Category Archive: 5) Global Macro

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SPECIAL REPORT: Follow The Money Series – Dawn Of A New Era

2022-10-25

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2022-10-25

With inflation recently hitting a high not seen since 1981, it is now apparent that the factors that drove the disinflation trend of the last four decades are coming to an end. Globalization and demographics, the two big factors that combined to hold down prices and wages for so long, are reversing, and so too is the downtrend in prices, wages, and interest rates.

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Xi Jinping’s vulgar display of power – and its target – was intended specifically for you and me.

2022-10-25

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Hu Jintao wasn't just Xi Jinping's predecessor. Hu was a technocrat who represented a different method for pursuing the Chinese socialist agenda, one that shared more in common with the rest of the world.

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Rishi Sunak: what challenges await Britain’s new PM?

2022-10-24

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Britain has a new prime minister—again. Rishi Sunak inherits a mountain of problems. The Economist’s Britain editor assesses the challenges Mr Sunak faces. 00:00 - Britain’s new Prime Minister 00:30 - The markets react 01:07 - Public services under pressure 02:34 - Rishi’s balancing act 03:06- Political instability: the ongoing risk Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI For our most recent Britain coverage:...

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SMART BOURSE – L’invité de la mi-journée : Thomas Costerg (Pictet WM)

2022-10-24

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Lundi 24 octobre 2022, SMART BOURSE reçoit Thomas Costerg (Économiste senior US, Pictet WM)

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Info not fearmongering. Swaps not Swiss. Dealers not Fed. The data and evidence are conclusive.

2022-10-24

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A negative swap spread sounds like total nonsense - at first. But in a ledger money, fictive currency system what matters is the capacities of those who collectively keep track of the distributed ledger. This is where that nonsense isn't just useful, it is extremely valuable. Swaps are the ledger and they are saying there is a very real and worsening problem on it. Global (euro)Dollar Shortage.

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Weekly Market Pulse: Did Powell Just Blink?

2022-10-24

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2022-10-24

Did Jerome Powell blink last Friday? It was just before the market open Friday and interest rates were jumping higher, as they had all week. The 10-year Treasury yield was up to 4.33%, another 11 basis points higher than the previous close and 32 basis points higher than the previous week’s close.

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Russia: Ukraine is preparing ‘dirty bomb’ attacks | Top World News | Latest English News | WION

2022-10-24

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Tensions between Russia and Ukraine continue as the war enters its ninth month. Russian defense minister rang his US and other European counterparts, he alleged that Ukraine is preparing a provocation with 'dirty bombs'.

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Domestic housing bust accelerates, yet it is foreign Treasury buyers who are inverting the curve.

2022-10-24

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What do foreign UST buyers know that maybe American bond sellers don't? The latter seem to care all about he Fed. The former are facing more obvious problems beginning with a massive global dollar shortage.

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A Lesson in Markets and Bureaucracies: The Very Instructive History of Rat Farms

2022-10-22

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2022-10-22

In effect, authorities created two rat farms, both unintended: the sewers, and the private-sector rat-farms.The history of Rat Farms offers a valuable lesson in how markets and bureaucracies work. The story of how the colonial authorities in Hanoi came to establish two kinds of rat farms is highly instructive. The first rat farm was unintentional.

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Russia: Call was needed to clear up misunderstandings | Latest World News | WION

2022-10-22

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In a rare high level contact between Russia and the United States, the defence secretaries of both countries held a telephonic conversation. During the phone call, the situation of Ukraine was discussed.

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Info not fearmongering. Swaps not Swiss. Dealers not Fed. The data and evidence are conclusive.

2022-10-22

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A negative swap spread sounds like total nonsense - at first. But in a ledger money, fictive currency system what matters is the capacities of those who collectively keep track of the distributed ledger. This is where that nonsense isn't just useful, it is extremely valuable.

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Gravitas: U.S. says Iranian troops were in Crimea helping Russia attack Ukraine

2022-10-21

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U.S. says Iranian troops were in Crimea helping Russian military attack Ukraine. Reports say Iranian drone experts are training Russian soldiers. But why is Iran helping Russia? What's in it for Tehran? Listen in to Priyanka Sharma.

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How Trump is still damaging American politics

2022-10-20

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As Donald Trump and his supporters continue to falsely claim the 2020 election was stolen, American democracy looks fragile. With election-deniers running for office, and many new voting restrictions, how will the midterm elections shape the playing field for the 2024 presidential election? 00:00 - Democracy is under assault in America 01:38 - Americans are worried about the state of democracy 04:04 - An unprecedented amount of new voting...

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Market Currents: Fed Confusion

2022-10-20

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2022-10-20

The Federal Reserve seems confused about its role in inflation and unemployment. Alhambra’s Steve Brennan and Joe Calhoun discuss it.

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How to draw Vladimir Putin #cartoon #Putin

2022-10-18

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How do you draw Putin? We asked KAL, our political cartoonist. #cartoon #Putin #shorts #art #politics

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What Everybody Knows No Longer Matters

2022-10-18

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2022-10-18

What nobody yet knows (or the few insiders who do know are keeping to themselves) is what will matter. Being a doom-and-gloom Bear stops being fun when the Bear Bar gets crowded.

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CCP Congress: what will Xi do next?

2022-10-17

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What's it like to attend the Chinese Communist Party’s most important political meeting? Our correspondent, who was at the opening of the 20th National Congress, explains what it was like and what we might learn about Xi Jinping’s plans for China's future in the coming days 00:00 - What is the Chinese Communist Party congress? 00:38 - Our correspondent’s journey 01:50 - Xi Jinping's speech 02:55 - What else is on the agenda? Sign up to The...

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Weekly Market Pulse: Just A Little Volatility

2022-10-17

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2022-10-17

Markets were rather volatile last week. That’s a wild understatement and what passes for sarcasm in the investment business. Stocks started the week waiting with bated (baited?) breath for the inflation reports of the week. It isn’t surprising that the market is focused firmly on the rear view mirror for clues about the future since Jerome Powell has made it plain that is his plan, goofy as it is.

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Brazil elections: the enduring threat of Bolsonaro

2022-10-15

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President Jair Bolsonaro, the Trump of the Tropics, has undermined democracy, drummed up division and inspired cult-like devotion from his followers. Whether he is re-elected or not, the right-wing populist movement he has unleashed is unlikely to go away. 00:00 - The appeal of Bolsonaro 01:02 - Bolsonaro’s power in Congress 03:20 - Bolsonaro and the gun lobby 05:39 - Bolsonaro’s impact on the environment 07:42 - Bolsonaro’s appeal to evangelical...

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What If Everyone’s Wrong (Just Long Enough to Blow Up Their Account)?

2022-10-15

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2022-10-15

Trying to restore a system that is spiraling away from equilibrium with new extremes of obsolete, misguided policies only accelerates the swings from apparent stability to cascading chaos. The conventional view of the market is there are two sides to every trade and one is right and the other is wrong.

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