Category Archive: 5) Global Macro

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The Distortions of Doom Part 2: The Fatal Flaws of Reserve Currencies

2018-10-10

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2018-10-10

US Dollar's Share of Global Payments, Loans and Reserves
The way forward is to replace the entire system of reserve currencies with a transparent free-for-all of all kinds of currencies. Over the years, I've endeavored to illuminate the arcane dynamics of global currencies by discussing Triffin's Paradox, which explains the conflicting dual roles of national currencies that also act as global reserve currencies, i.e. currencies that other nations use for global payments, loans and foreign exchange...

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The Global Distortions of Doom Part 1: Hyper-Indebted Zombie Corporations

2018-10-08

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2018-10-08

The defaults and currency crises in the periphery will then move into the core. It's funny how unintended consequences so rarely turn out to be good. The intended consequences of central banks' unprecedented tsunami of stimulus (quantitative easing, super-low interest rates and easy credit / abundant liquidity) over the past decade were: 1.

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MACRO ANALYTICS – 10 04 18 – A Distorted Global Supply Chain w/Charles Hugh Smith

2018-10-06

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VIDEO NOTIFICATION SIGN-UP: http://bit.ly/2y63PvX-Sign-Up Thank you to all Macro Analytics/Gordon T Long YouTube followers. I will continue to add the following message to each video, which many have already seen to help all of those that haven’t learned of the new update. Thank you again for your support! To all Macro Analytics/Gordon T Long subscribers: …

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China’s influence in Europe | The Economist

2018-10-05

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China’s investment in Europe is growing. Our cover leader this week explains why the money is welcome, but not when it is used to buy political influence. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Our cover this week focuses on China’s investment in Europe, which over the past few years has increased …

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A Few Questions From Today’s BOND ROUT!!!!

2018-10-05

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2018-10-05

Benchmark 10-year UST 2017-2018
On April 2, the benchmark 10-year US Treasury yield traded below 2.75%. It had been as high as 2.94% in later February at the tail end of last year’s inflation hysteria. But after the shock of global liquidations in late January and early February, liquidity concerns would override again at least for a short while. After April 2, the BOND ROUT!!!! was re-energized and away went interest rates.

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How to fuel the future | The Economist

2018-10-04

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America, under President Donald Trump, is securing its “energy independence” with oil and gas. But unlike fossil fuels, renewables will not increase global warming —and China is moving fast. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Oil moves the world around and creates powerful countries. Oil is such a vital commodity that …

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Pensions Now Depend on Bubbles Never Popping (But All Bubbles Pop)

2018-10-04

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2018-10-04

Calpers pensions
We're living in a fantasy, folks. Bubbles pop, period. The nice thing about the "wealth" generated by bubbles is it's so easy: no need to earn wealth the hard way, by scrimping and saving capital and investing it wisely. Just sit back and let central bank stimulus push assets higher.

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The data revolution: privacy, politics and predictive policing | The Economist

2018-10-03

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More than 90% of the world’s data appeared in the past two years. From privacy to politics, Facebook to facial recognition – discover the true impact of this data revolution. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Erlanger hospital, Tennessee – the medical staff here are at the forefront of efforts to …

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China’s Industrial Dollar

2018-10-03

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2018-10-03

China Industry Revenue, Aug 2008 - 2018
In December 2006, just weeks before the outbreak of “unforeseen” crisis, then-Federal Reserve Chairman Ben Bernanke discussed the breathtaking advance of China’s economy. He was in Beijing for a monetary conference, and the unofficial theme of his speech, as I read it, was “you can do better.” While economic gains were substantial, he said, they were uneven.

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Fixing Infrastructure Isn’t as Simple as Spending Another Trillion Dollars

2018-10-02

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2018-10-02

Public Infrastructure Has Been Neglected
It isn't easy to add new subway lines or new highways, and so "solutions" don't really exist. If there's one thing Americans can still agree on, it's that America needs to spend more on infrastructure which is visibly falling apart in many places. This capital investment creates jobs and satisfies everyone's ideological requirements: investment in public infrastructure helps enterprises, local governments and residents.

