Gresham’s Law And Bitcoin

Authored by Charles Hugh Smith vioa OfTwoMinds blog, Rather suddenly, the state issued fiat currency bolivar lost 99% of its purchasing power. Gresham’s law holds that “bad money drives out good money,” meaning that given a choice of currencies (broadly speaking, “money” that serves as a…

Goldman: The Economy Is Growing “Very Rapidly” But That’s As Good As It Gets

After another unexpectedly weak first quarter for US GDP (the 4th in a row), the US economy appears to have suddenly hit the nitrous as the unexpectedly strong Friday payrolls report showed, and from one forecast such as the Atlanta Fed which now sees GDP…

Sleep-Walking Into The Next Crisis?

Authored by Kevin Muir via The Macro Tourist blog, Quick – the United States suddenly backtracks on half century of globalization and enters a trade war with almost all of its trading partners – do you buy or sell equities? And how about bonds? Don’t…

Peace Prize On The Rocks: North Korea Calls Pence A “Political Dummy”, Threatens To Call Off Summit

Trump’s Nobel Peace Prize is suddenly in jeopardy. Just a few weeks after the US president seemed on the verge of a historic diplomatic breakthrough by getting North Korea to open its borders to the world and end its nuclear program, progress appears to have…

Liz Warren takes up case of Indian casino…and its Malaysian sponsors with a history of big donations

Granny Warren, who up until now has hated casinos, suddenly gets warm for them with a big-dollar donor in the picture.   VISIT THE SOURCE ARTICLE Liz Warren takes up case of Indian casino…and its Malaysian sponsors with a history of big donations

Intel Crashes: Apple To Start Using Own Mac Chips, Moving Away From Intel

Intel stock was already having a bad day, down over 5%, when it suddenly tumbled even lower, plunging as much as 8.8%, its biggest slide in over 2 years, following a Bloomberg report that Apple is planning to use its own chips in Mac computers…

Kuroda Shocks Markets Hinting At QE End; Nikkei, USDJPY Tumble

In addition to the suddenly escalating global trade war, overnight traders had one more thing to worry about: another central bank unwinding its QE program. This happened shortly after midnight ET, when BOJ Governor Kuroda unexpectedly announced that the Bank of Japan will start thinking…

FOMC Minutes Preview: “The Most Likely Surprise Is 4 Rate Hikes In 2018”

The Dollar is suddenly rising and rate hike expectations are now at their highest of the cycle – 2.76 hikes in 2018 are priced in – (despite stocks still not being anywhere near back to pre-Powell-put-implied levels). But as Rafiki Capital Management’s Steven Englander notes,…

Bombshell: Sen. Johnson reveals that a DOJ ‘informant’ tells of offsite ‘secret society’ meetings

A moment of clarity may be upon us, as the complex narrative necessary to untangle the web of corruption within the FBI and DOJ suddenly simplifies itself with the two words: “secret society.”  The words were first introduced to the national conversation two days ago…