Courtesy of John Rubino.
US jobs report misses big, stocks decline, gold soars, odds of interest rate hike fall. Car sales, oil prices, mortgage applications, US construction spending, China and Japan manufacturing all fall hard. Alhambra Partners on why apathy is a bigger risk than stupidity. Charles Hugh Smith on why pension funds (that is, your retirement) are doomed. Great interviews with James Rickards and Helen Chaitman. Bitcoin is soaring on China demand. Brexit gains support.
Best Of The Web
Infographic: Vancouver real estate mania – Visual Capitalist
Hidden in full view – SilverSeek
Bon appetit! – Janus Capital Group
It’s not stupidity. It is apathy (for now) – Alhambra Partners
Here’s why all pension funds are doomed, doomed, doomed… – OfTwoMinds.com
Dominic Frisby interviews James Rickards – Frisby’s Bulls & Bears
Criminal bankers threaten entire world economy – USA Watchdog
Gold: Intelligentsia – you’re fired! – 321Gold
The business of central banks is like pornography – Finanz und Wirtschaft
Stock share buybacks now bought out – The Great Recession
Rick Rule on gold’s bull market – King World News
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
Breaking News
The Economy
6/04 How China fell off the miracle path – New York Times
6/04 The US may have actually lost jobs in May, economist says – CNBC
6/04 Composite PMI flirts with contraction – Mish
6/04 China toxic debt solution has one big problem – Bloomberg
6/04 “Financial bubble” 8x bigger than 2008 subprime crisis – ValueWalk
6/04 Japan growth strategy fans concern about govt’s debt – Gulf Times
6/04 9 Zero Hedge charts showing “Obama’s recovery” – Zero Hedge
6/04 Peter Schiff: The recovery is an ‘illusion’ – CNBC
6/04 Stocks are ‘very vulnerable’ to many investors risks – NewsMax
6/04 Connecticut ranked as state with worst fiscal status – Breitbart
6/03 Odds of interest rate hike plunge after major jobs report mss – CNBC
6/03 Americans not in the labor force surge to record – Zero Hedge
6/03 The structure of collapse: 2016-2019 – Charles Hugh Smith
6/03 U.S.-based stock funds post fifth straight week of withdrawals – Reuters
6/03 Bill Gross: Get ready for an ‘entirely different’ market – CNBC
6/03 Explosion in quasi-sovereign bond issuance makes analysts queasy – Bloomberg
6/03 John Rubino: Where have the buyers of $100 million homes gone? – YouTube
6/03 Funniest BLS report ever – Burning Platform
Precious Metals
6/04 China just put a huge floor under the gold market – King World News
6/04 As markets crack, nvestors need to see these two charts – SRSrocco Report
6/04 Is now the time to buy gold? – Time
6/04 Gold mining costs fall in March quarter – S&P Global Market Intelligence
6/03 Gold, gold miners spike after horrid jobs data – Investors
6/03 Physical silver bullion – perfect storm brewing in the market – GoldCore
6/03 The top 9 gold stocks for 2016 – Profit Confidential
6/03 Silver will move the most of all the metals – Daily Coin
6/03 Gold fib lines & silver rounding bottom – 321Gold
6/03 Gold futures surge on payrolls miss – Bloomberg
6/03 “There is something changing in the market” – Financial Survival Network
6/03 CEO hints at massive silver shortage – SHTFplan
6/03 What does backwardation mean for the gold market? – Seeking Alpha
6/03 Torgny Persson: Offshore bullion storage or three eggs? – GATA
6/03 Gold – a reasonable correction? – GoldMoney
6/03 Why technical analysis does not work for gold and silver – Seeking Alpha
6/03 Gold and silver arches – Seeking Alpha
Inflation, Deflation, Currency War, Cryptocurrencies
6/04 The dollar is in a total war with itself – Real Clear Markets
6/04 Fed, again, left with egg on its face as recovery falters – CNBC
6/03 German 10-year bond yields tumble to lowest in more than a year – Bloomberg
6/03 ‘We want food!’, Venezuelans cry at protest near presidency – Reuters
6/03 Cybercrime isn’t the only reason cash remains king – Reuters
6/03 Bank of France cuts inflation outlook, 2017 GDP forecast – Nasdaq
6/03 Dollar tumbles as jobs data weaken case for Fed rate hike – Bloomberg
6/03 ECB leaves interest rates unchanged – Talk Markets
6/03 Fitch: Negative-yielding sovereign debt grew to $10.4 trn in May – Reuters
6/03 PIMCO sees ‘significant’ chance of Brexit vote in UK – Reuters
6/03 BOJ’s SATO is pessimistic on economy, central bank’s strategy – Bloomberg
6/03 Credit: it doesn’t matter until it matters, like now – Financial Survival Network
Real Estate Bubble
6/03 OECD sees ‘dramatic and destabilising’ end to property boom – AFR
6/03 The “dumb money” is finally buying new homes – Wolf Street
