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China Central Bank Warns Downward Pressure On Economy Increasing
China Central Bank Warns Downward Pressure On Economy Increasing Several weeks ago, the People’s Bank of China (PBOC) said it would “increase counter-cyclical adjustments” to prevent downward pressure on the economy. Now the PBOC is warning that it might not be able to ward off these downward pressures in the short term, reported Reuters. The PBOC’s […]
Darn, This Is Inconvenient: Apple Is Destroying the Planet to Maximize Profits
Darn, This Is Inconvenient: Apple Is Destroying the Planet to Maximize Profits Stripmining the planet to maximize profits isn’t progressive or renewable–it’s just exploitive and destructive. How do we describe the finding that the planet’s most widely-owned super-corporation is destroying the planet to maximize its smartphone sales and profits? Shall we start with “inconvenient?” Yes, we’re […]
ATMs Spitting Back Bank Cards In Lebanon As “Dollars Have Virtually Disappeared”
ATMs Spitting Back Bank Cards In Lebanon As “Dollars Have Virtually Disappeared” Though banks reopened this week in Lebanon, with the country’s financial institutions remaining front and center in massive anti-government protests amid accusations of corruption and wild mismanagement, withdrawal limits have now been made official by the country’s Banks Association — previously unofficially enforced. The formal controls now include limiting […]
China’s ‘Official’ Virtual Currency Could Be Arriving “Quite Soon” To “Challenge The U.S.”
China’s ‘Official’ Virtual Currency Could Be Arriving “Quite Soon” To “Challenge The U.S.” As if the trade war – and soon to be currency war – between China and the U.S. needed another wrench thrown in its gears… China sent cryptocurrencies tumbling on Friday after re-cracking-down on exchanges that are operating illegally against authorities’ ban. […]
Chinese Media Stunner: China Will Be The Next Country To Cut Rates To Zero
Chinese Media Stunner: China Will Be The Next Country To Cut Rates To Zero One week ago, we showed in one chart why the global economic recovery that so many expect is just a few months away, won’t happen: as the chart below shows, China’s credit intensity since 1994 has exploded. This means that before the Global Financial […]
What Happens After The Economic Momentum Ends?
What Happens After The Economic Momentum Ends? At Some Point We Have Simply Overbuilt! The economic landscape before us continues to look like something out of “Alice And The Looking Glass”. A bizarre and unrecognizable land, a land that is distorted and papered over by ream after ream of paper. For over a decade this […]
The Greatest Swindle in American History… And How They’ll Try It Again Soon
The Greatest Swindle in American History… And How They’ll Try It Again Soon International Man: Before 1913 there was no income tax, and the United States was a much freer country. Initially, the government sold the federal income tax to the American people as something only the rich would have to pay. Jeff Thomas: Yes, […]
The Phantom Mania
The Phantom Mania There’s nothing of substance underlying the current market melt-up Well, stocks are back at all-time highs. Ignited by the Fed’s “Not-QE” program and endless Trump administration teases of an “imminent” China deal, the S&P 500 has been propelled above its upward Bollinger band — a hyperextension only seen one other time since […]
OECD Sees Global Growth At Decade-Low As WTO Warns Of “Doomsday Scenario”
OECD Sees Global Growth At Decade-Low As WTO Warns Of “Doomsday Scenario” Global growth is quickly plunging to levels not seen since the financial crisis as the risk of long-term stagnation has developed, according to the OECD’s latest Economic Outlook. The world economy is expected to grow at a decade-low of 2.9% this year and remain […]
Fear of “Reversal Rates” Sets in, Says the Fed
Fear of “Reversal Rates” Sets in, Says the Fed The fear that today’s negative or low interest rates render central banks helpless in face of the next economic crisis. There is now a new theory cropping up in Fed-speak and more generally in central-bank speak. It’s not actually a new theory. I have been saying […]
There is no such thing as a business as usual scenario
There is no such thing as a business as usual scenario The discussions about how much it will cost to mitigate climate change is a smokescreen. What constitutes a cost is not an objective fact, but laden with assumptions and subjective values. How much does it cost to stop climate change, to keep within the […]
Central Bankers Are Starting To Lose Control
Central Bankers Are Starting To Lose Control All is good. The trade war between China and the United States comes to an end, the global economy has weathered the worst, and central banks are making sure that markets continue to go up. This is the scenario currently shaping the consensus. Kevin Duffy is a battle-proven […]
Peter Turchin And The Coming Crisis Of The 2020s
Peter Turchin And The Coming Crisis Of The 2020s Increasingly, social science is dominated by Leftist ideologues who use the remaining respect that academia still has among the public to inculcate students and public alike with their equalitarian dogmas. But there are honorable exceptions. One of these: Peter Turchin, a Russian who is professor of Evolutionary Biology at the University of […]
Assange, Nitrogen, Pensions, Solomon
Assange, Nitrogen, Pensions, Solomon I’m getting pissed off about multiple things right now, too many to make them all separate essays. Let’s give it a combined shot: In Holland, the talk of the town is nitrogen emissions. I’d never seen it raised as that kind of problem, but there you go. The government last week […]
