on 07/29/2015 - 09:28 There will always be some "crisis" or excuse to do nothing. But the fact remains that the U.S. economy is not at zero interest rate health. Monetary policy is broken with the status quo. Unlimited and constant central bank participation in the markets is ultimately destructive, encourages dangerous risk taking (just buy every dip, nothing can go wrong,) and has become too much of an aphrodisiac for policy makers. Savers are being told you are the patsies for share buybacks.
by Anthony Gucciardi, Natural Society:
As the Senate moves to vote on the DARK Act legislation that could ban mandatory GMO labeling in the United States, it’s time to demand that President Obama keep his 2007 promise to label GMOs.
It was in 2007 that, as you can see in the video above, President Obama declared that he would label genetically modified foods upon becoming President. In his own words, he says that we have the ‘right to know’ what we’re eating. This promise has not only failed to amount to any form of action over the past several years, but may soon be trumped by Obama signing off on the DARK Act bill that will make GMO labeling a dream of the past.
Officially titled the ‘Safe and Accurate Food Labeling Act’ and nicknamed the ‘DARK Act,’ this is a bill I’ve been warning you about since its inception.
Read More @ NaturalSociety.com
As the Senate moves to vote on the DARK Act legislation that could ban mandatory GMO labeling in the United States, it’s time to demand that President Obama keep his 2007 promise to label GMOs.It was in 2007 that, as you can see in the video above, President Obama declared that he would label genetically modified foods upon becoming President. In his own words, he says that we have the ‘right to know’ what we’re eating. This promise has not only failed to amount to any form of action over the past several years, but may soon be trumped by Obama signing off on the DARK Act bill that will make GMO labeling a dream of the past.
Officially titled the ‘Safe and Accurate Food Labeling Act’ and nicknamed the ‘DARK Act,’ this is a bill I’ve been warning you about since its inception.
Read More @ NaturalSociety.com
Andy Hoffman from Miles Franklin is back to document the global economic collapse for the final week of July, 2015.
With September looming, a month in which many have predicted the great collapse will begin in earnest, Andy and I cover the current state of affairs – as the global economic situation deteriorates. First on the menu, the Chinese stock markets where despite $800 Billion in overt government intervention in the past month the bubble continue to burst, causing ripple effects which are beginning to be felt globally.
We also cover the current state of the PHYSICAL metals markets, “As we speak we are at record demand, we’re at record deliveries of physical gold around the world and inventories everywhere from the Comex to the Shanghai Exchange to the GLD etf are vanishing. In silver it’s beyond ridiculous, the US Mint keeps running out of silver. The perfect storm is hitting precious metals and the powers that be are doing everything in their power to kick the can that last mile,” says Andy.
We also cover other critical news items from around the world including the never ending Fukushima nightmare, the secret UK government plan to unleash 5,000 armed soldiers on city streets, the rise of Donald Trump, and the fall of Abenomics.
The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers
Submitted by Tyler Durden on 07/29/2015 - 09:06 Overnight, US energy major Chevron announced it will cut 1,500 jobs globally "as the company aims to reduce internal costs in multiple operating units and the corporate center." According to Rigzone, "the San Ramon, Calif.-based energy company will cut 950 positions in Houston, 500 positions in San Ramon and 50 positions internationally." But it's not just the US, because moments ago Italy's biggest oil and gas industry contractor Saipem announced that not only is it cutting its guidance, sending its stock plunging, but also reported that it plans to cut 8,800 workers by 2017.
Violent Government Buying Spree Sends Chinese Stocks Soaring At Close Of Trading; Yellen On Deck
Submitted by Tyler Durden on 07/29/2015 - 06:52 On a day when market participants will care about only one thing - how hawkish (or dovish) the FOMC sounds at 2:00 pm (no Yellen press conference today) - Chinese stocks provided the usual dramatic sideshow and traded unchanged or modestly negative for most of the day despite the latest $100 billion injection, the close of trading on Wednesday was a mirror image of what happened in the last hour on Monday, as various Chinese "plunge-protection" mechanism went into a furious buying frenzy and government-backed funds rushed to buy anything that trades in the last 60 minutes of trading in what may be the most glaring example of banging the close yet.
