recovery

Here's How The Next Recession Begins

"Progress occasionally requires the decimation of entire industries, and that’s what’s happening now... In the long-run it’s better for everyone. But shorter-term, there’s going to be a lot of pain."

Bill Blain: There Is A "Last Days Of Rome" Feel To The News These Days...

"I suspect we’re into completely uncharted waters here. The central bankers know we need to normalise and rebuild the broken structures of capitalism and market based economies, without it becoming too apparent they are so broken – which would cause financial panic… On the other hand the cure might prove as painful as the self-inflicted injury of QE."

What Would A U.S. Civil War Look Like?

"Yes, there is a civil war looming in the United States...But it will not look like the orderly pattern of descent which characterized the conflict of 1861-65. It will appear more like the Yugoslavia break-up, or the Russian and Chinese civil wars of the 20th Century... It will appear as an evolving chaos."

US Workers' Wage Expectations Unexpectedly Collapse

According to a brand new Fed survey, US workers and job-seekers are so disenchanted with the labor situation, and harbor so little hope for higher paychecks, that even as they increasingly search for new jobs, they not only expect fewer job offers but now expect the lowest "new" paycheck in over two years.

FX Week Ahead: Jackson Hole, And A Chance For Yellen To Fend Off Some USD Bashing

Coming off a mixed week for the USD, traders focus their attention on the Jackson Hole symposium which starts on Thursday, running through to Saturday.  Within this, Friday's address by the Fed chair will take centre stage, and for all the 'will she, won't she' talk about monetary policy, the market will be hanging on Janet Yellen's words, as the third rate hike for 2017 remains in the balance. 

Marc Faber: In The Age Of Cyber-Terrorism, Every Investor Must Own Gold

"...the biggest geopolitical risk for Americans today is not a conventional war but rather cyber-attacks that could take down the US power grid...In such a scenario, gold would become an irreplaceable medium of exchange. But it’s not the only reason to own gold today..."