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Four Scenarios Of How Covid-19 Could Wreak Havoc On Global Economy
Four Scenarios Of How Covid-19 Could Wreak Havoc On Global Economy The grave risks and dangers of a globalized world of interlocking supply chains over the last four decades is starting to be realized as the crash of China’s economy could cost the world $2.7 trillion. Bloomberg Economics says the shutdown of China’s economy could have severe implications […]
A Shift in the Global Financial Order Is Upon Us
A Shift in the Global Financial Order Is Upon Us The collapse in bond yields, exacerbated by the crash in oil prices, marks an end to the era of trust in central banks. OPEC+: A 24-Hour View Coronavirus. That will be the first and last time this column mentions that word. Despite the weekend’s many developments […]
Global Recession “Appears Inevitable” – Guggenheim’s Minerd Fears Cascading ‘Butterfly Effect’
Global Recession “Appears Inevitable” – Guggenheim’s Minerd Fears Cascading ‘Butterfly Effect’ In January, Guggenheim CIO Scott Minerd warned that ultimately, markets will need to reprice for this rising risk with increased bond spreads relative to Treasury securities. However, that day of reckoning when spreads rise is being held off by the flood of central bank liquidity and international […]
Black Monday… Part Two
Black Monday… Part Two At its lows today, this was the market’s biggest down day since 1987 (by the close the biggest since Oct 2018)! In a reflection of the total loss of faith policymakers among BTFDers, @Sentimentrader notes that: This is the only day in the history of S&P 500 futures that they gapped […]
$2.5 Trillion Wiped Out As World Stocks Crash Most Since 2008
$2.5 Trillion Wiped Out As World Stocks Crash Most Since 2008 As we previously noted, S&P futures triggered a “level one circuit breaker” after falling 7%, which means trading will be halted for 15 mins. The movement of US equity futures today is likely crash, then halt, crash then halt. It’s only a matter of time […]
S&P Opens Down 7%, Triggers Circuit-Breaker – Halted For 15 Mins
S&P Opens Down 7%, Triggers Circuit-Breaker – Halted For 15 Mins As we noted pre-open, S&P futures were locked limit-down 5%, but as we noted SPY was trading down 7.5% in the pre-open and now that the cash S&P 500 has opened and tumbled 7%… it is now halted for 15mins as the first major circuit-breaker […]
Major Liquidity Crisis Likely As Covid-19 Spreads
Major Liquidity Crisis Likely As Covid-19 Spreads The corona-virus has the potential to foster a major liquidity crisis, call it a liquidity issue if you want but the system could be on its way to freezing up! People and companies may decide to, or be forced, to hoard the money they have when they begin to […]
“Calamity”: Nomura Warns Or VaR Shock Adding To “Untradeable Markets”
“Calamity”: Nomura Warns Or VaR Shock Adding To “Untradeable Markets” Over the weekend, in our initial response to the shocking Saudi “scorched earth” price war declaration, we said that “once Brent craters on Monday to the mid-$30s or lower, the accompanying implosion in 10Y yields could make the record plunge in yields seen on Friday a dress […]
Markets Implode, Coronavirus Cases In Europe & US Explode, As Outbreak Slows In South Korea: Live Updates
Markets Implode, Coronavirus Cases In Europe & US Explode, As Outbreak Slows In South Korea: Live Updates Update (0650ET): As case counts explode across Europe, it looks like Spain – conveniently, Europe’s fourth-largest economy – will be next to cross the 1,000-confirmed-case threshold. SPANISH CORONAVIRUS CASES JUMP TO 999: HEALTH MINISTRY The health ministry has also […]
Dual Coronavirus, Oil Shocks Crash World Markets, 10Y Yield Craters, Futures Pinned Limit Down
Dual Coronavirus, Oil Shocks Crash World Markets, 10Y Yield Craters, Futures Pinned Limit Down Global stocks plunged with the Emini locked limit down for the longest period on record, crude oil tumbled as much as 33% as WTI plunged as low as $27.34, and the yield on the 10Y Treasury crashed to an all time […]
Peter Schiff: Fed’s Response To Coronavirus Is Just “Delaying The Day Of Reckoning”
Peter Schiff: Fed’s Response To Coronavirus Is Just “Delaying The Day Of Reckoning” Peter Schiff appeared on the Quoth the Raven podcast (iTunes, Spotify, YouTube) on Friday, where he and host Chris Irons discussed the impact of the coronavirus on the economy, gold, bitcoin and why he thinks the Fed is not going to be able to stop […]
Assume Crash Positions: Goldman Cuts Brent Price Target To $30 “With Possible Dips Near $20”
Assume Crash Positions: Goldman Cuts Brent Price Target To $30 “With Possible Dips Near $20” When we discussed Saudi Arabia’s shocking decision on Saturday to reverse on years of prudent oil policy following Friday’s stunning collapse of OPEC+, with the kingdom now set to obliterate the OPEC cartel by flooding the market with heavily discounted oil in […]
The population problem problem
The population problem problem A while ago I wrote a post probing critically at the idea that human population levels were at the root of our contemporary environmental problems. It prompted various critical responses in turn, including this one from Alan Ware and Dave Gardner of World Population Balance that’s only just come to my attention. They published it […]
Pandemic Pandemania Causes Global Economic Crisis
Pandemic Pandemania Causes Global Economic Crisis Back in the oil-embargo recession of the early 70s when Boeing was Seattle’s economy and was laying off thousands of Seattleites, a billboard on the edge of town by Sea-Tac Airport read, “Will the last person leaving Seattle turn the lights out?” (Boeing had gone from 100,800 employees in 1967 to […]
Fed Chairman Confirms Fed’s Role As The Great Enabler
Fed Chairman Confirms Fed’s Role As The Great Enabler As questions swirl about the Fed’s independence Fed Chair Powell has been busy trying to explain his reason for the “emergency” 50bps rate cut. Regardless of what he says Fed Chair Powell has confirmed the Fed plans to continue its role as the great enabler. This […]
