from X22Report Spotlight:
by Jim Rickards, Daily Reckoning:
1 – Trade Wars Flashpoints, From China to Canada and Mexico
Wall Street has knee-jerk reactions to any trade war related headlines.
There are legitimate reasons to be concerned about trade wars. The world is increasingly more connected than ever. Many major American companies that are household names such as Starbucks (SBUX), Boeing (BA) and Apple (AAPL) rely on their exports (and imports) from China for a sizable portion of their overall sales and profits.
If China continues to retaliate against trade war policies from the U.S. with harsh measures of their own, it could hurt revenues of those firms.
by Nathan McDonald, Sprott Money:
As predicted towards the end of last year, Cryptos have trended lower—much lower—throughout the first few months of 2018.
From a contrarian investor’s perspective, this came as no surprise, as the masses rushed into the streets and those who scarcely could say the word “Cryptocurrency” dove in with both feet.
This is always a red-hot warning sign. Especially when compounded with the fact that the majority of those joining the party in the late hours were saying that “it can never go down”, “Lambo’s for all!”, and other statements that are frequently made near a bubble top.
by John Rubino, Dollar Collapse:
Record student loan balances? Check. Trillion dollar credit card debt? Check. Six tech stocks dominating the Nasdaq? Check. Subprime auto loans at record levels? Check.
All that’s missing is subprime mortgages and we’d have every bubble base covered. Oh wait, those are back too, just under a different name:
Subprime mortgages make a comeback—with a new name and soaring demand
They were blamed for the biggest financial disaster in a century. Subprime mortgages – home loans to borrowers with sketchy credit who put little to no skin in the game. Following the epic housing crash, they disappeared, due to strong, new regulation, and zero demand from investors who were badly burned. Barely a decade later, they’re coming back with a new name — nonprime — and, so far, some new standards.