{"id":48349,"date":"2019-09-08T18:54:48","date_gmt":"2019-09-08T23:54:48","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48349"},"modified":"2019-09-08T18:54:50","modified_gmt":"2019-09-08T23:54:50","slug":"judging-by-bond-markets-economic-armageddon-is-just-around-the-corner","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48349","title":{"rendered":"“Judging By Bond Markets, Economic Armageddon Is Just Around The Corner”"},"content":{"rendered":"\n

“Judging By Bond Markets, Economic Armageddon Is Just Around The Corner”<\/a><\/h3>\n\n\n\n

“Judging by bond markets around the world, economic Armageddon – or something awfully close to it – is just around the corner.” <\/strong>– SocGen, September 5, 2019<\/p><\/blockquote>\n\n\n\n

\u201cIt\u2019s difficult to describe markets,\u201d said the CIO, reflecting on his decades of trading. \u201cFor what seems like forever, markets behaved in ways that reflected shifting expectations about central bank activity, economic trends, and profit potential, but that’s changing,\u201d he said. \u201cNow markets shift direction on a tweet then reverse on some comment. And nearly all of it is political.” But even politics are different now.<\/p>\n\n\n\n

“Yet through it all, global interest rates are collapsing like an economic calamity looms.”\u00a0<\/strong><\/p>\n\n\n\n

* * *<\/p>\n\n\n\n

\u201cIt is a bowl of water that might help put out a fire that has just started,\u201d said young Jimmy Sham, describing Carrie Lam\u2019s withdrawal of Beijing\u2019s extradition legislation. \u201cBut it is now useless in the face of what has become a forest fire,\u201d continued Jimmy, one of many leaders in Hong Kong\u2019s burning rebellion. Naturally, the government hopes that by meeting the protestor\u2019s principal demand, cries for further action will soften.<\/p>\n\n\n\n

But that\u2019s not how crowds work. <\/strong>Hong Kong\u2019s emboldened freedom fighters have another four demands to go. Behind them lay more still. And far in the distance, beyond the event horizon, lay their ultimate objective, barely spoken of today, democratic revolution in China.<\/p>\n\n\n\n

\u201cPublic discontent extends far beyond the bill,\u201d conceded Carrie Lam, exuding a manufactured calm, withdrawing the bill, \u201cIt covers political, economic and social issues, including problems relating to housing and land supply, income distribution, social justice and mobility.\u201d No doubt she\u2019s right.<\/p>\n\n\n\n

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

“Judging By Bond Markets, Economic Armageddon Is Just Around The Corner” “Judging by bond markets around the world, economic Armageddon – or something awfully close to it – is just around the corner.” – SocGen, September 5, 2019 \u201cIt\u2019s difficult to describe markets,\u201d said the CIO, reflecting on his decades of trading. \u201cFor what seems like […]<\/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":[4791,124,27127,13503,15427],"class_list":["post-48349","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bond-markets","tag-central-banks","tag-economic-armageddon","tag-eric-peters","tag-one-river-asset-management"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48349","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=48349"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48349\/revisions"}],"predecessor-version":[{"id":48350,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48349\/revisions\/48350"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}