Courtesy of John Rubino.
Renzi loses Italian vote, populist parties energized. Euro rebounds, gold drops and US stocks pop. Austria chooses Green over far-right candidate for president. India’s war on cash may turn into war on gold. Political class still searching for an explanation (see “Best of the Web”). Trump’s cabinet takes shape, with mostly old and a few new faces.
Best Of The Web
Cycles – anti-globalization & the end of the debt super cycle – MATA SII
Trump, bonds, peripheries, China and Italy – Credit Bubble Bulletin
A new look – NYSE margin debt and the market – Financial Sense
The guys from ‘Government Sachs’ – New York Times
This map shows how much debt the world is in – M2
What a professional disinformation campaign looks like – Zero Hedge
Decade of negative real interest rates: who benefited? – Mish
The view from under the bus – Peak Prosperity
The Washington Post: useful-idiot shills for a failed, frantic status quo – OfTwoMinds.com
First Brexit then Trump. Is Italy next for the west’s populist wave? – Guardian
Weekly commentary: Revisiting the global savings glut thesis – Credit Bubble Bulletin
Gold price skyrockets in India after currency ban – part III – Acting Man
Why the polls got it wrong: deliberate versus accidental survey bias – Financial Sense
—————————————————————–
Breaking News
The Economy
12/06 Trump might just wake up the ‘bond-market vigilantes’ – CNBC
12/06 Financial wizardry alone won’t stave off Chinese debt crisis – Conversation
12/06 ECB buys record amount of debt before holidays – Bloomberg
12/06 Non-Manufacturing PMI rises in November – Mish
12/06 The world’s new fear gauge is ringing alarm bells in the era of Trump – Bloomberg
12/06 Dallas Mayor seeks to “target those who got rich from system” – Mish
12/06 The US’ debt $100 trilliion of unfunded liabilities – ValueWalk
12/05 Service industries in U.S. grow at fastest pace in 13 months – Bloomberg
12/05 Oil hits 16-month high in buying rush after OPEC agreement – Reuters
12/05 Rescue of Italian bank Monte Paschi in danger after Renzi’s defeat – Reuters
12/05 Greenspan’s irrational exuberance looks entrenched, 20 years on – Bloomberg
12/05 Pensions time bomb spells disaster for the US economy – Business Insider
12/05 What happens next in Italy: here is Goldman’s take – Zero Hedge
12/05 Fed Labor Market Conditions Index contracts for 5th straight month – Zero Hedge
12/05 US stocks rise, shrugging off Italian vote – Business Times
Precious Metals
12/06 Bitcoin: large market cap, low volatility – Coin Telegraph
12/06 Trump sets the stage for a huge gold rally in 2017 – PR Newswire
12/06 Russia’s increase in buying gold – Seeking Alpha
12/06 Gold prices expected to move up with Sharia Law revisions – Schiff Gold
12/06 Market insights from a gold fund manager – Capitalist Exploits
12/06 The truth about classic inflation hedges is changing — again – CNBC
12/06 An important pattern gold investors should look for – Seeking Alpha
12/06 Who needs real metal if paper will do? – GATA
12/06 Reflections on the election – USA Gold
12/05 Gold sell-off resumes on Italian vote rethink – Daily Fx
12/05 China gold premiums near 3-year high – GATA
12/05 Koos Jansen: Debunking GFMS’ gold demand statistics – GATA
12/05 Gold: a perfect storm? – Seeking Alpha
12/04 Fears over the Italian vote drive the smart money into gold – MarketWatch
12/04 Credit cycles and gold – GoldMoney
12/04 Randgold CEO predicts gold prices will go higher – Birch Gold
12/04 It could finally be time for gold to really shine – Seeking Alpha
12/03 India’s cash crisis may benefit silver – Daily Bell
12/03 Investors push Gold Eagle sales to record high – SRSrocco Report
12/03 How to win the “war on gold” – GoldSeek
Inflation, Deflation, Currency War, Cryptocurrencies
12/06 Venezuela to introduce bigger bills amid soaring inflation – DW
12/06 Market bears smell blood as China scrambles to plug capital outflows – Daily Mail
12/06 Trump accuses China of currency manipulation – Hindustan Times
12/05 Planeloads of cash seek to turn India’s black money white – Bloomberg
12/05 Euro gains as Italian vote seen by traders as expected – Reuters
12/05 ‘Traders’ puke $3.5 billion notional through futures markets – Zero Hedge
12/05 Bitcoin price surges, hits a year-high $774 – CryptoCoins News
12/05 The war on cash in South Korea – Menger Center
12/05 Turkey proposes trade with China, Russia, Iran in local currencies – Zero Hedge
12/05 Going into Italian referendum, hedge funds massively short the euro – Seeking Alpha
Real Estate Bubble
12/05 Vancouver housing tax pushes Chinese to $1 million Seattle homes – Bloomberg
12/05 Buying a house today will not be ruinous – MunKnee
12/04 Market response to higher interest rates will be negative – Housing Wire
12/04 Higher interest rates crush mortgage application volume, down 9.4% – CNBC
12/04 REITs at their peaks? – Morning Star
DollarCollapse Podcasts
12/01 All Eyes On Italy
