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China Syndrome: The Great Unwind

Posted on January 2, 2016

By David Stockman The giant credit fueled boom of the last 20 years has deformed the global economy in ways that are both visible and less visible. As to the former, it only needs be pointed out that an economy based on actual savings from real production and income and a modicum of financial market […]

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Copper Falls, Stocks Fall

Written by Gary North on January 14, 2015

Of all commodities, copper’s price is the favorite indicator of how well the economy is doing. If demand is falling now, manufacturing is heading for the skids. Demand is falling now. Yesterday, the Dow Jones Industrial Average opened up by over 200 points. Later in the day, copper fell a startling 6%. The DJIA closed […]

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Pulling the Plug: Taking Delivery of Gold

Written by Gary North on January 28, 2014

In 2011, the University of Texas investment committee took delivery of what was then just under $1 billion worth of gold. It had held the gold in the form of gold futures contracts. Kyle Bass persuaded the committee to take delivery. This video is worth viewing. Bass explains why he recommended this decision. The statement […]

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Oil Is Down This Summer. This Is Good News and Bad News.

Written by Gary North on June 26, 2012

The sharp decline of oil prices has been very good news for consumers. Gasoline prices have fallen. This leaves more money in family budgets. This is good news. Here is the bad news as of June 25. The biggest selling pressure came from cyclicals but was broad-based. All 10 sectors in the Standard & Poor’s […]

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China’s Imminent Recession Will Spread

Written by Gary North on June 21, 2012

There is little doubt that China is entering into a recession. The government of China’s statistics do not indicate this, but another key indicator does: the purchasing manager’s index. When it falls below 50, this indicates contraction. The PMI for China’s manufacturing sector is headed for 48.1. When China’s manufacturing sector is contracting, the urban […]

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Why Sanctions on Iran Are Also Sanctions on You

Written by Gary North on April 12, 2012

American voters who approve of President Obama’s sanctions on Iran should also approve of gasoline prices that are 25 cents per gallon higher than they would have been apart from the sanctions. Economic sanctions are restrictions on trade. Restrictions on trade raise prices. There can be no economic sanctions imposed by the federal government that […]

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Very High Gasoline Prices Ahead

Written by Gary North on April 9, 2012

There is a naive hope that new oil supplies in Canada and the USA will enable the world to keep up with rising demand for oil from Asia. It won’t happen. Gregor Macdonald is one of the world’s leading experts in oil supplies. He reminds us of reality: oil development takes decades, not years. For […]

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