Courtesy of John Rubino.
Manufacturing declines, trade collapses. Pensions are back in the news, and the numbers are as usual very bad. Oil starts to roll back over. Precious metals correcting (guess the COT report was right again). Doug Noland on why the Fed probably can’t raise rates in June — or ever. US angers China with huge steel tariff and China gets more bad press. Austria elects a fringe party candidate. Trump and Clinton are now neck-and-neck.
Best Of The Web
We’re in the eye of a global financial hurricane – OfTwoMinds.com
The coming Fed-induced pension bust – Hussman Funds
“We are becoming convinced that the system won’t stabilize” – Zero Hedge
Trump victory odds soar as the Hillary Clinton ‘death cross’ strikes – Zero Hedge
What we have now isn’t capitalism – Wall St. For Main St.
Weekly commentary: unambiguous signals disregarded – Credit Bubble Bulletin
Doggie (life) style – AheadOfTheHerd.com
Observations from the heart of Silicon Valley – Peak Prosperity
Hikes data dependent says NY Fed – Mish
Central banks are powerless “they should go away” – Mish
The negative interest rate gap – Club Orlov
British spymaster fears the EU has “run its historical course” – Zero Hedge
Brexit risks in 2016 – the movie – Gold And Liberty
CERN discovers new particle called the FERIR – Automatic Earth
The Economy
5/23 Markit PMI shows U.S. manufacturers stagnant – MarketWatch
5/23 Japan May factory activity shrinks most in over three years – Reuters
5/23 Japan trade collapses – Mish
5/23 Eurozone business growth “unexpectedly” slows down to 16-month low – Zero Hedge
5/23 Iran has no plans to freeze oil exports – Reuters
5/23 Companies ‘drowning in debt’ despite almost $2 trillion in cash – CNBC
5/23 Next up for our chaotic world – Deviant Investor
5/23 Investors are paying historically high multiples for sales – Gavekal Capital
5/23 A country that should have been so rich but ended up this poor – Washington Post
5/23 China credit squeeze, defaults are signs of coming crisis – Forbes
5/23 Why brimming oil inventories aren’t crashing prices – Bloomberg
5/23 Oil eases as focus returns to oversupply – Trade Arabia
5/23 Debt rattle – Automatic Earth
5/23 “The time is now” for markets to price in China’s next slowdown – Zero Hedge
5/23 June, you’re up! – Economy And Markets
5/23 Despite depression, Greece forced to hike VAT, add new taxes – Mish
5/23 O.C. Watchdog: Unfunded pension debt approaching $1 trillion? – OC Register
Precious Metals
5/23 Gold’s slide begins a new week – MarketWatch
5/23 The next top performing gold asset to 2020 & beyond – GoldAndOilGuy
5/23 This could send gold tumbling below $1,000 again – MarketWatch
5/23 Does China want to be the most powerful player in the gold market? – Birch Gold
5/23 Buy gold as “extremely low-risk asset” – GoldCore
5/23 When’s it safe to buy gold? After the Fed hikes – CNBC
5/23 Gold fund inflows surge to highest of the year – Zero Hedge
5/23 Can you guess which gold miner has the lowest sustaining costs? – Motley Fool
5/23 Kinross’ Paul Rollinson and after the gold rush – GATA
5/23 GLD – the beginning of the long term bull cycle – Seeking Alpha
5/23 Buy silver – “Best precious metals trade” – GoldCore
5/22 Why buy physical gold & silver? – APMEX
5/22 Gold bulls could lead M&A stampede – The Street
5/22 Is Silver Wheaton Corp. the right mining stock for investors? – Motley Fool
5/22 Charts reveal a bearish trend lurking in gold futures – MarketWatch
5/22 Gold’s going lower, and here’s how I’m going to cash in – CNBC
