Courtesy of John Rubino.
Bank of England having QE problems. US productivity drops for third straight quarter. Oil price stable on rumors of output cap. Stocks flat, gold and silver up on USD weakness. 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
The Brexit vote and endgame time for the EU – David Stockman
Globalization is dead, but the idea is not – Automatic Earth
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
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Breaking News
The Economy
8/10 Return on UK government bonds turns negative – GATA
8/10 Soaring debt has US companies as vulnerable to default as 2008 – Bloomberg
8/10 For oil companies, $110 billion debt wall looms – Bloomberg
8/10 Rogues gallery – exposing the group of 50 – Daily Coin
8/10 An unsolvable math problem – Zero Hedge
8/10 New jobs report numbers don’t reflect real growth – Schiff Gold
8/10 Deutsche Bank unexpectedly found to have huge capital gap – Zero Hedge
8/10 Negative interest rates: have they backfired already? – Mish
8/10 The US economy is suffering from the same old problem – Bloomberg
8/10 Bank of England suffers stunning failure on second day of QE – Zero Hedge
8/10 Chinese bond yields tumble to 2009 lows – Zero Hedge
8/10 The coming breakdown of US & global markets explained – SRSrocco Report
8/10 Wake up and smell the bull trap! – GoldAndOilGuy
8/10 French tourism down 10% on average following terrorist attacks – Mish
8/09 Meanwhile in Greece… – Automatic Earth
8/09 Spain’s yield gap tightest in more than a year on ECB stimulus – Bloomberg
Precious Metals
8/10 Hike or no hike, the gold bull to continue – Seeking Alphas
8/10 First Majestic Silver posts Q2 profit, cuts outpupt, cost guidance – Kitco
8/10 Palladium at year high, driving precious metals on Chinese cars – Bloomberg
8/10 Charade continues as London metal markets get more paper trading – GATA
8/10 LME goes precious, brings back gold and silver, eventually PMGs – MetalMiner
8/10 Investment demand sustaining gold’s run – Seeking Alpha
8/10 Gold solidly higher as US dollar index erodes – Kitco
8/10 Franco-Nevada beats 2Q profit forecasts – Yahoo!
8/10 No, this won’t cause a gold shock (something else will) – Daily Reckoning
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
Inflation, Deflation, Currency War, Cryptocurrencies
8/10 Banks and tech firms apply blockchain to trade finance – Yahoo!
8/10 BOJ review likely to defend massive stimulus program – Reuters
8/10 The problem with Europe is the euro – Guardian
8/10 Negative interest rates: can they ever occur naturally? – Mish
8/10 The demon barber of bitcoin – Forbes
8/10 Arrivederci Treasuries as Italy yields lure Japan investors – Bloomberg
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
Real Estate Bubble
8/10 Housing ‘shell shock’ faces Danes who think market can only rise – Bloomberg
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
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
8/10 One-in-five U.S. Republicans want Trump to drop out: Reuters/Ipsos poll – Reuters
8/10 Trump’s remarks on gun rights, Clinton unleash torrent of criticism – Reuters
8/10 Clinton leads Trump in 3 battleground states: New polls – CNBC
8/10 Emails highlight Clinton foundation’s ties to State Department – Wall Street Journal
8/10 BOJ review likely to defend massive stimulus program – Reuters
8/10 Trump suggests ‘second amendment people’ could stop Clinton – Bloomberg
8/10 The year America’s two-party system officially began to implode – Zero Hedge
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
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
8/10 Marc Faber: Tesla shares are going to $0 – CNBC
8/10 NRG applies to acquire 2.1 GW of SunEdison solar and wind projects – PV Magazine
8/10 SunPower reports Q2, 2016 results, announces restructuring – SolarServer
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
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
8/10 Vietnam moves new rocket launchers into disputed South China Sea – Reuters
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
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
