2020-04-22 19:04
This site tracks the amount of flights globally.As flights went down due to the coronavirus, stocks and oil crashed as well Read More
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Correlation Economics Blog
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Dedicated to monitoring breaking global economic news on a day to day basis
2020-04-20 21:34
WTI May oil contract just went to zero, that's how healthy our economy is.U.S. storage capacity is reaching its limits and that's why nobody wants to take delivery of oil for May contracts… Read More
2020-04-19 14:40
Whenever the Debt to GDP level goes above a certain point (>120%), stagflation occurs. Stocks will stagnate, while inflation goes higher.In the case of Japan, debt to GDP went over 120% i… Read More
2020-04-19 09:21
SRSrocco reports current status of the market. Only 3.2% of total assets is invested in gold. Read More
2020-04-17 07:35
Good news, power consumption recovered in March.Bad new, China GDP crashes 7% in Q1 2020 Read More
2020-04-15 20:42
I believe we should end the lockdown and start addressing the real problem, which is the impaired immune system. Dr. Shiva explains how Vitamin C, Vitamin D and Vitamin A can save everybody… Read More
2020-04-15 08:17
It seems that China's export and import data is improving Read More
2020-04-14 15:05
2020-04-14 10:54
Some countries have allowed mining to reopen in South America.Argentina: ESSENTIAL Argentina’s government classified mining an essential activity on April 3, a move which has allowed… Read More
2020-04-13 17:31
As predicted, the top in the VIX in 2008 and 2020 coincided with the bottom in gold Read More
2020-04-13 15:41
If nothing happens on the supply cuts, we will hit global oil capacity in a few months Read More
2020-04-11 17:48
The NIIP in essence shows the balance sheet of a country.A negative NIIP figure indicates that a foreign nation owns more of the domestic nation's assets than the domestic nation does of for… Read More
2020-04-11 14:08
This graph shows who is the most vulnerable to a rising USD.China can easily service its dollar debt, while Chile, Argentina and Mexico will have more difficulties Read More
2020-04-10 09:16
The Federal Reserve has started buying corporate junk bonds (BB- and up).The composition of the bond market is the following. So basically, the Fed can buy the whole corporate bond market no… Read More
2020-04-09 14:05
In March 2020, New York COMEX gold futures started to decouple from London LBMA spot gold. Each time this happened, the gold price went higher Read More
2020-04-08 21:17
U.S. debt was at 23 trillion at the start of 2020 and now it's 24 trillion. This is going up fast! Will also have negative impact on Debt to GDP going to 130% and beyond. This is going to be… Read More
2020-04-08 18:57
If you're planning on investing into some gold miners, try to buy the lowest cost gold mines. B2Gold is a good candidate Read More
2020-04-06 20:50
On 6 April 2020, we saw a whopping increase in 400 ounce gold stock at J.P. Morgan.6-April-2020: 4 million troy ounces were added: Read More
2020-04-06 08:36
The latest COFER numbers show that people are moving away from the USD. The euro has gained more trust Read More
2020-04-02 16:32
2020-04-02 13:34
6.6 million people filed for unemployment last week.You've seen nothing yet, 47 million will have no job.History shows that high unemployment increases the misery index and should boost gold… Read More
2020-03-27 22:53
I have never seen this before. Sudden increase in registered gold? Read More
2020-03-27 15:10
Gold Miners all over the world are shutting down, this could disrupt supply of gold and should be beneficial to the gold price.For more information, go here Read More
2020-03-25 08:06
2020-03-23 14:50
Rhodium fell from $11000/ounce to $2000/ounce in 1 week. Unreal! Read More
2020-03-22 11:13
It is obvious that we are in a recession, the question is whether this is inflationary or deflationary. The bankruptcies are deflationary, the massive QE's are inflationary. One asset that w… Read More
2020-03-19 07:35
Investors finally wake up to the disconnect between paper and physical silver. A week ago you could for example buy the PSLV ETF at a discount and take delivery at a premium. That window has… Read More
2020-03-18 23:47
One of the reasons why gold is declining together with the stock market is because of margin debt selling. To cover stock losses, investors needed to sell their gold and silver. The VIX show… Read More
2020-03-18 14:45
Banks are not wanting to lend out money anymore for the long term (3 months). 3 month minus Fed funds rate has spiked upwards Read More
2020-03-18 09:41
Something to watch here. Bond yields are rising which increases borrowing costs for governments Read More
