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Global Economic Slump Imminent As Korean Exports ‘Canary’ Crashes

Global Economic Slump Imminent As Korean Exports ‘Canary’ Crashes In the latest sign that the slowdown in China and the global trade war is weighing on global commerce, South Korea’s exports fell  in December. The 1.2% YoY decline was dramatically below the +2.5% YoY expected and missed even the most pessimistic forecast (which was still […]

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America’s Technology and Sanctions War Will End, by Bifurcating the Global Economy

America’s Technology and Sanctions War Will End, by Bifurcating the Global Economy “The true reason behind the US-China ‘trade’ war has little to do with actual trade … What is really at the basis of the ongoing civilizational conflict between the US and China … are China’s ambitions to be a leader in next-generation technology, […]

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“Jarring” FedEx Outlook Cut Suggests “Severe Global Recession”

“Jarring” FedEx Outlook Cut Suggests “Severe Global Recession” FedEx shares tumbled 7% after what Morgan Stanley called a “jarring” cut to its annual forecasts, suggesting global growth is slowing far more than most expect, and prompting expectations of an “uber-dovish hike” by the Fed. The global logistics bellwether slashed its outlook just three months after […]

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The Trade War Distraction: Huawei And Linchpin Theory

The Trade War Distraction: Huawei And Linchpin Theory Since the beginning of this year, I have been warning that trade tariffs initiated by Donald Trump would develop into a full-blown trade war with China, and perhaps other nations, and that the timing of this trade war is rather suspicious. Suspicious how? Almost every instance of […]

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Blain: “I Think The Global Trade War Is Now A Shooting War”

Blain: “I Think The Global Trade War Is Now A Shooting War” Blain’s Morning Porridge submitted by Bill Blain “Why So Serious?” I think the Global Trade War is now a shooting war. A few weeks ago one of my very smart CIO contacts warned me the real story of the year isn’t just the […]

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The Ghost of Christmas Present

The Ghost of Christmas Present Apparently one additional world leader turned up in Buenos Aires without fanfare this weekend. The General Secretary of the North Pole, known popularly as Santa Claus, took his latest-model hypersonic sleigh to the G-20 Meeting, and made sure that the global financial elite would find their Christmas stockings stuffed with […]

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Food Crisis In The Making: Farm Bankruptcies Reach Horrifying Levels

Food Crisis In The Making: Farm Bankruptcies Reach Horrifying Levels We are amidst a food crisis.  Farms in the United States Midwest are filing for chapter 12 bankruptcy at an alarming rate.  And many are saying president Donald Trump’s trade war is taking the most blame. We hate to say we told you so, but […]

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China Ambassador Warns Of “Dire Consequences” If No Deal, Hints At “All Out” War

China Ambassador Warns Of “Dire Consequences” If No Deal, Hints At “All Out” War Earlier today, Trump’s chief economic advisor Larry Kudlow poured cold water on expectations for an imminent resolution of the US-China trade war when he said that negotiations in the run up to this week’s G-20 talks “haven’t yielded any progress”, and unless something […]

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How Are Chinese Stocks Responding to Tariffs With the US and a Slowdown in Asian Growth?

HOW ARE CHINESE STOCKS RESPONDING TO TARIFFS WITH THE US AND A SLOWDOWN IN ASIAN GROWTH? Despite US tariffs, China’s September trade balance with the US reached a record high A number of China’s Asian neighbours have seen a deceleration in growth The Shanghai Composite has fallen more than 50% since 2015, the PE ratio […]

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World’s Largest Asset Manager Warns: The Dollar’s Days As Global Reserve Currency Are Numbered

World’s Largest Asset Manager Warns: The Dollar’s Days As Global Reserve Currency Are Numbered Have BlackRock CEO Larry Fink and Russian President Vladimir Putin been comparing notes? In comments that sound eerily similar to a warning issued by Putin, who warned during a speech last month that the US risked undermining the dollar’s reserve currency […]

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“No One Has Outlawed Recessions” Stockman Sees S&P Fair Value “Way Below 2000”

“No One Has Outlawed Recessions” Stockman Sees S&P Fair Value “Way Below 2000” “If you’re a rational investor, you need only two words in your vocabulary: Trump and sell,” says David Stockman, former President Reagan’s Office of Management and Budget director, warning that a 40% stock market plunge is closing in on Wall Street. While […]

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“The Real Economic Shock Is Yet To Come” – Trade War Deepens Across Asia 

“The Real Economic Shock Is Yet To Come” – Trade War Deepens Across Asia  The last chance to avoid a full-blown 2019 trade war may come later this month when President Trump is scheduled to meet with Chinese President Xi Jinping at the G-20 Buenos Aires summit in the city of Buenos Aires, Argentina. It […]

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China’s Economic Slump Accelerated In October, Early Indicators Show

China’s Economic Slump Accelerated In October, Early Indicators Show As corporate defaults surge, forcing a desperate PBOC to reverse its deleveraging efforts and threaten more interventions to stave off a more serious retrenchment in growth in the world’s second largest economy, it seems like not a day goes by without another warning sign that China’s […]

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The Trade War Is Getting Worse For U.S. Businesses

The Trade War Is Getting Worse For U.S. Businesses President Donald Trump’s trade war is making things even worse than before for businesses in the United States. The trade war has been dragging on for four long months now, and the pain is being felt financially. Companies’ earlier worries are starting to translate into actual financial pain as new orders […]

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The Self-Defeating US Empire

The Self-Defeating US Empire Trump is trying to square a globalized world through a national-based American capitalism. It won’t work. Former President Teddy Roosevelt (1901-09) described the essence of US foreign policy as “speaking softly while carrying a big stick”. Under the incumbent president, Donald Trump, it seems to be all about “speaking loudly”. What […]

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