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Tumbling Yuan Sends Ripples Through Petrochemical Market
Tumbling Yuan Sends Ripples Through Petrochemical Market The trade war between China and the United States has triggered a global economic slowdown thanks to far-reaching tensions between the world’s two biggest economies. Last Friday China lobbed their most recent retaliation back at the United States by announcing tariffs on an additional $75 billion worth of […]
Possible Currency War Would Be A Disaster For Oil
Possible Currency War Would Be A Disaster For Oil Oil prices plunged on Friday after the U.S. and China both announced tariff hikes in tit-for-tat fashion. At the same time, markets opened on a positive note early Monday after President Trump struck a more conciliatory tone. But the respite could be brief. Global financial markets are completely at the […]
Rabobank: “The US Will Simply Not Allow A New Reserve Currency Without A Fight”
Rabobank: “The US Will Simply Not Allow A New Reserve Currency Without A Fight” “Peace for our time” Despite the fact that the German IFO survey was ‘I-ful’, with the official word being that the outlook is “increasingly dire”, and that US core durable goods were -0.4% vs. flat expected, both of which confirm that […]
A Perfect Storm Is Brewing For US LNG
A Perfect Storm Is Brewing For US LNG That the U.S. energy industry would be among those hardest hit by a full-blown trade war between Washington and Beijing was a no-brainer. Yet the extent of the fallout as the war continues is only becoming evident now, as some companies find it hard to secure the […]
Lacalle: A Day Of Reckoning Looms For The Global Economy
Lacalle: A Day Of Reckoning Looms For The Global Economy European and Asian economic data is deteriorating, says economist and author Daniel Lacalle. “I’d call right now the day of reckoning,” Lacalle says, in this video excerpt of our soon-to-be released podcast In The Arena. “The entire message from mainstream consensus is ‘Yes there was a […]
Globalization Just Peaked
Globalization Just Peaked In Jackson Hole on Friday, Bank of England’s outgoing governor Mark Carney talked about a Synthetic Hegemonic Currency (SHC) that the world ‘must’ create, and I thought: that sounds as creepy as anything Halloween. Now, Carney is a central banker as well as a former Giant Squid partner, hence a certified cultist, […]
Keep it Simple
Keep it Simple Markets blow up on Friday on a series of tweets, markets jam higher on the pronouncement of dubious phone calls on Monday. The rapid back and forth has many heads spinning and makes for dramatic headlines as people are searching for explanations. To which I say: Keep it simple, especially in the age […]
Guess Who China Is Blaming For The Riots In Hong Kong?
Guess Who China Is Blaming For The Riots In Hong Kong? This is not going to end well. As a result of our ongoing trade war, U.S. relations with China were already rapidly deteriorating, but now the chaos in Hong Kong threatens to completely wreck them. Violence between political protesters and riot police is making […]
Powell Rate Cut Unleashes Volatility Tsunami
Powell Rate Cut Unleashes Volatility Tsunami It wasn’t supposed to work this way. In the rate cut playbook envisioned by Trump, Powell’s July 31st rate cut was supposed to send stocks higher while crushing the dollar. However, when the FOMC announce a “mid-cycle”, 25bps cut, the outcome was not only a surge in the dollar […]
$1,400,000,000,000 Gone In Less Than A Week – Stock Market In Turmoil As The Trade War Dramatically Escalates
$1,400,000,000,000 Gone In Less Than A Week – Stock Market In Turmoil As The Trade War Dramatically Escalates Our trade war with China has begun to spiral out of control, and as a result global financial markets have been thrown into a state of turmoil. On Monday, the Dow Jones Industrial Average fell 767 points, […]
China Is Extremely Angry, And They Now Consider The United States To Be Enemy #1
China Is Extremely Angry, And They Now Consider The United States To Be Enemy #1 Have relations between the United States and China finally reached the point of no return? At this moment, it would be difficult to overstate how angry the Chinese are with the United States. Chinese officials are firmly blaming the United […]
For Those Who Don’t Understand Inflation
FOR THOSE WHO DON’T UNDERSTAND INFLATION This article is a wake-up call for those who do not understand the true purpose of monetary inflation, and do not realise they are the suckers being robbed by monetary policy. With the world facing a deepening recession, monetary inflation will accelerate again. It is time for everyone to […]
Weekly Commentary: Abject Monetary Disorder
Weekly Commentary: Abject Monetary Disorder A market week that began with a U.S./China trade “truce” ended with much stronger-than-expected (224k) June non-farm payrolls data. There were new intraweek record highs in equities and no let up in the global yield collapse. Lacking was increased clarity as to prospects for trade negotiations, economic growth and central […]
US Braces For Chinese Retaliation: Scrambles To Find Alternative Rare-Earth Suppliers
US Braces For Chinese Retaliation: Scrambles To Find Alternative Rare-Earth Suppliers With Beijing making louder noise by the day about using rare earth metals as a “nuclear” retaliation option in trade war with the US, Washington is not sitting on its thumbs waiting for the day China pulls the plug, and as Commerce Secretary Wilbur […]
The Zeitgeist Knows
The Zeitgeist Knows Who said the global economy was a permanent installation in the human condition? The head cheerleader was The New York Times’s Tom Friedman, with his 1999 book, The Lexus and the Olive Tree, the trumpet blast for the new order of things. Since then, we partied like it was 1999, with a few grand mal […]
