Category Archive: 5) Global Macro

Filter archive by: Show All Show only Articles Show only Videos

Raining On Chinese Prices

2018-10-20

by

2018-10-20

China Price Stability 2007-2018
It was for a time a somewhat curious dilemma. When it rains it pours, they always say, and for China toward the end of 2015 it was a real cloudburst. The Chinese economy was slowing, dangerous deflation developing around an economy captured by an unseen anchor intent on causing havoc and destruction. At the same time, consumer prices were jumping where they could do the most harm.

Read More »

Inflation Environment remains Benign in China

2018-10-19

by

2018-10-19

China CPI and Core CPI YoY, 2013 - 2018
The headline consumer price index (CPI) in China picked up slightly in September, rising by 2.5% year-over-year (y-o-y) compared with 2.3% in August, driven by higher food price and fuel prices. Excluding food and energy, core inflation in China actually eased to 1.7% y-o-y in September from 2.0% in August.

Read More »

What’s so funny about #MeToo? | The Economist

2018-10-18

by

The #MeToo movement is a year old. To mark the anniversary Tiff Stevenson, a British comedian, talks about inequality between the sexes and the laughable facts. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Tiff Stevenson is a British comedian who uses inequality between the sexes as material in her stand-up routine. The …

Read More »

Just The One More Boom Month For IP

2018-10-18

by

2018-10-18

Industrial Production, SA 1995-2018
The calendar last month hadn’t yet run out on US Industrial Production as it had for US Retail Sales. The hurricane interruption of 2017 for industry unlike consumer spending extended into last September. Therefore, the base comparison for 2018 is against that artificial low. As such, US IP rose by 5.1% year-over-year last month. That’s the largest gain since 2010.

Read More »

Now Back To Our Regularly Scheduled Economy

2018-10-17

by

2018-10-17

Retail Sales, Gasoline 2011-2018
The clock really was ticking on this so-called economic boom. A product in many economic accounts of Keynesian-type fantasy, the destructive effects of last year’s hurricanes in sharp contrast to this year’s (which haven’t yet registered a direct hit on a major metropolitan area or areas, as was the case with Harvey and Irma) meant both a temporary rebound birthed by rebuilding as well as an expiration date for those efforts.

Read More »

Mapping poverty in America | The Economist

2018-10-16

by

America is the richest country in the world, but it also has one of the biggest divides between rich and poor. What can a zip code reveal about inequality? Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy The United States is the world’s richest country. It is also one of the most unequal. …

Read More »

Here’s Why the Next Recession Will Spiral Into a Depression

2018-10-16

by

2018-10-16

Gap in pension funding 2015-2016
Here's the difference between a recession and a depression: you can't get blood from a stone, or make an insolvent entity solvent with more debt. There are two basic differences between a recession and a depression: 1. Duration: a recession typically lasts between 6 and 18 months, while a depression drags on for years or even decades, often masked by official propaganda as "slow growth" or "stagnation."

Read More »

How Many Households Qualify as Middle Class?

2018-10-15

by

2018-10-15

Ownership Society
By the standards of previous generations, the middle class has been stripmined of income, assets and purchasing power. What does it take to be middle class nowadays? Defining the middle class is a parlor game, with most of the punditry referring to income brackets as the defining factor.

Read More »

Special Edition: Markets Under Pressure (VIDEO)

2018-10-15

by

2018-10-15

What does Alhambra Investments think about the 1300 point drop in the Dow Jones Average this week? Alhambra CEO Joe Calhoun has some thoughts.

Read More »

From cannabis to climate change: North America’s burning issues | The Economist

2018-10-12

by

Canada is set to become only the second country in the world to legalise cannabis. Across the border, America is making global headlines on another burning issue—all captured by our cartoonist, KAL. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Political cartoonists have the arduous task of packing a mountain of information into …

Read More »

How MDMA is being used to treat PTSD | The Economist

2018-10-11

by

MDMA, the active ingredient in the party drug ecstasy, is being touted as a game-changing treatment for post-traumatic stress disorder. It is being trialled in America—and for one army veteran the drug has been a life-saver. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy In America around 22 military veterans kill themselves every …

Read More »

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

2018-10-10

by

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...

Read More »

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

2018-10-08

by

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.

Read More »

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

2018-10-06

by

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: …

Read More »

China’s influence in Europe | The Economist

2018-10-05

by

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 …

Read More »

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

2018-10-05

by

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.

Read More »

How to fuel the future | The Economist

2018-10-04

by

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 …

Read More »

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

2018-10-04

by

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.

Read More »

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

2018-10-03

by

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 …

Read More »

China’s Industrial Dollar

2018-10-03

by

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.

Read More »