Category Archive: 5) Global Macro

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Why We’re Doomed: Our Economy’s Toxic Inequality

2017-08-20

Why are we doomed? Those consuming over-amped "news" feeds may be tempted to answer the culture wars, nuclear war with North Korea or the Trump Presidency. The one guaranteed source of doom is our broken financial system, which is visible in this chart of income inequality from the New York Times: Our Broken Economy, in One Simple Chart.

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United States: Still No Up

2017-08-19

by Jeffrey P. Snider

2017-08-19

The Asian flu of the late 1990’s might have been more accurately described as the Asian dollar flu. It was the first major global test of the mature eurodollar system, and it was a severe disruption in the global economy. It doesn’t register as much here in the United States because of the dot-com bubble and the popular imagination about Alan Greenspan’s monetary stewardship in general.

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L’impact de la délocalisation de la production sur la balance commerciale US.

2017-08-18

by Liliane Held-Khawam

2017-08-18

Industry Week Power of using Made in USA in marketing

Dans la série sur la balance des paiements et les zooms sur les balances commerciales, voici l’évolution de la balance commerciale américaine. Nous voyons clairement qu’elle était neutralisée à 0 durant l’ère où les devises du monde devaient être arrimées, selon les Accords de Bretton Woods, au dollar qui lui-même était partiellement couvert par l’or.

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Data Dependent: Interest Rates Have Nowhere To Go

2017-08-18

by Jeffrey P. Snider

2017-08-18

US Employment Cost Index, Jan 2001 - Aug 2017

In October 2015, Federal Reserve Vice Chairman Bill Dudley admitted that the US economy might be slowing. In the typically understated fashion befitting the usual clownshow, he merely was acknowledging what was by then pretty obvious to anyone outside the economics profession.

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Could virtual reality be the future for rollercoaster rides? | The Economist

2017-08-17

by The Economist

Could Virtual reality be the future for rollercoaster rides? Passengers are taken into a virtual world, wearing VR headsets while on a ride. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 The virtual reality ride faced a real challenge: how to stop passengers feeling sick? Any difference between what a passenger sees and …

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U.S. Export/Import: Losing Economic Trade

2017-08-17

by Jeffrey P. Snider

2017-08-17

The oil effect continued to recede in late spring for more than just WTI prices or inflation rates. US trade on both sides, inbound and outbound, while still positive has stalled since the winter.

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China: Losing Economic ‘Reflation’

2017-08-16

by Jeffrey P. Snider

2017-08-16

China Fixed Asset Investment Jul 2012-2017

If “reflation” was born last year in Japan, and I think it was, it was surely given its most tangible dimensions in China. The idea that the Bank of Japan was going to do something magnificent was perhaps always a longshot, but enough given the times for people to hope (sentiment) they might try (helicopter). The Chinese, however, have been relatively more pragmatic. Authorities began 2016 with an actual rather than imagined “stimulus” injection...

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Are We Already in Recession?

2017-08-16

by Charles Hugh Smith

2017-08-16

How shocked would you be if it was announced that the U.S. had just entered a recession, that is, a period in which gross domestic product (GDP) declines (when adjusted for inflation) for two or more quarters? Would you really be surprised to discover that the eight-year long "recovery," the weakest on record, had finally rolled over into recession?

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Bi-Weekly Economic Review: Ignore The Idiot

2017-08-15

by Joseph Y. Calhoun

2017-08-15

Of the economic releases of the past two weeks the one that got the most attention was the employment report. That report is seen by many market analysts as one of the most important and of course the Fed puts a lot of emphasis on it so the press spends an inordinate amount of time dissecting it.

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ALERT ! ! ! USA’S DAY OF ECONOMIC RECKONING 2017 – Charles Hugh SMITH

2017-08-14

by Charles Hugh Smith

Please Click Below to SUBSCRIBE for More “Special Report Radio” Subscribe & More Videos: https://goo.gl/1bvkco Thank for watching, Please Like Share And SUBSCRIBE!!! #dollarcollapse2017, #geraldcelente

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“Under Any Analysis, It’s Insanity”: What War With North Korea Could Look Like

2017-08-14

by Tyler Durden

2017-08-14

Now that the possibility of a war between the US and North Korea seems just one harshly worded tweet away, and the window of opportunity for a diplomatic solution, as well as for the US stopping Kim Jong-Un from obtaining a nuclear-armed ICBM closing fast, analysts have started to analyze President Trump’s military options, what a war between the US and North Korea would look like, and what the global economic consequences would be.

