Category Archive: 5) Global Macro

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Can a cure for diabetes be found through surgery? | The Economist

2018-06-06

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Diabetes is the fastest growing health crisis of our time. Could a common surgical procedure bolster hopes of finding a cure? Click here to subscribe to The Economist on YouTube: https://econ.st/2M2143H Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: https://econ.st/2M1rxOZ Check out The Economist’s full video catalogue: http://econ.st/20IehQk …

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Bi-Weekly Economic Review: As Good As It Gets?

2018-06-06

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2018-06-06

US Treasuries
In the last update I wondered if growth expectations – and growth – were breaking out to the upside. 10 year Treasury yields were well over the 3% threshold that seemed so ominous and TIPS yields were nearing 1%, a level not seen since early 2011. It looked like we might finally move to a new higher level of growth. Or maybe not.

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Emerging Markets: Preview of the Week Ahead

2018-06-05

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2018-06-05

EM FX put in a mixed performance Friday, and capped off an overall mixed week. Over that week, the best performers were IDR, TRY, and INR while the worst were BRL, MXN, and ARS. US yields are recovering and likely to put renewed pressure on EM FX.

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Bi-Weekly Economic Review – VIDEO

2018-06-04

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2018-06-04

Interview with Joe Calhoun about BiWeekly Economic Review 01/06/2018.

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Burrito Index Update: Burrito Cost Triples, Official Inflation Up 43 percent from 2001

2018-06-02

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2018-06-02

US Healthcare 1960 - 2010
Welcome to debt-serfdom, the only possible output of the soaring cost of living. Long-time readers may recall the Burrito Index, my real-world measure of inflation. The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016). The Burrito Index tracks the cost of a regular burrito since 2001. Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the cost of a regular...

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Sexism and the English language | The Economist

2018-06-01

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Sexism is rife in language. A woman may be described as “bossy”, while a man is more likely to be “assertive”. The Economist’s language expert Lane Greene explores the gender stereotypes used in everyday speech. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Daily Watch: mind-stretching short films throughout the working week. For …

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Emerging Market Preview: Week Ahead

2018-06-01

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2018-06-01

EM FX has started the week mixed.  Some relief was seen as US rates stalled out last week, but this Friday’s jobs number could be key for the next leg of this dollar rally.  On Wednesday, the Fed releases its Beige book for the upcoming June 13 FOMC meeting, where a 25 bp hike is widely expected.  We believe EM FX remains vulnerable to further losses.

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America 2018: Dicier by the Day

2018-05-31

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2018-05-31

Venezuela is Annual Inflation Rate 2015-2018
Scrape all this putrid excrescence off and we're left with a non-fantasy reality: everything is getting dicier by the day. If we look beneath the cheery chatter of the financial media and the tiresomely repetitive Russian collusion narrative (that's unraveling as the Ministry of Propaganda's machinations are exposed), we find that America in 2018 is dicier by the day.

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Should there be curbs on free speech? | The Economist

2018-05-30

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Free speech is at the heart of a healthy democracy, but in recent years it has come under attack. Controversial views are being silenced to protect vulnerable people from harm. The Economist’s Jon Fasman offers his take on how societies should react. #OpenFuture Click here to subscribe to The Economist on YouTube: https://econ.st/2J1OgIw Daily Watch: …

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How Systems Collapse

2018-05-30

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2018-05-30

System Collapse
This is how systems collapse: faith in the visible surface of abundance reigns supreme, and the fragility of the buffers goes unnoticed. I often discuss systems and systemic collapse, and I've drawn up a little diagram to illustrate a key dynamic in systemic collapse. The key concepts here are stability and buffers. Though complex systems are never static, but they can be stable: that is, they ebb and flow within relatively stable boundaries...

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What Happened Monday?

2018-05-29

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2018-05-29

Italian politics dominated Monday's activity. Initially, the euro reacted positively in Asia to news that the Italian President had blocked the proposed finance minister. A technocrat government would be appointed to prepare for new elections.

