{"id":16135,"date":"2016-01-07T11:27:02","date_gmt":"2016-01-07T16:27:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16135"},"modified":"2016-01-07T11:27:02","modified_gmt":"2016-01-07T16:27:02","slug":"china-oil-and-markets-its-all-one-story","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16135","title":{"rendered":"China, Oil and Markets: It\u2019s All One Story"},"content":{"rendered":"

China, Oil and Markets: It\u2019s All One Story<\/a><\/h3>\n

If there\u2019s one thing to take away from this year\u2019s developments in markets and economies so far, it\u2019s that they are all linked, they\u2019re all part of the same thing. If you can\u2019t see that, you\u2019re not going to understand what\u2019s happening.<\/p>\n

Looking at falling oil prices as a separate thread is not much use, and neither is doing the same with Chinese stocks, or the yuan, or the millions of Americans who are one paycheck away from poverty, for that matter. It\u2019s all one story.<\/p>\n

And the take-away from that, in turn, is that focusing too much on \u2018narrow\u2019 conditions in your particular part of the globe has only limited value. We\u2019re very much all in this together. In the UK today, it matters very little what George Osborne says or does, or Mark Carney, because they don\u2019t shape the future of the economy.<\/p>\n

The same goes for all finance ministers and central bank governors across the planet, Yellen, Draghi, Koruda, the lot: the influence they exert on their own economies, which was always limited from the start, is running into the boundaries imposed by global developments.<\/p>\n

Even if central bankers could ever have \u2018lifted\u2019 anything at all (a big question mark), their power to do so is rapidly diminishing. The constraints global developments place on their powers will now be exposed -even more. And of course they\u2019ll try to deny and ignore that, as naked emperors are wont to do.<\/p>\n

And with the exposure of the limits to their abilities to make markets and economies do what they want, come the limitations of the mainstream financial press to make their long-promoted recovery narratives appear valid. Before we know it, we might have functioning markets back.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

China, Oil and Markets: It\u2019s All One Story If there\u2019s one thing to take away from this year\u2019s developments in markets and economies so far, it\u2019s that they are all linked, they\u2019re all part of the same thing. If you can\u2019t see that, you\u2019re not going to understand what\u2019s happening. Looking at falling oil prices […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[2674,124,130,11537,11538,506,2942,7738,11539,868,1031],"class_list":["post-16135","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-automatic-earth","tag-central-banks","tag-china","tag-cycle","tag-kondratieff","tag-markets","tag-ponzi","tag-raul-meijer","tag-virtual","tag-wealth","tag-yuan"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16135"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16135\/revisions"}],"predecessor-version":[{"id":16136,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16135\/revisions\/16136"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}