Category Archive: 5) Global Macro

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Revisiting The Revised Revisions

2018-06-30

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2018-06-30

Revisions Durable Goods SA, 2006-2018
I missed durable goods last month for scheduling reasons, which was a shame given that May is the month each year for benchmark revisions to the series. Since new estimates under the latest revisions were released today, it seems an appropriate time to revisit the topic of data bias, and why that matters. What happens with durable goods (or any data for that matter, the process is largely the same) is that the Census Bureau conducts smaller surveys...

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James Comey on emails, the “American giant” and the end of Donald Trump | The Economist Podcast

2018-06-29

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James Comey, former director of the FBI, spoke to Anne McElvoy, The Economist’s head of radio, for The Economist asks podcast. Timecoded chapters listed below: Chapter One – James Comey on border separations 00:40 Economist asks about family separation policy 01:41 Economist asks about Melania Trump’s fashion choice 03:11 Economist asks about President Trump’s moral …

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Is match-fixing sports biggest threat? | The Economist

2018-06-28

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The beauty of sport is the unknown-anything can happen. But what if the contest is rigged? Match-fixing is a global criminal enterprise that is more prevalent than you may think. Click here to subscribe to The Economist on YouTube: https://econ.st/2tGuZ9h Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: …

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Make Capital Cheap and Labor Costly, and Guess What Happens?

2018-06-28

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2018-06-28

Price Changes, 1996 - 2016
Employment expands in the Protected cartel-dominated sectors, and declines in every sector exposed to globalization, domestic competition and cheap capital. If you want to understand why the global economy is failing the many while enriching the few, start with the basics: capital, labor and resources. What happens when central banks drop interest rates to near-zero? Capital becomes dirt-cheap.

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Dear High School Graduates: the Status Quo “Solutions” Enrich the Few at Your Expense

2018-06-27

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2018-06-27

Student Loans Debt 2008-2018
You deserve a realistic account of the economy you're joining. Dear high school graduates: please glance at these charts before buying into the conventional life-course being promoted by the status quo. Here's the summary: the status quo is pressuring you to accept its "solutions": borrow mega-bucks to attend college, then buy a decaying bungalow or hastily constructed stucco box for $800,000 in a "desirable" city, pay sky-high income and property...

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How to win a penalty shootout I The Economist

2018-06-26

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Penalty shootouts provide some of the tensest World Cup moments. We’ve crunched the data and teamed up with one of the world’s top female footballers to examine the secret of taking the perfect spot kick. Click here to subscribe to The Economist on YouTube: https://econ.st/2tGuZ9h Daily Watch: mind-stretching short films throughout the working week. For …

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Emerging Markets: Preview of the Week Ahead

2018-06-26

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2018-06-26

EM FX ended Friday mixed, and capped off a mixed week overall as the dollar’s broad-based rally was sidetracked. EM may start the week on an upbeat after PBOC cut reserve requirements over the weekend. Best EM performers last week were ARS, MXN, and TRY while the worst were THB, IDR, and BRL.

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RMR: Special Guest – Charles Hugh Smith – Of Two Minds (06/25/2018)

2018-06-25

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We are political scientists, editorial engineers, and radio show developers drawn together by a shared vision of bringing Alternative news through digital mediums that evangelize our civil liberties. Please subscribe for the latest shows daily! http://www.roguemoney.net https://www.facebook.com/ROGUEMONEY.NET/ https://twitter.com/theroguemoney

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Emerging Markets: What Changed

2018-06-25

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2018-06-25

Nor Shamsiah Mohd Yunus was named the new Governor of Malaysia’s central bank. Moody's cut the outlook on Pakistan's B3 rating to negative from stable. National Bank of Hungary tiled more hawkish. Israeli Prime Minister Benjamin Netanyahu’s wife was charged with misusing public funds. MSCI added Saudi Arabia and Argentina to its Emerging Markets index.

