Archive - Aug 2015 - Blog entry

The hard data runs completely counter to the uptick in GDP growth shown by Fed's models. 

China is preparing for a resumption of currency wars and an international monetary crisis, Obama and Kerry warn dollar may “Cease to be the reserve currency of the world”

Honey, have you seen my trial balloons?

After years of moving lower, the past two quarters have seen a marked increase in Commercial & Industrial Nonperforming Loans.

“Maybe this isn’t a great indication of the state of the economy.”

What was once the most popular Android manufacture in the world, HTC’s market price has now fallen below the value of its own cash reserves of roughly $1.4 billion. According to Calvin Huang of Sinopac Financial Holdings Co. in Taipei, “HTC’s cash is the only asset of value to shareholders. Most of the other assets shouldn’t be considered in their valuation because there’s more write-offs to come and the brand has no value.”

Bombs away...

China surprised global markets yesterday by devaluing its currency on concerns about sharply decelerating Chinese economy

The significance of these developments cannot be overstated. Central Banks will be increasingly acting against one another going forward. There will more surprises and more volatility across the board. Eventually it will culminate in a Crash that will make 2008 look like a picnic.

For 6 ½ long years, we have been bombarded with the mythology known as “the U.S. economic recovery” by the mainstream media. 

Imagine running a rink company at the end of the roller skating fad in the 1980's. You know it is not going to survive for long. How do you operate your business? You milk it. Well, that's now happening across the entire economy.

When a central bank tells you it’s a “one-off” event you may as well take that as a green light!

I'll huff and I'll puff and I'll blow your...

That hasn’t stopped many gold bears from using this as an opportunity to disparage gold. A recent article points out that the gold rout has cost China and Russia $5.4 billion. An amount that would sound colossal were it not for the fact that U.S. media companies such as Disney and Viacom collectively lost over $60 billion for shareholders in as little as two days last week ...

At this point, you can crowdfund just about anything. Campaigns to raise funds for medical bills, student loans, movies, new inventions, and startup capital have sprung up from all over the world, which led the crowdfunding industry to generate $16.2 billion globally last year in funding transactions. A new trend is emerging within the industry – platforms designed solely for litigation crowdfunding.