World War 3 could be on the horizon as the Pentagon announces a quadruple increase in its 2017 budget and turns its back on promises made to Russia after the fall of the Soviet Union. US-NATO troops are to be positioned close to Russia’s borders. And to maintain U.S. hegemony in where half the world’s population lives, China is put under military and economic pressure by Obama’s strategic pivot to Asia.
Submitted by Shane Obata & Richardson GMP
The Golden Age
Some people say that gold is dead. They point to deflationary pressures and a bear market that started back in September of 2011. The bulls have been wrong for years; however, that may be about to change…
At present, there a multiple reasons to consider gold:
Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever - at 298, this is almost 50% below the previous record low.
Commodities obviously are saying something very different from "the market"...
Many "smart guys" allege that the drop in oil is bad for the ecomomy. I call BS. Oil prices are an input costs. Input costs are what strip revenues down to profits and potentially losses. The lower the input cost, the higher profit. What has occured was a decades long credit bubble that fueld a profligate binging on debt.
Seven days ago, Deutsche Bank turned in what various sellside desks described as “horrible”, “grim” results for both Q4 and 2015 as a whole.
The bank posted its first annual net loss since the financial crisis, reporting red ink that totaled more than $7 billion as investment banking revenue fell plunged by some 30%.
On Thursday, we learn that Credit Suisse lost nearly $6 billion in the fourth quarter. The 2015 net loss came to nearly $3 billion.