Courtesy of John Rubino.
US productivity drops for third straight quarter. Oil price jumps on rumors of output cap. Stocks, gold and silver up slightly. China trade data disappoints. US debt now has negative yield for foreign investors. Most Americans worse off today than in 2005. More good earnings reports from precious metals miners. A major bitcoin hack throws crypto-currency world into turmoil. Trump attempts to salvage his campaign.
Best Of The Web
A crisis of intervention – Sovereign Man
Priced out of the ‘open society’ – SAXO Group
Updating government finance quasi-capitalism – Credit Bubble Bulletin
A global derivatives expert shines the light on systemic risk – Garret Galland
What happens when rampant asset inflation ends? – OfTwoMinds.com
Bernanke’s “enrich-thy-neighbor” doctrine now in “full bloom” – FRA
Impermanence and full-cycle thinking – Hussman Funds
Minsky’s moment – Economist
Weekly commentary: Bubble battles – Credit Bubble Bulletin
Jim Grant is bullish on gold, bearish on Craft – Barron’s
Negative interest rates: necessary evil or symbol of greed? – Telegraph
IMF admits disastrous love affair with the euro – Telegraph
Biggest companies in the S&P 500 use made-up earnings numbers – MarketWatch
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Breaking News
The Economy
8/09 Meanwhile in Greece… – Automatic Earth
8/09 Spain’s yield gap tightest in more than a year on ECB stimulus – Bloomberg
8/09 Dear Prof. Siegel: Are you f***ing kidding me? – Felder Report
8/09 Marc Faber: S&P is set to crash 50%, giving back 5 years of gains – CNBC
8/09 Morgan Stanley expects oil to hit $35 in a few weeks – Zero Hedge
8/09 Wholesale inventories rise, sales surge most in 4 years – Zero Hedge
8/09 Saudi building bust traps thousands in desert nightmare – Bloomberg
8/09 US productivity unexpectedly drops again – CNBC
8/09 Why China can’t solve its debt problem – Bloomberg
8/09 August corporate bond issuance breaks all records – Zero Hedge
8/09 Reasons to be optimistic today – Korelin Economics Report
8/09 “Most hated rally” fully embraced amid record speculative equity longs – Zero Hedge
8/09 The consequences of Big Oil’s exploding debt – Oil Price
8/09 Product glut sees Chinese crude oil imports fall to six-month low – Oil Price
8/09 Can too much of a bad thing ever be a good thing? – ICA
8/09 Quiet people with universal income while global government grows – Daily Bell
Precious Metals
8/09 Gold to thrive in a fiat Ponzi with negative yield – Prophecy Dev
8/09 The last known gold mine – Seeking Alpha
8/09 Silver Standard resolves tax dispute with CRA – Seeking Alpha
8/09 What the jobs reports means for gold – Seeking Alpha
8/09 We expect gold to break out: buy – Seeking Alpha
8/09 Monetary exhaustion means rising gold prices – Forbes
8/09 Gold weekly: don’t get scared now – Seeking Alpha
8/09 Why Doug Casey thinks we could see $5,000 gold – Casey Research
8/09 Top Silver Mining CEO makes a remarkable price forecast – Money Metals
8/09 Diversifying with gold new strategy for Janus Capital’s Bill Gross – Schiff Gold
8/09 ‘Gold counter cyclical?’ – Seeking Alpha
8/09 The victory for gold bulls is only just beginning – Financial Times
8/09 Conversation with a gold veteran – Capitalist Exploits
8/09 Bullish on gold for years: Gartman – CNBC
8/09 Gold and silver dominate the ETF charts – Wall Street Journal
8/09 Don’t sweat gold weakness – it’s just a new higher range – Kitco
8/09 Why Singapore investors need to watch the silver market – Singapore Business Review
8/09 The great silver bubble – 24hGold
8/08 Somehow the case for gold makes it into the Financial Times – GATA
8/08 Great Panther Silver’s Q2 2016 results – Seeking Alpha
8/08 Gold is running out of steam – Seeking Alpha
8/08 Shanghai Gold Exchange withdrawals slump nearly 60% in July – Smaulgld
Inflation, Deflation, Currency War, Cryptocurrencies
8/09 Brexit bulletin: What the rest of the EU wants – Bloomberg
8/09 The Fed is losing control of global monetary conditions – Bloomberg
8/09 The yuan’s wild year: devaluation panic gives way to steady drop – Bloomberg
8/09 Monday humor? Spanish bond yield plunges below 1% for first time ever – Zero Hedge
8/09 8 crazy facts about the national debt – Washington Examiner
8/09 Are negative rates backfiring? Here’s some early evidence – Wall Street Journal
8/08 The seven-year short – Bloomberg
8/08 China’s great river of steel swells as trade tensions build – Bloomberg
8/08 Theft and mayhem in the bitcoin world – Forbes
8/08 Bitcoin’s latest economic problem – market ouvert or squatters’ rights – Forbes
Real Estate Bubble
8/09 Vivint Solar rooftop installations rise, reversing decline – Bloomberg
8/09 One in three families are a month’s pay from losing homes – Guardian
8/08 Frozen loans trigger Australian property funding crisis – AFR
