How is this possible? Trouble across the globe, nothing to see here, meanwhile this is imploding…
Best Laid Plans…
August 22 (King World News) – Holger Zschaepitz: “Germany’s historic 30y auction failed. Sold 30y bond at record-low yield of -0.11% but demand of €0.869 billion way below €2 billion target. (See below).
This May Be Tougher Than We Thought: Germany’s 30-Year Auction Failed
Now That’s High Unemployment
Jeroen Blokland: “South Africa’s unemployment rate has risen to 29%, the highest level since 2003! (See below).
Meanwhile, South Africa Is Imploding
Trouble In Techland
Lawrence McDonald, Former Head of Macro Strategy Society Generale: “Something is wrong with this chart…(see below).
HOW IS THIS POSSIBLE? SOX (Semiconductor Index On A Roll…While South Korean Semiconductor Exports Are Tanking
1984 Is Here
Stephanie Pomboy: “I know I’m wasting my time with this but here’s why the fixation on the monthly Payroll report is so inane. So much of the # is pulled out of thin air–via seasonal adjustment and more importantly the birth/death factor–and hence is prone to massive revision. Here’s a look at the role this birth/death adjustment has had on total ‘measured’ employment over the last year (fyi, the birth/death adjustment aims to estimate net new biz formations) (see below).
Lies, Damned Lies And Statistics
Nothing To See Here
Sven Henrich: “Today I learned from the CBO that we will average 1.8% GDP growth for the next decade and $1.2 trillion annual deficits for the same period. Now what’s the forward multiple you’re willing to pay for that? So that’s what? $34 trillion in debt by 2029 with no recession presumed in the modeling? So when will the Fed raise rates? In the year 2525 if man is still alive….
Monetary Tools Exhausted
Daniel Lacalle, Chief Economist at Tressis: “Monetary policy tools have been exhausted. Lower rates and more liquidity only weaken the economy and inflate larger bubbles. But the central banks continue to bet on lower rates.”
Today’s Big News
READ THIS NEXT! This Is Today’s Big News CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
SILVER KEY: Silver Spike Will Be The Catalyst For Unleashing Gold Price Targets Of $1,645 And $2,200+ CLICK HERE TO READ
Central Banks Rule The World, Less Than Zero, Plus The Road To $50 Silver CLICK HERE TO READ
Quote Of The Week CLICK HERE TO READ
Legend Connected In China At The Highest Levels Says Gold Price Will Surge Another $700 CLICK HERE TO READ
KWN has released the powerful audio interview with Rick Rule where he discusses chaotic global markets and what investors need to be doing right now, plus what he expects next in major markets, including gold CLICK HERE OR ON THE IMAGE BELOW.
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