Home » Economics (Page 221)
Category Archives: Economics
Destruction By Definition
Destruction By Definition Major U.S. stock market indexes yo-yoed about all week. On Monday, panic selling from last week turned to panic buying. Decades of Fed intervention have conditioned stock market investors to step in front of semi-trucks to scoop up nickels. The Dow Jones Industrial Average (DJIA) jumped 1,290 points. This marked its biggest-ever […]
Oil Crashes After Reports OPEC+ Talsk End Without A Deal
Oil Crashes After Reports OPEC+ Talsk End Without A Deal Update (1015ET): Reports, citing a delegate, for the first time in six years, OPEC ends talks in Vienna without a deal. being agreed. Oil prices are extending their collapse… * * * Update (0950ET): Bloomberg reports that OPEC+ talks “are on the verge of collapse” as it becomes clear […]
“We Have Never Seen This Before”: The Last Time The Market Did This, FDR Confiscated All The Gold
“We Have Never Seen This Before”: The Last Time The Market Did This, FDR Confiscated All The Gold To say that moves in the US stock market have been erratic in the past two weeks would be a prodigious understatement: with the Dow Jones swinging by over 1,000 points on nearly 5 occasions in the […]
The Greenspan Moon Cult
The Greenspan Moon Cult Taking another look at what I wrote about repo and the latest developments yesterday, it may be worthwhile to spend some additional time on the “why” as it pertains to so much determined official blindness, an unshakeable devotion to otherwise easily explained lunar events. The short version: monetary authorities as well as the “experts” describe […]
MSCI Warns US Stocks Could Fall Another 11% As Coronavirus Outbreak Worsens
MSCI Warns US Stocks Could Fall Another 11% As Coronavirus Outbreak Worsens Shortly before US stocks suffered another triple-digit point drop at the open – dampening the cheers of traders and pundits who gleefully celebrated stocks going positive for the week on Wednesday – MSCI warned on Thursday that another double-digit drop could be in store […]
Negative interest rates in the US are virtually guaranteed now
Negative interest rates in the US are virtually guaranteed now On October 19, 1987, the US stock market suffered the worst crash in its more than 200 year history, dropping more than 23% in a matter of hours. It wasn’t just in the United States, either. More than 20 major stock markets around the world, […]
Indian Government Nationalizes 4th Largest Bank As Shadow Banking Crisis Looms
Indian Government Nationalizes 4th Largest Bank As Shadow Banking Crisis Looms Two years ago we first noted the building crisis in the Indian banking system, and now, as Bloomberg reports, the Indian government has stepped in to organize a rescue plan for the nation’s fourth largest private bank as a long-running crisis among shadow lenders threatened to spill over […]
Peter Schiff: They’re Going to Need a Bigger Rate Cut!
Peter Schiff: They’re Going to Need a Bigger Rate Cut! Stop and pause for a moment and think about what just happened. The Federal Reserve says the US economy is strong, but it just initiated emergency monetary policy last seen during the worst financial crisis since the Great Depression. Something doesn’t add up. The Fed […]
The Fed “Is Complicit In Creating Fragilities In The System”
The Fed “Is Complicit In Creating Fragilities In The System” When the Fed cut interest rates this week, everyone had an opinion about it. The economy needs it to fend off recession. The economy has been hanging in well and they shouldn’t have rushed to spend dwindling monetary policy resources. They were responding to the […]
OPEC Agrees To 1.5MM Barrel Output Cut, But Fails To Obtain Critical Russian Backing
OPEC Agrees To 1.5MM Barrel Output Cut, But Fails To Obtain Critical Russian Backing Today’s OPEC meeting has been more of a stunt by members to persuade Russia to agree to deep cuts amid a demand shock triggered by the Covid-19. Ministers from OPEC agreed on a large cut of 1.5 million barrels per day in […]
Could China’s Overlapping Crises Spiral Out of Control?
Could China’s Overlapping Crises Spiral Out of Control? Threats, propaganda and the Orwellian dissolution of social trust cannot stop a withdrawal from the status quo. Longtime readers know I’ve had an active interest in what differentiates empires/nations that survive crises and those that collapse. There is a lively academic literature on this topic, and it boils […]
The Multipolar Alliance Induces Rumpelstiltskin’s Self-Destruction
The Multipolar Alliance Induces Rumpelstiltskin’s Self-Destruction There are several versions of the old German folk tale of Rumpelstiltskin. The story begins with greedy king who is told by a foolish old miller that a young girl (the miller’s daughter) had the ability to spin hay into gold. When the poor girl is locked into a […]
Globalization and Our Precarious Medical Supply Chains
Globalization and Our Precarious Medical Supply Chains The grave risks and dangers in the process of worldwide out-sourcing and so-called globalization of the past 30 years or so are becoming starkly clear as the ongoing health emergency across China threatens vital world supply chains from China to the rest of the world. While much attention […]
An Official Emergency
An Official Emergency Latest SARS-COV-II Video Update As officials scramble to get in front of a disease that seems to easily evade their slow-footed efforts, SARS-COV-II is growing exponentially in several countries. Iran’s cases and deaths are certainly far higher then they claim, as recent gruesome video evidence supports. The Federal Reserve took it’s only […]