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The Labor Shortage Is Real

2018-10-01

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2018-10-01

Civilian Labor Force Participation Rate 1960-2000
Few conventional-media commentators are willing or able to discuss these factors in the labor shortage / declining participation trends. Is there a labor shortage in the U.S.? Employers are shouting "yes." Economists keep looking for wage increases as evidence of a labor shortage, and since wage increases are still relatively modest, the argument that there are severe labor shortages in parts of the U.S. is unpersuasive to many conventional...

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Make Your Case, Jay

2018-09-28

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2018-09-28

Eurodollar Futures June 2020
June 13 sticks out for both eurodollar futures as well as IOER. On the surface, there should be no bearing on the former from the latter. They are technically unrelated; IOER being a current rate applied as an intended money alternative. Eurodollar futures are, as the term implies, about where all those money rates might fall in the future. Still, the eurodollar curve inverted conspicuously starting June 13. That was the day of the prior “rate...

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Mapping global gun violence | The Economist

2018-09-27

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El Salvador, Venezuela and Guatemala have the worst gun violence in the world. America’s lax firearm laws are adding to their problems. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Since 1990 the number of gun deaths worldwide has reached 6.5 million. Three quarters of gun deaths occur in just 15 countries. Latin …

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Eurodollars & Global Deflation Risk W/ Jeff Snider | Expert View | Real Vision™

2018-09-26

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Is the global economy poised to enter another deflationary cycle? Jeff Snider, head of global research and chief investment strategist at Alhambra Partners, believes that we have never enjoyed a true recovery from the global financial crisis – but instead, have merely bounced between cycles of deflation and reflation. In this piece, Snider unpacks the …

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Droit du Seigneur and the Neofeudal Privileges of Class in America

2018-09-26

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2018-09-26

Want to understand the full scope of neofeudalism in America? Follow the money and the power and privilege it buys. The repugnant reality of class privilege in America is captured by the phrase date rape: the violence of forced, non-consensual sex is abhorrent rape when committed by commoner criminals, but implicitly excusable date rape when committed by a member of America's privileged elite.

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University: does a degree pay? | The Economist

2018-09-25

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The pressure for school-leavers to get a university degree is rising across the world. But does further education lead to better pay and opportunities? Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Is university worth it? Many believe further education is the key to success. Around half of school leavers in the rich …

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Monthly Macro Monitor – September 2018

2018-09-25

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2018-09-25

Alhambra Investments CEO Joe Calhoun shares his opinions of the economy and market based on the most recent economic reports.

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Charles Hugh Smith On Insights Into Jobs For Displaced Workers Affected By Intelligent Automation

2018-09-24

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Click here for the full transcript: http://financialrepressionauthority.com/2018/09/24/the-roundtable-insight-charles-hugh-smith-on-insights-into-the-jobs-for-displaced-workers-affected-by-intelligent-automation/

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The Four Disastrous Presidential Policies That Are Destroying the Nation

2018-09-24

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2018-09-24

Bank Consolidation
It's admittedly a tough task to select the four most disastrous presidential policies of the past 60 years, given the great multitude to choose from. Here are my top choices and the reasons why I selected these from a wealth of policy disasters.

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When Does This Travesty of a Mockery of a Sham Finally End?

2018-09-23

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2018-09-23

S-curved of Rapid Expansion
Credit bubbles are not engines of sustainable employment, they are only engines of malinvestment and wealth destruction on a grand scale. We all know the Status Quo's response to the global financial meltdown of 2008 has been a travesty of a mockery of a sham--smoke and mirrors, flimsy facades of "recovery," simulacrum "reforms," serial bubble-blowing and politically expedient can-kicking, all based on borrowing and printing trillions of dollars,...

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