John Rubino

Articles by John Rubino

Last March, the financial markets were rocked by a disease that public health officials defined as a pandemic. Stocks and gold both tanked, and the locked-down economy went into free-fall.

Here’s the Nasdaq …



… and gold:...
Financial history includes plenty of extreme years. That’s not surprising, since we’re emotional beings with short memories. Combine those two traits and you get cycles, many of which end with a bang.

Even so, this one stands out. A...
If you’re over 40 you’ve lived through at least three epic financial bubbles: junk bonds in the 1980s, tech stocks in the 1990s, and housing in the 2000s. Each was spectacular in its own way, and each threatened to take down the whole...
Wall Street traders have traditionally played hardball with each other. They’ll take a position and then “talk their book” on CNBC, or short a competitor’s favorite stock while spreading negative rumors about it, or do any number of other...
As Washington borrows and spends to keep the pandemic lockdown from turning into a Greater Depression, federal government debt is approaching the same percentage of GDP as during WW II. This is a nice journalistic hook, especially because...
US stocks are behaving amazingly well given the political and economic near-chaos of the past few months. This is probably the first recession that inflated rather than popped financial asset bubbles.

Why? Because panicked governments...
The US has its share of problems right now (see One Crisis Is Manageable. Five Might Not Be).

But China is right up there in the “when it rains it pours” sweepstakes. As the apparent source of the covid-19 pandemic, it’s still battling...
Let’s say President Trump is right about the coronavirus “miraculously” fading away as temperatures rise in the Summer. Will things then go back to the old normal of globalization, free trade and finance-driven “growth”?

Almost...
Summary


The gold futures market took a big step towards bullish - or at least neutral - in the past week.
This divergence between gold (wait and see) and silver (start buying now) is confirmed by the gold/silver ratio, which is at...
There are trillions of dollars of bonds in the world with negative yields – a fact with which future historians will find baffling.

Until now those negative yields have been limited to the safest types of bonds issued by governments and...

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During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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