John Rubino

John Rubino Articles

The bull market that wouldn't end finally has. In a brutal day that just kept getting worse, US stocks followed Asia and Europe into the deflationary vortex.
After nearly three decades of stagnation, Japan in 2013 went all-in, ordering its central bank, the Bank of Japan, to buy pretty much every bond on the market with newly-created yen. The BoJ's balance sheet -- a rough proxy for the amount...
The whole "market economy" thing is turning out to be a little trickier than China's dictators expected. To set up the story: After the 2008 crash the country borrowed about $15 trillion (an amount that dwarfs the US Fed's quantitative...
Sprott Asset Management’s Rick Rule is one of the smartest guys in the resource investing world — and one of the most reasonable — which has made his interviews of the past few years a little disconcerting. Along with the obligatory...
When talk turns to what might derail today's debt-driven "recovery," the big names and easy stories get most of the attention: China with its soaring debt, volatile equities and heavy-handed intervention; Japan with its stratospheric debt...
Fear and greed are both getting a serious workout lately, but Monday will be even more fun than usual because of two big stories that hit over the weekend. First, Greece decided to put the draconian demands of its European creditors to a...
History teaches that long trends end only when everyone is finally convinced that they’ll keep going. Maybe no trend in modern times has been as convincing as interest rates. The yield on long-term Treasury bonds, for instance, has been...
China, India and Russia are accumulating a lot of gold, but they’re virtually alone. Traditional money managers, for a variety of reasons, view the metal as neither a viable investment (because it doesn’t pay interest) nor a substitute for...
One (perhaps the only) bright spot in the past few year's gold market has been Chinese and Indian demand for the metal. Here's a chart, courtesy of Ed Steer's Gold & Silver Daily, showing that the two countries have imported a...
When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of that other currency. This confers several benefits, including the enforced discipline of the other,...

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Gold's special properties mean that it has a greater variety of uses than almost any metal.