Courtesy of John Rubino.
US stocks fall after Trump press conference. Bitcoin down from recent high, gold resumes its rise. US jobs growth and wholesale inventories disappoint but wages jump. Global debt continues to soar, especially in China. US retaliates against alleged Russian hacking. Fake news debate rages. Trump holds first press conference since election.
Best Of The Web
Black magic fraud to be exposed in 2017 – gold up 300x – Egon von Greyerz
The economic risk of ignoring arithmetic – John Hussman
Michael Belkin interview – King World News
The death throes of “money” – SilverSeek
“European break up no longer unthinkable” – Zero Hedge
The false economic recovery narrative will die in 2017 – Alt Market
As we enter 2017, keep the big picture in mind – Peak Prosperity
“There is something strange going on… something doesn’t smell right” – Zero Hedge
My political-financial road map for 2017 – Nomi Prins
How to make America great again with other people’s money – Club Orlov
Fears of a ‘massive’ global property price fall – Telegraph
Happy New Year! – FOFOA
Currency and the collapse of the Roman empire – Visual Capitalist
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Breaking News
The Economy
1/12 German GDP grew 1.9% in 2016, strongest rate in five years – Economic Times
1/12 China credit growth exceeds estimates, lending remains robust – Bloomberg
1/12 Senate opens Obamacare repeal drive with overnight marathon – CNN
1/12 Massive VIX warning for all traders – Active Trading Partners
1/12 Fiat crashes, EPA accuses carmaker of cheating emissions tests – Zero Hedge
1/12 Gold pushes above $1,200, at 12-week high – kitco
1/12 Stocks extend losses on Trump policy disappointment – CNBC
1/12 2017: year the world economy starts coming apart – Our Finite World
1/12 Sears, Macy’s and The Limited are all closing stores – Most Important News
1/12 Hawaii pension fund shortfall hits $12 billion – Civil Beat
1/12 Public pensions out of control in Texas’ biggest cities – Watchdog
1/12 BofA finds consumer spending tumbled in December – Zero Hedge
1/12 Long-short hedge funds ditching shorts to focus on longs – Bloomberg
1/12 Little done to rein in China debt – MSN
Precious Metals
1/12 Gold doing what it does best – preserving wealth – GoldBroker
1/12 Another major catalyst for silver is about to surface – GoldSilver
1/12 Bullish long-term outlook suggests $50.00 silver ahead – Lombardi Letter
1/12 Gold is cheap insurance – Commodity Mantra
1/12 Hecla Mining silver, gold production up sharply over 2015 – Spokesman
1/12 Endeavour Silver: 5.4m oz silver and 57,375 oz gold in 2016 – Junior Mining Network
1/11 Gold hits session high as Trump provides no new economic info – Kitco
1/11 Frank Holmes: gold rally extremely likely in January and February – SafeHaven
1/11 Market intervention crushed profit margins – SRSrocco Report
1/11 This key precious metals indicator is screaming “buy!” – Casey Research
1/11 A time for caution, though gold stocks look like good buys – Streetwise Reports
Inflation, Deflation, Currency War, Cryptocurrencies
1/12 Central bank cites security threat in India cash mystery – Bloomberg
1/12 Bitcoin collapses, Chinese latecomers get fleeced – Wolf Street
1/12 Perils of the Icarus Trade as the world runs short of dollars – Telegraph
1/12 Those hostile to negative rates are ‘ignorant,’ Rogoff says – Bloomberg
1/12 Negative rate extremes & why one bank’s doing better than most – Bloomberg
1/12 China’s central bank is behind bitcoin’s falling price – Quartz
1/12 Investors are unprepared for inflation – Investopedia
1/12 Food prices rise as inflation returns to British supermarkets – Telegraph
1/12 How to position for a soaring dollar – Seeking ALpha
1/11 Mexican peso falls to record low as Trump speaks – Yahoo!
