Financial Survival Network, Released on 8/1/23
Japan capitulates again, interest rates spike, yen falls.
Fed is getting frustrated that the markets don’t think it’s serious.
Under the headlines, the economy is still slowing.
— manufacturing indexes are in contraction
— commercial real estate is falling
— housing is frozen, stocks hit new highs and are cutting prices.
There’s a shortage of housing due to 3% mortgages. Baby boomers can’t downsize.
Niger coup roils the uranium market. Why political risk is a real thing.
The BRICS meeting is this month, expect lots of chatter leading up to it.
Is Elon Musk the most powerful person on earth?
Drones are taking over warfare.
The Cold War was scam.
Now the rearmament cycle begins anew.
John Rubino is the founder of the popular financial website DollarCollapse.com which he sold in 2022. Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. His latest work can be found at https://rubino.substack.com.