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Bi-Weekly Economic Review (VIDEO)

2018-06-24

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2018-06-24

Information and opinions about the economy and markets from Alhambra Investments CEO Joe Calhoun.

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Gresham’s Law and Bitcoin

2018-06-23

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2018-06-23

Bolivar/U.S. Dollar, 2010-2018
Rather suddenly, the state issued fiat currency bolivar lost 99% of its purchasing power. Gresham's law holds that "bad money drives out good money," meaning that given a choice of currencies (broadly speaking, "money" that serves as a store of value and a means of exchange), people use depreciating "bad" to buy goods and services and hoard "good" money that is appreciating or holding its value.

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Bi-Weekly Economic Review

2018-06-22

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2018-06-22

10-Year Treasury Constant Maturity Rate 1990-2018
Is the rate hiking cycle almost done? Not the question on everyone’s minds right now so a good time to ask it, I think. A couple of items caught my attention recently that made me at least think about the possibility.  There has been for some time now a large short position held by speculators in the futures market for Treasuries.

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A softer Brexit is a better Brexit | The Economist

2018-06-21

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Enter the Economist #OpenFuture contest: A minute to change the world. See more here: https://goo.gl/FU4YL4 The Brexit vote took place two years ago. But when Britons voted to leave the EU they had no say in what sort of Brexit they wanted. It has become clear that a softer Brexit is better, and Britain need … Continue...

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Global Asset Allocation Update

2018-06-21

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2018-06-21

Global Asset Allocation Update
The risk budget is unchanged this month. For the moderate risk investor the allocation to bonds and risk assets is evenly split. There are changes this month within the asset classes. How far are we from the end of this cycle? When will the next recession arrive and more importantly when will stocks and other markets start to anticipate a slowdown?

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CHARLES HUGH SMITH Printing Money Will Not Save Us From Recession This Time

2018-06-20

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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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There Isn’t Supposed To Be The Two Directions of IP

2018-06-20

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2018-06-20

U.S. Industrial Production, SA 1995-2018
US Industrial Production dipped in May 2018. It was the first monthly drop since January. Year-over-year, IP was up just 3.5% from May 2017, down from 3.6% in each of prior three months. The reason for the soft spot was that American industry is being pulled in different directions by the two most important sectors: crude oil and autos.

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CHARLES HUGH SMITH – Printing Money Will Not Save Us From Recession This Time

2018-06-19

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SUBSCRIBE for Latest on FINANCIAL CRISIS / OIL PRICE / PETROL/ GLOBAL ECONOMIC COLLAPSE / DOLLAR COLLAPSE / GOLD / SILVER / BITCOIN / ETHERIUM / CRYPTOCURRENCY / LITECOIN /FINANCIAL CRASH / GLOBAL RESET / NEW WORLD ORDER / ECONOMIC COLLAPSE / DAVOS 2018

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Should we tax the rich more? | The Economist

2018-06-19

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Taxation is necessary in order to provide public services like roads, education and health care. But as the world’s elderly population grows, and the demand for public services increases, countries will need to reassess how they tax. Where should the money come from? Click here to subscribe to The Economist on YouTube: https://econ.st/2tk2YnG Daily Watch: …

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Emerging Markets: Week Ahead Preview

2018-06-19

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2018-06-19

EM FX was mixed on Friday but capped off a largely losing week. MYR, CLP, and CNY were the best performers over the last week, while ARS, TRY, and ZAR were the worst. We expect EM FX to continue weakening, but note that with very few fundamental drivers this week, we may see some consolidation near-term.

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Emerging Markets: What Changed

2018-06-18

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2018-06-18

US-China trade tensions are rising. Pakistan devalued the rupee for a third time since December. Bulgaria will seek to join the eurozone banking union and ERM-2 simultaneously. The National Bank of Hungary appears to have tilted more hawkish. Newly elected Egyptian President El-Sisi shuffled his cabinet. Argentina has a new central bank chief after Federico Sturzenegger resigned.

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