Category Archive: 5) Global Macro
Could Inflation Break the Back of the Status Quo?
Political resistance to the oligarchy's financialization skimming operations will eventually cripple central bank giveaways to the financial sector and corporate oligarchs. That inflation and interest rates will remain near-zero for a generation is accepted as "obvious" by virtually the entire mainstream media.
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Daily Watch: mind-stretching short films from The Economist
Introducing Daily Watch: mind-stretching short films during the working week. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Check out Economist Films: http://films.economist.com/ Check out The Economist’s full video catalogue: http://econ.st/20IehQk Like The Economist on Facebook: https://www.facebook.com/TheEconomist/ Follow The Economist on Twitter: https://twitter.com/theeconomist Follow us on Instagram:...
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Ending a Taking Economy and Creating a Giving Economy Part 2
There no longer seems to be a rational alignment between economic cost and value. This means questioning so-called conventional wisdom and critically considering whether or not to own property or even to go to college.
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CHARLES HUGH SMITH | The Entire Economic System Is One Big Illusion
Today’s Guest: Charles Hugh Smith Website: Of Two Minds Books: Why Our Status Quo Failed And Is Beyond Reform . Economic collapse and financial crisis is rising any moment. Getting informed about collapse and crisis may earn you, or prevent to lose money. Do you want to . The Entire Economic System Is One Big …
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End Of The Bond Bull – Better Hope Not
It’s been really busy as of late to cover all of the topics I have wanted to address. One topic, in particular, is the bond market and the ongoing concerns of a “bond bubble” due to historically low interest rates in the U.S. and, by direct consequence, historically high bond prices.
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The Secrets of Self-Employment: Overhead and Capital Accumulation
There are still opportunities to not just earn a wage, but the overhead, profit and capital skimmed by global corporations. So how can someone earning $15 an hour as an employee get ahead? The short answer is: they can't. One worker earning $15/hour will struggle to get ahead, which I define as building capital that generates an income stream.
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Two Sets of Solutions as the Status Quo Crumbles
Two charts illustrate Why Our Status Quo Failed and Is Beyond Reform: this chart of the S-Curve of financialization, leverage, debt, central planning, regulatory capture and globalization--that is, the engines of modern "growth"--depicts the inevitable stagnation and decline of these dynamics as overcapacity, debt saturation and diminishing returns take hold.
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Ever wondered where Britain’s royal family go shopping? | The Economist
David Morgan Hewitt takes us on a Royal Warrant shopping experience, where he creates his very own perfume. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Passport is an original travel series for the intellectually and culturally curious, exploring some of the most exciting city destinations in the world. The insiders’ guide to …
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Fed GDP Projections
“It is not surprising the Fed once again failed to take action as their expectations for economic growth were once again lowered. In fact, as I have noted previously, the Federal Reserve are the worst economic forecasters on the planet.
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The Ruling Elite Has Lost the Consent of the Governed
Brimming with hubris and self-importance, the ruling Elite and mainstream media cannot believe they have lost the consent of the governed. Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed.
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Welcome to Neocolonialism, Exploited Peasants!
In my latest interview with Max Keiser, Max asked a question of fundamental importance: (I paraphrase, as the interview has not yet been posted): now that the current iteration of capitalism has occupied every corner of the globe, where can it expand to for its "growth"?
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Discover London: royal shopping and wild-swimming | The Economist
London is the most visited city destination in the world, but in PASSPORT three quirky locals will show you the hidden gems they think everyone should see – if only you know where to look. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Discover Hyderabad: https://youtu.be/K6R-WGOqjC0 Discover Colombo: https://youtu.be/4COeTrjB6hA Discover Buenos Aires: https://youtu.be/q0pMg6rvc0s …
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Financial Repression Is Now “In Play”
A FALLING MARKET CANNOT BE ALLOWED – at any cost! The Central Bankers have clearly painted themselves into a corner as a result of their self-inflicted, extended period of “cheap money”. Their policies have fostered malinvestment, excessive leverage and a speculative casino approach to investments. Investors forced to take on excess risk for yield and scalp speculative investment returns, must operate in an unstable financial environment ripe for...
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What Happens When Rampant Asset Inflation Ends?
Yesterday I explained why Revealing the Real Rate of Inflation Would Crash the System. If asset inflation ceases, the net result would be the same: systemic collapse. Why is this so? In effect, central banks and states have masked the devastating stagnation of real income by encouraging households to take on debt to augment declining income and by inflating assets via quantitative easing and lowering interest rates and bond yields to near-zero (or...
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Emerging Markets: Week Ahead Preview
EM FX gained a little traction on Friday, but capped a week of steady losses. As the US election and FOMC meeting next month get closer, we believe markets and risk appetite will remain volatile. So far, September data from the US does not suggest any urgency to hike in November, and so we continue to believe that December is most likely for another hike.
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Emerging Markets: What has Changed
Fitch upgraded Taiwan by a notch. Thailand has a new king. South Africa’s Finance Minister Gordhan has been summoned to appear in court to face charges. Brazil’s Congress voted to approve a constitutional amendment to freeze government spending in real terms for at least the next 10 years. Brazil’s Petrobras cut fuel prices and introduced a new pricing mechanism.
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Where Will All the Money Go When All Three Market Bubbles Pop?
Since the stock, bond and real estate markets are all correlated, it's a question with no easy answer. Everyone who's not paid to be in denial knows stocks, bonds and real estate are in bubbles of one sort or another. Real estate is either an echo bubble or a bubble that exceeds the previous bubble, depending on how attractive the market is to hot-money investors.
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Great Graphic: China’s PPI and Commodities
China's PPI rose for the first time in four years. It is related to the rise in commodities. Yet there are good reasons there is not a perfect fit between China's PPI and commodity prices. US and UK CPI to be reported next week, risk is on the upside.
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Ending a Taking Economy and Creating a Giving Economy (Part 1)
The world can no longer afford a taking economy, where “make a killing” is the motto. Together we need to create a giving and sharing economy that helps us all “make a living.” This essay will unveil the present unjust and unworkable economic system that punishes responsibility and rewards fraud.
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This Is How Quiet Fascism Works
So my little-visited Wikipedia entry was minding its own business, not bothering anyone, until I dared to criticize the Clinton Foundation. The next day, my Wikipedia entry was taken out and shot by a mysterious "editor." It was just coincidence, right, that my Wikipedia entry had been available for years without offending anyone, and then suddenly it's deleted the day after I dared to criticize the Clinton Foundation.
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