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Is an Increase in Demand Key for Economic Growth?
IS AN INCREASE IN DEMAND KEY FOR ECONOMIC GROWTH? Whenever the so-called economy shows signs of weakness most experts are of the view that what is required to prevent the economy sliding into recession is to boost the overall demand for goods and services. If the private sector fails to increase its demand then it […]
Yellow Vests Destroying Speed Cameras
Yellow Vests Destroying Speed Cameras The Yellow Vest movement is indeed spreading worldwide. In France, they are out destroying speed cameras. Most Americans are familiar only with the red light cameras that cities have been forced to take down for they are unconstitutional. That is why you did not get points for the violation, just […]
Using Cameras in the Hunt for Taxes
Using Cameras in the Hunt for Taxes COMMENT: Hi, Hunt for taxes is running full scale in Scandinavia. In Sweden, all vehicles including foreign registered vehicles, are obliged to pay congestion taxes in Stockholm and Gothenburg as well as infrastructure charges in Motala and Sundsvall. Sometimes, the automatic camera system reads the license plate falsely and […]
Russia Backs Away From Dollar AGAIN: Shifts $100 Billion To Yuan, Yen, And Euro
Russia Backs Away From Dollar AGAIN: Shifts $100 Billion To Yuan, Yen, And Euro Russia is continuing to ramp up its efforts to move away from the American dollar. The country just shifted $100 billion of its reserves to the yuan, the yen, and the euro in their ongoing effort to ditch the dollar. The […]
Bankrupt, Eh? Insolvency Filings Soar In Almost All Canadian Provinces
Bankrupt, Eh? Insolvency Filings Soar In Almost All Canadian Provinces The pronounced aftershock from what would historically be considered as very mild interest rate hikes in Canada is continuing. Bloomberg reported that the number of consumers seeking debt relief was up 5.1% to 11,320 in November, according to the Ottawa-based Office of the Superintendent of Bankruptcy. Combining October […]
The Tragedy Of The Euro
The Tragedy Of The Euro After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The consequence will be a new cycle of sharply rising bond yields for […]
Italy’s New Government Eats Its Words, Joins Bank Bailout Club
Italy’s New Government Eats Its Words, Joins Bank Bailout Club Well, that didn’t take long. And whatever happened to the Eurozone’s new bail-in rule? Italy’s government, in its eighth month in power, has already bailed out a bankrupt bank, mid-sized Banca Carige, with public funds. If approved by European Commission and the ECB, it will […]
We Are Entering The “Quantitative Failure” Narrative
We Are Entering The “Quantitative Failure” Narrative For a decade, the world brushed off any concerns about soaring global debt under the rug for a simple reason: between the Fed, the ECB and the BOJ, there was always a buyer of last resort, providing an implicit or, increasingly explicit backstop to bond prices, in the […]
Oil’s Wild Price Swings Set to Create Global Chaos
Oil’s Wild Price Swings Set to Create Global Chaos Volatility is here to stay — and the political and economic implications will touch us all. Oil once gushed from the ground for drillers, like these workers in Port Arthur, Texas, in 1901. Now costly fracking and oilsands mining produces lower-quality oil at far higher costs. […]
Darkening Outlook For Global Economy Threatens Crude
Darkening Outlook For Global Economy Threatens Crude “The outlook for the global economy in 2019 has darkened.” That conclusion came from a new report from the World Bank, citing a variety of data, including softening international trade and investment, ongoing trade tensions, and financial turmoil in emerging markets over the past year. “Storm clouds are […]
The Recession Will Be Unevenly Distributed
The Recession Will Be Unevenly Distributed Those households, enterprises and organizations that have no debt, a very low cost basis and a highly flexible, adaptable structure will survive and even prosper. The coming recession will be unevenly distributed, meaning that it will devastate many while leaving others relatively untouched. A few will actually do better […]
Gold Outlook 2019: Uncertainty Makes Gold A “Valuable Strategic Asset” – WGC
Gold Outlook 2019: Uncertainty Makes Gold A “Valuable Strategic Asset” – WGC Gold Outlook 2019 – World Gold Council As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance: financial […]
The Crash Of The “Everything Bubble” Started In 2018 – Here’s What Comes Next In 2019
The Crash Of The “Everything Bubble” Started In 2018 – Here’s What Comes Next In 2019 In 2018, a very significant economic change occurred, which sealed the fate of the U.S. economy as well as some other economies around the globe. This change was the shift of central bank policy. The era of stimulus and […]
China Won’t Be Taking Over
China Won’t Be Taking Over Pablo Picasso Massacre in Korea 1951 In the New Year, after a close to the old one that was sort of terrible for our zombie markets, do prepare for a whole lot of stories about China (on top of Brexit and Yellow Vests and many more windmills fighting the Donald). […]
Bank Of England Boss: China’s Renminbi Will Rival The Dollar As Global Reserve Currency
Bank Of England Boss: China’s Renminbi Will Rival The Dollar As Global Reserve Currency The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback. Global tensions […]
