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Chinese Warns US To Halt Military Operations In South China Sea
Chinese Warns US To Halt Military Operations In South China Sea The Chinese military is closely monitoring a US Navy guided-missile destroyer transiting the South China Sea on Tuesday (April 28). Global Times✔@globaltimesnews When US destroyer Barry trespassed into China’s territorial waters off the Xisha Islands on Tue, the PLA Southern Theater Command coordinated with […]
American Farms Cull Millions Of Chickens Amid Virus-Related Staff Shortages At Processing Plants
American Farms Cull Millions Of Chickens Amid Virus-Related Staff Shortages At Processing Plants A significant concern that readers should have during an economic collapse and pandemic is food security. We’ve noted over April that troubling news is developing deep inside America’s food supply chain network, suggesting shortages and rapid food inflation could be ahead. The reason behind the disruptions […]
Weekly Commentary: Fault Lines
Weekly Commentary: Fault Lines Now on a weekly basis, we’re witnessing things that couldn’t happen – actually happen. April 20 – Bloomberg (Catherine Ngai, Olivia Raimonde, and Alex Longley): “Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key […]
“Scan Your Code!”: Dystopian Post-Lockdown ‘Normal’ In Wuhan Enforced By ‘Anti-Virus Patrols’
“Scan Your Code!”: Dystopian Post-Lockdown ‘Normal’ In Wuhan Enforced By ‘Anti-Virus Patrols’ The industrial hub of over eleven million people and ground zero for the global outbreak, Wuhan, has come roaring back to life but more in the way of a dystopian version of itself after the virus peaked there in February and now with almost no new infections […]
Eight Meatpacking Plants Close In Weeks Across America Stoking Food Shortage Fears
Eight Meatpacking Plants Close In Weeks Across America Stoking Food Shortage Fears Update (April 23): Food shortages across the country are coming a lot quicker than anyone has anticipated. A total of eight meatpacking plants have already gone offline in weeks. On Thursday morning, we noted how pork shortages could hit households by the first week of May. […]
The Liquidity Crisis Is Quickly Becoming A Global Solvency Crisis As FRA/OIS, Euribor Soar
The Liquidity Crisis Is Quickly Becoming A Global Solvency Crisis As FRA/OIS, Euribor Soar One month after turmoil was unleashed on capital markets, when the combination of the Saudi oil price war and the sweeping impact of the coronavirus pandemic finally hit developed nations, what was until now mostly a liquidity crisis is starting to […]
China Suffers Economic Double-Whammy As Current Global Demand Collapse Follows Earlier Supply Crash
China Suffers Economic Double-Whammy As Current Global Demand Collapse Follows Earlier Supply Crash As the first quarter is about to close, many Chinese factories are still operating below full capacity, have been gradually ramping up production over the last several weeks as government data suggests the country’s pandemic curve has flattened. But as Bloomberg notes, there is a serious […]
“The World Has Changed” – What Was Our Biggest Mistake?
“The World Has Changed” – What Was Our Biggest Mistake? This is going to take time. Sorry to have to say it, but patience will be required and undoubtedly tested. By far the best thing that central banks can do is keep the global financial and funding markets functioning and not especially worry about whether the […]
Only 5 Shale Drillers Are Still Profitable At $31 Oil
Only 5 Shale Drillers Are Still Profitable At $31 Oil Most shale oil wells drilled in the United States are unprofitable at current oil prices, Rystad Energy has warned. The Norwegian consultancy said, as quoted by Bloomberg, that drilling new wells would be loss-making for more than 100 companies. Just five shale drillers—Exxon, Chevron, Occidental, and Crownquest—can […]
Four Scenarios Of How Covid-19 Could Wreak Havoc On Global Economy
Four Scenarios Of How Covid-19 Could Wreak Havoc On Global Economy The grave risks and dangers of a globalized world of interlocking supply chains over the last four decades is starting to be realized as the crash of China’s economy could cost the world $2.7 trillion. Bloomberg Economics says the shutdown of China’s economy could have severe implications […]
A Shift in the Global Financial Order Is Upon Us
A Shift in the Global Financial Order Is Upon Us The collapse in bond yields, exacerbated by the crash in oil prices, marks an end to the era of trust in central banks. OPEC+: A 24-Hour View Coronavirus. That will be the first and last time this column mentions that word. Despite the weekend’s many developments […]
The Fed “Is Complicit In Creating Fragilities In The System”
The Fed “Is Complicit In Creating Fragilities In The System” When the Fed cut interest rates this week, everyone had an opinion about it. The economy needs it to fend off recession. The economy has been hanging in well and they shouldn’t have rushed to spend dwindling monetary policy resources. They were responding to the […]
The Good, Bad, & Ugly Of Virus Response: El-Erian Admits Govts & Central Banks Can Only Do So Much
The Good, Bad, & Ugly Of Virus Response: El-Erian Admits Govts & Central Banks Can Only Do So Much Look for this week to be full of news about governments and central banks signaling their “whatever it takes” willingness to take additional policy measures to fight the contractionary impact of the coronavirus on virtually every […]
“It’s Total Panic” – Store-Shelves Empty As Virus-Spread Sparks Panic-Buying Food & Masks Across Italy
“It’s Total Panic” – Store-Shelves Empty As Virus-Spread Sparks Panic-Buying Food & Masks Across Italy Update (1050ET): It’s not just food. As Bloomberg reports, in the tiny hamlet of Cassago Brianza, half way between Milan and Lake Como, Giovanni Casiraghi was taken aback to find a long line of customers waiting when he opened his industrial […]
Dominos Are Falling – China Shutdown To Crush India’s Already-Crumbling Economy
Dominos Are Falling – China Shutdown To Crush India’s Already-Crumbling Economy The supply chain shock emanating from China to other Asia Pacific countries and Europe, could become a major headache for India. Bloomberg focuses on how an industrial shutdown of China’s economy has already had a profound effect on India’s economy and could get worse. Pankaj R. Patel, chairman of Zydus Cadila, […]
