Category Archive: 5) Global Macro

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The Secrets of Self-Employment: Overhead and Capital Accumulation

2016-10-25

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2016-10-25

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

2016-10-24

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2016-10-24

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

2016-10-24

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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

2016-10-23

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2016-10-23

“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

2016-10-23

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2016-10-23

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!

2016-10-23

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2016-10-23

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

2016-10-21

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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”

2016-10-20

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2016-10-20

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?

2016-10-19

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2016-10-19

GDP - Median Household Income
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

2016-10-17

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2016-10-17

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

2016-10-17

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2016-10-17

Stock Markets Emerging Markets October 12
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?

2016-10-16

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2016-10-16

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

2016-10-14

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2016-10-14

China Producer Price Inflation
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)

2016-10-14

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2016-10-14

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

2016-10-13

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2016-10-13

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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USA 2017-2020: An Ungovernable Nation?

2016-10-10

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2016-10-10

The U.S. needs to overthrow a corrupt, self-serving elite. Regardless of who wins the presidency, a much larger question looms: will the U.S. be ungovernable 2017-2020? There are multiple sources of the question.

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Emerging Markets: Week Ahead Preview

2016-10-09

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2016-10-09

Despite the weaker than expected US jobs report, the dollar remains firm and EM is ending the week on a soft note. The main culprit was higher US rates, with the 2-year yield moving up to 0.85% and is the highest since early June. Concerns about Brexit impact and as well the health of European banks remain ongoing and could weigh on risk sentiment this coming week. Lastly, oil may come under more pressure after Russia said it sees no deal with...

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Charles Hugh Smith 2016 The Entire Economic System Is One Big Illusion

2016-10-08

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Today’s Guest: Charles Hugh Smith Website: Of Two Minds Books: Why Our Status Quo Failed And Is Beyond Reform . Charles Hugh Smith 2016 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 . Charles Hugh Smith …

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Emerging Markets: What has Changed

2016-10-08

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2016-10-08

In the EM equity space as measured by MSCI, Brazil (+5.3%), Czech Republic (+4.4%), and Hungary (+3.0%) have outperformed this week, while Peru (-3.3%), UAE (-2.2%), and South Africa (-1.4%) have underperformed.  To put this in better context, MSCI E...

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It’s Time We Crush the Putrid Roach Motels of Philanthro-Crony-Capitalism, Starting with the Clinton Foundation

2016-10-05

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2016-10-05

Granted, the fantasy of philanthrocapitalism is appealing: take a bunch of fabulously successful entrepreneurial billionaires, grant their foundations tax-free status, and then unleash them on the world as philanthropists who will solve problems by applying the incentives of capitalism.

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