Authored by Craig Wilson via The Daily Reckoning,
Nomi Prins joined The Foreign Correspondents’ Club of Japan in Tokyo to discuss the banking landscape and state of financial regulations in the Trump era. The central bank historian and financial expert also took a deep dive into the shifting relations between the United States and Japan and what easy money policy has meant for financial markets.
KKR has just published their 2017 mid-year economic outlook and it includes some rather dire predictions for the U.S. economy. Among other things, KKR predicts a U.S. recession by 2019 and a massive cycle of millennial deleveraging after a huge expansion of consumer credit in the form of student and auto loans.
Before getting into the details, here's a chart depicting how KKR sums up the macro picture. In short, pretty much every major economic growth and asset valuation metric in the U.S. is flashing red warning signs relative to historical norms.
Authored by Michael Snyder via The Economic Collapse blog,
Authored by Dave Forest via OilPrice.com,
Lots of news this week on energy companies from one particular spot on Earth.
India.
In Lebanon — where reports suggest Indian state oil firm ONGC will bid for offshore blocks. In Canada — where Indian officials are said to be negotiating coking coal supplies. And even in Venezuela, where the cash-strapped government is seeking to sell ONGC a 9 percent stake in the key San Cristobal oil field.
Authored by Steve St.Angelo via SRSroccoReport.com,
There are four interesting developments taking place in the gold and silver market that precious metals investors should be aware of. While Americans continue to place all the bets in the casino called Wall Street, via stocks, bonds and real estate, the Easthas been acquiring record amounts of gold and silver. Furthermore, something interesting seems to have changed recently in the Silver Eagle sales market.