Courtesy of John Rubino.
OPEC agrees to cut output. Oil jumps, stocks rise, gold falls. The political focus shifts to upcoming Italian, French and Austrian elections, all of which could go against the establishment. India’s war on cash may turn into war on gold. Political class still searching for an explanation (see “Best of the Web”). Trump’s cabinet takes shape, with mostly old and a few new faces.
Best Of The Web
This map shows how much debt the world is in – M2
What a professional disinformation campaign looks like – Zero Hedge
Decade of negative real interest rates: who benefited? – Mish
The view from under the bus – Peak Prosperity
The Washington Post: useful-idiot shills for a failed, frantic status quo – OfTwoMinds.com
First Brexit then Trump. Is Italy next for the west’s populist wave? – Guardian
Weekly commentary: Revisiting the global savings glut thesis – Credit Bubble Bulletin
Gold price skyrockets in India after currency ban – part III – Acting Man
Why the polls got it wrong: deliberate versus accidental survey bias – Financial Sense
Did Trump just accidentally kill the golden goose? – MATA SII
As exciting as the 1930s – Credit Bubble Bulletin
Ringside with Steve Bannon at Trump Tower – Hollywood Reporter
The technosphere hiccups – Club Orlov
—————————————————————–
Breaking News
The Economy
12/01 Factory activity improved in November, ISM data show – MarketWatch
12/01 10-year Treasury yield hits fresh 17-month high – MarketWatch
12/01 Brent hits more than one-year high above $54 – CNBC
12/01 The bond bloodbath is back: US, Chinese yields soaring – Zero Hedge
12/01 Trump will end growth-zapping fiscal austerity – CNBC
12/01 Italy referendum: Could domestic affair become euro zone crisis? – CNBC
12/01 6 million Americans delinquent with auto loans – MarketWatch
12/01 Fed says U.S. economy continued to expand across most regions – Bloomberg
12/01 China’s ‘extraordinary leverage’ tops Bank of England’s list of concerns – CNBC
12/01 Carmen Reinhart: financial repression requires a captive audience – FRA
12/01 McDonald’s unveils job-replacing self-service kiosks nationwide – FFF
12/01 Korea household debt evokes 1997 crisis, says ex-BOK member – Bloomberg
12/01 A tale of two job markets – ECRI
Precious Metals
12/01 China curbs gold imports to slow capital flight – Zero Hedge
12/01 This chart says $95.14 an ounce silver could be possible – Lombardi Letter
12/01 This 1 factor could send gold prices soaring in 2017 – Lombardi Letter
12/01 Here’s why silver prices could soar to $50 an ounce – Lombardi Letter
12/01 Rick Rule on the future of the junior resource market – Investing News
12/01 The collapse of paper assets – Sovereign Investor
12/01 The prospects for gold as Trump’s agenda kicks in – Seeking Alpha
12/01 Precious metals supply/demand report – Seeking Alpha
12/01 Silver prices & interest rates – GoldAndLiberty
12/01 COT report getting much more positive for gold bulls – Seeking Alpha
11/30 Gold in a President Trump world – Seeking Alpha
11/30 The USDJPY and the “price of gold” – 24hGold
11/30 Silver sentiment looks golden – Elliott Wave
11/30 Egon von Greyerz interview – King World News
11/30 Central banks were ready to smash gold upon Trump’s election – GATA
11/30 The Hill’s Group: gold mines vs oil depletion – SRSrocco Report
11/30 Demonetization puts second-largest gold buyer in turbulence – Market Realist
11/30 Doug and Porter on today’s once-in-a-generation speculation – Casey Research
11/30 Balmoral resources extends depth of Quebec deposit – Streetwise Reports
11/30 A ‘wicked rally’ in gold predicted – Streetwise Reports
Inflation, Deflation, Currency War, Cryptocurrencies
12/01 Venezuela’s cash worth so little shopkeepers weigh it – Independent
12/01 Turkish Lira crashes to all time lows – Zero Hedge
12/01 Angry mobs lock up Indian bankers as cash chaos soars – Zero Hedge
12/01 The simple reason to be bullish on bitcoin – Lombardi Letter
12/01 5 out of 6 models agree: Inflation won’t reach 2% target – MarketWatch
12/01 Euro-area inflation accelerates before key ECB decision on QE – Bloomberg
12/01 China devaluing itself out of trouble – Seeking Alpha
12/01 If you own this asset, you could have your “head handed to you” – Casey Research
12/01 Venezuela will release even bigger bills to help shrink wallets – Bloomberg
12/01 US personal consumption inflation steady in October – Daily Mail
Real Estate Bubble
12/01 ‘Classic Ponzi scheme’: Sydney house prices cost 12x the annual income – SMH
12/01 Manhattan homeowners are looking for 40% returns – Bloomberg
12/01 Pending home sales index dives to 0.1%: what’s coming up? – Mish
11/30 The property bubble ‘the most important macro issue in China’ – Business Insider
11/30 Weed votes are already boosting warehouse rents – Bloomberg
DollarCollapse Podcasts
11/04 Instability on the horizon
10/04 European banks in the eye of the storm
9/13 Markets explain facts of life to Fed
8/16 A tough time to manage money
7/27 Random violence and political instability: the new normal
