Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
Andy Hall, the “Oil God,” acquired that attribution after making flawless, bullish calls on oil and loads of cash for his clients at Astenbeck Capital Management. Of late, the markets have failed to cooperate with Hall. So, he has renounced his bullish faith. Indeed, the Oil God has thrown in the towel on what had been his perma-bullish position on oil.
Authored by Constantin Gurdgiev via True Economics blog,
Here is the most important chart I have seen in some months now. The chart shows the 'new normal' post-2007 crisis in terms of per capita real GDP for the U.S.
Source: http://rooseveltinstitute.org/wp-content/uploads/2017/07/Monetary-Policy-Report-070617-2.pdf
The key matters highlighted by this chart are:
Bitcoin, and Bitcoin Cash, are both higher this morning as the former surges above $3400 for the first time. Ethereum is also running higher as analysts predict a double for ether and $5000 Bitcoin price in 2018.
This morning's surge follows news over the weekend of a mysterious trader 'Spoofy' manipulating Bitcoin prices.
It is clear that post-Fork fears have now been erased:
There’s a strange thing about Central Bankers…
When they are working at a Central Bank, they never see financial problems, even if said problems are both MASSIVE and obvious.
As Fed Chair in 1999, Alan Greenspan claimed it was impossible to know if stocks were in a bubble … when stocks were in their single largest bubble in 100 years.
The next year, the market crashed.
As Fed Chair in 2007, Ben Bernanke claimed the subprime mortgage meltdown was “contained” and the effects would not “spillover” into the economy.
Authored by John Rubino via DollarCollapse.com,
Someday, stock, bond and real estate valuations will matter again.
And the mechanism by which this return to sanity is achieved will probably be the torrent of money now flowing in from people who, for various reasons, don’t care about (or understand) the prices they’re paying.