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La mondialisation de l’esclavage permet la croissance des entreprises. Dossier.

2017-08-13

by Liliane Held-Khawam

2017-08-13

Un Indien travaillant dans une fabrique de briques à l’extérieur de Calcutta, le 7 mai 2017. DIBYANGSHU SARKAR / AFP Nous avons parlé ces derniers temps d’excédents et de déficits de balances commerciales. Pourtant aucune rubrique de cette comptabilité de l' »intégration » d’un Etat dans le monde globalisé ne pénalise celui-ci en matière d’abus de travailleurs, voire d’esclavagisme. Pire, les abus sont en croissance. Il faut dire que l’affaire est...

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What the Mainstream Doesn’t Get about Bitcoin

2017-08-13

by Charles Hugh Smith

2017-08-13

The real demand for bitcoin will not be known until a global financial crisis guts confidence in central banks and politicized capital controls. I've been writing about cryptocurrencies and bitcoin for many years. For example: Could Bitcoin Become a Global Reserve Currency? (November 7, 2013) I am an interested observer, not an expert. As an observer, it seems to me that the mainstream--media, financial punditry, etc.--as a generality don't really...

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Oil Prices, CPI: Why Not Zero?

2017-08-13

by Jeffrey P. Snider

2017-08-13

In the early throes of economic devastation in 1931, Sweden found itself particularly vulnerable to any number of destabilizing factors. The global economy had been hit by depression, and the Great Contraction was bearing down on the Swedish monetary system. The krona had always been linked to the British pound, so that when the Bank of England removed gold convertibility (left the gold standard) from its notes on September 19 that year the Swedish...

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Emerging Markets: What has Changed

2017-08-12

by Win Thin

2017-08-12

Tensions on the Korean peninsula are still rising. Hong Kong boosted its 2017 growth forecast. S&P affirmed Israel’s A+ rating but moved the outlook from stable to positive. The corruption investigation against Israeli Prime Minister Netanyahu has intensified. South Africa's parliament voted down the no confidence motion against President Zuma. Argentina officials are taking steps to support the peso. Banco de Mexico has ended its tightening cycle.

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Real GDP: The Staggering Costs

2017-08-12

by Jeffrey P. Snider

2017-08-12

How do we measure what has been lost over the last ten years? There is no single way to calculate it, let alone a correct solution. There are so many sides to an economy that choosing one risks overstating that facet at the expense of another. It’s somewhat of an impossible task already given the staggering dimensions.

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Industrial Production: Irreführende Statistiken

2017-08-11

by Jeffrey P. Snider

2017-08-11

Germany Industrial Production, SA 1997-2017

Germany’s Federal Statistical Office (DeStatis) reported today disappointing figures for Industrial Production. The seasonally-adjusted series fell in June 2017 month-over-month for the first time this year, last declining in December 2016. The index had been on a tear, rising nearly 5% in the first five months of this year.

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SNB Balance Sheet, Markets and Economy: As Good As It Gets?

2017-08-10

by Joseph Y. Calhoun

2017-08-10

Late 2014/early 2015 will perhaps be the closest to a real recovery from the Great “Recession” we shall see in this cycle. Q1 2015 marked the peak year over year growth rate of GDP in this recovery at 3.76%. That rate compares quite unfavorably with even the feeble post dot com crash recovery high of 4.41% in Q1 2004.

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Vian Dakhil: Islamic State’s most-wanted woman | The Economist

2017-08-10

by The Economist

Vian Dakhil, the only Yazidi member of Iraq’s parliament, is fighting to save her people from the jihadists of Islamic State. WARNING UPSETTING CONTENT Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: http://films.economist.com/ Check out The Economist’s full …

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Oil Prices: The Center Of The Inflation Debate

2017-08-10

by Jeffrey P. Snider

2017-08-10

Real GDP in the Eurodollar Era 1993-2017

The mainstream media is about to be presented with another (small) gift. In its quest to discredit populism, the condition of inflation has become paramount for largely the right reasons (accidents do happen). In the context of the macro economy of 2017, inflation isn’t really about consumer prices except as a broad gauge of hidden monetary conditions.

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