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Global Youth Unemployment Hits 35 Million As Recent Grads Lean On Parents

"More than 35 million young people, aged 16-29 are neither employed nor in education or training," the OECD reports. Meanwhile, two-thirds of college graduates will depend on their parents for up to five years after graduation in the US.



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Why Russia Is On A Gold Buying Spree

"As you know we are increasing our gold holdings, although this comes with market risks. The price of it (gold) swings, but on the other hand it is a 100 percent guarantee from legal and political risks."



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Understanding The Next 10-Years Of Low Returns

Markets are not cheap by any measure. If earnings growth continues to wane or interest rates rise, the bull market thesis will collapse as "expectations" collide with "reality." This is not a dire prediction of doom and gloom, nor is it a "bearish" forecast.  It is just a function of how markets work over time. This time is "not different." The only difference will be what triggers the next valuation reversion when it occurs.



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These 19 Passports Will Be A Lot More Valuable On July 1st

Representatives from the European Union recently closed out a summit in Riga to decide the future of EU visa policy with respect to Ukraine. Once again, Ukraine was denied visa-free access to the EU, proving that “European support” for Ukraine against Russia is just hot air and empty promises. There are, however, 19 other countries, which will be joining the EU visa-free list as of July 1, 2015.



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Democracy Or Oligarchy - You Decide

In the interests of clarifying what it is that America has become, we offer this...



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IRS Blames Taxpayer Data Breach On Russian "Crime Syndicates"

"The IRS believes that a major cyber breach that allowed criminals to steal the tax returns of more than 100,000 people originated in Russia", CNN says, in what amounts to an escalation of what Washington claims is a cyberwar against a growing list of so-called "cyberadversaries."



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Crude Craters After API Reports "Disappointing" Inventory Build

WTI Crude hit new 6-week lows at $57.36 after the close as API inventory data showed a build of 1.268 million barrels (after 3 weeks of draws) - dramatically higher than the 5.2mm barrel draw last week. Cushing saw a very small 72k draw.



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Welcome To The Funny-Money Generation

Genuine economic growth is something you can allow, but you cannot force. If you try to trick your way to it – with phony interest rates, more debt, and cockamamie inflation targets – you will retard the growth, not speed it up. This is obvious, too. But Ms. Yellen is paid not to see it. And in the absence of real growth, the Dow at 18,000 looks vulnerable. It wouldn’t be at all surprising to see a rolling top take shape... with a sharp break in the fall. But here we leave the vagaries of the market to pay homage to America’s Second Greatest Generation.



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Low Wages & Unemployment Are An Existential Crisis For Millions

If millions of young Americans don't start earning more money, they can't afford to have children, or take care of them properly, and that is the end of us as a nation.



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Switzerland To Open Bitcoin Bank As Crypto "Fort Knox" Relocates To Zurich

Switzerland is set to open its first Bitcoin bank, multiple sources tell Handelszeitung. Meanwhile, Xapo, the self-appointed "Fort Knox" of the crypto currency world, is relocating from Silicon Valley to Zurich.



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Using Logic, Facts, & Basic Math? - You Are A "Doomer"

“Things always become obvious after the fact”Nassim Nicholas Taleb

“Facts do not cease to exist because they are ignored.”  – Aldous Huxley



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Dip-Buyers Rescue Nasdaq Back Above Record Close

Mission Accomplished-er...



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Venezuela Solves Toilet Paper Shortage As Inflation Surpasses 100%

“You want to buy a car? There aren’t any. You want to buy an apartment? You can’t afford one. Basic products aren’t available,” he said. “The only refuge that people have is buying dollars, and because of that, the demand doesn’t stop.”



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