Category Archive: 5) Global Macro
Emerging Markets: What has Changed
Philippine Environment Department suspended 5 mines and closed 21 after a nationwide audit. The Turkish central bank raised its end-2017 forecast from 6.5% to 8% due largely to the weak lira. Central Bank of Turkey finally got around to releasing the schedule of its MPC meetings this year. Fitch downgraded Turkey last Friday to sub-investment grade BB+, as expected. Allies of Brazil President Michel Temer now head up both houses of congress. Press...
Read More ยป
Read More ยป
What Would a Labor-Centered Economy Look Like?
How about moving the power to create money from the apex of the pyramid down to its lowest level? Let's spend a moment deconstructing the word "capitalism." Note it contains the word Capital. So far so good. Obviously the key concept here is capital. So what is "capital"? It turns out there are multiple kinds of capital. The most familiar kinds are tangible: cash, orchards, factories, water rights, tools, and so on.
Read More ยป
Read More ยป
Donald Trumpโs tough phone call, as drawn by our cartoonist KAL
America’s president Donald Trump and Australian Prime Minister Malcolm Turnbull have been facing questions about their “frank and forthright” phone call at the weekend. Our cartoonist, Kal, listens in to the next call on the president’s list. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Daily Watch: mind-stretching short films every day of …
Read More ยป
Read More ยป
GSR interviews CHARLES HUGH SMITH โ Feb 2, 2017 Nugget
GoldSeek Radio’s Chris Waltzek talks to Charles Hugh Smith from Of Two Minds http://www.oftwominds.com/blog.html http://www.goldseek.com/ http://radio.goldseek.com/
Read More ยป
Read More ยป
Why Our System Is Broken: Cheap Credit Is King
You want to fix the economic system, reduce political bribery and reduce rising income inequality? Shut off the cheap unlimited credit spigot to banks, financiers and corporations. Cheap credit--newly issued money that can be borrowed at low rates of interest--is presented as the savior of our economic system, but in reality, it's why our system is broken.
Read More ยป
Read More ยป
A new environmental idea to do away with waste | The Economist
A project in the Philippines is turning decayed fishing nets into the raw materials for a carpet tile manufacturer in Britain, reusing rather than disposing of what was once thought of as rubbish. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 This is ground zero for new thinking on waste – beyond recycling …
Read More ยป
Read More ยป
The Earth Circle: making environmentalism pay its way | The Economist
Making waste a thing of the past, new ideas on the environment are reusing or regenerating raw materials so that they pay dividends for business as well as the planet. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 In one of the poorest areas of the world, a revolutionary project taking waste, the …
Read More ยป
Read More ยป
A Supreme Court schism | The Economist
Tonight Americaโs president Donald Trump will announce on primetime television his first nominee to the Supreme Court. Our word of the day presages the clashes that are set to follow. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Daily Watch: mind-stretching short films every day of the working week. For more from Economist …
Read More ยป
Read More ยป
Why are the Baltic states so rattled?
This week, soldiers from Germany and Belgium are settling into a new posting in Lithuania as part of the latest NATO troop deployment. Will their hostsโand the regionโfeel more secure as a result of their presence? Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 NATO member countries Estonia, Latvia and Lithuania are feeling …
Read More ยป
Read More ยป
Emerging Markets: Preview of the Week Ahead
EM was truly mixed last week, pulled in both directions by both idiosyncratic risks and global developments. MXN, BRL, and ZAR were the best performers on the week, while TRY, HUF, and RON were the worst. MXN gained despite signs that Trump will maintain a bellicose stance towards Mexico, but we think the peso remains vulnerable to further selling.
Read More ยป
Read More ยป
Emerging Markets: What has Changed
Press reports suggest that Chinaโs central bank has ordered banks to limit new loans in Q1. Fitch revised the outlook on Nigeriaโs B+ rating from stable to negative. Russia announced details of the FX purchase plan. Brazilโs central bank confirmed it will simplify the reserve requirement system for banks. S&P cut the outlook on Chileโs AA- rating from stable to negative.
Read More ยป
Read More ยป
Ein Macher im Weiรen Haus
Donald Trump sagt den alten Eliten den Kampf an. Europas Bรผrokraten mรผssen sich warm anziehen. Kรผrzlich stellte der Hedgefonds-Mogul Ray Dalio eine Analyse des Fรผhrungsteams von Donald Trump ins Netz (โReflections on the Trump Presidency, One Month after the Electionโ).
Read More ยป
Read More ยป
Arab Spring revisitedโthe battle for democracy in Egypt | The Economist
Six years ago the biggest revolution of the Arab Spring sent shockwaves across the Arab world. The Egyptian revolution was a demand by its people for โbread, freedom and social justiceโโbut the country has a long way to go to achieve those objectives. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 This week …
Read More ยป
Read More ยป
The Agenda: Margrethe Vestager on Europe | The Economist
Margrethe Vestager, European Commissioner for Competition, shares her views on an isolated Brussels at the centre of a Europe in the midst of upheaval. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 THE AGENDA explores the defining questions of our time and seeks out the stories, solutions and the personalities who might just …
Read More ยป
Read More ยป
China Says It Is Ready To Assume “World Leadership”, Slams Western Democracy As “Flawed”
Over the weekend China used the Trump inauguration to warn about the perils of democracy, touting the relative stability of the Communist system as President Xi Jinping heads toward a twice-a-decade reshuffle of senior leadership posts.
Read More ยป
Read More ยป
The Collapse of the Left
The Left is not just in disarray--it is in complete collapse because the working class has awakened to the Left's betrayal and abandonment of the working class in favor of building personal wealth and power. The source of the angry angst rippling through the Democratic Party's progressive camp is not President Trump--it's the complete collapse of the Left globally. To understand this collapse, we turn (once again) to Marx's profound understanding...
Read More ยป
Read More ยป
The evolution of taxation by our cartoonist KAL
It wasn’t always cold hard cash that the taxman was after. Our cartoonist looks at how tax has evolved through the ages. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Most modern societies employ some sort of taxation, but taxes have not always involved money. The ancient Chinese paid their taxes with pressed …
Read More ยป
Read More ยป
Emerging Markets: Preview for the Week Ahead
EM FX ended last week on a firm not, led by a huge MXN rally on Inauguration Day. We believe that the peso rally was largely driven by positioning and technicals, and so we view Fridayโs gains as a correction since the fundamental outlook remains unchanged. Indeed, we think the broader EM rally will be short-lived too, as US interest rates remain elevated. The 10-year yield flirted with the 2.5% level, and we believe it will eventually head even...
Read More ยป
Read More ยป
25 Years of Neocon-Neoliberalism: Great for the Top 5 percent, A Disaster for Everyone Else
It cannot be merely coincidental that the incomes and wealth of the top 5% have pulled away from the stagnating 95% in the 25 years dominated by neocon-neoliberalism. One unexamined narrative I keep hearing is: "OK, so neocon-neoliberalism was less than ideal, but Trump could be much worse." Let's start by asking: would Syrian civilians agree with this assessment?
Read More ยป
Read More ยป
The Central Bankers Are Going To Shutoff The Spigot And The Economy Will Rollover:Charles Hugh
Today’s Guest: Charles Hugh Smith Websites: Of Two Minds http://www.oftwominds.com http://charleshughsmith.blogspot.com/ Books: All of his books can be found on his website. Why Our Status Quo Failed and Is Beyond Reform Get a Job, Build a Real Career… Why Things Are Falling Apart and What We Can Do About It A Radically Beneficial World Most …
Read More ยป
Read More ยป



























