Credit Bubble Bulletin: One Extraordinary Year

By Doug Noland 02/15/2020 Confirmed coronavirus cases almost doubled over the past week to 67,000. Part of the spike was the result of including a group diagnosed through CT imaging scans rather than with typical coronavirus testing. The ballooning number of patients with viral symptoms has overwhelmed the capacity for normal testing. Troubling [...] Read more

Credit Bubble Bulletin: Dr. Li Wenliang

By Doug Noland 02/08/2020 The S&P500 rallied 3.2% this week (trading to all-time highs Thursday), more than reversing (by 1.5 times) the previous week’s 2.1% decline. Ten-year Treasury yields rebounded as well, yet the eight bps rise was less than half the previous week’s 18 bps drop. Commodities markets couldn’t muster any recovery this week. [...] Read more

Gold Mine Output Falls for First Time Since 2008

Gold Mine Output Falls for First Time Since 2008

By SchiffGold 01/30/2020 After flat-lining over the last several years, gold mine output fell by 1% in 2019. This is further evidence that we could be heading into a long-term and perhaps irreversible decline in gold mine production. According to the World Gold Council, total gold mine output in 2019 came in at 3,463.7 tons. A particularly weak [...] Read more

Gold mine gangs tote AK-47s to outgun South African police

Gold mine gangs tote AK-47s to outgun South African police

Reference image in the public domain taken from Piqsels) By Felix Njini, with assistance from Samuel Dodge, Bloomberg News 02/02/2020 At 10 p.m. on the second Sunday in December, a criminal platoon armed with AK-47 and R6 assault rifles stormed one of the largest gold mines still operating on South Africa’s fabled Witwatersrand basin. Moving with [...] Read more

Credit Bubble Bulletin: The First Major Pandemic Scare

By Doug Noland 02/01/2020 January 31 – Bloomberg: “Chinese officials took issue with U.S. comments about the country’s response to the coronavirus outbreak, and promised they would bring the infection under control. ‘U.S. comments are inconsistent with the facts and inappropriate.’ Chinese Ministry of Foreign Affairs Spokeswoman Hua Chunying said… [...] Read more

Credit Bubble Bulletin: Coronavirus and the End of Boom and Bust

By Doug Noland 01/25/2020 The market week began with cases of the coronavirus jumping to 222, including four outside China. China’s National Health Commission confirmed human-to-human virus transmission. By Friday, more than 1,200 infections had been confirmed, with 41 deaths (8,420 under observation according to the Washington Post). China on [...] Read more

Credit Bubble Bulletin: "This is Insane"

By Doug Noland 01/18/2020 Please join Doug Noland and David McAlvany this coming Thursday, January 23rd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q4 recap conference call, "Surviving an Equities Melt Up” Click here to register. “...Investors kept plowing money into U.S.-listed ETFs. A cool $13.4 billion flowed into [...] Read more

Credit Bubble Bulletin: Issues 2020

By Doug Noland 01/11/2020 When I began posting the CBB in 1999, I expected “Bubble” to be in the title for no longer than a year or two. It was to be the “Credit Bulletin,” inspired by Benjamin Anderson’s “Economic Bulletin” from the 1920’s. Yet here we are in 2020 with Bubbles everywhere, including in my blog title. In 1999, I would have said [...] Read more

Baltic Dry Plunges Most Since 2008 As Tariff-Frontrunning Ends

By Tyler Durden 01/08/2020 The Baltic Exchange's main sea freight index fell for the 20th consecutive session to an eight-month low (the longest streak of losses since Nov 2015) as world trade continues to slump amid signs the so-called "front-loading" effect ahead of tariff deadlines has ended. The Baltic Dry Index, which tracks rates for [...] Read more

Doug Casey’s Top 7 Predictions for the 2020s

Doug Casey’s Top 7 Predictions for the 2020s

By Doug Casey 01/03?/2020 The task is to make some predictions (although “forecasts” sounds more legitimate) about the Big Picture. OK, I’m game. Let’s write some plausible science fiction, with a tinge of horror story. #1 Demographics First, it’s good to remember that demographics have a life of their own. That’s not good from the point of view [...] Read more

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