Category Archive: 5) Global Macro

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Obesity: not just a rich-world problem | The Economist

2018-01-24

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Obesity is a global problem, but more people are getting fatter in developing countries than anywhere else. If current trends continue, obese children will soon outnumber those who are undernourished. Click here to subscribe to The Economist on YouTube: http://econ.st/2rAAQPL People are fatter than ever. Obesity has more than doubled since 1980. But the biggest …

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CHARLES HUGH SMITH What we want to do is make society rich

2018-01-24

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CHARLES HUGH SMITH What we want to do is make society rich ———————————- $ Help Finance News reach 1000 subscribers: $ ANDREW HOFFMAN: SUBSCRIBE for Latest on FINANCIAL CR / OIL PRICE / PETROL/ GLOBAL ECONOMIC COLLAPSE / DOLLAR COLLAPSE / GOLD / SILVER / BITCOIN / ETHERIUM / CRYPTOCURRENCY / LITECOIN /FINANCIAL CRASH /. …

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Central Banks: From Coordination to Competition

2018-01-23

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2018-01-23

ECB, BoJ and BoE Buyings, 2008 - 2017
This is one reason why I anticipate "unexpected" disruptions in the global economy in 2018. The mere mention of "central banks" will likely turn off many readers who understandably have little interest in convoluted policies and arcane mumbo-jumbo, but bear with me for a few paragraphs while I make the case for something to happen in 2018 that will impact us all to some degree.

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RMR: Special Guest – Charles Hugh Smith – Of Two Minds (01/22/2018)

2018-01-22

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“V” and Charles have a great discussion regarding cryptocurrencies, the future of money and the current broken banking model. 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 …

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Emerging Markets: Week Ahead Preview

2018-01-22

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2018-01-22

EM FX ended last week on a soft note, but still enjoyed a relatively positive tone for the week as a whole. Best performers last week were MXN, ZAR, and CNY while the worst were ARS, TRY, and CLP. With little on the horizon to give the dollar some traction, we think EM FX will likely continue to firm this week. However, we again urge caution and look for divergences within EM.

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What About 2.62 percent?

2018-01-22

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2018-01-22

US Treasury Curve, Nov 2000 - 2006
There’s nothing especially special about 2.62%. It’s a level pretty much like any other, given significance by only one phrase: the highest since 2014. It sounds impressive, which is the point. But that only lasts until you remember the same thing was said not all that long ago.

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It’s Time to Retire “Capitalism”

2018-01-21

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2018-01-21

The Fruit of Financialization, 1980 - 2014
Our current socio-economic system is nothing but the application of force on the many to enforce the skims, scams and privileges of the self-serving few. I've placed the word capitalism in quotation marks to reflect the reality that this word now covers a wide spectrum of economic activities, very little of which is actually capitalism as classically defined.

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The Blatant Dishonesty of the ‘Boom’

2018-01-20

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2018-01-20

China Fixed Asset Investment, June 2013 - Dec 2017
Why do humans tend to behave in herds? It’s a fundamental question that only recently have researchers been able to better understand. On the one hand, it doesn’t take an advanced degree in some neurological science to see the basis behind it; survival for our ancestors often meant getting along with the crowd. There are times when that very trait applies still.

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U.S. Unemployment: The Dissonance Book

2018-01-20

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2018-01-20

US Federal Reserve, Jan 2010 - 2018
I’ve found the word “dissonance” has become more common in regular usage beyond just my own. Whether that’s a function of my limited observational capacities or something more meaningful than personal bias isn’t at all clear. Still, the word does seem to fit in economic terms more and more as we carry on uncorrected by meaningful context.

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Good or Bad, But Surely Not Transitory

2018-01-19

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2018-01-19

US Consumer Price Index, Dec 1997 - 2017
When Federal Reserve officials first started last year to mention wireless network data plans as a possible explanation for a fifth year of “transitory” factors holding back consumer price inflation, it seemed a bit transparent. One of the reasons for immediately doubting their sincerity was the history of that particular piece of the CPI (or PCE Deflator).

