Courtesy of John Rubino.
Doug Noland and Jim Grant on the global credit bubble. The Telegraph on negative interest rates. US and Chinese numbers disappoint. Most financial markets directionless on first day of August. Oil, however, still falling, now back in technical bear market. Polls give Clinton slight edge but very close in battleground states.
Best Of The Web
Weekly commentary: Bubble battles – Credit Bubble Bulletin
Jim Grant is bullish on gold, bearish on Craft – Barron’s
Negative interest rates: necessary evil or symbol of greed? – Telegraph
IMF admits disastrous love affair with the euro – Telegraph
Biggest companies in the S&P 500 use made-up earnings numbers – MarketWatch
This is how independent central banks are – Gold Republic
Why real reform is impossible – OfTwoMinds.com
Plutocracy, then and now – the lesser of two evils – Jesse’s Cafe Americain
How to profit form these massive, Brexit-induced trends – Casey Research
5 reasons why Trump will win – Michael Moore
An upside down world – Financial Sense
IceCap asks what happens when the bond bubble finally pops – Zero Hedge
It’s all connected – Globe And Mail
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Breaking News
The Economy
8/01 US factory activity dips, construction spending weak – Yahoo!
8/01 Growing oil glut shows investors theres’ nowhere to go but down – Bloomberg
8/01 Did Germany just blink? – Wolf Street
8/01 The Fed that cried wolf – Seeking Alpha
8/01 Abe’s fiscal plan follows a long road of packages that failed – Bloomberg
8/01 Skewed interest rates – Talk Markets
8/01 Why is the stock market at all time high? – Mish
8/01 CSLA, like Gundlach, warns of “nasty surprise” amid negative rates – ValueWalk
8/01 “Time’s up – the pain must begin now” – Zero Hedge
8/01 italian banks crash despite ‘all clear’ from EU stress tests – Zero Hedge
8/01 Satyajit Das slams policymaker ignorance – Zero Hedge
8/01 Debt rattle – Automatic Earth
8/01 China’s official, unofficial July PMI surveys diverge – CNBC
8/01 Bank of England rate cut odds hit 100% – Mish
8/01 “Stock markets should be down massively” – Wolf Street
8/01 The weakest demand growth in American history – Econimica
8/01 Is debt really debt when it carries negative interest rates? – Fresh Business Thinking
Precious Metals
8/01 Precious metals were in correction mode – Seeking Alpha
7/31 Gold shrugs off Fed’s attempts at being hawkish – Seeking Alpha
7/31 2015’s most accurate gold price forecaster turns huge bull – Mining.com
7/31 Gold-stock-benchmark battle – 24hGold
7/31 There is no gold bubble. Here’s why – Seeking Alpha
7/31 Gold ends 2-week losing streak as GDP ‘screams’ no rate hikes – Forbes
7/31 Gold miners keep chipping at costs, debt even as profits climb – Mining Weekly
7/31 the coming Seneca Cliff collapse & exploding silver price – SRSrocco Report
7/31 Gold passes a major milestone – Zero Hedge
7/30 Multiple bull flags for gold stocks – 321Gold
7/30 Correction over, gold & gold stocks eyeing new highs – Daily Gold
7/30 Institutions will start buying miners, fund adviser Belkin tells KWN – GATA
7/30 Silver – once and future money – Daily Reckoning
7/30 Gold futures gain nearly 3% for the month – MarketWatch
7/29 Gold bargains gone as Sibanye sees few chances for a deal – GATA
7/29 Silver is all around us – Schiff Gold
7/29 Endeavour on track to meet full year guidance – Mineweb
7/29 TD’s $230 billion man goes maximum gold as volatility mounts – Bloomberg
7/29 What are fractional coin sizes? – APMEX
7/29 What is an ETF? – APMEX
7/29 Here’s why you should own both gold and silver right now – The Street
7/28 Barrick adjusted earnings rise sharply in second quarter – Kitco
Inflation, Deflation, Currency War, Cryptocurrencies
7/31 Bank of Japan deflates with ‘disappointing’ stimulus – Gulf Times
7/31 Consumer prices have soared 160% since 2001 – Peak Prosperity
7/31 Yuan short is BofA’s favorite trade as PBoC halts war with bears – Gulf-Times
7/31 Bank of Japan’s quest for 2% inflation – Bloomberg
7/30 Dollar plunges most in 2 months as weak GDP signals Fed on hold – Bloomberg
7/30 Chinese capital outflows may still be happening – Bloomberg
7/30 Mounting coding mistakes haunt the ethereum ecosystem – Live Bitcoin News
7/29 Negative interest rates: spreading like a financial cancer – Seeking Alpha
7/29 Bank of Japan ups ETF purchases, keeps interest rates steady – CNBC
7/29 World out of whack: who’s first with the helicopters? – Capitalist Exploits
Real Estate Bubble
8/01 US homeownership rate falls to five-decade low – Wall Street Journal
8/01 End of an era as China’s love affair wtih US real estate fades – Bloomberg
7/31 B.C. just violated NAFTA with its foreign property tax – Financial Post
7/29 The American dream plunges to record low – Wolf Street
7/28 US homeownership lowest since president Carter – Confounded Interest
7/28 Canadian housing agency lifts Vancouver risk warning-level – Bloomberg
DollarCollapse Podcasts
7/27 Random violence and political instability: the new normal
7/21 It’s not the event but the response to the event that matters
7/01 Brexit was just the beginning
6/25 The deeper meaning of Brexit
6/08 Gold Will Soar, Marijuana Will Be Legal
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
Politics
7/31 US election: Hillary Clinton six points ahead of Donald Trump – Telegraph
7/31 Donald Trump strikes back at “little” Michael Bloomberg – Time
7/31 For inspiration, new democratic stars look to Elizabeth Warren – Daily Excelsior
7/31 Pro-Erdogan and anti-Erdogan rallies planned, 30,000 expected – Mish
7/31 Trump proves Clinton’s point about his thin skin – Raw Story
7/31 Howard Dean explains Donald Trump’s rise: ‘people don’t care’ – Variety
7/31 Hedge-fund handouts: Hillary $48,500,000 – $19,000 Trump – Zero Hedge
7/30 Lefties loathe him but the truth is Nigel Farage changed history – Daily Mail
7/29 Get ready for nastiest, most unpredictable campaign you can imagine – McClatchy DC
7/29 How Hillary Clinton defined her historic moment – CNN
7/29 Bernie Sanders stalwarts make a last stand at the DNC barricades – Yahoo!
