Economic Outlook

Here’s What I’m Worried About. And It’s Not a Recession

Posted by Wolf Richter

on Wednesday, 4 September 2019 7:37

The locker room at my swim club has become the litmus test. When a complex topic, after years of being absent or ignored, suddenly crops up in conversation, and not just sporadically but all the time, it means that there is some kind of peaking going on. This suddenly hot topic now is a “coming recession.”

Just about everyone is talking about it. This means that fears of a recession or thoughts of a recession have now penetrated into the core of the previously recession-free zone: the swim-club locker room. It means that these recession fears might be peaking.

It makes sense. Recession-fear headlines are popping up everywhere. You cannot escape the drama. It’s not that there is a recession in the United States – far from it. It’s all about a coming recession….CLICK for complete article

Central Banks Have Printed $22 Trillion Worth Of New Credit Since 2008

Posted by Michael Pento

on Wednesday, 4 September 2019 7:33

Last week we wrote about how global central banks have created an economic time machine by forcing $17 trillion worth of bond yields below zero percent, which is now 30% of the entire developed world’s supply. Now it’s time to explain how the time machine they have built has broken down.

In parts of the developed world, individuals are now being incentivized to consume their savings today rather than being rewarded for deferring consumption tomorrow. In effect, time has been flipped upside down. These same central bankers then broke that time machine by guaranteeing investors they will never cease printing money until inflation has been firmly and permanently inculcated into the economy.

They have printed $22 trillion worth of new credit in search of this goal since 2008. This figure is still growing by the day. But by doing so, they have destroyed Capitalism. Freedom is dying; not by some Red Army but by central banks….CLICK for complete article

Why China’s Oil Majors Aren’t Leaving Canada’s Oil Patch

Posted by Tsvetana Paraskova

on Tuesday, 3 September 2019 11:25

China’s state-held oil majors are staying in Canada’s oil sands despite challenges in production growth, unlike major European and U.S. firms that have bailed out of the higher-cost Canadian oil patch.

The three giant Chinese oil companies—PetroChina, CNOOC, and Sinopec—tell Dan Healing of The Canadian Press that they are committed to their Canadian operations, while analysts say that the Chinese energy behemoths can afford to not make…Click here for full article.

Are Blockchain Stocks Poised For A Comeback?

Posted by John Ryan

on Thursday, 29 August 2019 14:01

Along with cryptocurrencies, the blockchain concept has been adopted in many spheres of business and social life, too. We’ve celebrated the tenth anniversary of Bitcoin recently, and since its invention, it has firmly entered into the lives of millions of people. Moreover, the technology that underlies the main crypto helps people solve problems that seemed intractable before.

We now can improve the efficiency of logistics, protect our businesses from...Click here for full article.

Fundamentals Point Higher For Gold Miners

Posted by Adam Hamilton

on Monday, 26 August 2019 8:13

The mid-tier gold miners’ stocks have soared in recent months on gold’s decisive bull-market breakout. They are this sector’s sweet spot for stock-price upside potential, with room for strong production growth which investors love. That’s an attractive contrast to the stagnating major gold miners. The mid-tiers’ recently-reported Q2’19 results reveal whether their fundamentals justify their strong surge this summer.

Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by the US Securities and Exchange Commission, these 10-Qs and 10-Ks contain the best fundamental data available to traders. They dispel all the sentiment distortions inevitably surrounding prevailing stock-price levels, revealing corporations’ underlying hard fundamental realities….CLICK for complete article

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