Italian Bonds Tumble, Triggering Goldman “Contagion” Level As Political Crisis Erupts In Spain

When it comes to the latest rout in Italian bonds, which has continued this morning sending the 10Y BTP yield beyond 2.40%, a level above which Morgan Stanley had predicted fresh BTP selling would emerge as a break would leave many bondholders, including domestic lenders…

China Gold Demand Off To Hot Start

Via GoldTelegraph.com, It looks to be another boom year for gold. Investors are anticipating a continued demand for the precious metal for the fifth year in a row, driven by geopolitical uncertainties and less-than-strong predictions for the U.S. economy and the U.S. dollar in 2019. In times…

“This Is As Bad As It Gets” – Magma Flowing From Hawaii’s Kilauea Forces Thousands To Flee

After first erupting on Thursday, Hawaii’s Kilauea volcano has continued to send molten magma up through the eight fissures that have now opened up in the ground in a part of Hawaii that is home to several ritzy neighborhoods, including the tony Leilani Estates, where…

US Launches Anti-Dumping Probe Into Steel Wheels From China

The tit-for-tat trade spat between the US and China continued late Tuesday when the US revealed that it is starting a new investigation into whether steel wheels produced in China are illegally dumped in the US – an investigation that’s being carried out at the…

US Futures Surge; Confused Dollar Stumbles Then Spikes Higher

US equity futures continued their Monday ramp, rising 0.5% alongside advancing stocks in Europe after investor focus shifted to earnings and the economic outlook, and away from fading geopolitical and trade war risks. The result is another sea of green in our futures screen this…

Rosenberg: Household Buying Plans Take A Deep Dive

We previously noted that the personal savings rate has continued to decline, and in the latest month it tumbled from 3.2% to 2.9%, the lowest since November 2007, which as a reminder is one month before the recession started. This incidentally explains the surge in…

WTI/RBOB Extend Gains After ‘Surprise’ Crude Draw; Production New Record High

WTI/RBOB extended yesterday’s gains this morning, after bullish API data, and continued higher after DOE data confirmed the surprise crude build and decent sized product draws. Production rose to a new record high. A “tidal wave” of bullish news – including falling oil stockpiles following winter and…

Ep. 661 Conservative Voices Are Being Silenced

In this episode I address the continued attacks on conservative voices and the efforts to suppress honest political debate. I also discuss some positive news about the economy that you may not be hearing about.    The hysteria to label everyone Russian “bots” may lead…

Ep. 653 Is There a Soft Coup Still Ongoing?

Is there an ongoing soft coup going on? Why the continued efforts to obtain kompromat on Trump? Even left-wing outlets are acknowledging the ongoing efforts to obtain foreign information about Trump.  Former CIA Director John Brennan is in a world of trouble for his role…