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Emerging Markets: What Changed

2018-05-28

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2018-05-28

President Trump canceled the planned summit with North Korea’s Kim Jong Un. Malaysia’s new Finance Minister Lim was sworn in along with 13 other cabinet ministers. Philippine central bank cut reserve ratios for commercial banks by one percentage point to 18% effective June 1. The United Arab Emirates opened up its economy to more foreign investment.

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The Currency of PMI’s

2018-05-27

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2018-05-27

US Markit PMI and GDP, Jul 2012 - May 2018
Markit Economics released the flash results from several of its key surveys. Included is manufacturing in Japan (lower), as well as composites (manufacturing plus services) for the United States and Europe. Within the EU, Markit offers details for France and Germany.

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Globally Synchronized Asynchronous Growth

2018-05-26

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2018-05-26

US Industrial Production, Jan 2006 - May 2018
Industrial Production in the United States rose 3.5% year-over-year in April 2018, down slightly from a revised 3.7% rise in March. Since accelerating to 3.4% growth back in November 2017, US industry has failed to experience much beyond that clear hurricane-related boost. IP for prior months, particularly February and March 2018, were revised significantly lower.

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American trade representatives meet China’s, cartooned | The Economist

2018-05-25

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Trade representatives from America met with their Chinese counterparts this week in a bid to avoid a trade war. The negotiations did not go well, our cartoonist offers his take Click here to subscribe to The Economist on YouTube: https://econ.st/2IKOHv1 Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: …

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Sustainability Boils Down to Scale

2018-05-25

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2018-05-25

Black Market Exchange Rate of Venezuelan Bolivar to US Dollar, 2010 - 2018
Only small scale systems can sustainably impose "skin in the game"-- consequences, accountability and oversight. Several conversations I had at the recent Peak Prosperity conference in Sonoma, CA sparked an insight into why societies and economies thrive or fail: It All Boils Down to Scale. In a conversation with a Peak Prosperity member who goes by MemeMonkey, MemeMonkey pointed out that social / economic organizations that function well at small...

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Anchoring Globally Synchronized Growth, Or We Gave Up Long Ago?

2018-05-24

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2018-05-24

China Fixed Asset Investment, Apr 2012 - 2018
January was the last month in which China’s National Bureau of Statistics (NBS) specifically mentioned Fixed Asset Investment (FAI) of state holding enterprises (or SOE’s). For the month of December 2017, the NBS reported accumulated growth (meaning for all of 2017) in this channel of 10.1%. Through FAI of SOE’s, Chinese authorities in early 2016 had panicked themselves into unleashing considerable “stimulus.”

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The Next Recession Will Be Devastatingly Non-Linear

2018-05-23

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2018-05-23

All Sector Debt Securities and Loans, 1960 - 2018
The acceleration of non-linear consequences will surprise the brainwashed, loving-their-servitude mainstream media. Linear correlations are intuitive: if GDP declines 2% in the next recession, and employment declines 2%, we get it: the scale and size of the decline aligns. In a linear correlation, we'd expect sales to drop by about 2%, businesses closing their doors to increase by about 2%, profits to notch down by about 2%, lending contracts by...

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RMR: Special Guest – Charles Hugh Smith – Of Two Minds (05/22/2018)

2018-05-22

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Charles Hugh Smith, Of Two Minds Blog joins “V” to discuss recent articles on his website, how blockchain and cryptocurrency could free the world of the current financial controllers and balance the powers of society. We are political scientists, editorial engineers, and radio show developers drawn together by a shared vision of bringing Alternative news …

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El Salvador’s violent gang members are finding God in prison | The Economist

2018-05-22

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18th Street and MS-13 gangs terrorise El Salvador, making it one of the most deadly places on earth. Leaving the gang is not easy—former gangsters face rejection from society and the threat of violence from other gang members and the police. Can religion provide a safe way out? Click here to subscribe to The Economist …

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