11/04 Instability on the horizon
10/04 European banks in the eye of the storm
9/13 Markets explain facts of life to Fed
8/16 A tough time to manage money
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
Politics
12/06 Trump’s looming showdown with the ‘secret government’ – Boston Globe
12/06 Anti-immigrant, anti-euro populists gain ground in Italy – WaPo
12/06 The deepening Deep State – Kunstler
12/06 Don’t assume Western democracy will last forever – Guardian
12/06 Everything you need to know about Italy’s Five Star movement – Bloomberg
12/05 “Fake news” site threatens Washington Post with defamation suit – Zero Hedge
12/05 Renzi’s Italy referendum loss heightens tensions in euro zone politics – CNBC
12/05 Never-Trump Senate Republicans grapple with his upset victory – Bloomberg
12/05 Judge orders immediate start of Michigan recount – Freep
12/05 Smear campaign against Keith Ellison reveals much about Washington – Intercept
12/05 Concisely: why the democrats lost, and will keep losing – Jesse’s Cafe Americain
12/05 Donald Trump keeps confirming fears about his diplomatic skills – WaPo
12/05 France’s Left starts fightback after Hollande bows out of presidential race – Trust
12/05 Renzi defeat won’t break the euro, but Le Pen victory will – Telegraph
12/05 Populist disruptors are dismantling the world order – Newsweek
12/05 Petition to reverse election becomes most popular in US history – Independent
12/05 Donald Trump, loser-in-chief – Rolling Stone
12/05 McCarthyism is breaking out all over – Ron Paul Institute
Offshore Investing
11/29 The end of FATCA? – Nestmann
10/28 Social mood is changing – prepare your offshore nest egg – Mountain Vision
10/07 Panama Papers? Try UNITED STATES Papers? – Mountain Vision
9/14 4 totally legal reasons to use an offshore structure – Nestmann
Clean Tech
12/06 Renewable energy polls extremely well among Trump voters – Greentech Media
12/05 Land of the rising sun turns its back on solar energy – Taipei Times
12/04 TerraForm Power, Global forecast continued losses in 2016 – PV Magazine
12/03 Energy may be ripe for the sharing economy, thanks to bitcoin – AEE
12/03 Nation’s largest solar installer to open Florida facility – Penn Energy
12/02 Sun setting on Japan’s solar energy boom – Indian Express
12/02 India has built the world’s largest solar power plant – Next Web
Art of the Collapse
12/02 “Strike three” – Zero Hedge
11/22 10 victorious Hillary Clinton illustrations that could have been – GQ
War, Civil Unrest, Privacy, Creeping Fascism, Police State
12/06 When the Washington Post ran the CIA’s propaganda network – Counterpunch
12/06 Internet censorship in US and Europe is coordinated – Daily Bell
12/05 U.S. reshaping budget to account for Russian military threat – Reuters
12/05 Trump takes on China in Tweets on currency, South China Sea – Bloomberg
12/04 Why what you read about the wars in Syria, Iraq could be wrong – Independent
12/04 Why U.S. ‘news’ media shouldn’t be trusted – Strategic Culture
12/04 Politicians exempt themselves from new wide-ranging spying laws – Independent
12/03 House quietly passes bill targeting “Russian propaganda” websites – Zero Hedge
12/03 Police body cameras especially urgent under Trump administration – Forbes
12/03 Internet archive successfully fends off secret FBI order – Intercept
Self-sufficiency, Food Security, Survival
12/06 Bivy bags – Survival Sullivan
12/04 8 steps to securing online privacy – Sovereign Investor
12/04 Ironically, less cushion in your running shoes may mean fewer injuries – Mercola
12/04 Breathe, exhale and repeat: the benefits of controlled breathing – Mercola
12/04 How to raise sheep – Survival Sullivan
12/03 Millennials are gonna pay big – Sovereign Investor
12/02 Blue LEDs light up your brain – Mercola
12/02 How sunlight affects your mental health – Mercola
CyberWar, CyberTerrorism, CyberCrime
12/06 The history of Stuxnet: the world’s first true cyberweapon – Vice
12/04 Stratfor looks back at 2016, the breakout year for cybercrime – Fabius Maximus
12/04 MAD concept of deterrence doesn’t apply in world of cyber war – eWeek
Off-Topic But Brilliant/Challenging/Infuriating
12/06 Google’s satellite timelapses show the inconvenient truth about our planet – Guardian
12/05 Fear mongering planet Nibiru collision in 2017 – Daily Bell
12/04 How big banks are putting rain forests in peril – New York Times
12/03 Are aliens draining solar energy from the sun? – Mirror.co.uk
12/02 This ridiculous drone gun can shoot down UAVs from 2km away – Wired
12/02 This is why Americans are overweight and broke – MarketWatch
12/01 Climate change will stir ‘unimaginable’ refugee crisis – Guardian
11/30 Google’s hand-fed AI now gives answers, not just search results – Wired
11/29 Biggest ever coral die-off on Australia’s Great Barrier Reef – Reuters
11/29 West Antarctic ice shelf breaking up from the inside out – AGU
11/28 Google’s instantaneous translation breakthrough – Kurzweil
