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Deflation Warning: The Next Wave

The global economic slump is accelerating
Wednesday, September 30, 2015, 11:36 PM

The signs of deflation are now flashing all over the globe. In our estimation, the possibility of an associated financial crisis is now dangerously high over the next few months. » Read more



Why Greece Is The Precursor To The Next Global Debt Crisis

The Eurozone fantasy will be one of the early casualties
Friday, July 10, 2015, 10:48 AM

There is no way for Greece to fix its debt problem if it keeps the euro as its currency.  Every purported solution that doesn’t address the core cause of the debt is mere theater. » Read more



The Price of Everything & The Value of Nothing

Is all we know in a bubble-driven market
Tuesday, June 23, 2015, 3:50 PM

My view is that the stock market is simply pegging itself to the idea that the central banks have backed themselves into a corner and that there’s no other option but to keep the liquidity spigots open. I cannot fault that view, as it has been right for the past 6 years.

However, it cannot be true forever. And we all know that a day of reckoning is out there somewhere.  » Read more



As Goes The Credit Market, So Goes The World

When confidence cracks, we'll see it there first
Friday, June 5, 2015, 10:46 AM

During the prior economic cycle of 2003-2007, one question I asked again and again was: Is the US running on a business cycle or a credit cycle?

That question was prompted by a series of data I have tracked for decades; data that tells a very important story about the character of the US economy. Specifically, that data series is the relationship of total US Credit Market Debt relative to US GDP. » Read more


Oleksii Sergieiev, Dreamstime

For Heaven's Sake: Hedge!

If you're not positioned defensively by now, you're nuts
Thursday, April 30, 2015, 9:58 PM

Last fall, I wrote an article titled Defying Gravity that warned of the absurd price levels that stocks and bonds had risen to. Less than a month later, the stock market abruptly dropped by 7%. Those who didn't seek safety in advance were left licking their wounds, panicked not knowing if the painful down-draft was over.

So here we are roughly six months later, and the same warning bells are ringing -- just louder this time. » Read more


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Off the Cuff: Economic Growth Is Dead

But no one is willing to admit it
Thursday, April 30, 2015, 4:15 PM

In this week's Off the Cuff podcast, Chris and John Rubino discuss:

  • Economic Growth Is Dead
    • Though world governments fear admitting that
  • The War On Cash
    • Rumors abound cash may eventually be outlawed
  • Crisis Inevitability
    • A crash is coming, whether we're too exhausted for it or not
  • Civil Rights Are Casualty #1 Of Our Failing System
    • Baltimore is just the latest flashpoint in many more to come


Has The Fed Already Lost?

Growth is dying & the Fed has few options left
Friday, April 17, 2015, 2:36 PM

Increasingly we live in a world of Now. Instantaneous access to digital real time data and news has simply become a given in our lives of the moment.

You may be surprised to know that the Federal Reserve has taken notice. » Read more



Off the Cuff: Hot Money, Cold Econony

Global capital is fleeing Asia, while US GDP stagnates
Thursday, April 16, 2015, 1:28 PM

In this week's Off the Cuff podcast, Chris and Brain Pretti discuss:

  • Global Capital Flows
    • The hot money is fleeing Asia and inflating Western assets
  • What Recovery?
    • GDP growth appears to be returning to 0%
  • What Will Happen When The Fed Raises Rates
    • Or better put: can it raise rates without destroying the economy?
  • Lack Of Competent Leaders
    • Those making the big decisions are not the ones we want making them


David Stockman: The Global Economy Has Entered The Crack-Up Phase

And will be characterized by these 4 developments
Sunday, February 15, 2015, 2:42 PM

Few people understand the global economy and its (mis)management better than David Stockman -- former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier.

David is now loudly warning that events have entered the crack-up phase, which he predicts will be defined by the following 4 developments: » Read more


Sergey Uryadnikov/Shutterstock

The Oil Crunch Begins To Bite

The repercussions are going to be vicious
Monday, February 2, 2015, 9:39 PM

While much of the financial press has been working to cast the drop in oil prices as 'unambiguously good' for US and global economies, the reality is, well, a lot more ambiguous. » Read more