Category Archive: 5) Global Macro

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Why are women paid less than men? | The Economist

2017-12-14

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The gender pay gap is not caused by women earning less than men for the same job. It is largely because women choose different careers and suffer a “motherhood penalty”’. Click here to subscribe to The Economist on YouTube: http://econ.st/2Bnu9E9 Women who work full-time, still earn 15% less than men. But that’s not because they …

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[CHARLES HUGH SMITH] CRASH COMING – Three Bubbles! Strikes and You’re Out

2017-12-14

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How free electricity would change the world | The Economist

2017-12-13

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Imagine if heating and powering homes became free in the next decade. What would that mean for the world? Click here to subscribe to The Economist on YouTube: http://econ.st/2AjsewG Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: http://econ.st/2AkclGr Check out The Economist’s full video catalogue: http://econ.st/20IehQk Like The …

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Charles Hugh Smith Is America Approaching Hyperinflation?

2017-12-13

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Charles Hugh Smith talks about the disparity in the government’s CPI index that states the cost of living is less than 2% per year when reality is different.

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A Race To The Potential Behind Bitcoin

2017-12-13

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2017-12-13

The timing just never seems to fall in our favor. If we had had this conversation ten years ago as would have been appropriate, then this evolution might have fell perfectly in our collective laps. Just as the global financial system, really the international, interbank monetary system of the eurodollar, was crashing all around us, the genesis block of the Bitcoin blockchain was hard coded.

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Three Years Ago QE, Last Year It Was China, Now It’s Taxes

2017-12-13

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2017-12-13

China Manufacturing PMI, May 2007 - Nov 2017
China’s National Bureau of Statistics reported last week that the official manufacturing PMI for that country rose from 51.6 in October to 51.8 in November. Since “analysts” were expecting 51.4 (Reuters poll of Economists) it was taken as a positive sign. The same was largely true for the official non-manufacturing PMI, rising like its counterpart here from 54.3 the month prior to 54.8 last month.

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A Radical Critique of Universal Basic Income

2017-12-12

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2017-12-12

Money and Work
This critique reveals the unintended consequences of UBI. Readers have been asking me what I thought of Universal Basic Income (UBI) as the solution to the systemic problem of jobs being replaced by automation.To answer this question, I realized I had to start by taking a fresh look at work and its role in human life and society. And since UBI is fundamentally a distribution of money, I also needed to take a fresh look at our system of money.

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Less Retail Jobs, More Amazon Robots: Get Used To It

2017-12-12

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2017-12-12

Robots
When it comes to job creation in the United States, President Trump will be displeased to hear the latest findings from Quartz: 170,000 fewer retail jobs in 2017 - and 75,000 more Amazon robots. In November, we explained that while everyone likes to point the finger at Amazon, America’s retail apocalypse can’t be tied to just one catalyst (see: A Look At America’s Retail Apocalypse In Charts), however, fierce competition in the industry has induced...

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What Is Money? (Yes, We’re Talking About Bitcoin)

2017-12-11

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2017-12-11

What is money? We all assume we know, because money is a commonplace feature of everyday life. Money is what we earn and exchange for goods and services. Everyone thinks the money they’re familiar with is the only possible system of money—until they run across an entirely different system of money.

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Emerging Markets: Preview of the Week Ahead

2017-12-11

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2017-12-11

EM FX closed on a firm note, though most currencies were down for the entire week. TRY and ZAR outperformed, but we do not think that will be sustained. FOMC meeting this week will provide some event risk for EM.

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Giant Sucking Sound Sucks (Far) More Than US Industry Now

2017-12-11

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2017-12-11

Case Study in Conundrum, Jan 1997 - 2004
There are two possibilities with regard to stubbornly weak US imports in 2017. The first is the more obvious, meaning that the domestic goods economy despite its upturn last year isn’t actually doing anything positive other than no longer being in contraction. The second would be tremendously helpful given the circumstances of American labor in the whole 21st century so far. In other words, perhaps US consumers really are buying at a healthy pace,...

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Reduced Trade Terms Salute The Flattened Curve

2017-12-10

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2017-12-10

US Imports, Jan 2007 - 2017
The Census Bureau reported earlier today that US imports of foreign goods jumped 9.9% year-over-year in October. That is the second largest increase since February 2012, just less than the 12% import growth recorded for January earlier this year.

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Emerging Markets: What Changed

2017-12-09

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2017-12-09

China eased curbs on coal use for heating in the northern provinces to cope with colder weather. Poland announced a cabinet shuffle. Poland’s lower house approved the controversial judicial reform bill. President Trump announced that the US recognizes Jerusalem as Israel’s capital. Brazil COPOM was more dovish than expected after cutting rates 50 bp to 7.0%. Chile central bank cut its 2017 and 2018 inflation forecasts and shifted to a more dovish...

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Foreign aid: who gives the most, and where does it go? | The Economist

2017-12-08

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Rich countries are giving more in foreign aid than ever before. But which countries are the most generous? Click here to subscribe to The Economist on YouTube: http://econ.st/2AAzFCG Rich countries are giving away more in aid than at any other time on record. In 2016 more than $140bn was distributed around the world. According to …

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Bi-Weekly Economic Review: Who You Gonna Believe?

2017-12-07

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2017-12-07

We’ve had a pretty good run of data recently and with the tax bill passing the Senate one would expect to see markets react positively, to reflect renewed optimism about economic growth. We have improving economic data on pretty much a global basis. It isn’t a boom by any stretch of the imagination but there is no doubt that the rate of change has recently been more positive.

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North Korea’s nuclear threat in 2018 | The Economist

2017-12-06

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North Korea claims it can now launch missiles that can hit anywhere in mainland America. But in 2018 could the war of words between Kim Jong Un and Donald Trump spiral into nuclear catastrophe? Click here to subscribe to The Economist on YouTube: http://econ.st/2AAPWW3 In April 2018, North Korea will hold a national celebration to …

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Shows Where To Invest When Almost Everything Is A Bubble CHARLES HUGH SMITH

2017-12-06

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Please click above to subscribe to my channel Thanks for watching! Financial News Silver News Gold Bix Weir RoadToRoota Road To Roota Kyle Bass Realist . Subscribe & More Videos: Thank for watching, Please Like Share And SUBSCRIBE!!! #jimrickards, #maneco64. Please Click Below to SUBSCRIBE for More Special Reports Videos Thanks for watching! Please click …

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The Cost Basis of our Economy is Spiraling Out of Control

2017-12-06

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2017-12-06

US Healthcare Spending, 1960 - 2010
What will it take to radically reduce the cost basis of our economy? If we had to choose one "big picture" reason why the vast majority of households are losing ground, it would either be the stagnation of income or the spiraling out of control cost basis of our economy, that is, the essential foundational expenses of households, government and enterprise.

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A plan for Palestine’s peace and prosperity | The Economist

2017-12-04

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Can Palestine become a prosperous and peaceful region? Munib al-Masri is the richest Palestinian in the world and he has a four-point plan to rebuild his homeland. Click here to subscribe to The Economist on YouTube: http://econ.st/2ATg55H This man is known as “The Godfather of Palestine’. He’s a self made billionaire. Munib al-Masri is the …

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Emerging Markets: Preview of the Week Ahead

2017-12-04

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2017-12-04

EM FX ended the week on a mixed note. US jobs data may refocus market attention on Fed tightening. Most EM inflation readings this week are expected to show easing price pressures, supporting a dovish EM central bank outlook. The major exceptions are Mexico and Turkey, whose central banks may be forced to tighten policy in the coming weeks.

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