The Fate Of China's Monetary Policy Is In The Hoofs Of Pigs
Submitted by Tyler Durden on 07/29/2015 - 08:45 It seems China's efforts to stabilize their economy stock market knows no bounds - nowhere better exemplified than the 5% spike in an hour last night after injecting $100bn into the sovereign (rescue) fund - and western observers applaud the efforts as if they are costlessly saving the world. However, there are costs to all this leveraged asset bubble creation (and maintenance) and, as China People's Daily reports, nowhere is that more evident than the surging price of pork (on if China's main CPI components). As Deutsche Bank warns, in the past 15 years, the PBoC has never cut interest rates when inflation was picking up (whether driven by food or more broad-based); so the fate of an 'easy money' inspired stock market bubble remains in the hands hoofs of pigs as the policy stance will be forced to turn from loosening to neutral in Q4 as inflation rises.Your kids... will be used as Cannon Fodder for the Banker Bastards...and Most will happily send them in the name of Patriotism...
ISIS "Ally" Turkey Seeks NATO Support As Two-Front "War" Escalates
Submitted by Tyler Durden on 07/29/2015 - 09:47 As Turkey requests NATO support after launching strikes against both ISIS and PKK, question have arisen about Ankara's links to Islamic State and about the real aim of the country's "terror" crackdown."Erdogan is trying to achieve the result he failed to in the June 7 election in a political coup. That's the real aim of the steps taken now." "ISIS commanders told us to fear nothing at all because there was full cooperation with the Turks."
It doesn't matter who wins... you're still going to get Screwed from Both ENDS...
Donald Trump’s surge in the GOP primary race has dramatically altered
the political landscape, leaving former party stalwarts and the
Washington establishment struggling to catch up.In the first national poll since Trump garnered criticisms from Republican leaders over his comments on Senator John McCain’s military service, the television celebrity has increased his support among GOP voters. A CNN poll published Sunday showed Trump leading with 18% support among Republican voters, representing a six point increase over the previous month. (Source: CNN/ORC poll: Trump elbows his way to the top, July 26, 2015.)
Only former Florida governor Jeb Bush and Wisconsin governor Scott Walker are holding on, with 15% and 10% of GOP voters respectively. None of the other 14 candidates tested in the survey could register double-digit support.
Read More @ ProfitConfidential.com
It's Bounce Or Else For This Key Stock Market Gauge
Submitted by Tyler Durden on 07/29/2015 - 08:21 This series reached an extremely skewed -462 yesterday (18 New Highs minus 480 New Lows). If this reading gets any worse, it will be one indication that the uptrend since 2009 is in jeopardy.
from USA Watchdog:
Former Assistant Treasury Secretary Dr. Paul Craig Roberts contends all talk of the Fed raising interest rates this fall is totally wrong.
Roberts explains, “They most certainly are not going to raise them because they’ve spent seven years keeping them at zero. In fact, inflation aside, there are already negative interest rates. . . . So, they are most certainly not going to raise interest rates because if they raise the rates, they will destroy all their efforts to keep the big banks afloat. They also would destroy the stock market. What we have seen all these years is every time the market needs to correct, the Plunge Protection Team steps in and buys the Standard and Poor’s futures and drives the market back up. So, what would cause the Plunge Protection Team and the Federal Reserve to all of a sudden jettison the policies they have been following all these years to save the big banks, to save the stock market and to keep the aura of success alive in America?”
Read More @ USAWatchdog.com
Former Assistant Treasury Secretary Dr. Paul Craig Roberts contends all talk of the Fed raising interest rates this fall is totally wrong.
