Financial Sense

The Crowd Mine
Cris Sheridan's picture

Two of the largest mining operations in the world happen to lie right next to each other, just south of Salt Lake City, Utah. The resources mined in each location are so deep and scattered on so vast a scale that their extraction requires the use of extremely large and powerful machinery.

Jim Rickards on the Death of Money, China, and Financial Warfare
Jim Rickards's picture

The international monetary system has collapsed three times in the past 100 years: in 1914, in 1939, and in 1971. Each collapse was followed by a period of turmoil: wars, civil unrest, or significant damage to the stability of the global economy. The next financial collapse will resemble nothing we've seen in history.

No Spring Rebound for Existing Home Sales
Tim Iacono's picture

The National Association of Realtors reported that sales of existing homes fell 0.2 percent in March to a seasonally adjusted annual rate of 4.59 million units as there appears to have been no spring rebound in home sales after the severe winter weather that saw home sales slow sharply last December. Unfortunately for buyers, home prices continue to rise.

Conference Board Leading Economic Index Increased in March
Doug Short's picture

The Latest Conference Board Leading Economic Index (LEI) for March is now available. The index rose 0.8 percent to 100.9 percent and the five previous months were revised upward (2004 = 100). The latest number was above the 0.7 percent forecast by

Is Nuclear Energy Ready for a Comeback?
Marin Katusa's picture

For a short while it seemed that nuclear power was going to see a revival. Then Fukushima happened and public sentiment once again turned sour, with many government leaders around the world shutting down their plants. However, as fears caused by the Fukushima incident begin to fade, Marin Katusa says that the bullish factors for nuclear energy are starting to resurface again.

Market Beginning to Shift Inflation Expectations
Sober Look's picture

As evidence continues to emerge that U.S. labor markets are gradually healing and wage growth is starting to stabilize, market participants as beginning to consider the possibility that inflation in the US has stabilized, albeit at low levels. Other signals seem to pint in the same direction.

Japan Trade Deficit Largest in History; Imports Soar, Exports Barely Up
Michael Shedlock's picture

Those who think a collapsing currency are a sure-fire way to increase exports need to rethink their beliefs. Japan has 50 nuclear reactors. Every one of them is offline. Abe wants to bring them back online, but the Financial Times reports "analysts think that at most 12-15 of the reactors will ultimately be restarted."

A Big Earnings Week Ahead
Sheraz Mian's picture

Stocks made a strong comeback late last week on the back of improving economic data, pushing the S&P 500 index back in positive territory for the year. We don’t have much on the economic docket today or the rest of this week, but...

The Adaptive Genius of Rigged Markets
Ben Hunt PhD's picture

If you don’t adapt, you die. Or worse … for an artist, anyway … you become uncool and passé. Your performance art becomes performance shtick. And yes, I’m looking at you, Elvis Costello. There’s an adaptive genius to the David Byrne’s and the David Bowie’s of the world, quite separate from their musical genius, and that’s what I want to examine in this note.

Reports Are Not Yet Confirming Slowdown Was All Weather Related
Sy Harding's picture

The stock market has hung in there so far this year in spite of negative economic reports from December through February that indicated the economy was slowing significantly.