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Trump Says Blocking Saudi Arms Sales Would Be “Hurting Us” When Asked About Khashoggi
Trump Says Blocking Saudi Arms Sales Would Be “Hurting Us” When Asked About Khashoggi It’s not exactly a shocker, but does still serve to confirm just what interests actually drive American foreign policy – and no it has nothing to do with “sticking up for human rights” or “punishing rogue regimes”. In fact a regime can […]
Albert Edwards: “Equity Investors Are Facing The Four Horsemen Of The Apocalypse”
Albert Edwards: “Equity Investors Are Facing The Four Horsemen Of The Apocalypse” Even SocGen’s Albert Edwards was surprised at how quickly his latest predication was validated. Recall that 3 weeks ago with the 10Y yield at 3.10%, with Edwards looking at the surge higher in 10Y Yields the SocGen strategist pointed out that the break […]
“This Is Becoming Dangerous” Morgan Stanley Warns, As Forced Liquidations Loom
“This Is Becoming Dangerous” Morgan Stanley Warns, As Forced Liquidations Loom Today is adding to the accumulated pain of the last few days for most funds. Momentum has retraced nearly all of its YTD gains and names with high active ownership are underperforming names with high active ownership by 3 standard deviations. This is becoming […]
IMF Warns About Emerging Markets: Hello “Always Late” IMF, Global Crisis Coming
IMF Warns About Emerging Markets: Hello “Always Late” IMF, Global Crisis Coming The IMF is finally warning that there may be an emerging market crisis. Hello IMF, it’s already here. Look ahead. The IMF is perpetually late in its forecasts. Here’s the latest hoot: IMF Warns of Possible Emerging-Markets Crisis. A new study by the […]
‘Ground Zero’ – Will The Dollar Shortage Kick Off The Next Financial Crisis?
‘Ground Zero’ – Will The Dollar Shortage Kick Off The Next Financial Crisis? There’s an old saying. “You can’t fight the dollar.” And what this means is: because the world’s chained to the U.S. dollar (thanks to its reserve status) – everyone’s constantly affected by whichever way the dollar’s value goes. If the dollar declines – […]
Economic Thought in Ancient Greece
ECONOMIC THOUGHT IN ANCIENT GREECE The intellectual odyssey that laid the foundations for Western civilization began in classical Greece. Unfortunately, Greek thinkers failed in their attempt to grasp the essential principles of the spontaneous market order and of the dynamic process of social cooperation which surrounded them. While we must acknowledge the important Greek contributions […]
“It’s Just Beginning”: US Futures Plunge As Global Rout Hammers Asia, Europe
“It’s Just Beginning”: US Futures Plunge As Global Rout Hammers Asia, Europe It is a sea of blood red this October morning as the biggest market rout since February and the longest selloff of the Trump administration triggered a surge of global selling from the U.S. through Asia and spreading to Europe on Thursday, with […]
JP Morgan Expert: True Debt, Pension, Healthcare Payments Would Consume Half of Illinois Revenue, Bankruptcy Option Needed
JP Morgan Expert: True Debt, Pension, Healthcare Payments Would Consume Half of Illinois Revenue, Bankruptcy Option Needed Michael Cembalest is Chairman of Market and Investment Strategy at J.P. Morgan Asset Management. His report released yesterday, The ARC and the Covenants, updates his earlier research comparing the percentage of state revenues needed to pay interest on […]
Asian Markets Crushed By Capitulation Carnage
Asian Markets Crushed By Capitulation Carnage No “National Team”… No “Plunge Protection Team”… No RRR Cuts… and not a word from Powell. The US equity market massacre is extending overnight as the liquidation crisis smashes into Asia… The initial red box is the after-hours drop and the second drop is as Asian cash markets opened… […]
“This Is The Tipping Point”: One Bank Is Calling For A 30% Market Correction
“This Is The Tipping Point”: One Bank Is Calling For A 30% Market Correction While some believe that it is the level (or stock) of the 10Y yield during a rate rout that determines the resulting revulsion toward equities, while others claim that it it speed of the sell off (the “flow” angle) that matters, […]
United Nations: A $240 Per Gallon Gas Tax Is Needed To Fight Climate Change
United Nations: A $240 Per Gallon Gas Tax Is Needed To Fight Climate Change The United Nations has declared that a $240 per gallon gasoline tax is “needed” to fight climate change. To limit global warming, the UN’s report says that $27,000 per tonne of gasoline will need to be stolen from the public by […]
The Distortions of Doom Part 2: The Fatal Flaws of Reserve Currencies
The Distortions of Doom Part 2: The Fatal Flaws of Reserve Currencies The way forward is to replace the entire system of reserve currencies with a transparent free-for-all of all kinds of currencies. Over the years, I’ve endeavored to illuminate the arcane dynamics of global currencies by discussing Triffin’s Paradox, which explains the conflicting dual […]
Severe US Recession Would Slash Public Wealth By $5 Trillion: IMF
Severe US Recession Would Slash Public Wealth By $5 Trillion: IMF As part of the IMF’s latest global economic forecast, which for the first time since 2016 saw the D.C.-based organization cut its global growth forecasts, the IMF warned that a severe recession would slash US public wealth by about $5 trillion, causing vastly more […]
Fed Credit and the US Money Supply – The Liquidity Drain Accelerates
Fed Credit and the US Money Supply – The Liquidity Drain Accelerates Federal Reserve Credit Contracts Further We last wrote in July about the beginning contraction in outstanding Fed credit, repatriation inflows, reverse repos, and commercial and industrial lending growth, and how the interplay between these drivers has affected the growth rate of the true […]
Rising Interest Rates Start Popping Bubbles — The End Of This Expansion Is Now In Sight
Rising Interest Rates Start Popping Bubbles — The End Of This Expansion Is Now In Sight Towards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening. At first the effect on the broader economy is minimal, so consumers, companies and governments don’t let […]