8/07 Is CMBS the next “shoe to drop”? – Zero Hedge
8/05 This bond sale may save Wall Street’s $566 billion problem – Bloomberg
DollarCollapse Podcasts
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
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
Politics
8/09 Trump vows to “jump start” economy with “tax revolution” – Zero Hedge
8/08 Trump is ‘chagrined’ and realizes his campaign is in trouble – CNBC
8/08 How a hairdresser’s lawsuit could spell trouble for Brexit – Bloomberg
8/08 Why Clinton can thank Trump for her polling bump – Washington Post
8/08 As Trump incites feuds, other GOP candidates flee his shadow – NY Times
8/08 TGOP congressman says he’ll vote for Libertarian ticket over Trump – Fox News
8/08 How Trump created the worst week any candidate’s ever had – Huffington Post
8/08 Can John McCain survive Donald Trump’s White House bid? – NBC News
8/08 Trump’s new economic dream team a nightmare for Hillary – Western Journalism
8/08 Some Bernie Sanders supporters finding a new home within the Green Party – NPR
8/07 Reuters baffled as Clinton’s lead over Trump suddenly evaporates – Zero Hedge
8/07 Trump’s poll numbers are so bad his supporters are making up new ones – Vox
8/07 Former CIA chief smacks down Trump in Clinton endorsement – Huffington Post
Offshore Investing
7/20 Costa Rica: Central America’s hidden gem – Sovereign Investor
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
Clean Tech
8/09 First Solar beats revenue, tunes guidance, nears 17% module efficiency – GTM
8/09 If Tesla acquires SolarCity, success will depend on energy storage – Greentech Media
8/09 The battery-powered buildings that let households share solar power – Virgin
8/09 Texas is drowning in wind energy – Popular Mechanics
8/08 World’s largest carbon producers face landmark human rights case – Guardian
8/08 California’s rise in solar and wind electricity – Forbes
8/05 Tesla confirms plan to use own inverters for SolarCity installs – PV Tech
8/04 Tesla earnings miss mark – MarketWatch
8/04 Musk declares Tesla free of factory hell with targets intact – Bloombergs
Art of the Collapse
8/09 How you got screwed – a user’s guide to a rigged system – Zero Hedge
8/08 Greed corrupts in thrilling ‘Junk’ – San Diego Union-Tribune
8/08 Trump to replace Constitution with the Ferengi Rules of Acquisition – News Thump
8/02 Homer Simpson: “And that’s how I became a Democrat” – Zero Hedge
7/27 Meanwhile at the DNC – Zero Hedge
War, Civil Unrest, Privacy, Creeping Fascism, Police State
8/09 Germany’s migrant rape crisis spirals out of control – Gatestone Institute
8/09 Facebook removes potential evidence of police brutality too readily – Intercept
8/09 Deportation European style: dear terrorist, please go home – Mish
8/09 Death toll climbs in Pakistan after Taliban hospital bombing – Yahoo!
8/09 Regardless of the election, Americans can expect less privacy – Washington Examiner
8/09 America’s war for the Greater Middle East – AlJazeera
Self-sufficiency, Food Security, Survival
8/09 A roof on the run – bug out shelters – Survival Sullivan
8/08 No, exercise does not wipe out previous memories – Kurzweil
8/08 Feed your family on zero acres – Reluctant Preppers
8/07 How to protect your financial apps from getting hacked – CNBC
8/05 Eating more plant protein associated with lower risk of death – Kurzweil
8/04 Obama just signed a GMO labeling law – Zero Hedge
8/03 The dangers of thinking you’re prepared… if you’re not – Total Wealth
7/31 Owning the asset you can eat – Reluctant Preppers
CyberWar, CyberTerrorism, CyberCrime
8/09 Health files make for a juicy target for thieves – Boston Globe
8/09 A no-rules cyberwar is well under way – San Francisco Chronicle
8/08 Is cyberwar turning otu to be very different from what we thought? – Politico
8/07 If two countries waged cyber war on each another, what to expect – EconoTimes
8/03 The Jeep hackers are back to prove car hacking can get much worse – Wired
Off-Topic But Brilliant/Challenging/Infuriating
8/09 More than 60% of Maldives’ coral reefs hit by bleaching – Guardian
8/09 “Zika zone” turns into ghost-town as planes spray neurotoxins – Zero Hedge
8/08 If flossing is out, prepare for a lot of bad breath – MarketWatch
8/08 Humpback whales are mysteriously rescuing animals from orcas – MNN
8/07 Washington Post will use robots to write stories about the Rio Olympics – Recode
8/07 The average Americans’ weight change since the 1980s is startling – CBS
8/07 Singapore unveils “real” self-driving taxis – Mish
8/06 Huge haul of slain sea turtles tests Vietnam – National Geographic
8/06 Florida shudders as Zika spread forces Miami shops to close – Bloomberg
8/03 A madman’s parachute-free skydive into a giant net – Wired
8/03 New Navy tech makes it easy to land on a carrier – Wired
