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The Decline and Fall of the European Union
The Decline and Fall of the European Union This exhaustion of the neocolonial-neofeudal model was inevitable, and as a result, so too is the decline and fall of the European integration/exploitation project. That a single currency, the euro, would fracture rather than unite Europe was understood long before the euro’s introduction as legal tender on […]
China Trade Data is Nail in the Coffin of Global Economy
China Trade Data is Nail in the Coffin of Global Economy Chinese exports and imports even though China’s trade balance with the US rose. Eamonn Sheridan at Forex Live has some interesting comments on China’s December Trade Balance. The export figures are a focus and they are poor indeed. But save some space in the […]
The ECB’s Quantitative Easing was a Failure–Here is What it Actually Did
THE ECB’S QUANTITATIVE EASING WAS A FAILURE — HERE IS WHAT IT ACTUALLY DID The main reason why the ECB quantitative easing program has failed is that it started from a wrong diagnosis of the eurozone’s problem. That the European problem was a demand and liquidity issue, not due to years of excess. The ECB […]
Why central banks cannot really Manage Anything
Why central banks cannot really Manage Anything QUESTION: Marty you recently said that “the entire problem of lowering interest rates to ‘stimulate’ the economy demonstrates that central banks cannot really manage anything.” Is this statement really true? BG ANSWER: Absolutely. There is a basic presumption in all human activity that somehow we possess the power […]
Secret Money for Private Armies – Catherine Austin Fitts
Secret Money for Private Armies – Catherine Austin Fitts Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says it looks like a “global recession is coming.” Is that going to cause the debt reset we’ve been hearing about for years? Fitts says, “Make no mistake about it, there is no reason for […]
Stocks are falling after a fresh set of horrible data out of China reignited worries about the global economy
Stocks are falling after a fresh set of horrible data out of China reignited worries about the global economy Another day, another weak set of Chinese data.REUTERS/Darley Shen A fresh set of troublingly poor data out of China has investors running for cover on Monday, with all major stock indexes around the world losing ground […]
The Yellow Vests Get it Right, by Robert Gore
The Yellow Vests Get it Right, by Robert Gore Financial nuclear warheads. The mainstream media has degenerated irreparably. Here’s a reliable rule of thumb: if it’s important it’s not covered; if it’s covered it’s not important. Stories in the American mainstream press about Yellow Vest protests have been few. One aspect of the protests, transcendently important, […]
2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence
2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing from a growth mode to a mode of shrinkage. This is something like […]
Risks to the Global Economy in 2019
Adam Gault/Getty Image Risks to the Global Economy in 2019 Over the course of this year and next, the biggest economic risks will emerge in those areas where investors think recent patterns are unlikely to change. They will include a growth recession in China, a rise in global long-term real interest rates, and a crescendo […]
Europe Likely in Recession Now: Germany, France, Italy Production Collapsed
Europe Likely in Recession Now: Germany, France, Italy Production Collapsed German, French, and Italian industrial production collapsed in November. Italy GDP is negative for 3rd Quarter. Italy GDP Italy’s GDP was negative for the third quarter. Gross domestic product (GDP) in the euro zone’s third largest economy fell by 0.1 percent in July-September due to […]
US Debt: Bomb or Overblown?
US Debt: Bomb or Overblown? SUMMARY The latest report from the Congressional Budget Office (CBO) is enough to curdle the blood of any fiscal conservative. According to the report, US federal debt held by the public relative to GDP currently stands at 78 percent (debt issued in Treasury securities). If current trends hold, that number […]
Economic Breakdown Starts In East Asia due to Collapsed Births & Childbearing Populations
Economic Breakdown Starts In East Asia due to Collapsed Births & Childbearing Populations The floor under the East Asia neighborhood (consisting of China, Japan, South / North Korea, Taiwan, & Mongolia) is about to fall away. These nations (combined) equal slightly more than 20% of the global population and consume 27% of total global energy. From […]
Market Commentary: Issues 2019
Market Commentary: Issues 2019 When I began posting the CBB some twenty years ago, I made a commitment to readers: “I’ll call it as I see it – and let the chips fall where they will.” Over the years, I made a further commitment to myself: Don’t be concerned with reputation – stay diligently focused […]
A Glimpse At 2019
A Glimpse At 2019 Markets In Critical Transformation, Chaotic Behaviour Has Just Began. Our inability as market participants to properly frame market fragility and the inherent vulnerability of the financial system makes a market crash more likely, as it helps Systemic Risk go unattended and build further up. For the first time in a while, […]