Roberts explains, “They most certainly are not going to raise them because they’ve spent seven years keeping them at zero. In fact, inflation aside, there are already negative interest rates. . . . So, they are most certainly not going to raise interest rates because if they raise the rates, they will destroy all their efforts to keep the big banks afloat. They also would destroy the stock market. What we have seen all these years is every time the market needs to correct, the Plunge Protection Team steps in and buys the Standard and Poor’s futures and drives the market back up. So, what would cause the Plunge Protection Team and the Federal Reserve to all of a sudden jettison the policies they have been following all these years to save the big banks, to save the stock market and to keep the aura of success alive in America?”
Read More @ USAWatchdog.com
from TruthNeverTold:
You can only do your best...To warn the Sheeplez...
The Fallout Claims its Victims
This week we take an indepth look at the bone-crushing losses in the Chinese equity market plunge, and cover:
A deadly mistake that a Chinese investor made, and why those closest to you have probably made it too…
The extent of the carnage in Shanghai, and why Beijing’s firewall is powerless to stop it…
How what’s occurring with Chinese investors right now will affect your lives very soon…
Read More…
from Wolf Street:
No one knows to what still crazier level this stock market is headed,
or what kind of decline – if any ever, the bulls say – it will
experience. But we all have our signs and signals that we keep our eyes
on, hoping to get the drift in time.
No one wants to go through another crash like the last three (1987, 2000, and 2008 which all occurred during my investing years) with any significant amount money tied up in stocks (not to speak of bonds).
Because this could get ruinous.
And no one wants to go through what Japanese equities went through for the 23 years following the 1989 bubble peak. Sure, very lucky traders can make money riding the short-term movements of a bear market. But for investors, these things can be a nightmare. Markets can get very costly. They can change lives, one way or the other.
Read More @ Wolfstreet.com
No one knows to what still crazier level this stock market is headed,
or what kind of decline – if any ever, the bulls say – it will
experience. But we all have our signs and signals that we keep our eyes
on, hoping to get the drift in time.No one wants to go through another crash like the last three (1987, 2000, and 2008 which all occurred during my investing years) with any significant amount money tied up in stocks (not to speak of bonds).
Because this could get ruinous.
And no one wants to go through what Japanese equities went through for the 23 years following the 1989 bubble peak. Sure, very lucky traders can make money riding the short-term movements of a bear market. But for investors, these things can be a nightmare. Markets can get very costly. They can change lives, one way or the other.
Read More @ Wolfstreet.com
from Sovereign Man:
High
up in the mountains of central Sardinia, it’s hard to even think about
finance. The weather is perfect. Sunshine abounds. The vistas are
absolutely incredible. The food is amazing. This is definitely one of
the nicest places I’ve ever been. And yet it’s almost impossible to
ignore the constant gyrations in global finance.
What’s happening in China is nothing short of astounding, seeing the depths to which a desperate government is willing to go to bail out a broken system and maintain the status quo. You have to hand it to the Chinese– they clearly don’t give a damn about subtlety.
In the US, market manipulation has taken on a much more sophisticated approach. It caught my attention last week that the Federal Reserve’s balance sheet is still within 0.3% of its all-time high.
Read More @ SovereignMan.com
High
up in the mountains of central Sardinia, it’s hard to even think about
finance. The weather is perfect. Sunshine abounds. The vistas are
absolutely incredible. The food is amazing. This is definitely one of
the nicest places I’ve ever been. And yet it’s almost impossible to
ignore the constant gyrations in global finance.What’s happening in China is nothing short of astounding, seeing the depths to which a desperate government is willing to go to bail out a broken system and maintain the status quo. You have to hand it to the Chinese– they clearly don’t give a damn about subtlety.
In the US, market manipulation has taken on a much more sophisticated approach. It caught my attention last week that the Federal Reserve’s balance sheet is still within 0.3% of its all-time high.
Read More @ SovereignMan.com
by Gary Christenson, Deviant Investor:
Central banks will disagree;
Keynesian economists probably disagree;
Too-Big-To-Fail banks don’t care;
But I think the following is generally accurate regarding the devolution of gold and silver money.
IN THE BEGINNING: Gold and silver coins were used as real money for several thousand years. Gold and silver were universally recognized as a store of value.
