Category Archive: 5) Global Macro

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Mid-Year Global Markets Update

2018-07-19

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2018-07-19

S&P 500
Volatility returned to markets with a vengeance in the first half of this year. 2018 started off as an extension of last year when volatility was almost wholly absent. Stocks roared out of the starting gate, up almost every day until January 26th. And then – whoosh. What took nearly a month to gain took just 6 trading days to give back and then some.

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Putin’s Russia and the ghost of the Romanovs | The Economist

2018-07-17

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Tsar Nicholas II of Russia and his family, the Romanovs, were murdered 100 years ago today by Marxist revolutionaries. What does this anniversary mean for Vladmir Putin? Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: https://econ.st/2zOWMe0 Check out …

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Our Institutions Are Failing

2018-07-16

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2018-07-16

Lifecycle bureaucracy
Our institutional failure reminds me of the phantom legions of Rome's final days. The mainstream media and its well-paid army of "authorities" / pundits would have us believe the decline in our collective trust in our institutions is the result of fake news, i.e. false narratives and data presented as factual.

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Bi-Weekly Economic Review – (VIDEO)

2018-07-14

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2018-07-14

Economic thoughts and analysis from Alhambra Investments CEO Joe Calhoun.

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Buybacks Get All The Macro Hate, But What About Dividends?

2018-07-13

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2018-07-13

S&P500 Stock Repurchases 2000-2018
When it comes to the stock market and the corporate cash flow condition, our attention is usually drawn to stock repurchases. With good reason. These controversial uses of scarce internal funds are traditionally argued along the lines of management teams identifying and correcting undervalued shares. History shows, conclusively, that hasn’t really been true.

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Can Ramaphosa deliver Mandela’s dream? | The Economist

2018-07-12

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Nelson Mandela publicly backed Cyril Ramaphosa as his political successor. Twenty years later Mr Ramaphosa has finally become president. But can he deliver Mandela’s dream of a fairer South Africa? Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: https://econ.st/2upgjvH Check out The Economist’s full video catalogue: http://econ.st/20IehQk Like …

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Will AI “Change the World” Or Simply Boost Profits?

2018-07-12

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2018-07-12

National Income: Corporate Profits Before Tax 1950-2018
The real battle isn't between a cartoonish vision or a dystopian nightmare--it's between decentralized ownership and control of these technologies and centralized ownership and control. The hype about artificial intelligence (AI) and its cousins Big Data and Machine Learning is ubiquitous, and largely unexamined. AI is going to change the world by freeing humankind from most of its labors, etc. etc. etc.

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China’s Seven Years Disinflation

2018-07-11

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2018-07-11

Chinese Money 2009-2014
In early 2011, Chinese consumer prices were soaring. Despite an official government mandate for 3% CPI growth, the country’s main price measure started out the year close to 5% and by June was moving toward 7%. It seemed fitting for the time, no matter how uncomfortable it made PBOC officials. China was going to be growing rapidly even if the rest of the world couldn’t.

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Women and the Saudi revolution | The Economist

2018-07-10

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Saudi Arabia is one of the most conservative countries in the world. But a social revolution has begun. The Economist’s editor, Zanny Minton Beddoes takes a road-trip around Riyadh to examine what a more moderate Saudi would mean for its women, and the rest of the world. Click here to subscribe to The Economist on …

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We Are All Hostages of Corporate Profits

2018-07-10

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2018-07-10

Corporate Profits Before Tax 1950-2018
We're in the endgame of financialization and globalization, and it won't be pretty for all the hostages of corporate profits. Though you won't read about it in the mainstream corporate media, the nation is now hostage to outsized corporate profits. The economy and society at large are now totally dependent on soaring corporate profits and the speculative bubbles they fuel, and this renders us all hostages: Make a move to limit corporate profits or...