5/22 The platinum doubler of the year, courtesy of… gold? – Money Morning
Inflation, Deflation, Currency War, Cryptocurrencies
5/23 Leftist green candidate snatches Austria victory – Breitbart
5/23 Dollar will be the winner when the EU volcano erupts – CNBC
5/23 Support for EU falls sharply among FTSE 350 boards – Guardian
5/23 Fed’s Bullard: rates too low for too long could be risky – Reuters
5/23 Brazil real drops most in emerging markets on political concern – Bloomberg
5/23 US debt is being dumped at alarming rate – Birch Gold
5/23 US and Japan feud over yen, devaluations, and meaning of “orderly” – Mish
5/23 Explaining bitcoin to the masses: a glass box analogy – Coin Telegraph
5/23 Bitcoin and Ethereum aren’t really going head-on! – News BTC
5/23 Bitcoin catches on with gold bugs – Wall Street Journal
5/23 Shed a tear for the poor, poor Canadian hockey teams – Fortune
5/23 One Swede will kill cash forever – Wired
Real Estate Bubble
5/22 Existing home sales solid, not spectacular – Mish
5/22 Corporate China’s debt problem only getting worse – Nikkei
5/20 Existing Home Sales increased in April to 5.45 million SAAR – Calculated Risk
5/20 Existing home sales tumble in south, west regions – Zero Hedge
DollarCollapse Podcasts
5/14 Chaos spreads to US retailers and Italian banks
5/04 Easy money has failed; what’s next?
4/27 Okay, I’ll say it: run for the hills
4/21 Corporate earnings (among other things) go from bad to horrendous
4/13 A potentially brutal earnings season kicks off
4/06 The end of privacy = risk off and soaring gold
3/30 The inevitable is now imminent
3/22 Huge government deficits coming
3/17 Same mistakes, bigger scale
3/07 It’s all about the central banks
Politics
5/22 Uber has a powerful new opponent: Elizabeth Warren – Mother Jones
5/22 Meet the Donald Trumps of Europe – Stuff
5/22 Marine Le Pen: “EU is collapsing on to itself” – World Bulletin
5/22 Money is becoming a challenge for Bernie Sanders – LA Times
5/22 Why Bernie is our best chance to beat Trump – Huffington Post
5/22 Libertarianism and the Libertarian party – Lew Rockwell
5/22 The right to keep and bear arms as a check on tyrants – FFF
5/22 Can Warren broker peace between Clinton and Sanders? – CBS News
5/22 Elizabeth Warren’s next crusade – New Republic
5/22 Elizabeth Warren is sending you a subliminal message with her sleeves – WP
5/21 Brexiteers are having so much fun, sometimes I wish I could join them – Telegraph
5/21 Fury as EU chief brands Brits ‘deserters’ over Brexit campaign – Sun
5/21 Defending the Indefensible: Economist Mag praises central bank ‘growth’ – Daily Bell
5/21 What this election tells us about millennials – FRA
5/21 Nigel Farage: ‘They say I’m toxic. Quite the opposite’ –Guardian
Offshore Investing
5/20 EU to compile common blacklist of tax havens, sanctions against them – Reuters
5/17 Panama Papers: dozens of Americans tied in – Panama Papers
5/17 Panama Papers hub in Miami: Citigroup’s private bank – Wall St on Parade
5/12 Crooks, terrorists, tax evaders: Can new shell company rule stop them? – Reuters
Clean Tech
5/22 Solar power is already saving lives in the US. Here’s how. – Vox
5/22 Yieldco problems: systemic or a speed bump? – Utility Dive
5/22 Hanwha Q CELLS 54.4% Y-o-Y revenue increase in Q1 – Energy Trend
5/22 The end of SunEdison: developer now liquidating its assets – GTM
5/21 Tesla suppliers warn Musk expansion goals are “implausible” – Zero Hedge
5/21 Goldwind edges out Vestas as world’s leading wind turbine supplier – Clean Technica
