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The White Swans of 2020
The White Swans of 2020 Financial markets remain blissfully in denial of the many predictable global crises that could come to a head this year, particularly in the months before the US presidential election. In addition to the increasingly obvious risks associated with climate change, at least four countries want to destabilize the US from […]
No One Gets Out Of Here Alive (Part Two)
NO ONE GETS OUT OF HERE ALIVE (PART TWO) In Part One of this article I exposed the numerous false narratives being peddled to the masses, as this Fourth Turning is entering the intense phase headed towards an unknown climax. I’ve been expecting the next shoe to fall in this Fourth Turning for years, but the financial […]
Coronavirus: An Economic Pandemic?
Coronavirus: An Economic Pandemic? How COVID-19 could alter Canada’s oil and gas industry, tourism, education, and public health. Also in Canada, and many other countries around the world, the epidemic is a threat to the livelihood of millions: the people who mine the raw materials China buys, the corporations that depend on Chinese-made goods as […]
The World Is Awash in Oil, False Assurances, Magical Thinking and Complacency as Global Demand Careens Toward a Cliff
The World Is Awash in Oil, False Assurances, Magical Thinking and Complacency as Global Demand Careens Toward a Cliff This collapse of price will manifest in all sorts of markets that are based on debt-funded purchases of desires rather than a warily prudent priority on needs. Since markets are supposed to discover the price of excesses and scarcities, […]
Trump Sanctions Rosneft, Russia’s Largest Oil Company, For Helping Maduro In Venezuela
Trump Sanctions Rosneft, Russia’s Largest Oil Company, For Helping Maduro In Venezuela The Trump administration announced significant new sanctions on Tuesday targeting Rosneft, Russia’s largest oil company, for helping Venezuelan leader Nicolas Maduro circumvent U.S. sanctions. Specifically, the sanction targets Rosneft Trading SA, a unit of Russia’s state-owned oil giant Rosneft, as well as company’s […]
Dominos Are Falling – China Shutdown To Crush India’s Already-Crumbling Economy
Dominos Are Falling – China Shutdown To Crush India’s Already-Crumbling Economy The supply chain shock emanating from China to other Asia Pacific countries and Europe, could become a major headache for India. Bloomberg focuses on how an industrial shutdown of China’s economy has already had a profound effect on India’s economy and could get worse. Pankaj R. Patel, chairman of Zydus Cadila, […]
No One Gets Out Of Here Alive
NO ONE GETS OUT OF HERE ALIVE “The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to […]
Blain’s Morning Porridge – 17 Feb 2020: Virus pain and Softbank
Blain’s Morning Porridge – 17 Feb 2020: Virus pain and Softbank “Lord, give me strength to deal with London cyclists…” A quiet day’s play in prospect with a US holiday, and its UK mid-term holiday all week. The Covid19 Coronavirus is likely to remain the dominant issue to worry the markets. Infections continue to […]
Beijing Crashes The Party: Chinese Media Warns Austerity Is Coming After FinMin Says “Proactive Fiscal Policy” No Longer Feasible
Beijing Crashes The Party: Chinese Media Warns Austerity Is Coming After FinMin Says “Proactive Fiscal Policy” No Longer Feasible One of the top reasons why stocks have continued to hit new all time highs despite the ongoing economic shock that has crippled China’s economy, which according to Goldman will push its GDP to zero (or […]
US Firms In China Suffering “Severe Shortages Of Workers,” Warn Virus Impact Hitting Supply Chains
US Firms In China Suffering “Severe Shortages Of Workers,” Warn Virus Impact Hitting Supply Chains The global supply chain Armageddon is happening. The economies of the world are more interconnected than ever. There are many ‘single points of failure’ in these complex and global operations, of which many of them originate in China. A new poll via […]
Bill Gates Warns “10 Million Lives” At Risk As Virus Spreads To Africa And Taiwan Reports First Death
Bill Gates Warns “10 Million Lives” At Risk As Virus Spreads To Africa And Taiwan Reports First Death Summary: Taiwan reports 1st coronavirus death Taiwan taxi driver who died from virus carried passengers from mainland, Hong Kong, Macau Singapore reports 3 more cases Indonesia says 6 passengers from Westerdam cruise ship tested negative There are […]
Coronavirus and credit – a perfect storm
Coronavirus and credit – a perfect storm This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s economic impact and they commonly express the hope that after […]
Poetic Justice Coming For The 1%
Poetic Justice Coming For The 1% To understand just how grim the coming decade is likely to be for the world’s super-rich, let’s start with three premises: 1) Capitalist democracy — defined as free individuals managing their own property and periodically electing new leaders — is the only system of social organization that’s consistent with […]
Median CPI Runs Hot, Fed Averts Eyes
Median CPI Runs Hot, Fed Averts Eyes Despite the Fed’s proclamations, the dollar lost purchasing power at a good clip. The inflation measure by the Cleveland Fed – the “Median CPI” – rose at 0.3% in January from December. This translates into an annualized rate of 3.7%. For the 12-month period, the Median CPI rose […]
The Four Coronavirus Scenarios: The Bad; The Worse; The Ugly; And The Unthinkable
The Four Coronavirus Scenarios: The Bad; The Worse; The Ugly; And The Unthinkable Summary The Covid-19 coronavirus could be more disruptive than markets are currently pricing in. Not in the least because the ‘true’ number of infected people remains uncertain, as the recent surge in cases exemplifies We outline four scenarios in which the virus […]
