Category Archive: 5) Global Macro

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The Coming Crisis the Fed Can’t Fix: Credit Exhaustion

2019-03-18

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2019-03-18

All Sectors, Debt Securities and Loans, Liability Level 1960 - 2018
Having fixed the liquidity crisis of 2008-09 and kept a perversely unequal "recovery" staggering forward for a decade, central banks now believe there is no crisis they can't defeat: Liquidity crisis? Flood the global financial system with liquidity. Interest rates above zero? Create trillions out of thin air and use the "free money" to buy bonds. Mortgage and housing markets shaky?

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Monthly Macro Chart Review – March (VIDEO)

2019-03-17

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2019-03-17

Alhambra CEO discusses the most important economic reports from the past month.

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Why St Patrick’s Day went global | The Economist

2019-03-16

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St Patrick’s Day is celebrated by 149m people in America alone. How did Ireland’s saint’s day become a global event? 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 full video catalogue: http://econ.st/20IehQk Like The Economist on Facebook: https://www.facebook.com/TheEconomist/ Follow The Economist on …...

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No Sign of Stimulus, Or Global Growth, China’s Economy Sunk By (euro)Dollar

2019-03-16

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2019-03-16

China Industrial Production 1999-2019
Najib Tun Razak was elected as Malaysia’s Prime Minister in early 2009. Taking office that April amid global turmoil and chaos, Najib’s first official visit was to Beijing in early June. His father, also Malaysia’s Prime Minister, had been the first among Asian nations to open formal diplomatic relations with China thirty-five years before.

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What Sort of “Democracy” Do We Have If Everyone’s Goal Is Maximizing Their Government Swag?

2019-03-15

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2019-03-15

S-Curve of Centralization
A democratic republic is a government in which power flows from citizens to their elected representatives. The American revolutionaries did not make a big distinction between republic and democracy, for in the context of the late 1700s, the dominant political structure was monarchy, and democracy meant the people have the final say via elections.

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How States/Empires Collapse in Four Easy Steps

2019-03-14

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2019-03-14

S-Curve of Expansion, Maturation, Stagnation and Collapse
There is a grand, majestic tragedy in the inevitable collapse of once-thriving states and empires: it all seemed so permanent at its peak, so godlike in its power, and then slowly but surely, too many grandiose, unrealistic promises were made to too many elites and constituencies, and then as growth decays to stagnation, the only way to maintain the status quo is to appear to meet all the promises by creating money out of thin air, i.e. debauching...

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Downturn Rising, No ‘Glitch’ In Retail Sales

2019-03-13

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2019-03-13

U.S. Retail Sales, Jun 2011 - Dec 2018
You just don’t see $4 billion monthly retail sales revisions, in either direction. Advance estimates are changed all the time, each monthly figure will be recalculated twice after its initial release. Typically, though, the subsequent revisions are minor rarely amounting to a billion. Four times that?

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Charles Hugh Smith The World is Awash in Debt and Can’t Raise Interest Rates & Trump May Not Run

2019-03-12

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If interest rates rise to normal historical levels then this will collapse the everything bubble. So the central banks will try to lower interest rates into negative territory to try and maintain their ability to maintain debt servicing which are taking more and more of the pie of what’s received in tax revenues. For example …

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Is this the future of health? | The Economist

2019-03-12

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Artificial intelligence is already shaping the world, from driverless cars to dating. But according to Dr Eric Topol, a pioneer in digital medicine, perhaps its greatest impact will be on people’s health. 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 full video …

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Downturn Rising, German Industry

2019-03-12

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2019-03-12

US Treasury Yield Curve, Aug 2007 - Jan 2019
You know things have really changed when Economists start revising their statements more than the data. What’s going on in the global economy has quickly reached a critical stage. This represents a big shift in expectations, a really big one, especially in the mainstream where the words “strong” and “boom” couldn’t have been used any more than they were.

