Courtesy of John Rubino.
Target is the latest retailer to disappoint. Suddenly, a Fed rate hike is back on the table. Brexit, The Movie, crushes the European project and a former European spymaster wonders if the EU has “run its course”. China’s debt bomb debated and visualized. Noam Chomsky on who really rules the world. The negative feedback loop that’s chasing investors out of the market. Meanwhile, global debt keeps rising, corruption keeps spreading, more big name money managers go negative, corporate earnings continue to disappoint, and fans of gold debate the new bull market.
Best Of The Web
The negative interest rate gap – Club Orlov
British spymaster fears the EU has “run its historical course” – Zero Hedge
Brexit risks in 2016 – the movie – Gold And Liberty
CERN discovers new particle called the FERIR – Automatic Earth
“The global negative feedback loop” – Zero Hedge
China’s debt bomb: no one really knows the payload – Visual Capitalist
Tomgram: Noam Chomsky, the challenges of 2016 – Tom Dispatch
The inevitability of unintended consequences – Peak Prosperity
Ominous portents – Credit Bubble Bulletin
Ludwig von Mises’s top 9 quotes on gold – Mises Institute
Finance + stress = suicide – Automatic Earth
Corruption and cronies – Financial Sense
Cash bans, gold, NIRP, and the zombie apocalypse – Seeking Alpha
Satyajit Das: The age of stagnation – Financial Repression Authority
The Economy
5/18 Japan dodges recession thanks to consumers, public spending – Bloomberg
5/18 An overlooked investment risk: wishful thinking – MarketWatch
5/18 Austria may dodge provincial default – Bloomberg
5/18 Another year of anger for Deutsche Bank’s investors – Bloomberg
5/18 Debt rattle – Automatic Earth
5/18 Saudi Arabia admits to a full-blown liquidity crisis – Zero Hedge
5/18 Target misses the mark – CNN Money
5/18 Hard times on Wall Street as pay cuts, layoffs loom – CNBC
5/18 Brazil’s new central banker sees huge GDP drop – Bloomberg
5/18 Oliver Blanchard, IMF spout nonsense about Japan’s debt – Seeking Alpha
5/18 The ‘tide’ has turned… NEGATIVE for STOCKS – GoldAndOilGuy
5/18 Canada wildfire rages near oil sand facilities, extending shutdowns – Reuters
5/18 Two more US oil company bankruptcies – Oil Price
5/18 The epic battle continues – TF Metals Report
5/18 BlackRock’s Fink says everyone should worry about China debt – Bloomberg
5/17 Oil prices near six-month high as outages support – CNBC
5/17 Deutsche Bank’s woes may be ‘insurmountable’ – Bloomberg
Precious Metals
5/18 Gold relaxes in $1250 – $1300 range trade – 321Gold
5/18 Devaluing dollar and debt by revaluing gold is getting respectable – GATA
5/18 4 practical reasons to consider reallocating some assets to gold – Seeking Alpha
5/18 Precisely wrong on dollar, gold? – Merk
5/18 The price of oil is rising? Gold is next – Seeking Alpha
5/18 Is the gold rally doomed? – Sovereign Investor
5/18 Two companies poised to catch up to gold peer group – Streetwise Reports
5/18 The epic battle continues – TF Metals Reports
5/18 Gold gains on China debt concerns as Soros stake boosts miners – Bloomberg
5/18 A simple relationship between gold, T-Bonds and the US$ – 24hGold
5/17 Top 10 gold junior takeover targets for 2016 – Seeking Alpha
5/17 George Soros is making a big new bet on gold – Fortune
5/17 Make America gold again – GATA
5/17 University of Michigan to invest in gold, copper mining fund – GATA
5/17 Paulson cut gold bets again as Soros, others rushed back – GATA
5/17 Why the gold and silver futures market is like a rigged casino – Zero Hedge
5/17 Hedge funds buy silver as silver bullion deficit surges – GoldCore
5/17 The elite’s new case for gold – Daily Reckoning
Inflation, Deflation, Currency War, Cryptocurrencies
5/18 The Russia-China energy marriage and the multipolar world – Oil Price
5/18 U.S. debt dump deepens in 2016 – CNN
5/18 Negative interest rates are a stealth tax – MarketWatch
5/18 US slaps China steel imports with fivefold tax increase – BBC
5/18 The reboot, rebooted – Breaking Views
5/18 B of A wants Fed to hike rates – CNBC
5/18 UK inflation unexpectedly slows to 0.3% – Bloomberg
5/18 The elite’s master plan for global inflation, part II – Daily Reckoning
5/18 The geopolitics of helicopter money: part 3 – ValueWalk
5/18 Fed running out of excuses on interest rates – Ciovacco Capital
5/18 Trump on the national debt – Town Hall
5/17 US Consumer Price Index rose 0.4% in April vs. expected 0.3% – CNBC
Real Estate Bubble
5/18 China’s housing bubble so big “Goldman will need a bigger chart” – Zero Hedge
5/18 Housing starts bounce, momentum flatlines – Mish
5/17 Chinese investors have spent $300 billion on US property – CNBC
5/17 Governments terrified of popping foreign-buyer housing bubble – CBC
DollarCollapse Podcasts
5/14 Chaos spreads to US retailers and Italian banks
5/04 Easy money has failed; what’s next?