2020-03-17 21:14
The equilibrium price of Brent oil is around $20/barrel. The only way to get oil back up is to get demand higher. Trump could buy up 3 billion barrels per day for example. This would quickly… Read More
2020-03-17 15:26
China power consumption is cratering 7.8% yoy and GDP will fall as well. It was so bad they didn't even give exact numbers, so I had to guess Read More
2020-03-15 16:04
When everything implodes and all debt is getting reset, we might want to see who will suffer the most. The countries with the most debt are Japan and the U.S., while Russia and Saudi Arabia… Read More
2020-03-14 14:32
The recent smash on gold and silver were probably attributed to liquidity selling to pay off debt, because there was not enough collateral left on the balance sheets. So companies were force… Read More
2020-03-13 12:54
This is really funny. Bond yields spiked Read More
2020-03-12 18:48
The Fed will now increase its Repo Operations to at least $1.5 trillion:NY FED SAYS : Today, March 12, 2020, the Desk will offer $500 billion in a three-month repo operation at 1:30 pm ET… Read More
2020-03-11 16:23
Amplats just reported an explosion at its platinum plant.In total, if alternative processing routes are not found, the disruption could represent up to 10% of platinum, 5% of palladium and 1… Read More
2020-03-11 09:56
At $30/barrel oil, the whole shale gas complex is bankrupt.If shale gas goes bankrupt, U.S.A. will not be energy neutral anymore. Trade deficits will probably skyrocket to above $1 trillion… Read More
2020-03-11 08:16
2020-03-10 18:44
The Fed is expected to cut rates on 17 March by 50 basis points.The ECB is expected to cut rates this week by 10 basis points.The Bank of England is expected to cut rates by 50 basis points… Read More
2020-03-10 11:56
Corporate debt has been going higher and higher compared to earnings Read More
2020-03-09 19:33
Central banks are now coordinating to increase the money supply, but they have a long way to go still when you look at this chart. You've seen nothing yet. The gold price will follow Read More
2020-03-09 11:45
The Federal Reserve has increased Repo Operations again due to the stock market turmoils. The maximum amount of repo has gone from $125 billion to $195 billion.The balance sheet expansion is… Read More
2020-03-06 14:52
2020-03-06 11:44
I wonder who will do best when gold goes up and oil goes down. (Especially when there are no OPEC+ oil supply cuts) Read More
2020-03-06 09:31
Here is a list of European banks and their book value. If you decide to buy banks, I would suggest that you choose from the top end of the list Read More
2020-03-05 22:17
We are in a recession Read More
2020-03-04 13:55
Gold is a bargain today Read More
2020-03-03 15:42
Gold is soaring Read More
2020-02-29 09:00
When we check the 2 year bond yield, we can be 100% sure that the Fed will cut rates in March 2020. Remember what happened in 2019 when the Fed cut rates? Gold went from $1300/ounce to $1600… Read More
2020-02-22 18:32
When you subtract investments from savings, you are left with the amount of money that can be invested in the housing market. Looking at the chart below, in 2020 there is a huge amount of sa… Read More
2020-02-22 18:21
In order to buy houses you need to have disposable income Read More
2020-02-21 15:48
Falling bond yields have been signaling that GDP is going to crash along with the PMI Read More
2020-02-19 11:00
The entire U.S. yield curve is below the CPI inflation rate of 2.5%. Read More
2020-02-19 09:10
According to Amplats, automakers are starting to consider using platinum instead of palladium in their cars. It will take about 18 months to do this Read More
2020-02-18 17:27
Gold is about to make an all time high in SDR basket of currencies Read More
2020-02-18 11:11
2020-02-17 11:56
There is no friggin way that interest rates will ever go back up because that would bankrupt pension funds Read More
2020-02-15 09:32
The Fed released its new Repo Schedule. They reduced the amount to $25 billion and then further to $20 billion. This should put a small dent to the rise in the stock market Read More
2020-02-11 17:20
Peter Schiff bets against Brent Johnson that the USD will be lower in one year. The reward is 1 gold coin.I actually think Peter will win when I look at the U.S. deficits: Read More
2020-02-09 10:07
Profits before tax as a percentage of GDP is a leading indicator for the stock market Read More
2020-02-08 09:57
New report out on USGS silver.It is not looking good for silver investors: production is up and silver reserves are up Read More
2020-02-08 09:01
Registered silver at COMEX is declining, usually a positive sign for silver price.Registered gold at COMEX is rising, usually a positive sign for gold price Read More