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Here’s The Problem: The Pie Is Shrinking

2019-03-12

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2019-03-12

S-curve of Rapid Expansion, Stagnation and Decline
Scrape away the churn and distraction and the problem is simple: the pie of prosperity is shrinking, and the "fixes" are failing. The status quo arrangement is based on the endless expansion of "growth" and debt, which is the monetary fuel of more, more, more of everything: money, energy, resources, goods, services, jobs, wealth and income, all of which make up the elixir of prosperity.

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The Source of Killer Inflation: Services

2019-03-11

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2019-03-11

The soaring cost of services is driven by a number of factors. What will the future bring: fire (inflation) or ice (deflation)? The short answer: both, but in very different doses. Goods that are tradeable and exposed to technologically driven commodification will decline in price (deflation) while untradeable services that are difficult to commoditize will increase in price (inflation), generating a self-reinforcing feedback loop of wage-price...

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Monetary U-Turn: When Will the Fed Start Easing Again? Incrementum Advisory Board Meeting Q1 2019

2019-03-10

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2019-03-10

Trey Reik
On occasion of its Q1 meeting in late January, the Incrementum Advisory Board was joined by special guest Trey Reik, the lead portfolio manager of the Sprott Institutional Gold & Precious Metal Strategy at Sprott USA since 2015

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What If Politics Can’t Fix What’s Broken?

2019-03-09

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2019-03-09

Political Polarization Has Exploded Since 2000
This is the politics of decline and collapse. The unspoken assumption of the modern era is that politics can fix whatever is broken: whatever is broken in society or the economy can be fixed by some political policy or political process-- becoming more inclusionary, seeking non-partisan middle ground, etc.

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The new scramble for Africa | The Economist

2019-03-08

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The past decade has seen a big surge of foreign interest in Africa—involving China, India and Russia. If the continent handles this new “scramble” wisely, the main winners will be Africans themselves. 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 full video …

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CHARLES HUGH SMITH: ELITE DUMBING DOWN MIDDLE-CLASS INTO DUST!

2019-03-08

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http://www.portfoliowealthglobal.com/Smith MUST-READ FOR INVESTORS: LP(S) – Attack LP(S) – Bear LP(S) – Drama Shelter your Portfolio from the Bonds COLLAPSE: http://www.PortfolioWealthGlobal.com/Bonds Get Immediate Access to our Exclusive Report on the Coming STOCK MARKET CRASH: http://www.portfoliowealthglobal.com/crash/ Download Our Top 5 Cryptocurrencies for 2018 AT: http://www.portfoliowealthglobal.com/top5/ The Gold Bull...

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Not Buying The New Stimulus

2019-03-08

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2019-03-08

ECB GDP Projections, March 2016 - 2019
What just happened in Europe? The short answer is T-LTRO. The ECB is getting back to being “accommodative” again. This isn’t what was supposed to be happening at this point in time. Quite the contrary, Europe’s central bank had been expecting to end all its programs and begin normalizing interest rates.

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Monthly Macro Chart Review – March

2019-03-08

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2019-03-08

Economic Growth and Investment
We’re changing the format on our Macro updates, breaking the report into two parts. This is part one, a review of the data released the previous month with charts to highlight the ones we deem important. We’ll post another one next week that will be more commentary and the market based indicators we use to monitor recession risk.

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What if women ruled the world? | The Economist

2019-03-07

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Only 6.3% of all international leaders are women. Ellen Johnson Sirleaf, former Liberian president and Africa’s first elected female head of state, suggests ways to redress the balance. 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 full video catalogue: http://econ.st/20IehQk Like The …

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Labor Shortage America has been Canceled

2019-03-07

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2019-03-07

U.S. Retail Sales, Jan 2007 - 2019
The holiday season was shaping up to be a good one, perhaps a very good one. All the signs seemed to be pointing in that direction, especially if you were a worker. All throughout last year, beginning partway through 2017, there wasn’t a day that went by without some mainstream story “reporting” on America’s labor shortage.

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