7/29 Can Jill Stein lead a revolution? – Atlantic
7/29 With some luck, Trump will destroy the republican party – Casey Research
Offshore Investing
7/20 Costa Rica: Central America’s hidden gem – Sovereign Investor
7/08 Time to adjust your wealth plan – Mountain Vision
7/08 We pulled the ripcord on daily life and moved to Costa Rica – International Living
7/02 America’s offshore tax cheats are feeling the heat once again – Bloomberg
Clean Tech
7/30 World’s largest solar power plant planned for Chernobyl – Electrek
7/30 California’s fast-track solar permits let the sun shine in faster – Inside Climate News
7/30 Why renewable power can still be wasteful – Slate
7/30 Panasonic net profit tumbles 64% – Japan Times
7/30 4 things you need to know about China’s record solar installations – Forbes
7/29 Global grid-connected energy storage capacity to double in 2016 – SolarServer
7/29 Wind & solar up to 5X more costly than existing coal and nuclear – IER
7/28 Why tech giants are investing billions in green energy – Oil Price
7/28 The enormous gigafactory, where Tesla will build its future – Wired
Art of the Collapse
7/27 Meanwhile at the DNC – Zero Hedge
7/25 Trump’s acceptance speech – Digg
7/17 Obama’s 11-point response to the French tragedy – Zero Hedge
7/13 Artist’s impression of Hillary’s inauguration – Zero Hedge
7/03 Debunking Utopia – Future of Freedom Foundation
War, Civil Unrest, Privacy, Creeping Fascism, Police State
8/01 Islamic State attacks two oil fields in northern Iraq – MarketWatch
7/30 From socialist utopia to slave-nation – Zero Hedge
7/29 Turkey creates “traitors’ cemetary” for dead coup-plotters – Zero Hedge
7/29 Turkey: From boiling frog to flash fry – PJ Media
7/29 The power of “nyet” – ClubOrlov
7/29 The drug war and the crime of driving (or walking) while black – Forbes
Self-sufficiency, Food Security, Survival
7/31 Owning the asset you can eat – Reluctant Preppers
7/30 Anti-aging – cultivating eternal youth – Dr. Sircus
7/19 Can drinking more water help you lose weight? – Mercola
7/27 Elevated blood sugar sets the stage for cancer growth – Mercola
7/24 Hospital beds & massage tables with biomats – Dr Sircus
7/23 These powders are powerful – Bloomberg
7/17 Sticking germy fingers in mouth may give upper hand on health – ARS Technica
7/17 Paying farmers to go organic, even before the crops come in – NY Times
CyberWar, CyberTerrorism, CyberCrime
7/31 NSA hackers target Russian cyber spies – Zero Hedge
7/31 The cyber war is real and we are preparing for it – Tech Portal
7/30 Another “smoking gun” looms as Hillary campaign admits server hacked – Zero Hedge
7/29 How the Chinese government became the world’s hacking superpower – Motherboard
7/29 Russia’s continuing cyber warfare – Forbes
7/29 Declaring cyberwar on Russia because of the DNC hack is a bad idea – Tech Dirt
Off-Topic But Brilliant/Challenging/Infuriating
8/01 Driverless cars will change everything – Business Insider
8/01 Harry Potter and the Cursed Child – Telegraph
7/31 England’s plastic bag usage drops 85% since 5p charge introduced – Guardian
7/30 How to fool AI into seeing something that isn’t there – Wired
7/29 Marijuana legalization might be fix to nation’s opioid problems – The Hill
7/29 Antibiotic resistance: ‘Snot wars’ study yields new class of drugs – BBC
7/29 Barney Frank just made the best argument for legalizing all drugs – Raw Story
7/29 Why most women secretly want a stereotypical breadwinner – Telegraph
7/28 The slot machine in your pocket – Spiegel
7/28 Facebook’s realy big plans for virtual reality – Bloomberg
7/27 A 4-billion-year-old ancestor of all living things on Earth – IB Times