7/21 It’s not the event but the response to the event that matters
7/01 Brexit was just the beginning
6/25 The deeper meaning of Brexit
6/08 Gold Will Soar, Marijuana Will Be Legal
5/23 Hard times for obsolete entities
Politics
12/01 Pennsylvania judge blocks recount petitions – Zero Hedge
12/01 “Shell-shocked” Democrat donors concerned at rudderless DNC – Zero Hedge
12/01 Six narratives on the ascendancy of Trump – Charles Hugh Smith
12/01 Hillary Clinton also wanted to jail flag burners – The Week
12/01 Fed helped elect Trump; tale of two job markets – Mish
12/01 State senator wants to charge protesters as ‘economic terrorists’ – Anti Media
11/30 Much more than constitutional reform at stake in Italian ballot – Reuters
11/30 ‘Washington Post’ ‘Blacklist’ story shameful and disgusting – Rolling Stone
11/30 White Christian anger will rise no matter election results – Express.co.uk
11/30 In Paris, worries that Trump will embolden Le Pen – New York Times
11/30 How one French town shifted unabashed to Marine Le Pen – Local
11/30 Polls show France’s Fillon will easily beat Le Pen – AL-AWSAT
11/30 Treasury pick Mnuchin says tax cuts path to ‘huge’ economic growth – MarketWatch
11/30 For Treasury Secretary Trump picks former Goldman Sachs partner – GATA
11/30 Trump’s latest Cabinet picks signal he has no intention of governing – CNBC
11/29 Assessing Hillary’s recount odds – Mish
11/29 NY Times subscription growth soars tenfold after Trump’s win – CNBC
11/29 How the global Left destroyed itself (or, all sex is not rape) – Macro Business
11/29 Welcome to Hooverville – International Man
Offshore Investing
11/29 The end of FATCA? – Nestmann
10/28 Social mood is changing – prepare your offshore nest egg – Mountain Vision
10/07 Panama Papers? Try UNITED STATES Papers? – Mountain Vision
9/14 4 totally legal reasons to use an offshore structure – Nestmann
Clean Tech
12/01 China to spend over $100 billion on wind power – Indian Express
11/31 Wind surges to nearly 15 percent of Texas power supply – Greentech Media
12/01 Large wind-solar hybrids identified as the way forward – Wind Power Monthly
11/30 Experts forecast giant 11MW offshore wind turbines by 2030 – Ars Technica
11/29 Donald Trump’s game of whack-a-mole on energy and climate – Greentech Media
11/29 NRG closes on SunEdison’s solar and wind projects – Greentech Media
11/28 Battery breakthrough charges in seconds, last for week – Kurzweil
Art of the Collapse
11/22 10 victorious Hillary Clinton illustrations that could have been – GQ
11/21 After Trump bashing, SNL goes after mainstream media “fake” news – Zero Hedge
11/20 See Alec Baldwin return to ‘SNL’ as overwhelmed Donald Trump – Rolling Stone
11/20 Did Trump just inadvertently kill the golden goose? – MATA SII
11/14 Dave Chappelle pledges to give Trump a chance in genius “SNL” monologue – Salon
War, Civil Unrest, Privacy, Creeping Fascism, Police State
12/01 Culture, economy and war. The pillars of the new world order – Strategic Culture
12/01 Think Trump’s scary now? Obama is leaving him with broad war powers – FFF
11/30 Intelligence experts urge Obama to end Snowden’s ‘untenable exile’ – Guardian
11/30 German intelligence officer “arrested in Islamist plot” – Zero Hedge
11/29 Assad on verge of biggest victory since start of Syrian war – Zero Hedge
11/29 Trump: Burn the flag, go to jail – CNN
11/29 Wikileaks releases half a million diplomatic cables – Zero Hedge
11/29 Donald Trump’s surveillance state – FFF
11/29 Somali student identified as suspect in Ohio State attack – MarketWatch
11/28 Ohio State reports ‘active shooter’ on Columbus campus – USA Today
Self-sufficiency, Food Security, Survival
12/01 Is your employer using your 401(k) to rip you off? – CNBC
12/01 How Lingzhi mushrooms combats aging, disease and cancer – Dr. Sircus
11/30 What to do when you’re lost – Survival Sullivan
11/27 King of nothing – AOTH
11/25 Retirement pitfalls and how to plan for a recession – Financial Sense
CyberWar, CyberTerrorism, CyberCrime
12/01 “Destructive Iranian hackers” “wreak havoc” with Saudi computers – ZH
11/29 Japan denies report of ‘state-backed’ cyber attack on military – Bloomberg
11/29 Chinese firms hit by huge increase in cyber attacks – Reuters
Off-Topic But Brilliant/Challenging/Infuriating
12/01 Climate change will stir ‘unimaginable’ refugee crisis – Guardian
11/30 Google’s hand-fed AI now gives answers, not just search results – Wired
11/29 Biggest ever coral die-off on Australia’s Great Barrier Reef – Reuters
11/29 West Antarctic ice shelf breaking up from the inside out – AGU
11/28 Google’s instantaneous translation breakthrough – Kurzweil
11/28 Tech searches for fountain of youth – CNBC
11/27 Word of the year 2016 is… – Oxford Dictionaries
11/27 Military veterans seek new role in S. Africa poaching war – Yahoo!
11/25 Arctic ice melt could trigger uncontrollable climate change at global level – Guardian
11/23 Sea ice reaches a new low – Economist
11/23 Your dog wants you to pipe down and talk with your hands instead – NY Mag