5/21 Shipbuilders bail out as wind power loses steam –Korea Daily
5/21 Misaligned mirrors spark fire at world’s largest solar power plant – CBS Sacramento
5/21 A push toward solar power, a retreat from natural gas –Palo Alto
5/21 New solar plants generate floating green power –NY Times
5/21 Inching closer to making solar power as cheap as regular electricity – PS
5/20 NC bill takes aim at wind power and solar energy – News Observer
Art of the Collapse
5/08 ‘Dilbert’ creator’s 6 reasons why Trump will win – Zero Hedge
5/06 The book that will save banking from itself – Bloomberg
5/04 America’s best and brightest – 321 Gold
4/25 Hillary Clinton’s full speech to Goldman Sachs – Liberty Blitzkrieg
War, Civil Unrest, Privacy, Creeping Fascism, Police State
5/21 China demands US “cease immediately” spy plane missions near its borders – ZH
5/21 Bayer eyes $42 billion Monsanto in quest for seeds dominance – Bloomberg
5/21 Demand for small arms ‘protection’ in Germany explodes as fear rises – Zero Hedge
5/21 Brazil’s interim government wastes no time erasing workers’ party influence – Guardian
5/20 China says it’s ready if US ‘stirs up any conflict’ in South China Sea – CNBC
5/19 US supreme court makes mockery of First Amendment –Rutherford
5/18 America’s age of impunity – Zero Hedge
5/17 Beijing blasts Pentagon report on Chinese military – Reuters
Self-sufficiency, Food Security, Survival
5/22 Monsanto weedkiller faces EU recall deal fails – Guardian
5/18 Fluoride, the only drug intentionally added to your tap water – Mercola
5/17 UV light provides a multitude of health benefits – Mercola
5/17 Dealing with stress and depression with magnesium supplements – Dr Sircus
5/16 Tiny is so very big– Mother Earth News
CyberWar, CyberTerrorism, CyberCrime
5/22 Cyberwar: The smart person’s guide – Tech Republic
5/21 Yet another major cyberheist in ‘secure’ global payments system – Zero Hedge
5/20 Cyber-war gets real – Baseline Mag
5/20 Cyber war vs. Islamic State ‘work in progress’ – VOA News
5/20 Cyberspace’s invisible armies – ECNS
Off-Topic But Brilliant/Challenging/Infuriating
5/22 10 magical places saved by endangered species – Tree Hugger
5/22 Want to buy a self-driving car? Big-rig trucks may come first – NY Times
5/21 Rock ‘n’ roll has got to GO! – Antonius Aquinas
5/20 Stuck on hot: Earth breaks 12th straight monthly heat record – AP
5/20 Uber to start testing self-driving car in Pittsburgh – CNBC
5/20 Mother of all head & shoulder patterns – Economica
5/18 Sochi doping allegations could show unprecedented criminality – Reuters
5/18 Zika virus could spread to Europe in coming months – Guardian
Politics
5/22 Uber has a powerful new opponent: Elizabeth Warren – Mother Jones
5/22 Meet the Donald Trumps of Europe – Stuff
5/22 Marine Le Pen: “EU is collapsing on to itself” – World Bulletin
5/22 Money is becoming a challenge for Bernie Sanders – LA Times
5/22 Why Bernie is our best chance to beat Trump – Huffington Post
5/22 Libertarianism and the Libertarian party – Lew Rockwell
5/22 The right to keep and bear arms as a check on tyrants – FFF
5/22 Can Warren broker peace between Clinton and Sanders? – CBS News
5/22 Elizabeth Warren’s next crusade – New Republic
5/22 Elizabeth Warren is sending you a subliminal message with her sleeves – Washington Post
5/21 Brexiteers are having so much fun, sometimes I wish I could join them – Telegraph
5/21 Fury as EU chief brands Brits ‘deserters’ over Brexit campaign – Sun
5/21 Defending the Indefensible: Economist Mag praises central bank ‘growth’ – Daily Bell
