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Tag Archives: global economy
Why A Former Fed Official Fears A Global Meltdown
Why A Former Fed Official Fears A Global Meltdown Authored by Gerald O’Driscoll, former vice president at The Dallas Fed, posteed op-ed at The Wall Street Journal, Are we headed for another global financial crisis? The market convulsions of the past week reflected a continuation of a market selloff that began on the first trading day […]
Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated
Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another […]
The Fed Passes the Buck: Blame Oil and China
The Fed Passes the Buck: Blame Oil and China There are a handful of themes out there on recent market action that are either totally wrong or otherwise highly misleading. For instance, regarding the recent calamity in the capital markets, one especially apparent dichotomy has presented itself as offering two choices as to what, exactly, […]
Can lower oil prices cause a recession?
Can lower oil prices cause a recession? Donald Luskin writes in the Wall Street Journal: The global economy is slipping into recession. The evidence is showing up in all the usual ways: slowing output growth, slumping purchasing-manager indexes, widening credit spreads, declining corporate earnings, falling inflation expectations, receding capital investment and rising inventories. But this is […]
What If There Is No “Fed Put” – Paul Brodsky Thinks Yellen Will Not Bailout Markets This Time
What If There Is No “Fed Put” – Paul Brodsky Thinks Yellen Will Not Bailout Markets This Time Earlier today, Art Cashin summarized most (very desperate) traders’ thoughts when he said that as a result of today’s market crash, “the Fed will try anything” to prop up the wealth effect it had so carefully engineered with seven […]
Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill
Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill For the first time ever, the Baltic Dry Index has fallen under 400. As I write this article, it is sitting at 394. To be honest, I never even imagined that it could go this low. Back in early August, […]
Russell Napier Explains How The Decline Of The Yuan Destroys Belief In Central Banking
Russell Napier Explains How The Decline Of The Yuan Destroys Belief In Central Banking It’s Not a Pet, It’s a Falcon: How the decline of the RMB destroys belief in central banking and a successful reflation Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot […]
Bob Janjuah Warns The Bubble Implosion Can’t Be “Fixed” This Time
Bob Janjuah Warns The Bubble Implosion Can’t Be “Fixed” This Time Having correctly foreseen in September that “China’s devaluations are not over yet” it appears Nomura’s infamous ‘bear’ Bob Janjuah has also nailed The Fed’s subsequent actions (hiking rates into a fundamentally weakening economy in a desperate bid to “convince markets that strong growth and inflation are on their […]
China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns
China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns A little over a week ago, Marc Faber dialed in from Thailand to chat with Bloomberg TV about the outlook for US equities, the American economy, and USTs in the new year. The US is “already in a recession,” the […]
The Great Malaise Continues
The Great Malaise Continues NEW YORK – The year 2015 was a hard one all around. Brazil fell into recession. China’s economy experienced its first serious bumps after almost four decades of breakneck growth. The eurozone managed to avoid a meltdown over Greece, but its near-stagnation has continued, contributing to what surely will be viewed […]
The End of the Bubble Finance Era
The End of the Bubble Finance Era We are nearing a crucial inflection point in the worldwide bubble finance cycle that has been underway for more than two decades. To wit, the world’s central banks have finally run out of dry powder. They will be unable to stop the credit implosion which must inexorably follow […]
World Leaders Just Agreed To A “Historic” Climate Accord… Which Is Non-Binding And Has No Enforcement Language
World Leaders Just Agreed To A “Historic” Climate Accord… Which Is Non-Binding And Has No Enforcement Language Great news! The “greatest threat to future generations of the world” has apparently been solved. World leaders Saturday adopted an historic international climate accord in Paris, the first-ever agreement to commit almost every country to fight climate change. […]
Canada Just Warned That Negative Interest Rates Are Coming
Canada Just Warned That Negative Interest Rates Are Coming Moments ago, the Bank of Canada’s chief finally said what we had been patiently waiting for over the past several months: admission that Europe’s experiment with negative rates is about to cross the Atlantic. From Market News: BOC POLOZ: NOW SEES EFFECTIVE LOWER BOUND FOR POLICY RATE […]
Guess What Happened The Last Time The Price Of Oil Plunged Below 38 Dollars A Barrel?
Guess What Happened The Last Time The Price Of Oil Plunged Below 38 Dollars A Barrel? On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years. The last time the price of oil was this low, the global financial system was melting down and the […]
Wall Street Remains Clueless—–Even As The Brown Stuff Heads Straight Into The Fan
Wall Street Remains Clueless—–Even As The Brown Stuff Heads Straight Into The Fan The Dow should have been down 500 points Tuesday. And that’s to say nothing of the fact that the market’s current lofty valuation makes no sense in the first place. The fact is, the brown stuff is now heading straight for the fan. Didn’t the odds of a […]
