Submitted by Lance Roberts via RealInvestmentAdvice.com,
There is an abundance of “Wall Street Axioms” surrounding the first month of the New Year as investors anxiously try and predict what is in store for the next twelve months. You are likely familiar with many of them from the “Superbowl Indicator” to “What Happens In The First 5-days Predicts The Month.”
Just two weeks ago we warned of the looming "hyperinflation monster" in Africa with the continent appearing to be running out of dollars as some of Africa’s largest economies, including Nigeria, Angola, Ethiopia and Mozambique, are restricting access to the greenback to protect dwindling reserves. Specifically we warned of Angola's already-soaring inflation hampering its ability to 'adjust' its currency towards its black market 'reality'.
Gold Bullion’s 2016 Upleg
Happy New Year. Thank you for all your support in 2015 and wishing you and yours a healthy, prosperous and happy 2016.
Adam Hamilton of Zeal Intelligence has looked at gold’s prospects in 2016 and he thinks the worst may be over for the yellow metal.
Earlier today, in the course of documenting the Mid-East melee that’s set to unfold amid a worsening diplomatic crisis between Iran and Saudi Arabia, we noted that two Sunni mosques were attacked in Iraq on Sunday.
“The attack on the Ammar bin Yasir mosque in central Hilla destroyed its dome and several walls,” Reuters reported. “Another mosque in Hilla's northern outskirts, al-Fath al-Mubeen, was also attacked,” sources said.
Submitted by Howard Kunstler via Kunstler.com,
Forecast 2016
There’s really one supreme element of this story that you must keep in view at all times: a society (i.e. an economy + a polity = a political economy) based on debt that will never be paid back is certain to crack up. Its institutions will stop functioning. Its business activities will seize up. Its leaders will be demoralized. Its denizens will act up and act out. Its wealth will evaporate.