5/21 What this election tells us about millennials – FRA
5/21 Nigel Farage: ‘They say I’m toxic. Quite the opposite’ –Guardian
Offshore Investing
5/20 EU to compile common blacklist of tax havens, sanctions against them – Reuters
5/17 Panama Papers: dozens of Americans tied in – Panama Papers
5/17 Panama Papers hub in Miami: Citigroup’s private bank – Wall St on Parade
5/12 Crooks, terrorists, tax evaders: Can new shell company rule stop them? – Reuters
Clean Tech
5/22 Solar power is already saving lives in the US. Here’s how. – Vox
5/22 Yieldco problems: systemic or a speed bump? – Utility Dive
5/22 Hanwha Q CELLS 54.4% Y-o-Y revenue increase in Q1 – Energy Trend
5/22 The end of SunEdison: developer now liquidating its assets – GTM
5/21 Tesla suppliers warn Musk expansion goals are “implausible” – Zero Hedge
5/21 Goldwind edges out Vestas as world’s leading wind turbine supplier – Clean Technica
5/21 Shipbuilders bail out as wind power loses steam –Korea Daily
5/21 Misaligned mirrors spark fire at world’s largest solar power plant – CBS Sacramento
5/21 A push toward solar power, a retreat from natural gas –Palo Alto
5/21 New solar plants generate floating green power –NY Times
5/21 Inching closer to making solar power as cheap as regular electricity – PS
5/20 NC bill takes aim at wind power and solar energy – News Observer
Art of the Collapse
5/08 ‘Dilbert’ creator’s 6 reasons why Trump will win – Zero Hedge
5/06 The book that will save banking from itself – Bloomberg
5/04 America’s best and brightest – 321 Gold
4/25 Hillary Clinton’s full speech to Goldman Sachs – Liberty Blitzkrieg
War, Civil Unrest, Privacy, Creeping Fascism, Police State
5/21 China demands US “cease immediately” spy plane missions near its borders –ZH
5/21 Bayer eyes $42 billion Monsanto in quest for seeds dominance –Bloomberg
5/21 Demand for small arms ‘protection’ in Germany explodes as fear rises – Zero Hedge
5/21 Brazil’s interim government wastes no time erasing workers’ party influence – Guardian
5/20 China says it’s ready if US ‘stirs up any conflict’ in South China Sea – CNBC
5/19 US supreme court makes mockery of First Amendment –Rutherford
5/18 America’s age of impunity – Zero Hedge
5/17 Beijing blasts Pentagon report on Chinese military – Reuters
Self-sufficiency, Food Security, Survival
5/22 Monsanto weedkiller faces EU recall deal fails –Guardian
5/18 Fluoride, the only drug intentionally added to your tap water – Mercola
5/17 UV light provides a multitude of health benefits – Mercola
5/17 Dealing with stress and depression with magnesium supplements – Dr Sircus
5/16 Tiny is so very big– Mother Earth News
CyberWar, CyberTerrorism, CyberCrime
5/22 Cyberwar: The smart person’s guide – Tech Republic
5/21 Yet another major cyberheist in ‘secure’ global payments system – Zero Hedge
5/20 Cyber-war gets real – Baseline Mag
5/20 Cyber war vs. Islamic State ‘work in progress’ – VOA News
5/20 Cyberspace’s invisible armies – ECNS
Off-Topic But Brilliant/Challenging/Infuriating
5/22 10 magical places saved by endangered species – Tree Hugger
5/22 Want to buy a self-driving car? Big-rig trucks may come first – NY Times
5/21 Rock ‘n’ roll has got to GO! – Antonius Aquinas
5/20 Stuck on hot: Earth breaks 12th straight monthly heat record – AP
5/20 Uber to start testing self-driving car in Pittsburgh – CNBC
5/20 Mother of all head & shoulder patterns – Economica
5/18 Sochi doping allegations could show unprecedented criminality – Reuters
5/18 Zika virus could spread to Europe in coming months – Guardian
