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The Empire’s Sea of Woes
The Empire’s Sea of Woes The noose cinches. Second-rate George H.W. Bush got a first-rate Washington send-off. For one day it interrupted the downtrend in equity markets. It may mark the US apotheosis of inflated grandiosity. Across the Atlantic, Emmanuel Macron, pretentious popinjay of Gallic grandiosity, has gotten a deserved comeuppance. Brexit, Trump’s election, and […]
Ron Paul: The Market Correction Could Make Things ‘Worse Than 1929’
Ron Paul: The Market Correction Could Make Things ‘Worse Than 1929’ Former presidential candidate, Dr. Ron Paul says that the current market conditions are ripe for a correction of 50% and Wall Street is vulnerable to depression-like conditions in the next year. “It could be worse than 1929,” Dr. Paul said recently in an interview. Paul […]
The Bubble’s Losing Air. Get Ready for a Crisis
The Bubble’s Losing Air. Get Ready for a Crisis Investors need to focus on their response to financial stresses in an era in which policymakers will be constrained. Not much to do once it pops. Photographer: Spencer Platt/Getty Images Satyajit Das is a former banker, whom Bloomberg named one of the world’s 50 most influential financial […]
“Something Is Wrong Here”: U.S. Stocks Plunge Again And Are Having Their Worst Quarter In 7 Years
“Something Is Wrong Here”: U.S. Stocks Plunge Again And Are Having Their Worst Quarter In 7 Years The Dow Jones Industrial Average plummeted another 496 points on Friday as panicked investors continue to pull billions of dollars out of the stock market. With less than two weeks to go until Christmas, the markets are not […]
Brexit: stage one in Europe’s slow-burn energy collapse
Brexit: stage one in Europe’s slow-burn energy collapse The Brexit fiasco and French riots are accelerating symptoms of Europe’s earth system crisis Riots in Paris (source: Irish Times) Everyone’s talking about Brexit. Some about the French riots. But no one’s talking about why they are happening, and what they really mean. They might think they are, but they […]
The Bank of England and the Manipulation of Sterling
The Bank of England and the Manipulation of Sterling In a recent article where I discussed the Bank of England being at the heart of the Brexit process, I mentioned how the fall in the value of sterling following the 2016 referendum was pigeonholed by the bank as being the sole cause for inflation breaching their […]
Weekly Commentary: The Perils of Inflationism
Weekly Commentary: The Perils of Inflationism December 13 – Financial Times (Chris Giles and Claire Jones): “When the European Central Bank switches off its money-printing press at the turn of this year and stops buying fresh assets, it will mark the end of a decade-long global experiment in how to stave off economic meltdowns. Quantitative […]
How Faux Capitalism Works in America
How Faux Capitalism Works in America Stars in the Night Sky The U.S. stock market’s recent zigs and zags have provoked much squawking and screeching. Wall Street pros, private money managers, and Millennial index fund enthusiasts all find themselves on the wrong side of the market’s swift movements. Even the best and brightest can’t escape […]
Neofeudalism Isn’t a Flaw of the System–It’s the System Working Perfectly
Neofeudalism Isn’t a Flaw of the System–It’s the System Working Perfectly Fakery is always precarious: the truth about the asymmetries of power might slip out and spread like wildfire. I’ve been writing about neofeudalism and its cousin neocolonialism for seven years: 500 Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy (July 22, 2011) The […]
Why The Collapsing Chinese Credit Impulse Is All That Matters
Why The Collapsing Chinese Credit Impulse Is All That Matters Back in June 2017, we wrote that if one had to follow just one macro indicator that impacts virtually every aspect of the global economy, that would be the Chinese credit impulse. Not surprisingly, the article was titled “Why The (Collapsing) Credit Impulse Is All […]
“It Tells People: Don’t Worry” – Saudi Stock Market Plunge Protection Team Exposed
“It Tells People: Don’t Worry” – Saudi Stock Market Plunge Protection Team Exposed In politics, “when it gets serious, you have to lie.” In the increasingly intermingled worlds of geopolitics and financials markets, when it get serious, you have to rescue your nation’s stocks… America’s Plunge Protection Team has been a long-standing feature behind the […]
A VERY RARE SETUP: Who Will Win The Tug Of War In The Oil Market?
A VERY RARE SETUP: Who Will Win The Tug Of War In The Oil Market? There has been a tug of war in the oil price over the past two weeks. Due to a very rare setup in the market, the oil price has traded in a very narrow range as traders fight it out […]
In Just 2 Years, US Debt Grew The Size Of The Entire Brazilian Economy
In Just 2 Years, US Debt Grew The Size Of The Entire Brazilian Economy In a mere two years, the United States debt has massively grown. In fact, the amount of debt the US incurred equaled the size of the entire Brazilian economy. U.S. government debt is on track this year to rise at the […]
The War Against Cash
The War Against Cash Where every keystroke becomes part of one’s permanent record, where e-devices track one’s every move, the ability to pay physical cash for a financial transaction may have become the only off-the-record action one can execute, unless, of course, it’s recorded on one of the ubiquitous security cams. But signs are everywhere […]
Beyond GDP to a New Road to Serfdom
BEYOND GDP TO A NEW ROAD TO SERFDOM It is a commonplace that there is more to life than money and the material benefits that it may provide someone. We often make trade-offs between income-earning work opportunities and more time with family or friends, or between risky but well-paying employment and a calmer and less […]
