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Here’s How the New U.S.-China Trade Talks May End
Here’s How the New U.S.-China Trade Talks May End With the U.S. and China in the midst of a new round of high level trade talks, this Thursday marks 22 months since tariffs were launched and the trade war began. Far from being “easy to win”, the trade war has lasted far longer than most […]
The Green New Deal and Accursed Wealth
The Green New Deal and Accursed Wealth Pulp mills, Longview, Washington. Photo: Jeffrey St. Clair. Accursed Wealth! O’er bounding human laws,Of every evil thou remains’t the cause:Victims of want, those wretches such as me,Too truly lay their wretchedness to thee:Thou art the bar that keeps from being fed,And thine our loss of labour and of […]
Geopolitical Signals Of Global Economic Crisis Abound
Geopolitical Signals Of Global Economic Crisis Abound As I write this, news feeds are buzzing with questions and confusion over the October US/China trade talks. In September there was a massive propaganda campaign within the mainstream media to push the notion that a deal with China was imminent, which boosted markets otherwise on the verge […]
For The First Time Ever, Greece Issues Negative Yielding Debt
For The First Time Ever, Greece Issues Negative Yielding Debt As armies of fixed income strategists battle over whether US Treasuries are facing higher or lower yields, Greece has no such qualms and in a historic shift today, the former bond market pariah and Eurozone’s most indebted nation, joined the exclusive club of negative-yielding European […]
The Global Pastime Of Kicking The Can Down The Road
The Global Pastime Of Kicking The Can Down The Road Nowhere is the trend of kicking the can down the road more prevalent than in government. Consider this a tribute to politicians and governments everywhere that postpone and delay taking necessary actions. Frequently for politicians, the goal of being reelected takes priority over doing the right […]
Turkey Joins Russia’s Ruble-Based Alternative To SWIFT After repeated warnings over the past couple of years, Turkey and Russia have signed a pact to increase use of the ruble and lira in cross-border payments, with Turkey signing on to Russia’s alternative to SWIFT, the international telecommunications protocol used by banks and central banks the world over. […]
“Panic At The Repo”: One Of The World’s Top Repo Experts Explains What Really Happened
“Panic At The Repo”: One Of The World’s Top Repo Experts Explains What Really Happened Panic At The Repo As a professional trader, I keep an eye out for the next panic or market crisis. Since the beginning of my career, there was a crash or panic every few years in one market or another. […]
America’s Financial Suicide: The Budget Deficit Rises 26% In 1 Year As Federal Spending Spirals Wildly Out Of Control
America’s Financial Suicide: The Budget Deficit Rises 26% In 1 Year As Federal Spending Spirals Wildly Out Of Control We are in the process of committing national financial suicide, and most Americans don’t seem to care. As you will see below, the federal budget deficit for the fiscal year that ended on September 30th was […]
How the GDP Framework Creates the Illusion That By Means of Money Pumping the Central Bank Can Grow an Economy
HOW THE GDP FRAMEWORK CREATES THE ILLUSION THAT BY MEANS OF MONEY PUMPING THE CENTRAL BANK CAN GROW AN ECONOMY In response to a weakening in the yearly growth rate of key economic indicators such as industrial production and real gross domestic product (GDP) some commentators have raised the alarm of the possibility of a […]
“Close To A Standstill”: IMF Warns Global Growth Will Be Cut To Lowest Since Lehman
“Close To A Standstill”: IMF Warns Global Growth Will Be Cut To Lowest Since Lehman Don’t expect any good news next week when the IMF holds its annual meeting and releases its latest World Economic Outlook report due on October 15. According to the IMF’s new head, Bulgarian Kristalina Georgieva, the monetary fund will again […]
THE WOLF STREET REPORT: How the SoftBank Scheme Rips Open the Tech Bubble
THE WOLF STREET REPORT: How the SoftBank Scheme Rips Open the Tech Bubble The biggest force behind the startup bubble in the US has been SoftBank. But the scheme has run into trouble, and a lot is at stake (12 minutes).
Capital Flight Is Killing The US Shale Boom
Capital Flight Is Killing The US Shale Boom The growth in U.S. shale production is grinding to a halt as low prices put drillers in a financial vice. The slowdown has been unfolding for much of 2019, but the latest slide in oil prices is another blow to cash-strapped companies. Share prices for many E&Ps […]
China De-Dollarization Pushes Into Hyperdrive, Adds 100 Tons Of Gold Amid Trade War Chaos
China De-Dollarization Pushes Into Hyperdrive, Adds 100 Tons Of Gold Amid Trade War Chaos As the trade war continues to escalate, China’s rapid move towards de-dollarization continues. China added more than 100 tons of gold to its reserves since December 2018 and has also been divesting US Treasuries. Bloomberg reported the People’s Bank of China acquired 188,800 ounces, […]
