Could it be possible that this coronavirus outbreak will be the trigger that finally bursts the biggest stock market bubble in U.S. history? As I have discussed previously, stock prices in the United States were the most overvalued that they have ever been during the month of January, and our stock market has never been… Read More
Summary: New York Post reports first Coronavirus case in Queen, but NYC health spokesman denies. Confirmed cases worldwide rise to 9,928 from 7,700 a day earlier, with 213 fatalities. UK Researchers suggests 75,800 infected in Wuhan Impact of virus “not fully reflected” in rigged China PMI number Goldman disagrees with Ross, says virus blowback will… Read More
SOUTH Africa’s beleaguered power utility, Eskom, told its customers to brace for regular rotational power cuts over the next 18 months as it embarks on an aggressive maintenance plan to overhaul its ageing coal-fired plants and halt a prolonged period of unexpected breakdowns. The stepped-up maintenance programme is intended to stabilise the country’s neglected power… Read More
The World Health Organization says that we are facing an “unprecedented outbreak”, and they are basing that assessment on the official numbers that we have been given so far. But what if those numbers are not accurate and this outbreak is actually much, much worse than we have been led to believe? According to the… Read More
January 30, 2020 by SchiffGold 0 0 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… Read More
OK, let’s look at the Tesla magic briefly. By Wolf Richter for WOLF STREET. Tesla’s profit was all about Tesla’s pollution credits, or “regulatory credits,” as it calls them. These are tax credits that Tesla gets from governments and sells to other companies. There is no cost associated with them; they’re booked as revenues and flow through to… Read More
Update (1130ET): The Global Times has confirmed another death, bringing the death toll to 133, and another ~30 cases have been confirmed on the mainland. * * * Update (0950ET): Germany’s Lufthansa and American Airlines are the latest airlines to suspend flights to China. American is cancelling flights from LAX to Shanghai and Beijing beginning… Read More
Unthinkable doesn’t mean unsinkable. As we all know, the “unsinkable” Titanic suffered a glancing collision with an iceberg on the night of April 14, 1912. A half-hour after the iceberg had opened six of the ship’s 16 watertight compartments, it was not at all apparent that the mighty vessel had been fatally wounded, as there was… Read More
During the 1990s, Portugal was devastated by a drug crisis where one in every 100 people became addicted to heroin and the rate of HIV infection soared to become the highest in the European Union. But, as Statista’s Niall McCarthy notes, Portugal’s radical move to put an end to the carnage should prove an example to other… Read More
TOKYO (Reuters) – Hong Kong casino operator Melco Resorts & Entertainment Ltd (MLCO.O) is cooperating with Japanese prosecutors in a widening bribery investigation of a senior Japanese ruling party lawmaker, a source said on Wednesday. “Tokyo prosecutors sent Melco a letter and visited the office on Jan 17 after receiving no reply,” said the source,… Read More
It’s been a while since I have written about German bunds and other nuttiness in the European fixed-income markets. Although I am still long-term kodiak-grizzly-bearish on European bonds, I have had the good fortune to make friends with Mattia Parolari from Barclays Bank in Paris. Mattia is an institutional rates strategist specializing in European fixed-income.… Read More
BLACK Royalty Minerals (BRM) was “ready to operationalise” Koornfontein Coal Mine (KCM) after the High Court dismissed applications seeking to interdict the transfer of the mine from business rescue to BRM’s control. Ndavhe Mareda, chairman of Makole Group of which BRM is a part, said the “hard work” of getting the Mpumalanga province coal mine… Read More
Billions of locusts are eating everything in sight in east Africa right now, and every single day many more farms are being completely wiped out. Unfortunately, authorities are telling us that what we have seen so far is just the tip of the iceberg. In fact, if extreme measures are not implemented immediately, authorities are… Read More
Renowned geopolitical and financial cycle expert Charles Nenner still stands by his prediction that “gold will go to $2,500 per ounce” in the next few years. Nenner explains, “Cycles show me that gold and silver will be going up for a couple of years. . . . I take profits in a short term top,… Read More
According to analysts and economists who watch these things, Germany’s IFO Business Climate Index was expected to continue its rise. Having purportedly bottomed out back in September, like other sentiment indicators this one had been on the rebound, too, if, though, much less than those others (especially the “stimulus” loving ZEW). While maybe not suggesting… Read More
The potential for a consequential disruption in China’s supply chains appears to be vastly under-appreciated. Despite the current drop in stocks (less than 1.5% as this is written), there’s a tremendous reservoir of complacency about the economic and financial impact of the coronavirus epidemic. The zeitgeist reflects an implicit confidence that the coronavirus will blow over like the… Read More
Ever since this coronavirus outbreak first began, the mainstream media has been feeding us fake news over and over again. Initially, we were repeatedly told that there was very little to be concerned about because it was very unlikely that human to human transmission was happening. But now we know that this virus spreads very,… Read More
Restrictions that allow a significant number of people to move about, either with official approval or unsanctioned “black market” activity, cannot stop the spread of contagious diseases. Like everyone else, I’ve been reading the mainstream media reports on the Coronavirus epidemic. I haven’t found any information about the practicalities that immediately occur to me, such… Read More
How Do You Research Stocks? Some people prefer using Buffetology, Magic Formula, or even filters such as Altman-Z scores. If you’re one of them, then this Stock Rover review has got you covered. Today, we are going to take a look at Stock Rover. Stock Rover is a subscription-based analysis software service. It offers resources… Read More
Authored by Eric Margolis, Plagues from the east are nothing new… The Black Death and other epidemics arrived in Europe from China during the 1300’s, killing a large percentage of its population. Much of this pestilence came from rats that stowed away on merchant ships coming from the east. At the end of World War… Read More