{"id":38813,"date":"2018-10-06T19:33:18","date_gmt":"2018-10-07T00:33:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38813"},"modified":"2018-10-06T19:33:18","modified_gmt":"2018-10-07T00:33:18","slug":"macquarie-there-is-a-growing-possibility-that-the-plot-might-go-terribly-wrong","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38813","title":{"rendered":"Macquarie: “There Is A Growing Possibility That The Plot Might Go Terribly Wrong”"},"content":{"rendered":"
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Macquarie: “There Is A Growing Possibility That The Plot Might Go Terribly Wrong”<\/span><\/a><\/h3>\n<\/div>\n
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EMs in the crosshairs: Between war games, fake news and bonds<\/strong><\/p>\n

From military exercises to trade wars, the fury is intensifying. At the same time, global liquidity is compressing while rates are rising. Growing uncertainty, contracting liquidity & rising cost of capital will continue to place non-US assets (and in particular EMs) in the crosshairs.<\/p>\n

“Wag the Dog” showed the power of \u2018fake news\u2019 but\u2026<\/strong><\/p>\n

In the 1997 movie \u2018Wag the Dog\u2019, a spin doctor was hired to help distract people from sex scandals by staging a televised \u2018fake war\u2019 in the lead-up to the Presidential elections. It was the first time that Hollywood described what has recently become known as meddling or convincing people that \u2018white is black\u2019. These days there are far more efficient and potent ways of targeting voters & disseminating fake news than Brean (spin doctor) could ever have imagined.<\/p>\n

Ever since then the life has been imitating art. From John Kerry\u2019s swift-boat controversies in \u201904 to data dumps and fake accounts in \u201916, the avalanche of bots and news (fake or otherwise) has become so overwhelming that people have no chance to process it, and separate the wheat from the chaff. As societies no longer agree on what truth is, there is no need for verifiable facts.<\/strong><\/p>\n

\u2026it could all go badly wrong while liquidity continues to tighten<\/strong><\/p>\n

This brings us to the latest news that the US Seventh fleet might conduct military exercises in the South China Sea. Although there are real issues at stake (freedom of navigation), there is clearly considerable room for accidents and unexpected turns.\u00a0<\/strong><\/em><\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Macquarie: “There Is A Growing Possibility That The Plot Might Go Terribly Wrong” EMs in the crosshairs: Between war games, fake news and bonds From military exercises to trade wars, the fury is intensifying. At the same time, global liquidity is compressing while rates are rising. Growing uncertainty, contracting liquidity & rising cost of capital […]<\/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":[2,5],"tags":[88,1732,2779,487,4293,1439,22166,4332,4318],"class_list":["post-38813","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-bonds","tag-emerging-markets","tag-fake-news","tag-liquidity","tag-macquarie-research","tag-south-china-sea","tag-viktor-shvets","tag-war-games","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38813","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=38813"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38813\/revisions"}],"predecessor-version":[{"id":38814,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38813\/revisions\/38814"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}