John Rubino

Articles by John Rubino

“The problem with police officers and firefighters isn’t a public-sector problem; it isn’t a problem with government; it’s a problem with the entire society. It’s what happened on Wall Street in the run-up to the subprime crisis. It’s a...
Go through the late 2015/early 2016 articles published on this and similar sites and you’ll find a consensus that 2016 was going to be a really bad year. Corporate profits were falling, business inventories had spiked, and deflation was...
What do the following headlines have in common?

US wages grow at fastest pace since 2009
Euro area economy ended year with strongest growth since 2011
Surge in home prices is beating the one in mortgage rates
Manufacturing in U.S...
One of life’s hardest-to-learn but most necessary lessons is that things usually take a lot longer to work out than you’d like them to.

That’s where the sayings “Being too early is the same thing as being wrong” and “The market can stay...
The world has gotten so used to ultra-low interest rates that even economists and money managers seem to be shocked by what happens when rates start creeping back towards normal levels.

Some of the mini-bubbles that formed in an...
It's the same story every time: Imbalances build up during a recovery but most investors ignore them, because good times have become the new normal and the uptrend seems bullet-proof. Then things fall apart and everyone wishes they'd paid...
ECB Chairman Mario Draghi’s announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming apart at the seams and the only tool left to delay the inevitable is easier money. As the...
Central Banks Become World's Biggest Stock Speculators

At first, the idea of central banks intervening in the equity markets was probably seen even by its fans as a temporary measure. But that's not how government power grabs work....
I know it’s bad form to express sympathy for the people running the world’s central banks. But come on, they’re human beings in an impossible spot with no idea how to escape. The pain they feel is both intense and legitimate, and we should...
Calling Wall Street’s banks stupid and dangerous is like calling the sun “big and warm.” It’s a clear understatement of an obvious fact. The same goes for calling Japan and China economically clueless. Their actions pretty much guarantee...

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Peru became the world’s largest producer of silver in 2012.