6/03 House prices seen dropping 20-25 pct by 2018 – Ekathimerini
6/03 Construction spending collapses – Zero Hedge
DollarCollapse Podcasts
5/23 Hard times for obsolete entities
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
Politics
6/03 Warren endorsement a missing piece of the campaign puzzle – Boston Globe
6/03 Let Elizabeth Warren lead the Democratic Party – Chicago Tribune
6/03 Trump U documents reveal a strictly regimented scam operation – Salon
6/03 Trump throws tantrum after reporters do their job – CNN
6/03 3 ways Donald Trump’s Hollywood Reporter interview explains his campaign – Vox
6/03 Clinton unloads on ‘fraud’ Donald Trump –Politico
6/03 Labor fears partisan defections toward Donald Trump – Wall Street Journal
6/03 Hillary Clinton shifts to California as race tightens there – Wall Street Journal
6/02 Why Millennials love Bernie Sanders – San Francisco Chronicle
6/02 Bernie Sanders and rigged elections: sometimes you just lose – NY Times
6/02 Bernie or bust: Sanders supporters vow to hold out – CNN
6/01 Wikileaks: Is this the “smoking gun” email that brings down Hillary? – ZH
6/01 New polls show Brexit in lead for 1st time –Mish
6/01 Clinton camp scrambles to assure backers in wake of email report – Fox News
Offshore Investing
5/20 EU to compile common blacklist of tax havens, sanction 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
6/03 That gust from Springfield is sound of Exelon ready to deal – Crain’s
6/02 Shifting economic winds spell trouble for solar giants SolarCity and Sunrun – MIT
6/02 Tesla & Samsung chosen for Australia solar/storage trial – Clean Technica
6/02 SolarCity: here’s why Jim Chanos will eventually be proven right – Bidness
6/02 Wind and solar deliver record year in 2015 – New Economy
6/01 When will solar overtake oil? – Oil Price
6/01 Gokongwei mall has world’s biggest solar power plant – Inquirer
6/01 China added half of new global wind power capacity in 2015 – Inhabitant
5/31 Tesla’s Gigafactory sets grand opening for July 29th – Verge
5/31 Big corporations ditching their power providers. A sign of the utility death spiral? – GTM
5/31 Utility scale wind turbine market poised to $130 billion by 2016 – Cluster Mapping
Art of the Collapse
6/03 Dominic Frisby on Brexit: ‘nothing will ever be possible again’ – wOw
5/30 Economic reality, brick walls, budget balancing act political cartoons – Mish
5/08 ‘Dilbert’ creator’s 6 reasons why Trump will win – Zero Hedge
War, Civil Unrest, Privacy, Creeping Fascism, Police State
6/03 Germany angers Turkey with genocide vote – Mish
6/03 Trump’s immigration raids: how would they work? – CounterPunch
6/03 The FBI wants to exempt massive biometric database from the privacy act – Intercept
6/02 Beijing ready to impose air defense zone to thwart US “provocation” – Zero Hedge
6/02 Brussels Extends “Juncker Plan” outside EU: UK the biggest contributor! – Mish
6/02 Alienation grows in Brussels district that bred Paris attackers – Reuters
6/02 U.S.-backed Syria forces launch offensive for Manbij pocket – Reuters
6/01 Eric Holder says Edward Snowden performed a ‘public service’ – CNN
Self-sufficiency, Food Security, Survival
6/03 David Seaman – time to start the “DeFlame” diet – FSN
6/02 The ultimate urban bug-out bag – Survival Sullivan
6/01 Here’s why ‘inert’ ingredients may be the most harmful of all – Mercola
6/01 The 50 year cover-up killing millions – Mercola
5/31 Building an igloo alone: “Survive In Ice and Snow” – SHTF Plan
5/31 Cell-phone-radiation causes brain and heart tumors in rodents – Kurzweil
CyberWar, CyberTerrorism, CyberCrime
6/02 Fed had many cyber breaches in recent years, Reuters reports – Bloomberg
5/29 North Korea linked to digital thefts from global banks – NY Times
5/29 President Obama threw a cyberwar… and no one came – Tech Dirt
5/22 Cyberwar: The smart person’s guide – Tech Republic
5/21 Yet another major cyberheist in ‘secure’ global payments system – Zero Hedge
Off-Topic But Brilliant/Challenging/Infuriating
6/03 Fasting for dummies – Dr Sircus
6/02 What big pharma doesn’t want you to know about the opioid epidemic – AlterNet
6/02 Space factories and orbiting solar panels could provide all our power – Daily Mail
6/01 Preparing for a beautiful end – Geez
6/01 More than 45 million trapped in modern slavery: study – AFP
6/01 Where is global warming? Coldest spring – 2016 – Dr Sircus
5/31 Things are thriving in the “modern hooker economy” – Zero Hedge
5/31 ‘Huge wake up call’: Third of central, northern Great Barrier Reef corals dead – SMH
5/31 By the year 2040, embryo selection could replace for procreation – Kurzweil