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Is Un-Humming A Word? It Might Need To Become One

2018-01-19

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2018-01-19

U.S. Industrial Production, Jan 1968 - 2018
Industrial Production in the US was up 3.6% year-over-year in December 2017. That’s the best for American industry since November 2014 when annual IP growth was 3.7%. That’s ultimately the problem, though, given all that has happened this year. In other words, despite a clear boost the past few months from storm effects, as well as huge contributions from the mining (crude oil) sector, American production at its best can only manage to reflect...

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Charles Hugh Smith–What’s Your Job Worth? #3845

2018-01-18

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Money & Work Unchainedm started when Charles asked himself: “When we dream of the future of our society, are we hoping for the right things?” The current conventional-wisdom view of our soon-to-be future is rose-tinted: automation will free millions of people from the drudgery of work, then by taxing the robots doing all the work, we can …

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China: FX reserves rise again

2018-01-18

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2018-01-18

According to the Chinese State Administration of Foreign Exchange (SAFE), China’s FX reserves amounted to USD3.14 trillion at end - December 2017, up USD20.7 billion from the previous month. This marks the 11th consecutive monthly increase in Chinese FX reserves since February 2017.

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Nous sommes colonisés par le numérique des multinationales américaines

2018-01-18

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2018-01-18

E-commerce
La révolution numérique est une réalité qui envahit tous les jours plus les sphères publiques et privées…. Qu’en est-il du commerce de détails? Les visuels ci-dessous nous montrent d’abord que certaines habitudes d’achats dans les commerces traditionnels sont maintenues.

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Retail Sales, Consumer Sentiment, And The Aftermath Of Hurricanes

2018-01-17

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2018-01-17

US Retail Sales in Feb 2016
Consumer confidence has been sky-high for some time now, with the major indices tracking various definitions of it at or just near highs not seen since the dot-com era. Economists place a lot of emphasis on confidence in all its forms, including that of consumers, and there is good reason for them to do so; or there was in the past.

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The Dea(r)th of Economic Momentum

2018-01-17

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2018-01-17

China Exports, Jan 2008 - Jan 2018
For the fourth quarter as a whole, Chinese exports rose by just less than 10% year-over-year. That’s the highest quarterly rate in more than three years, up from 6.3% and 6.0% in Q2 2017 and Q3, respectively. That acceleration is, predictably, being celebrated as a meaningful leap in global economic fortunes. Instead, it highlights China’s grand predicament, one that country just cannot seem to escape.

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Bi-Weekly Economic Review: A Weak Dollar Stirs A Toxic Stew

2018-01-16

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2018-01-16

We received several employment related reports in the first two weeks of the year. The rate of growth in employment has been slowing for some time – slowly – and these reports continue that trend. The JOLTS report showed a drop in job openings, hires and quits.

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Open borders: the long-term perks and pitfalls | The Economist

2018-01-15

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Open borders could see global GDP rocket, but free movement around the world could have its downsides. We imagine a borderless world Click here to subscribe to The Economist on YouTube: http://econ.st/2DfRSXX Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: http://econ.st/2DkJBC6 Check out The Economist’s full video catalogue: …

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Emerging Markets: Preview of the Week Ahead

2018-01-15

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2018-01-15

EM FX continues to rally as the dollar remains on its back foot. With no obvious drivers this week that might help the dollar, we believe EM FX can extend the recent gains. Still, we continue to advise caution when investing in EM, as differentiation should again become evident as idiosyncratic risks remain in play.

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The Fascinating Psychology of Blowoff Tops

2018-01-15

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2018-01-15

Dow Jones 2009 - 2017
The psychology of blowoff tops in asset bubbles is fascinating: let's start with the first requirement of a move qualifying as a blowoff top, which is the vast majority of participants deny the move is a blowoff top.

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