Courtesy of John Rubino.
Stocks recover on huge (but largely fictitious) US payrolls beat. Gold stabilizes and interest rates continue to fall, with Japanese 20-year bond yields going negative and US yield curve flattening to 2007 levels. Civil unrest in the US, as sniper kills five police in Dallas. UK in turmoil post-Brexit as Labour votes to oust leader, Boris Johnson drops out of PM race, and Nigel Farage leaves UKIP. Clinton gets a pass from FBI on emails, GOP is enraged.
Best Of The Web
Gold stocks’ record summer surge – Zeal
European banks and Europe’s never-ending crisis – Acting Man
When narratives go bad – Salient
World faces deflation shock as China devalues yuan at accelerating pace – Telegraph
Lacy Hunt on negative multiplier of government debt – Mish
Nigel Farage’s farewell press conference – EU Parliament
“Incredibly stupid” Juncker opens Pandora’s Box – Automatic Earth
Just a game – Janus Capital
Quantifornication revisited – AheadOfTheHerd.com
5 confirmed flase flag operations and how to spot them in the future – Anti Media
Humpty-Dumpty — teetering on the Eccles Building wall – David Stockman
Bill Fleckenstein on gold’s bull market and Greenspan’s idiocy – King World News
Greenspan on bubbles – Credit Bubble Bulletin
—————————————————————–
Breaking News
The Economy
7/09 Consumer credit jumps $18.6 B, mostly student loans and autos – Mish
7/09 Treasuries yield curve shrinks to flattest since 2007 – Bloomberg
7/09 Deutsche Bank or dumb bank? – GoldAndOilGuy
7/09 Going Dutch? Netherlands joins the 10Y NIRP club – Zero Hedge
7/09 Chicago on the hook for $24 billion net, triple a year ago – Chicago Business
7/09 26 million Americans are now “too poor too shop” study finds – Zero Hedge
7/08 Brexit opens up bank fault line from Milan to Lisbon – Reuters
7/08 Oil products fill storage tanks and cast doubt over crude demand – Reuters
7/08 Italy state intervention on banks may be needed – Bloomberg
7/08 China said to consider aid package for struggling state firms – Bloomberg
7/08 Where the June jobs were – Zero Hedge
7/08 90% of June job gains went to workers 55 and older – Zero Hedge
7/08 WTO’s new trade index suggests sluggish Q3 world trade growth – Reuters
7/08 Dow adds 150 points after jobs beat – CNBC
7/08 US June payrolls rose 287,000, most in 8 months – Bloomberg
7/08 Japan 20-year bond yield goes negative – Bangkok Post
7/08 US oil closes at near 2-month low, down 4.8 pct – CNBC
7/08 UK property fund suspensions send a warning to the junk bond world – Yahoo!
7/08 Brexit is good news for US high-yield investors – Seeking Alpha
Precious Metals
7/09 Angst-ridden Japanese investors seen seeking haven in Swiss gold – Bloomberg
7/09 Gold: Key technical highs – 321Gold
7/09 Here’s what’s behind gold’s crazy post-jobs volatility – CNBC
7/09 Top gold miners burned record amount of fuel in 2015 – SRSrocco Report
7/09 Jason Zweig: Still wrong on gold – Daily Gold
7/09 For gold, ‘flat is the new down’ – Seeking Alpha
7/09 Money floods into precious metals like never before – MarketWatch
7/09 Gold ETFs now outweigh almost every central bank in gold holdings – 24/7 Wall St.
7/09 Gold miners with leverage to a rising gold price – Seeking Alpha
7/08 GoldMoney announces acquisition of Schiff Gold – Market Wired
7/08 CME raises margins again and here is what it means for gold – Seeking Alpha
7/08 Gold to $1,500? One bank is ahead of the rest with its bet on bullion – CNBC
7/08 China resumes monthly gold buying in bid to diversify reserves – GoldCore
7/08 Ted Butler: Turning of the tide? – GATA
7/08 Mexican silver-miner makes $2.2 billion in June – Daily Bell
7/08 Great Panther Silver increases deal financing to US$26 million – Yahoo!
7/08 Gold bull market confirmed; $1450 the ultimate test – ETF Daily News
7/07 Massive surge in mainstream gold investment demand – SRSrocco Report
7/07 Gold assets top 2,000 tons as the clamor for havens grows louder – GATA
7/07 These 4 banks are bumping their gold forecasts – Shanghai Metals Market
7/07 Gold and silver dip after ADP report – CNBC
Inflation, Deflation, Currency War, Cryptocurrencies
7/08 “Italian gov’t collapse more than just a possibility” – Mish
7/08 Forget Brexit, watch China and the Renminbi – ValueWalk
7/08 Greenspan, gold, and the banality of evil – SafeHaven
7/08 Japan needs fiscal stimulus to end deflation, Abe adviser says – Bloomberg
7/08 The disastrous dollar standard – Daily Reckoning
7/07 Avoiding Europe’s next banking crisis – Bloomberg
7/07 The Brits will get their Norway-style trade deal – David McWilliams
7/07 Populist politicians take on Italy’s massive debt pile – Bloomberg
7/07 How the post-Brexit world could belong to bitcoin – Forbes
7/07 JGBs enter uncharted waters as 20-yr yield hits negative, banks hurt – Yahoo!