4/27 Okay, I’ll say it: run for the hills
4/21 Corporate earnings (among other things) go from bad to horrendous
4/13 A potentially brutal earnings season kicks off
4/06 The end of privacy = risk off and soaring gold
3/30 The inevitable is now imminent
3/22 Huge government deficits coming
3/17 Same mistakes, bigger scale
3/07 It’s all about the central banks
Politics
5/18 Trump needs 77 delegates to officially clinch nomination – The Hill
5/18 Clinton fewer than 100 delegates from nomination – The Hill
5/18 Bernie Sanders wins Oregon – CNBC
5/18 Trump implores Bernie Sanders to mount third-party bid – Business Insider
5/18 Trump closing gap with Clinton, poll shows – Hill
5/18 Paris protesters, riot police clash over labor law – Zero Hedge
5/18 Nigel Farage accused of ‘dog whistle politics’ – Mirror
5/18 Narrow Remain win may lead to second referendum – BBC
5/18 Heseltine condemns Boris Johnson’s ‘obscene’ EU comments – Guardian
5/18 Bernie Sanders has lost the race for the Democratic nomination – Vox
5/18 Bernie Sanders facing pressure over supporters’ actions in Nevada – NY Times
5/17 Dump Hillary? Clinton slammed yet again by mainstream media –Daily Bell
5/17 How Merkel helped build the nationalism she now warns against – Daily Bell
Offshore Investing
5/17 Panama Papers: dozens of Americans tied in – Panama Papers
5/17 Panama Papers hub in Miami: Citigroup’s private bank – Wall St on Parade
5/12 Crooks, terrorists, tax evaders: Can new shell company rule stop them? – Reuters
5/10 Panama Papers database of offshore companies goes public – Chicago Tribune
Clean Tech
5/18 Germany just got almost all of its power from renewable energy – GEAB
5/18 Cooling, time in the dark preserve perovskite solar power – EurekAlert
5/17 Shell creates division to invest in wind power –Business Green
5/16 Obama sets stage for huge emissions cuts – Bloomberg
5/16 Economics can’t support the new “solar economy” –Town Hall
5/16 Eye-catching Solar stocks update: SolarCity, SunEdison –News Is Money
5/16 How SolarCity can win the market back – Buffalo News
5/16 SunRun materially misleads – Seeking Alpha
5/15 Update from the Gigafactory: Tesla’s ambitious plans – Bloomberg
5/15 Elon Musk ‘burns up cash’ for SolarCity, Tesla – Guardian
5/15 YieldCo boom and bust – GTM
5/15 AES CEO: solar is ‘the future’ but utilities must buy in – GTM
Art of the Collapse
5/08 ‘Dilbert’ creator’s 6 reasons why Trump will win – Zero Hedge
5/06 The book that will save banking from itself – Bloomberg
5/04 America’s best and brightest – 321 Gold
4/25 Hillary Clinton’s full speech to Goldman Sachs – Liberty Blitzkrieg
War, Civil Unrest, Privacy, Creeping Fascism, Police State
5/18 America’s age of impunity – Zero Hedge
5/17 Beijing blasts Pentagon report on Chinese military – Reuters
5/17 ‘Avengers’ threaten new insurgency in Nigeria –Reuters
5/17 Refugees refuse assignment to Bulgaria, Romania –Mish
5/17 The real story of our decades-long Middle East policy disaster – Salon
5/17 The creeping militarization of American culture – National Interest
5/17 Gun control and the right to resist tyranny – FFF
5/17 The shameful truth about the gov’t’s secret experiments –FFF
Self-sufficiency, Food Security, Survival
5/18 Fluoride, the only drug intentionally added to your tap water – Mercola
5/17 UV light provides a multitude of health benefits – Mercola
5/17 Dealing with stress and depression with magnesium supplements – Dr Sircus
5/16 Tiny is so very big– Mother Earth News
5/16 Relying on a “defined benefit” pension? Don’t –Money Week
CyberWar, CyberTerrorism, CyberCrime
5/18 Here’s how to end the fog of cyberwar – Scientific American
5/18 Bitcoin-ransoming Romney tax ‘hacker’ faces 25 years inside – Register
5/15 World’s oldest hacking profession doesn’t rely on internet– CNBC
5/14 Cyberwar: what it will look like – FPRI
5/14 How Steel City became the front line in America’s cyber war– Foreign Policy
Off-Topic But Brilliant/Challenging/Infuriating
5/18 Sochi doping allegations could show unprecedented criminality – Reuters
5/18 Zika virus could spread to Europe in coming months – Guardian
5/18 REM sleep (dreaming) shown necessary for memory formation – Kurzweil
5/18 Ingestible ‘origami robot’ lets doctors operate on a patient remotely – Kurzweil
5/18 Magic Leap, the world’s most secretive startup – Wired
5/18 Climate change puts 1.3bn people and $158tn at risk – Guardian
5/17 Goodbye TAs: Georgia Tech professor reveal online assistant was a robot – Mish
5/17 Global warming record streak hits seven months in April – Market Watch
