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Category Archive: 5) Global Macro

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Will the Dollar Appreciate on higher U.S. Savings and a Smaller Trade Deficit?

2014-07-12

by George Dorgan

2014-07-12

In summer 2013, even the sceptical and "gold-friendly" economist John Mauldin followed the mainstream thinking that fracking and other technology could reduce OPEC's and the Chinese advantage in global trade and reduce the U.S. trade deficit. Recently both claims got refuted: the first with WTI crude oil prices rising to nearly 108$ despite enhanced supply. Detailed data showed that rising U.S. industrial production was not caused by more...

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Charles Hugh Smith–Era Of The Lawless Presidency 20.Jun.14

2014-06-22

by Charles Hugh Smith

Charles Hugh Smith has written recently about the two Most Destructive Presidencies in U.S. History: George W. Bush and Barack H. Obama. Powers once granted are almost impossible to take back. After 13.5 years, there is more than enough evidence for reasonable people to conclude that the presidencies of George W. Bush and Barack H. …

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Global Inflation Spikes Up, Are You Sure About What You Are Doing Mr Draghi?

2014-06-04

by George Dorgan

2014-06-04

The European Central Bank (ECB) has the habit of reacting late. As seen in July 2008 and July 2011, the ECB is often the last major central bank to hike rates. They hike rates at the moment when others prepare for a recession or a significant slowing. Currently we are witnessing the opposite movement: The world is getting … Continue...

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Labor Participation Rates: Falling in the Ageing U.S., Rising in Ageing Germany and Crisis-Hit Italy

The most effective ways of measuring employment is by looking at the Labor Participation Rate. We compare the participation rates of the United States, Canada, the U.K., Germany and Italy.

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Charles Hugh Smith: Entrepreneur Skills A Must for Any Job

2014-05-25

by Charles Hugh Smith

Jason Burack of Wall St for Main St interviewed economic blogger and author Charles Hugh Smith from the popular blog Of Two Minds http://www.oftwominds.com/blog.html . Charles’ blog was voted as the #7 best alternative financial blog websites by CNBC. Charles also has a new book out about entrepreneurship, jobs and careers called, Get a Job, …

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Stagnating Salaries as Main Reason for the British Home Price Boom

2014-05-21

by George Dorgan

2014-05-21

The major reason for rising British and American home prices is for us the relatively new phenomenon that they are to able to finance at cheap rates. Swiss or Germans have seen relatively low mortgage rates for more than three decades (with a short exception in the mid 1990s after the German reunification). The main driver of low rates …

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The Decline of Small Business and the Middle Class

The U.S. economy has become less entrepreneurial over time

The only way to not just survive but thrive as an entrepreneurial enterprise is to destroy fixed costs and labor overhead. It is not coincidental that the middle class and small business are both in decline.

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America’s Nine Classes: The New Class Hierarchy

Eight of the nine classes are hidebound by conventions, neofeudal and neocolonial arrangements and a variety of false choices. There are many ways to slice and dice America's power/wealth hierarchy. The conventional class structure is divided along the lines of income, i.e. the wealthy, upper middle class, middle class, lower middle class and the poor.

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Russia, Europe, and the new international order

2014-04-11

by Guest Post

2014-04-11

By Josef Janning – 09 Apr 14 Via the European Council of Foreign Relations. The premise of an international order defined by the West and shared by the rest has been shown to be faulty. Ever since the Soviet Union fell apart and nationalism re-emerged as a divisive as well as cohesive factor in Eastern … Continue reading...

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Krimkonflikt: Über die Gleichschaltung der deutschen Medien

2014-03-18

by George Dorgan

2014-03-18

Der Propagandakrieg in Russland, in den USA und insbesondere in Deutschland und auch in der Schweiz geht weiter. Russische Medien trichtern den Menschen ein, dass eine riesige Flüchtlingswelle von Russen aus der Ukraine stattfindet. Deutsche Medien sind gleichgeschaltet: von links (TAZ, Spiegel, Stern) bis rechts (FAZ, n-tv.de und Welt) trichtern sie den Deutschen ein, dass …

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Jeff Snider – “Ah, Pescator!”

2014-03-05

by Jeffrey P. Snider

The Italian Club of Dallas, February 28, 2014

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Labor Costs to Total Expenses, Global Comparison

social insurance labor taxes of total manufacturing, uk, switzerland, norway, japan, australia, netherlands, us, austria, spain, italy, france, sweden, brazil

The conflict between labor and capital is a long and illustrious one, and one in which ideology and politics have played a far greater role than simple economics and math.

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Ukraine: About Street-Elected Overthrowers and Democratically Elected Dictators

2014-02-23

by George Dorgan

2014-02-23

ukraine linguistic and presidential candidates

It only needs a few years until democratically elected presidents become so-called “tyrants” and “dictators”. The bad economic situation in many emerging markets and Russia, and therefore also in Ukraine, has taken its toll. Demonstrators and Ukrainian nationalists toppled a president that has a Russian mother tongue. But Yanukovych was a protector of the country’s …

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Last Week’s Sell-Off: More on the Discrepancy between Developed and Emerging Markets

2014-01-27

by George Dorgan

2014-01-27

Last week’s decline in stock markets was probably caused by the HSBC manufacturing PMI for China that contracted for the first time in months, and possibly also by the rapid fall of UK unemployment rates and Bank of England’s response to it. As the rising gold price showed, Fed “tapering fears” were not at the …

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