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The USA Is Now a 3rd World Nation

2018-07-09

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2018-07-09

Try arguing against the facts displayed in this chart:
I know it hurts, but the reality is painfully obvious: the USA is now a 3rd World nation. Dividing the Earth's nations into 1st, 2nd and 3rd world has fallen out of favor;apparently it offended sensibilities. It has been replaced by the politically correct developed and developing nations, a terminology which suggests all developing nations are on the pathway to developed-nation status.

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House View, July 2018

2018-07-07

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2018-07-07

US, Japan and Europe Forward Price to Earnings
On a tactical, rolling three-to-six-month basis, we are tilting away from a bullish to a neutral stance on developed-market equities as trade and political frictions are rising. That said, we remain more upbeat on their prospects after the summer.

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The Gathering Storm

2018-07-06

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2018-07-06

S-Curve Expansion, Stagnation and Decline
July 4th is an appropriate day to borrow Winston Churchill's the gathering storm to describe the existential crisis that will envelope America within the next decade. There is no single cause of the gathering storm; in complex systems, dynamics feed back into one another, and the sum of destabilizing disorder is greater than a simple sum of its parts.

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Can eco-tourism help save the ocean? | The Economist

2018-07-05

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Indonesia’s Coral Triangle is one of the most biodiverse places on the planet, but destructive fishing practices are threatening ocean life. Meet the conservation pioneers who are reviving these waters—bringing species back from the brink of extinction. Click here to subscribe to The Economist on YouTube: https://econ.st/2zc9nHO Daily Watch: mind-stretching short films throughout the working …

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Charles Hugh Smith Use Logic The Deal We Are At The End Of The Economic Cycle

2018-07-04

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All our reports and Daily Alert News are backed up by source links. We work very hard to bring you the facts and We research everything before presenting the report. Subscribe for Latest on Financial Crisis, Oil Price, Global Economic Collapse, Dollar Collapse, Gold, Silver, Bitcoin, Global Reset, New World Order, Economic Collapse, Economic News, …

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US Vs China – Is It ‘Art Of The Deal’ Or Economic Warfare?

2018-07-04

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2018-07-04

While monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate the headlines...

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Charles Hugh Smith: We Desperately Need Shared Values, Connection & Positive Social Roles

2018-07-03

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Full description and comments at: https://www.peakprosperity.com/podcast/114151/charles-hugh-smith-we-desperately-need-shared-values-connection-positive-social-roles We’ve recently published a series of commentary on PeakProsperity.com addressing the epidemic of disconnection, dissatisfaction and demoralization that society is increasingly suffering from today: – Feeling Isolated? (...

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How to revive public healthcare | The Economist

2018-07-03

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Britain’s National Health Service is facing unprecedented challenges—70 years after it was first created. Lord Ara Darzi is a world-leading surgeon and a former British health minister. This is his prescription for nursing the NHS back to health. Click here to subscribe to The Economist on YouTube: https://econ.st/2NlVzNZ Daily Watch: mind-stretching short films throughout the …

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Emerging Market Preview: Week Ahead

2018-07-03

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2018-07-03

EM FX ended Friday mixed, capping off a mostly softer week.  TRY, MXN, and RUB were the top performers and the only ones up against USD, while ARS, CLP, and BRL were the worst.  Looking ahead, US jobs data on Friday pose some risks to EM, coming on the heels of a higher than expected 2% y/y rise in PCE.  China will also remain on the market’s radar screen, with the first snapshots of June economic activity just starting to emerge.  We remain...

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Emerging Markets: What Changed

2018-07-02

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2018-07-02

PBOC fixed USD/CNY at the highest level since December 14. Bank Indonesia delivered a larger than expected 50 bp to 5.25%. Bulgarian Prime Minister Boyko Borissov survived a second no-confidence vote this year. Turkish President Recep Tayyip Erdogan was re-elected but with sweeping new powers. Saudi Arabia, Kuwait, and UAE are reportedly in talks to help stabilize Bahrain.

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