Real Estate Bubble
7/08 How hot Chinese money is making Vancouver unlivable – Guardian
7/08 Europe is full …of empty houses – Life Seekers
7/08 Is this what hit housing in San Francisco, Manhattan, and Miami? – Wolf Street
7/08 UK property price declines – rational or overdone? – SafeHaven
7/07 China’s innovation economy a real estate bubble in disguise? – Reuters
7/07 Panic withdrawals force three more UK property funds to freeze assets – Zero Hedge
DollarCollapse Podcasts
7/01 Bexit 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
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
Politics
7/08 State Dept reopens probe of Clinton – Bloomberg
7/08 Donald Trump’s new reality show: the running mate – NY Times
7/08 Anti-Donald Trump forces see convention coup as within reach – Wall St Journal
7/08 Why the Sanders “revolution” must take on the permanent war state – Truth Out
7/08 The blowback begins: Marine demands same treatment as Hillary – Zero Hedge
7/08 Clinton email problems might be even worse than we thought – Washington Post
7/07 FBI’s decision could ultimately be an advantage for Trump – Zero Hedge
7/07 Can the EU survive as a prison? – Mish
7/07 Comey delivers scathing rebuke of Hillary but no indictment – Armstrong
7/07 Euroseptic 5 star movement first party in Italy, survey finds – European Post
7/07 Brexit a double-edged sword for France’s National Front – Reuters
7/07 France’s Marine Le Pen backs Donald Trump for US President – Newsweek
7/06 Death threats and marital strain forced Nigel Farage to quit – Daily Mail
7/06 Trump: Bernie just lost the FBI primary – Real Clear Politics
7/06 EU authority fraying in reaction to Brexit vote – Reuters
Offshore Investing
7/08 Time to adjust your wealth plan – Mountain Vision
7/08 We pulled the ripcord on daily life and moved to Costa Rica – International Living
7/02 America’s offshore tax cheats are feeling the heat once again – Bloomberg
6/29 Anarchy in the UK? What Brexit means for you – Nestmann
Clean Tech
7/07 Turbine industry aims to keep tailwind blowing – USA Today
7/07 Japan’s solar boom showing signs of deflating as subsidies wane – Bloomberg
7/07 California outshines other states in solar power – Forbes
7/06 Solar power is finding its day in the sun – Fortune
7/06 Tesla/Solar City battery systems lessen household costs – Science World Report
7/06 Tesla falls after paring delivery forecast amid factory strains – Bloomberg
7/05 SolarCity pushing to increase useful lifetime of solar power installations – Electrek
7/04 Hanergy debuts four solar-powered prototype vehicles – South China Morning Post
Art of the Collapse
7/03 Debunking Utopia – Future of Freedom Foundation
6/21 Explore bank bailouts, Cyprus anonymous, and more – Pinterest
6/19 Artist’s impression of the opening ceremony at the Rio Olympics – Zero Hedge
6/19 Where Bernie Sanders finally gets hit Trump debate – Daily Beast
6/19 Trump 2016 – Time
War, Civil Unrest, Privacy, Creeping Fascism, Police State
7/09 Sniper kills five police officers in Dallas – Vanity Fair
7/08 Department of political justice – Washington Times
7/08 Washington has been obsessed with punishing secrecy violations – Intercept
7/08 Russian TV shows US diplomat decked by embassy policeman – Bloomberg
7/08 Putin loses it, warns journalists of war – Russia Insider
7/08 Supreme Court’s latest dangerous expansion of police powers – CounterPunch
7/08 China warns U.S. on sovereignty ahead of South China Sea ruling – Asia Times
7/07 British inquiry slams ex-PM Blair for catalog of failures over Iraq war – Reuters
Self-sufficiency, Food Security, Survival
7/08 Scaremongering from the vaccine crowd – Dr Sircus
7/06 5 common mistakes in bulk food storage – Survivalist
7/06 Climate, energy, economy: pick two – Automatic Earth
6/28 Quality survival food – Dr Sircus
6/28 How exercise improves memory – Kurzweil
6/22 ‘Five-year plan’ in college could cut income and retirement – NY Times
6/21 Why fasting bolsters brain power – Juvenon
CyberWar, CyberTerrorism, CyberCrime
7/06 It’s not paranoia: Hackers can use your webcam to spy on you – Star
7/03 Think tank considers ‘Geneva Convention’ for cyberwar – iapp
7/03 Who is Anonymous?: cyberwar – Mother Board
6/30 China perfecting cyber attack – Morning News USA
6/23 Step 1: protect your identity. Step 2: profit – Daily reckoning
6/22 Clinton foundation said to be breached by Russian hackers – Bloomberg
Off-Topic But Brilliant/Challenging/Infuriating
7/08 Tinder and the dawn of the “dating apocalypse” – Vanity Fair
7/08 Welcome to the new prostitution economy – Vanity Fair
7/08 ‘VR porn’ Google searches up 9,900% since 2014 – Daily Mail
7/08 It doesn’t look like virtual reality is a thing yet – Fortune
7/08 A fleet of M&M shooting drones is the black footed ferret’s last hope – Wired
7/06 Did a fear of slave revolts drive American independence? – NY Times
7/04 Drones: the brave new world of data collection – Economy and Markets
7/04 Robot lawyer successfully appeals 160,000 London and NY parking tickets – Mish
7/04 Californians seek pot of Gold in Cannabis legalization – Fortune
7/03 First self-driving vehicle death – Kurzweil
7/02 ‘Horrible’ idea for legal pot could be worth voting for – Washington Post
