John Rubino

Articles by John Rubino

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...
One of the big advantages of being a Latin American or Asian country used to be — somewhat counter-intuitively — the lack of credit available to most citizens. The banking system in, say Brazil or Thailand simply wasn’t “advanced” enough...
Citizens of the developed world are watching Venezuela’s descent into financial and political chaos mostly, it seems, with amused detachment, safe in the assumption that we’ll never end up hunting our cats and dogs for food.

But – since...
Japan and Europe have been operating with negative interest rates for going on a year now -- and this is what they have to show for it:









For readers who aren’t completely clear about the GDP charts, they’re measuring the...
The most recent batch of economic stats was even more disappointing than usual, resulting in a cliff dive for the Atlanta Fed's GDPNow US growth report:



It's the same around the world: With European, Japanese and Chinese numbers...
In the sound money community it’s generally understood that abandoning the last vestige of the gold standard in 1971 gave major countries effectively-unlimited credit cards – which corrupted them irredeemably.

Now – with government...

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