Home » Economics (Page 229)
Category Archives: Economics
Rabobank: The Dilemma Facing China Is Truly Awful
Rabobank: The Dilemma Facing China Is Truly Awful As has been the case since Monday’s sell-off, there is an attempt to try to look on the bright side of the virus headlines. Chinese officials are spreading the word globally that things are under control and that other countries should not be closing their borders to […]
Brace For A Global Crisis In 2020
Brace For A Global Crisis In 2020 The year 2020 could emerge as the start of the era of relative global chaos or major upheaval. It is the era we have been anticipating, as the impact of core population decline meets economic dislocation, and security and structural uncertainty. Changes in the fundamental sociological framework of […]
State of Denial
State of Denial Once again investors are made to believe that nothing matters. Only 2 trading days after Friday’s sell off $NDX made new all time history highs. Only 3 days after Friday’s sell-off $SPX made a new all time closing high. Only 4 days after Friday’s sell off $DJIA, $SPX and $NDX make new […]
Another Massively Oversubscribed Term Repo Confirms Persisting Liquidity Woes
Another Massively Oversubscribed Term Repo Confirms Persisting Liquidity Woes Two days after dealers unexpectedly flooded the first reduced term-repo (from $35BN previously to $30BN) offered by the Fed, the liquidity shortage in the repo market – which was supposed to be temporary and few if any strategists said would continue beyond year-end – persists, and […]
EVERYTHING but Bullion & Commodity BUBBLE
EVERYTHING but Bullion & Commodity BUBBLE I am going to start with something you hopefully can intuit as factual. Flacid fiat currency values in the aggregate, remain in their greatest bubble of all time. How do we know this?! Because gold bullion is nowhere near what the parasitical establishment will predictably and way too early describe as being in some valuation ‘bubble.’ The coming gold […]
The State of the Union: An Annual Reminder of Inevitable Default
The State of the Union: An Annual Reminder of Inevitable Default Last night’s State of the Union was particularly noteworthy for its showmanship. Scholarships were given away, medals were awarded, families reunited. At a time when national politics is bad theater, President Trump is clearly its most gifted star. Trump also knows what sells. As […]
US Launches Criminal Probe Into JPMorgan For Gold Price Manipulation
US Launches Criminal Probe Into JPMorgan For Gold Price Manipulation There was a time when the merest mention of gold manipulation in “reputable” media was enough to have one branded a perpetual conspiracy theorist with a tinfoil farm out back… and immediately banned from social media. That was roughly coincident with a time when Libor, […]
Code blue: Pandemics and hospital surge capacity in a just-in-time world
Code blue: Pandemics and hospital surge capacity in a just-in-time world We may be about to see the sad fruits of so-called just-in-time (JIT) inventory systems applied to hospitals in the United States and elsewhere. Fourteen years ago I first wrote about the vulnerabilities of such systems across society including health care systems. (Other observers have more recently noted this […]
When China’s Supply Chains Break, so Will the Delusion the U.S. Economy Is Invulnerable
When China’s Supply Chains Break, so Will the Delusion the U.S. Economy Is Invulnerable Was it ever plausible that China’s economy could grind to a halt and there wouldn’t be any consequences for the U.S. economy? No. Many commentators talk about supply chains in China, but how many have actually visited factories in China, other […]
“Made in China” Economic Hit Coming Right Up
“Made in China” Economic Hit Coming Right Up Economic contagion due to the coronavirus is underway. Hyundai halted production. Sony, Apple, and Ford issued warnings. If you can’t get parts, you can’t build cars. And due to a coronavirus-related manufacturing halt in China, Hyundai to Shut Down Some Production. Hyundai, the world’s fifth-largest carmaker, announced Tuesday […]
Foxconn Extends Delay, Won’t Restart iPhone Production Until Late February
Foxconn Extends Delay, Won’t Restart iPhone Production Until Late February Everything is wonderful Wednesday morning, because an unverified report from Chinese state television sparked a massive surge in equity futures as the Communist Party-controlled media intimated that the coronavirus might soon be cured. Cure or no cure, it’s clear the Chinese are going all-in on propaganda for […]
Prelude to Crisis
Prelude to Crisis “The Federal Reserve is running the risk of fomenting an eventual financial crisis by easing banking regulations at the same time that it’s cut interest rates…say some former Fed officials, including ex-Vice Chairman Alan Blinder and financial stability experts Daniel Tarullo and Nellie Liang.”– Bloomberg article on December 17th, 2019 ______________________________________________________________________________________________________ INTRODUCTION […]
Crisis-O-Rama
Crisis-O-Rama All of a sudden, events are looking a bit fluxy out there, as though the world is shuddering through some spooky ch-ch-ch-changes, like a monster waiting to be born, with strange convergences of ecology, politics and economy, and there’s only so much you can do to prepare, really. Criticality is in the air! The horses […]
Brace for Impact: Global Pandemic Already Baked In
Brace for Impact: Global Pandemic Already Baked In If we accept what is known about the virus, then logic, science and probabilities all suggest we brace for impact. Here’s a summary of what is known or credibly estimated about the 2019-nCoV virus as of January 31, 2019:1. A statistical study from highly credentialed Chinese academics […]
