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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 TheStreet.com, he currently writes for CFA Magazine.

Dollar Collapse.com - Today’s relief rally is brought to you by chastened US and Chinese trade negotiators who are now working on a “mini” trade deal that will apparently include a reduction in US tariffs in return for some minor Chinese concessions on things like mandatory joint venture partners for foreign companies wanting to set up shop in […]

Dollar Collapse.com - Pity the guys now running the Fed. They’ve inherited an economy that requires ever-bigger infusions of new credit and ever-lower interest rates to avoid financial cardiac arrest. But with interest rates already perilously close to zero the usual leeway is no longer there. Making the best of a bad hand, Fed chair Jerome Powell has […]

September 27th, 2019 | So Much For Goldilocks

Dollar Collapse.com - Stock prices are high and fairly stable, while interest rates are low and fairly stable. A casual observer might infer from this that the global financial markets are experiencing one of those fabled Goldilocks moments where everything is just right. But under the surface things are anything but just right. Among the high (or low)-lights: […]

Dollar Collapse.com - People have been talking about a “debt bubble” for some years now. They’ve been right, of course, based on the combination of surging borrowing and plunging rates. But the bubble hasn’t stopped inflating, and recently it entered what sure looks like a terminal blow-off stage. Some highlights: Though July, China’s total debt rose by $2 […]

Dollar Collapse.com - Major US bank Wells Fargo has apparently been getting a lot of client inquiries about gold, and has responded pretty much as you’d expect: Hold Some But Not Too Much Gold, Says Wells Fargo (Kitco News) – Wells Fargo is once again cautioning investors from buying too much gold as prices continue to trade north […]

HoweStreet.com Radio - Trade Wars quickly turn into Currency Wars

Dollar Collapse.com - A central bank that’s desperately trying to ignite a borrowing/spending frenzy to offset an incipient recession has one wish above all: That the currency it’s creating flows beyond safe-haven assets and into riskier niches. Call it the democratization of credit or Ponzi finance. Either way, the result is a lot of borrowing and spending, which […]

Dollar Collapse.com - President Trump and Congresswoman Alexandria Ocasio-Cortez don’t agree on much – and would be loath to admit it if they did. But their ideas on monetary policy are converging on the same goal: easy money forever. Trump is now trying to force the deep state to devalue the dollar: Trump has reportedly asked aides to […]

Dollar Collapse.com - Mark Mobius took over for the legendary John Templeton at Franklin Templeton’s Emerging Markets Fund back in the 1980s, and filled those big shoes well for three decades. Now running his own shop, he recently made what seems like a completely reasonable suggestion about gold — one that if adopted by the broader investment community […]

Dollar Collapse.com - It is generally, if grudgingly, accepted that the “paper gold” markets – that is, the people trading futures contracts and options – are able to dictate the metal’s price and have used this power to suppress and delay gold’s inevitable trip to the moon. It’s also generally believed (at least by gold bugs) that demand […]

Dollar Collapse.com - Not so long ago, Europe seemed to have its financial house more-or-less in order. German government spending was actually falling. Industries that had been nationalized in the socialist 70s were being privatized. The European Central Bank – run by sound money advocate Jean-Claude Trichet – was smarter and more cautious than the incoherently rambunctious Bernanke […]

Dollar Collapse.com - Gold has spent the past couple of weeks steamrolling technical barriers and reviving the spirits of long-suffering gold bugs. But markets don’t move in a straight line. Bull runs (if that’s what this is) have stomach-churning corrections along the way – usually just as everyone concludes that the good times will roll on forever. 321gold’s […]

Dollar Collapse.com - It’s been a pretty good couple of months for precious metals, but more so for gold than silver. Both are up but gold is up more, and the imbalance that this creates might be one of the major investment themes of the next few years. The gold/silver ratio – that is, how many ounces of […]

Dollar Collapse.com - The past few years have been a feeding frenzy for most major asset classes. Stocks blew through previous highs, as did trophy real estate, fine art, and, most recently, Treasury bonds. A big part of the reason for what came to be called the everything bubble was the sense that with everyone else making easy […]

Dollar Collapse.com - Just a couple of weeks ago the financial world’s biggest worry was the plunging price of oil. Supply was up, stockpiles were building and speculation was pointing towards $40 a barrel, a price at which the fracking/shale oil “miracle” would evaporate. A trillion dollars of related junk debt would default, taking a big part of […]

Dollar Collapse.com - Critics of modern monetary policy have been predicting that the day would come when a central bank would cut interest rates (or at least promise to), and the financial markets, instead of throwing a party, would fall. Then it would be game over for easy money. This has yet to happen in the US. Both […]

Dollar Collapse.com - Here we go again. After a couple of big trading sessions, gold – for the d. It looks like fundamentals, including the Fed’s capitulation to choppy stock markets and trade-war related economic uncertainties, are trumping gold’s usual seasonality (strong in spring, weak in summer) at the moment. And those issues aren’t abating: Recent headlines paint […]

Dollar Collapse.com - The most consequential words ever spoken by a central banker are, without doubt, ECB chair Mario Draghi’s 2012 promise to “do whatever it takes” to stop the bleeding of the Great Recession and keep the eurozone from spinning apart. Specifically: “Within our mandate, the ECB is ready to do whatever it takes to preserve the […]

Dollar Collapse.com - You’d think that the more trouble the US causes around the world, the weaker the dollar would trade. Who, after all, wants to own the currency of the country perceived by most to be the source of today’s long list of trade conflicts and dirty wars? Apparently everyone, in a dynamic that’s been defying logic […]

Dollar Collapse.com - A few short weeks ago, the economy seemed to be growing, the trade war looked winnable and the Mueller Report appeared to take presidential impeachment off the table. And then… The economy hit a rough patch. Auto sales are down and home sales are way down. This morning: Pending home sales fall, marking the 16th-straight […]

Dollar Collapse.com - One of the lessons of the past few decades’ boom/bust cycles is that each financial bubble emerges in a different asset class. In the 1970s it was precious metals, in the 1980s junk bonds, in the 1990s tech stocks and in the 2000s mortgage-backed bonds. Today the only one of these with a reasonable chance […]

Dollar Collapse.com - Every week is eventful these days. But the most recent one stands out for sheer edge-of-the-abyss when-it-rains-it pours diversity. Some of the highlights: US stocks fell for the 5th straight week “logging the longest weekly losing streak since June 2011.” The US yield curve inverted decisively as long-term Treasury yields plunged. Past yield curve inversions […]

Dollar Collapse.com - In late 2018 the US stock market tanked, in effect holding a gun to its own head and threatening to pull the trigger unless the Fed stopped raising interest rates. The Fed, painfully aware that an equities bull market is an existential threat in today’s hyper-leveraged world, quickly caved, promising no more rate increases if […]

Dollar Collapse.com - The gold futures market took a big step towards bullish — or at least neutral — in the past week. Speculators (usually wrong at big turning points) scaled back their long bets while commercials (usually right at turning points) reduced their net short positions. This is progress, but still leaves speculators long and commercials short. […]
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