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John Rubino

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John is author or co-author of five books, including of The Money Bubble, The Collapse of the Dollar and How to Profit From It, Clean Money: Picking Winners in the Green-Tech Boom and How to Profit from the Coming Real Estate Bust. A former Wall Street analyst and featured columnist with, he currently writes for CFA Magazine.

Dollar - Conventional wisdom holds that stocks and gold are inversely correlated, which is to say they move in opposite (or at least unrelated) directions because they serve different purposes in a typical portfolio. Stocks are for capital gains in good times, gold is for protection in bad times. It doesn’t always work out that way, largely […]

Dollar - During the 1923 Weimar Republic hyperinflation, newly-destitute Germans burned their life savings to keep warm or carted wheelbarrows of cash to stores to buy bread and milk. This wipe-out of an entire generation’s wealth led directly to Hitler and WWII, arguably the two dumbest mistakes made by any country ever. So these guys understand the […]

Dollar - Most of us own too much unnecessary stuff and have borrowed waaayyy too much money to buy said stuff. Meanwhile, all that debt is boosting inflation, making things that actually matter harder to afford. But free people have a way of self-organizing solutions to their problems, and one of the more inspiring examples is the […]

Dollar - So you’re driving to work, obsessing about how much it just cost to fill the tank of your SUV and how much it sucks to have to return to the office after a year of working at home in your jammies, when you pull into the Starbucks drive-through to order your usual, only to find […]

November 12th, 2021 | Housing Is Officially A Bubble

Dollar - Since we’re in the “everything bubble,” it kind of follows that real estate — one of the things about which people with more money than sense tend to get most excited — would be rocking. And it is. But bubbles are about more than rising prices. They’re also about behavior, to be specific behaviors that […]

Dollar - From Pento Portfolio Strategies: Stagflation is undermining the U.S. economy, and that poses a huge problem for Mr. Powell and his merry band of money printers. Inflation is running at a pace that is just about 3x faster than real GDP growth–a figure the Fed can no longer ignore. This is why Mr. Powell had […]

Dollar - The Wall Street Journal just published a long, amazing look at what might be the tightest labor market in living memory. Here’s an excerpt: Help Really Wanted: No Degree, Work Experience or Background Checks  U.S. companies are downsizing the hiring process. Beauty product retailer The Body Shop is dropping educational requirements and background checks for […]

Dollar - But the bigger Down Under story might end up being interest rates. It seems that Australia’s central bank (RBA) had, like the Fed and ECB, been pegging short-term government note yields at extremely low levels, thus creating the illusion that local financial markets were tranquil and well-managed and not at all prone to sudden collapse. […]

Dollar - After decades of stagnation, wages are finally rising. McDonald’s, believe it or not, has made the whole $15 minimum wage movement obsolete by starting its burger flippers at $21 an hour. This is a good thing, but also a complicated one. In Remember Strikes? we covered some of the ways rising wages will change the world […]

October 26th, 2021 | Remember Strikes?

Dollar - Years (and years) ago, I was an unskilled 17- year-old who needed a job. So I drove out to a “foundry” (a factory that makes things out of molten metal) on the edge of town and asked if they needed any more workers. They said yes, hired me on the spot, and enrolled me in […]

Dollar - Solar panels are basically microprocessors, so it’s not a surprise that they’ve been following their own version of Moore’s Law, declining in price by 5%-10% each year. As a result, solar is now competitive with fossil-fuel-derived electricity in a growing number of markets. Even unlikely places like Saudi Arabia, awash in oil and natural gas, […]

Dollar - Here in the US, prices are rising, packages are shrinking and shelves are emptying. This is annoying, but it’s not (yet) the stuff of revolutions. The same, alas, can’t be said for some other places. One of the Wall Street Journal’s many recent articles on inflation contains this ominous section (emphasis added): The large central […]

Dollar - The mainstream media seems baffled by its sudden loss of both popularity and credibility. But it shouldn’t be. All someone from CNN or MSNBC or Fox has to do is watch one of their own shows, then immediately pull up something by Matt Taibbi or Glenn Greenwald. The difference between real journalism — defined as […]

Dollar - As China’s massive (and massively corrupt) real estate developer Evergrande circles the drain, an anxious world is wondering if this is an isolated and therefore manageable problem, or the first in a cascade of failures that threaten to pop the everything bubble. On Monday a second domino fell: China’s Property Fantasia Turns Nightmarish (Wall Street […]

Dollar - The recent back-and-forth precious metals action has left a lot of people frustrated with both the metal and the “permabulls” in this space. Fair enough. Gold has almost doubled from its 2015 low, but it’s done so in a really boring way, which is the ultimate crime in the blow-off stage of a financial bubble […]

Dollar - Home prices have never been higher when compared to the average family’s income. This kind of imbalance is normally a sign of an impending crash in home sales, followed by a drop in prices. But that’s not happening. Some recent headlines: Home prices set records in July; Tampa 4th highest in nation With no slowdown […]

Dollar - Yes, this series should probably be renamed “galloping fascism.” “Capitol Police” Go Nationwide This highly-specialized law enforcement agency is charged with protecting the federal government in Washington DC. But now it’s creating satellite offices around the country in order to, like the US military with its 100+ foreign bases, “fight them there so we don’t […]

Dollar - Pretend you’re a country that over the past decade has engineered the mother of all real estate booms, in the process encouraging your citizens to load up on houses, apartments, raw land, anything related to the property sector. Your households now have 74% of their wealth in real estate, versus only 28% for those house-mad […]

Dollar - Sometimes it helps to zoom out a bit. For gold (at least when priced in US dollars), the past few years’ action has seemed boring, one might even say directionless. But move the starting date back and flip the graphical relationship between metal and currency, as 321Gold’s Stewart Thompson recently did, and the picture looks […]

Dollar - Fox News host Tucker Carlson just interviewed a British rapper who gives a — gasp — reasonable assessment of the modern world. It’s nice to be reminded that sanity still survives out there:  

Dollar - The CDC maintains a database called Vaccine Adverse Event Reporting System (VAERS) that tracks the problems reported by vaccine recipients. Problems range from a brief headache to sudden death, and reporting is optional, so VAERS is by design incomplete and not always easy to analyze. But the current data do seem a bit odd. America […]

Dollar - Let’s start with this video clip in which an Alberta, Canada official informs the unvaccinated that they’re no longer allowed to have a cup of coffee with their next-door neighbor. From there, let’s move south to the US, where the Bill of Rights apparently no longer includes freedom of speech: Elizabeth Warren Demands Amazon Censor […]

Dollar - A lot of headline numbers show an economy that’s in pretty good shape. Official unemployment is 5%. GDP is growing at a totally acceptable 3% rate. Stocks are at all-time highs. Bonds, from US Treasuries to corporate junk, are priced as richly as they’ve ever been. These are all signs of robust health. Until you […]

SilverRadio.FM - The Advantages of Silver Over Gold

September 4th, 2021 | SPACs Tank. Are NFTs Next?

Dollar - Towards the end of financial bubbles, two things generally happen. First, legitimate ways to put capital to work become scarce as prices outrun expected cash flows. Second, large numbers of traders, who have grown used to seeing everything they buy go up, start chasing “innovations” with exciting stories but (in retrospect) insanely high risks. One […]
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