John Rubino

Articles by John Rubino

One of the big recent changes in American life is the ongoing mass-migration from the middle of the country to the coasts, especially those of the Southeastern and Gulf States. Florida and the Carolinas, along with Houston and surrounding...
You’d think the previous decade’s housing bust would still be fresh in the minds of mortgage lenders, if no one else. But apparently not.

One of the drivers of that bubble was the emergence of private label mortgage “originators” who,...
Emerging market currencies are collapsing pretty much everywhere these days. But it’s safe to assume that most people don’t understand exactly what’s causing this outbreak, why it’s happening now, or what “external dollar debt” has to do...
Google “labor shortage” or “wage hikes” and the result is a picture of an overheating economy. Some examples from August 10:

Why Disneyland’s $15-an-hour labor deal is a win for workers everywhere

Colorado small businesses seek help...
Money manager Rob Arnott and finance professor Lisa Meulbroek have run the numbers on underfunded pension plans and come up with an interesting – and highly concerning – new angle: That they impose a “stealth mortgage” on homeowners. Here’...
The Wall Street Journal recently highlighted a better method of analysing the impact of public sector pensions on state and local budgets. The results are ominous for government finances, the bond markets, and pretty much everything else...
Excerpted from Michael Pento’s Pento Portfolio Strategies

China appears to have more to lose from a trade war with the US simply because the math behind surpluses and deficits renders the Bubble Blowers in Beijing at a big disadvantage...
China’s growth over the past decade has been not just impressive, but historically unprecedented. No single country has ever added this many factories, roads, airports and entire new cities in so short at time.

But the transformation...
Today’s Wall Street Journal contains a couple of charts that illustrate a relationship that’s not getting much media attention these days: The fact that tightening labor markets are forcing companies to raise wages, in the process...
Okay, one more look at wage inflation, followed by a short diatribe on the unfairness of life.

As the labor markets get tighter, power is finally shifting from companies to workers. For some reason Iowa is leading the way (the promised...

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Domestic gold prices tumble on reduced demand