{"id":44381,"date":"2019-03-10T14:42:19","date_gmt":"2019-03-10T19:42:19","guid":{"rendered":"https:\/\/olduvai.ca\/?p=44381"},"modified":"2019-03-10T14:42:21","modified_gmt":"2019-03-10T19:42:21","slug":"a-week-in-the-life-of-a-topsy-turvy-wildly-whirling-world","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=44381","title":{"rendered":"A Week in the Life of a Topsy-Turvy Wildly Whirling World"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"http:\/\/thegreatrecession.info\/blog\/whirling-world\/\">A Week in the Life of a Topsy-Turvy Wildly Whirling World\u00a0<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/thegreatrecession.info\/blog\/wp-content\/uploads\/FatWomanSculpture1.jpg\" alt=\"By Germ\u00e1n Torreblanca (Own work) [CC BY-SA 4.0 (https:\/\/creativecommons.org\/licenses\/by-sa\/4.0)], via Wikimedia Commons\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s review this past devilishly whacky week to see if we can divine the way the world is turning and why the markets are churning. It was 2019\u2019s worst week in stocks and, well, just about everything economic all across this crazily spinning planet. Volatility lifted its head back out of the water like Loch Ness\u2019s monster while the citizenry took flight to treasury safe havens, bringing treasury yields down again to the five-year\u2019s lowest point of the year. North Korea\u2019s Rocketman returned to his rocketry, and the Chinese threw up their hands and ran as far from Mar-a-Lago as they could \u2026 or maybe they just threw up from too much chocolate cake.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The China syndrome is back<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most notably all over the world, bad news finally moved back to just being bad news, even as it arrived in cloudburst after cloudburst. Gold popped as money dropped and China flopped. Chinese exports fell 20%, outstripping the worst prediction four fold. The central bank of the billions of people of China mainlined major yuan jolts into the Xi dynasty\u2019s tiring economy, and yet the Sino stock market fell off the mountain,<strong>\u00a0taking a full panda\u00a0<em>bear<\/em>\u00a0plunge in one week.<\/strong>\u00a0Apparently the\u00a0<em>nouveau riche<\/em>\u00a0Chinese ghost-city dwellers are wising up to all this easing and just realized talk of more of the same as far as the eye can see simply means the economy is finished more than it means refreshed hope waits on some distant horizon.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trump talked and China walked.<\/strong>&nbsp;The best boast Trump could biggly bluster from his tweet blaster was that the stock market would rise again&nbsp;<em>if<\/em>China would only deal; China chose, instead, to cancel Chairman Xi\u2019s second coming at Mar-a-Lago.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Week in the Life of a Topsy-Turvy Wildly Whirling World\u00a0 Let\u2019s review this past devilishly whacky week to see if we can divine the way the world is turning and why the markets are churning. It was 2019\u2019s worst week in stocks and, well, just about everything economic all across this crazily spinning planet. [&hellip;]<\/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],"tags":[124,11574,233,282,11687,534,662],"class_list":["post-44381","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-david-haggith","tag-ecb","tag-european-central-bank","tag-great-recession-blog","tag-monetary-policy","tag-quantitative-easing"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44381","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=44381"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44381\/revisions"}],"predecessor-version":[{"id":44382,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44381\/revisions\/44382"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}