2020-02-07 21:26
Gold open interest came down, prepare for blast off higher in gold Read More
2020-02-07 19:36
And a reminder: Read More
2020-02-07 10:04
The rise in SHFE stock has slowed down Read More
2020-02-05 17:26
2020-02-02 09:45
Open interest went down for the first time since months.Each time this happened, gold started an up move Read More
2020-01-31 16:52
Very informative video on Deutsche Bank Read More
2020-01-31 16:39
Doesn't look very well here Read More
2020-01-31 14:00
New WGC report is out.Gold demand was down in Q4 2019. Gold supply was also down in Q4 2019 Read More
2020-01-31 13:44
Here are the budget projections of the U.S. The debt will never be paid off Read More
2020-01-30 22:46
Air cargo is correlated to GDP. That is why in 2020, the coronavirus will have a significant effect on GDP as air transportation is disrupted Read More
2020-01-30 19:46
The energy junk bond market accounts for 13% of CCC rated bonds. This is why when oil goes down, the junk bond sector will get a hit. Oil and banks are interconnected in this way Read More
2020-01-29 20:28
The Fed held rates steady. But what's very important is that repo is going to be extended until April 2020. This is supportive for gold. Bond yields were falling and starting to invert again… Read More
2020-01-29 17:09
The Fed will cut rates to 0% this year. Read More
2020-01-27 12:00
This looks like a bubble to me Read More
2020-01-25 09:13
The CPI and PCE are both important indicators of U.S. inflation. While CPI is more important from the perspective of an individual, PCE is more important from the perspective of monetary p… Read More
2020-01-24 11:59
The Ray Dalio portfolio is pretty high on bonds, which means he is expecting an inversion in the yield curve Read More
2020-01-24 09:58
The Coronavirus is growing exponentially Read More
2020-01-24 09:03
China power consumption grew 4.5% in 2019.By deduction this means that December 2019 only grew by 2.6% Read More
2020-01-22 10:27
Whenever the stock level of palladium goes down, this indicates there is a shortage and the palladium price will go up. This started to happen in 2014, when diesel cars were scrutinized by r… Read More
2020-01-21 17:23
When you have crypto, you're bound to lose some. Explanation starts here Read More
2020-01-20 14:33
I've stumbled upon a new stock pick.Sofina is a holding company which invests 80% of its holdings in private equities of fast growing businesses. They have close relations with Silicon valle… Read More
2020-01-19 14:27
It hasn't been this bad at the U.S. Mint. The sales collapsed in 2017, right when Trump got elected. Investors sold their gold and went into stocks Read More
2020-01-18 12:52
PSLV Sprott physical silver trust premium is slowly rising, could be bullish for silver Read More
2020-01-18 08:30
The Chinese state owned banks are the last banks standing.Rural and city bank NPL's are rising Read More
2020-01-17 20:00
Next week, it's Chinese new year. They already bought their gold in December: 158 tonnes. Take that into account Read More
2020-01-17 15:40
Another way to predict real GDP is to look at the transportation sector. The Cass freight index is correlated to GDP Read More
2020-01-16 18:10
How do you force China to buy soybeans from the U.S., while it's much cheaper to buy from Brazil due to the U.S. tariffs? Read More
2020-01-15 15:19
Powell said he would stop the repo operations in mid January. But yesterday, news came out that Powell will extend the repo operations until mid February. There is not a single truth coming… Read More
2020-01-15 08:56
Palladium lease rates have been rising tremendously and signal that there is a shortage of palladium.When this shortage persists and automakers won't have access to palladium anymore, they w… Read More
2020-01-14 19:13
A month ago Trump was going to cut tariffs in half and suddenly: => Tariffs are to stay in place till at least October 2020. Very bullish for precious metals. More domestic inflation and… Read More
2020-01-13 10:17
We've seen deposits grow tremendously, but loan growth has stalled. Typically a sign of a recession.Commercial loans are dropping Read More
2020-01-10 15:14
Another sign that the unemployment rate will move higher Read More
2020-01-10 13:46
As I predicted in my gold forecaster index video, non farm payrolls were missing estimates because I knew hirings were in the dumps Read More
2020-01-10 08:36
Another week passed, another new high Read More
2020-01-08 13:56
Russia and Malaysia oil prices are trading at a premium, benefitting from the Iran tensions.A premium of $15/barrel Read More
2020-01-07 16:52
2020-01-07 15:52
The U.S. dollar is still the reserve currency Read More
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