Real Estate Bubble
1/12 Mortgage rates sink for second week – MarketWatch
1/12 Vancouver: 50-80% drop in peak real estate prices? – HoweStreet
1/11 Suddenly, home sale agreements are falling apart across the US – Bloomberg
1/06 Mall companies fall as Sears announces plans to close stores – Bloomberg
1/05 Six reasons construction boom won’t last – Mish
DollarCollapse Podcasts
12/21 Blow-Off Top
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
Politics
1/12 The deep state goes to war with president-elect – Intercept
1/12 Scorching press conf shows Trump won’t have an easy presidency – Global Times
1/12 Trump’s news conference underwhelms, dollar falls, gold climbs – Lombardi Letter
1/12 Trump: Buzzfeed “failing pile of garbage”, CNN “you are fake news” – Zero Hedge
1/12 Le Pen LEADS in poll for first round of French voting – Daily Mail
1/12 French newspaper ditches polls after failing to predict Trump or Brexit – Express
1/12 Macron gives speech in English and Le Pen blows her top – Local
1/12 Late-night hosts mock Donald Trump for idea that Meryl Streep is ‘overrated’ – WaPo
1/11 Trump addresses Russia, ethics in wide-ranging press conference – NBC
1/11 NYT accuses CNN, Buzzfeed of peddling “fake news” over Russia report – Zero Hedge
1/11 4chan claims to have fabricated anti-Trump report as a hoax – Zero Hedge
Offshore Investing
12/23 The best countries for your escape plan – International Man
12/21 Do you have an offshore backup plan? – Sovereign Investor
12/17 If Europe goes down, we go with it – Nestmann
12/16 The real winner of the US elections – Mountain Vision
Clean Tech
1/11 UAE plans to invest $163bn in renewable energy projects – Energy Business Review
1/10 Sunedison said to exit India with sale of projects to Greenko – Bloomberg
1/10 The irreversible momentum of clean energy – Science Mag
1/09 Infinite solar power technology could completely change our future – Futurism
1/06 Israel harnessing sunshine with world’s tallest solar tower – Star Tribune
1/05 It’s final — corn ethanol is of no use – Forbes
1/05 Residential solar specialist sungevity’s reverse merger is canceled – Greentech Media
Art of the Collapse
1/07 Trump’s Twitter account was hacked by four-year-old? – New Yorker
1/06 Trevor Noah quizzes Congress: ‘Why are Americans mad?’ – Huffington Post
War, Civil Unrest, Privacy, Creeping Fascism, Police State
1/12 America versus the deep state – James Howard Kunstler
1/12 China should be barred from South China Sea islands? – Reuters
1/11 Chinese bomber flies around contested Spratlys in show of force – Reuters
1/11 Greece: severe weather places refugees at risk, government under fire – Guardian
1/11 US intel report: “era of American dominance drawing to a close” – Zero Hedge
1/11 Three strikes—you’re out! – International Man
1/11 The utter stupidity of the New Cold War – CounterPunch
1/11 Democrats are playing with fire on Russia – Hill
Self-sufficiency, Food Security, Survival
1/08 US seafood consumption up, but many still making unhealthy purchases – Mercola
1/08 A month without sugar – New York Times
1/06 As Calpers flails, don’t bank on your pension – Investor Place
1/03 How to survive a mass shooting – Survival Sullivan
1/03 Say goodbye to kale: the superfood trends for 2017 – Telegraph
1/03 SRSrocco top 2016 posts & my commentary for 2017 – SRSrocco Report
12/31 How to set up a prepping budget – Survival Sullivan
12/24 How physical inactivity increases risk for chronic diseases – Mercola
12/23 Healing tonic that helped climbing expedition conquer Everest – Alternative Daily
CyberWar, CyberTerrorism, CyberCrime
1/12 Yearly, Russia employs 1,000 hackers to attack the West’s networks – Sun
1/12 US losing dominance in cyber war – News Tribune
1/12 Cyber war has a new weapon: Your smartphone – Hill
1/12 The biggest security threats coming in 2017 – Wired
1/10 Two arrested for hacking emails of Mario Draghi, Renzi – Zero Hedge
Off-Topic But Brilliant/Challenging/Infuriating
1/11 EU proposal would kill spam in all forms without consumer opt-in – Mish
1/10 Mind-blowing AI announcement from Google – Gil Fewster
1/10 An expert called Lindy – Nassim Nicholas Taleb
1/10 Scientists find Alzheimer’s drug makes teeth grow back – Telegraph
1/09 Wrinkles could be a thing of the past – Telegraph
1/09 How ‘Sherlock of the library’ cracked the case of Shakespeare’s identity – Guardian
1/08 Giant iceberg poised to break off from Antarctic shelf – Guardian
1/08 Forty years later, FDA finally restricts use of antibiotics in livestock – The Fern
1/06 3,000 ride-sharing cars could replace 13,000 New York City taxis – Mish
1/03 Insurance claim adjusters replaced by “IBM Watson explorer” – Mish
1/03 Marijuana industry bracing for push toward legalization in 2017 – MarketWatch