140 YEARS AGO: The $20 Gold Double Eagle Coin was globally recognized as money. It contained 0.9675 ounces of gold and its purchasing power was unquestioned.
Read More @ deviantinvestor.com
Central banks will disagree;
Keynesian economists probably disagree;
Too-Big-To-Fail banks don’t care;
But I think the following is generally accurate regarding the devolution of gold and silver money.
IN THE BEGINNING: Gold and silver coins were used as real money for several thousand years. Gold and silver were universally recognized as a store of value.
140 YEARS AGO: The $20 Gold Double Eagle Coin was globally recognized as money. It contained 0.9675 ounces of gold and its purchasing power was unquestioned.
Read More @ deviantinvestor.com
by Peter Cooper, Arabian Money:
Casey Research is making the same case it has made numerous times over
the past few years, and always been wrong: namely that now is the moment
for contrarian investors to pile into gold mining stocks. Anybody who
has taken this advice has lost a lot of money. ArabianMoney at least had
the decency to close its paid-for investment newsletter this year and
give up on offering this advice. We’ve gone back to being purely a
journalistic channel, admittedly with its own bias like any other media
outlet.
Wrong for too long?
The problem for Casey is that yes their case gets better and better, the lower and lower gold prices and gold stocks go. But that only further serves to prove them wrong, at least for the moment. So what do they say?
Read More @ ArabianMoney.com
Casey Research is making the same case it has made numerous times over
the past few years, and always been wrong: namely that now is the moment
for contrarian investors to pile into gold mining stocks. Anybody who
has taken this advice has lost a lot of money. ArabianMoney at least had
the decency to close its paid-for investment newsletter this year and
give up on offering this advice. We’ve gone back to being purely a
journalistic channel, admittedly with its own bias like any other media
outlet.Wrong for too long?
The problem for Casey is that yes their case gets better and better, the lower and lower gold prices and gold stocks go. But that only further serves to prove them wrong, at least for the moment. So what do they say?
Read More @ ArabianMoney.com
by Brandon Turbeville, Activist Post:
As Turkey continues to bomb inside Syria and Iraq against alleged ISIS
targets and PKK Iraqi Kurds, and as the NATO Article 4 meeting looms
over the Middle East, Turkey has clearly taken yet another step toward
its goal of establishing a “buffer zone” and “no-fly zone” over Syria.
Turkey has called Article 4 NATO meetings twice – once in 2003 and once in 2013. In the latter incident, Germany, the Netherlands, and the United states sent two PATRIOT anti-missile batteries each as well as soldiers trained in the operation of those missiles. Turkey is now requesting help with its border security due to the crisis in Syria and one can only wonder what the response of the rest of NATO will be when the meeting concludes.
Article 4 allows any member of NATO to “request assistance” when its “territorial integrity, political independence or security is threatened”.
Read More @ ActivistPost.com
As Turkey continues to bomb inside Syria and Iraq against alleged ISIS
targets and PKK Iraqi Kurds, and as the NATO Article 4 meeting looms
over the Middle East, Turkey has clearly taken yet another step toward
its goal of establishing a “buffer zone” and “no-fly zone” over Syria. Turkey has called Article 4 NATO meetings twice – once in 2003 and once in 2013. In the latter incident, Germany, the Netherlands, and the United states sent two PATRIOT anti-missile batteries each as well as soldiers trained in the operation of those missiles. Turkey is now requesting help with its border security due to the crisis in Syria and one can only wonder what the response of the rest of NATO will be when the meeting concludes.
Article 4 allows any member of NATO to “request assistance” when its “territorial integrity, political independence or security is threatened”.
Read More @ ActivistPost.com
Tsipras Threatens Snap Elections As Syriza Rebellion Threatens To Derail Bailout
Submitted by Tyler Durden on 07/29/2015 - 07:41 With creditors now on the ground in Athens, and with a third prior actions vote in parliament due at the first of August, Greek PM Alexis Tsipras spoke out about the new bailout "deal", debt re-profiling, the referendum, party politics, and the possibility of early elections in an interview with Sto Kokkino radio station./
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![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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