Category Archive: 5) Global Macro

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The US labels China a currency manipulator

2019-08-10

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2019-08-10

USD/CNY Spot Rate, 2000-2019
The near-term impact will likely be limited but this is a clear negative for trade negotiations.Shortly after the renminbi’s sharp depreciation on Monday, the US Treasury Department labelled China a currency manipulator. This is the first time in 25 years that the US government has designated a country as a currency manipulator.According to the US Treasury Department, the decision was triggered by the perceived lack of action by the PBoC to resist...

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Currency update – the Chinese renminbi

2019-08-09

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2019-08-09

Growth in Japanese Exports and ISM Business New Orders Index, 2011-2019
Despite the CNY's recent fall, we believe the People's Bank of China will refrain from competitive devaluationFollowing US President Donald Trump’s announcement of a new 10% tariff on USD300 billion of Chinese goods, the Chinese renminbi (rmb) weakened sharply and breached CNY7.00 per USD.

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The Gulag of the Mind

2019-08-08

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2019-08-08

Befuddled and blind, we wander toward the cliff without even seeing it, focusing on our little screens of entertainment and self-absorption. There are no physical barriers in the Gulag of the Mind--we imprison ourselves, and love our servitude. Indeed, we fear the world outside our internalized gulag, because we've absorbed the narrative that the gulag is secure and permanent.

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BoJ stays put amid economic headwinds

2019-08-07

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2019-08-07

Growth in Japanese Exports and ISM Business New Orders Index, 2011-2019
Japan's central bank has little room for further easing despite a downbeat outlook.At its monetary policy meeting on 30 July, the Bank of Japan (BoJ) decided to keep its monetary policy unchanged, as expected. The decision came as the Japanese economy faces strong external headwinds and a downbeat outlook for domestic demand.

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Nothing Is Guaranteed

2019-08-06

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2019-08-06

S&P 500 Everything Bubble, 2000-2018
There are no guarantees, no matter how monumental the hubris and confidence. The American lifestyle and economy depend on a vast number of implicit guarantees-- systemic forms of entitlement that we implicitly feel are our birthright. Chief among these implicit entitlements is the Federal Reserve can always "save the day": the Fed has the tools to escape either an inflationary spiral or a deflationary collapse.

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Charles Hugh Smith ? Economic Collapse Confirmed! – The Collapse of the American Empire?

2019-08-03

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Charles Hugh Smith ? Economic Collapse Confirmed! – The Collapse of the American Empire? Charles Hugh Smith ? Economic Collapse Confirmed! – The Collapse of the American Empire? ——————————————————————————————————— ? Subscribe To...

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Why are music festivals so expensive? | The Economist

2019-08-03

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Today there are festivals in more parts of the world than ever before–and ticket prices are higher than ever before. Why are festivals so expensive? Read more about how big stars maximise their take from tours here: https://econ.st/30ktI6U Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy For more from Economist Films visit: http://films.economist.com/ …

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How will quantum computing change the world? | The Economist

2019-08-01

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The potential for quantum computing to crack other countries’ encrypted networks has captured the attention of national governments. Which of the world’s fundamental challenges could be solved by quantum computing? Read more here: https://econ.st/2Zpildp Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy For more from Economist Films visit: http://films.economist.com/ Check out The Economist’s …

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Charles Hugh Smith – The American Empire Will Fall In 2019

2019-08-01

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Channel Not Monetized If you have any issue about their copyright, please contact me by email: [email protected] . Thank you ! Thank

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Charles Hugh Smith – Parallels Between The Decline of the Roman Empire and America

2019-08-01

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SBTV spoke with Charles Hugh Smith, author and the editor of the Of Two Minds blog, about the startling parallels (e.g. debasing of currency, lack of strong leadership, move towards populism, etc.) between the decline of the Roman Empire and America. Follow Charles Hugh Smith’s on his blog: https://www.oftwominds.com/blog.html Discussed in this interview: 07:33 Central …

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Main Street Small Business on the Precipice

2019-07-31

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2019-07-31

Startups as Share of all Businesses, 1979 - 2014
As a generality, the average employee (including financial pundits) has no real experience or understanding of what it takes to start and operate a small business in the U.S. Government employees in the agencies that oversee and enforce regulations on small businesses also generally lack any experience in the businesses they regulate.

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China’s Big Gamble(s): Betting on QE Again?

2019-07-30

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2019-07-30

China GDP, 2001-2019
As an economic system, even the most committed socialists had come to realize it was a failure. What ultimately brought down the Soviet Union wasn’t missiles, tanks, and advanced air craft, it was a simple thing like bread. You can argue that Western military spending forced the Communist East to keep up, and therefore to expend way too much on guns at the expense of butter.

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Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now!

2019-07-29

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Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now! Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now! Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now!...

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Why Is What Was Once Affordable to Many Now Only Affordable to the Wealthy?

2019-07-29

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2019-07-29

S-curve of Rapid Expansion, Stagnation and Decline
Let's start with an excerpt from a recent personal account by the insightful energy/systems analyst Ugo Bardi, who is Italian but writes his blog Cassandra's Legacy in English: Becoming Poor in Italy. The Effects of the Twilight of the Age of Oil.

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Real Estate Perfectly Sums Up The Rate Cuts

2019-07-28

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2019-07-28

NAR Existing Home Sales, Jan 2011 - May 2019
It’s only a confusing when you just accept the booming economy of the unemployment rate. From this perspective, 2018 was, and more so 2019 is, a downright conundrum. By all mainstream accounts, this just shouldn’t be happening.

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US Economic Crosscurrents Reach the 50 Mark

2019-07-27

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2019-07-27

U.S. PMI Chicago Fed NAI, Jan 2006 - July 2019
In the official narrative, the economy is robust and resilient. The fundamentals, particularly the labor market, are solid. It’s just that there has arisen an undercurrent or crosscurrent of some other stuff. Central bankers initially pointed the finger at trade wars and the negative “sentiment” it creates across the world but they’ve changed their view somewhat.

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How to save humankind (according to James Lovelock) | The Economist

2019-07-26

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James Lovelock, the renowned scientist, is 100 years old. He believes the human race is under threat of destruction—but he has a radical plan for saving it Read more here: https://econ.st/2LKroSQ Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Is the human race under threat of destruction? This man thinks so and he …

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It’s Not Just the News That’s Fake–Everything’s Fake

2019-07-26

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2019-07-26

SPX Everything Bubble, 2000 - 2019
What do we mean when we say corporate media is fake? We mean it's a carefully crafted con, a set of narratives, cherry-picked data and heavily massaged statistics (the unemployment rate, etc.) designed to instill the reader's confidence in a narrative that serves the interests not of the citizenry but of a select few pillaging the citizenry.

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How donuts have benefitted America’s immigrants | The Economist

2019-07-25

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Donuts are the all-American confectionery. They have also helped a group of immigrants from Cambodia pursue the American dream. Read more here: https://econ.st/30Olhk6 Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy America has the biggest immigration population in the world. The country has long attracted people in search of a better life. Among …

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Germany Struggles On

2019-07-25

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2019-07-25

Germany ZEW Financial Market Survey, Jan 2006 - 2019
The popular image of the German industrial machine politics is one which has Germany’s massive factories efficiently churning out goods for trade with the South of Europe (Club Med). Because of the common currency, numerous disparities starting with productivity differences had left the South highly indebted to the North just as the Global Financial Crisis would strike.

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