Category Archive: 5) Global Macro

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August Retail Sales Surprise To The Upside, Because They Were Down?

2021-09-17

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2021-09-17

According to the movie The Princess Bride, the worst classic blunder anyone can make is to get involved in a land war in Asia. No kidding. The second is something about Sicilians and death. There is also, I’ve come to learn, an unspoken third which cautions against chasing down and then trying to break down seasonal adjustments in economic data.Some things are best left just as they are published.

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The U.S. Consumer Is Fine: Picet Wealth Management

2021-09-16

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Sep.16 -- Thomas Costerg, senior U.S. economist at Pictet Wealth Management, says he ignores U.S. consumer surveys. He says the U.S. consumer is fine and can withstand headwinds like the Delta variant and the end of QE. He's on "Bloomberg Surveillance."

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The Illusion of Getting Rich While Producing Nothing

2021-09-16

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2021-09-16

By incentivizing speculation and corruption, reducing the rewards for productive work and sucking wages dry with inflation, America has greased the skids to collapse.

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The U.S. Economy In a Nutshell: When Critical Parts Are On “Indefinite Back Order,” the Machine Grinds to a Halt

2021-09-15

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2021-09-15

A great many essential components in America are on 'indefinite back order', including the lifestyle of endless globally sourced goodies at low, low prices. Setting aside the "transitory inflation" parlor game for a moment, let's look at what happens when critical parts are unavailable for whatever reason, for example, they're on back order or indefinite back order, i.e. the supplier has no visibility on when the parts will be available.

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Weekly Market Pulse (VIDEO)

2021-09-14

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2021-09-14

Alhambra CEO Joe Calhoun responds to questions about a slowing economy, long-term economic impacts of COVID, stock prices and the business cycle.

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The Banality of (Financial) Evil

2021-09-13

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2021-09-13

The financialized American economy and State are now totally dependent on a steady flow of lies and propaganda for their very survival. Were the truth told, the status quo would collapse in a putrid heap.

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From 9/11 to covid-19: can New York recover? | The Economist

2021-09-11

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As New Yorkers commemorate the 20th anniversary of 9/11, they are also contemplating how to recover from covid-19. After 9/11, New York came back stronger—so what lessons can the city's leaders learn from that success to help the city bounce back today? 00:00 Can New York learn from 9/11? 00:33 Remembering 9/11 with Jon Fasman 02:45 Rebuilding after 9/11 06:48 Supporting small businesses during the pandemic 09:28 The age-old problem of racism...

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Please Don’t Pop Our Precious Bubble!

2021-09-09

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2021-09-09

It's a peculiarity of the human psyche that it's remarkably easy to be swept up in bubble mania and remarkably difficult to be swept up in the same way by the bubble's inevitable collapse.

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Weekly Market Pulse (VIDEO)

2021-09-08

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2021-09-08

Alhambra CEO Joe Calhoun talks about last week’s surprising market reaction to the unemployment numbers and why it’s important to study the bond market.

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What’s Real Behind Commodities

2021-09-08

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2021-09-08

Inflation is sustained monetary debasement – money printing, if you prefer – that wrecks consumer prices. It is the other of the evil monetary diseases, the one which is far more visible therefore visceral to the consumers pounded by spiraling costs of bare living. Yet, it is the lesser evil by comparison to deflation which insidiously destroys the labor market from the inside out.

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Covid-19: how tech will transform your kids’ education | The Economist

2021-09-03

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The pandemic not only disrupted education—it also thrust technology onto a sector which historically has been slow to adopt it. Will classrooms ever be the same again? 00:00 How the pandemic has affected education. 03:08 Why the education sector has been slow to adopt technology. 05:02 Technology helps children have a personalised learning experience. 07:50 How technology can help teachers 09:08 Could remote learning be here to stay? Read more...

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SMART BOURSE – L’invité de la mi-journée : Thomas Costerg (Pictet WM)

2021-08-30

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Lundi 30 août 2021, SMART BOURSE reçoit Thomas Costerg (Économiste sénior US, Pictet WM)

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Covid-19: Can vaccines keep up with variants? | The Economist

2021-08-27

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The race between covid-19 vaccines and variants is on. Alok Jha, The Economist’s science correspondent, and Natasha Loder, health policy editor, discuss what this means for the future Read more of our coverage on coronavirus: https://econ.st/3t1L6wx Listen to our daily podcast, Gamechangers, on mRNA technology: https://econ.st/38cSewe Listen to “The Jab” podcast from Economist Radio: https://econ.st/3yuETKF Watch our film about mandatory...

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Charles Hugh Smith on Secular Inflation

2021-08-26

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Http://financialrepressionauthority.com/2021/08/26/the-roundtable-insight-charles-hugh-smith-on-secular-inflation/

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Hydrogen: fuel of the future? | The Economist

2021-08-25

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It’s been hailed as fuel of the future. Hydrogen is clean, flexible and energy efficient. But in practice there are huge hurdles to overcome before widespread adoption can be achieved. 00:00 How hydrogen fuel is generated. 02:04 How hydrogen fuel could be used. 02:46 Why hydrogen fuel hasn't taken off in the past. 03:40 Is hydrogen fuel safe? 04:31 Hydrogen's advantage over batteries. 05:00 How sustainable is hydrogen fuel? 06:13 Why the hype...

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The Upside of a Stock Market Crash

2021-08-24

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2021-08-24

A drought-stricken forest choked with dry brush and deadfall is an apt analogy. While a stock market crash that stairsteps lower for months or years is generally about as welcome as a trip to the guillotine in Revolutionary France, there is some major upside to a crash.

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SMART BOURSE – L’invité de la mi-journée : Thomas Costerg (Pictet WM)

2021-08-23

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Lundi 23 août 2021, SMART BOURSE reçoit Thomas Costerg (Économiste sénior US, Pictet WM)

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The Smart Money Has Already Sold

2021-08-19

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2021-08-19

Generations of punters have learned the hard way that their unwary greed is the tool the 'Smart Money' uses to separate them from their cash and capital.

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Afghanistan: how the Taliban weakened America | The Economist

2021-08-18

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The Taliban’s swift return to power in Afghanistan has shocked the world and humiliated America. What effect will this have on the international standing of the US and on global security? Our experts answer your questions. Further content: Find more of our coverage on Asia: https://econ.st/3srkBjq Read more about the Taliban’s terrifying triumph in Afghanistan:https://econ.st/3stoa91 Joe Biden is shirking responsibility for Afghanistan:...

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Taper *Without* Tantrum

2021-08-17

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2021-08-17

Whomever actually coined the term “taper”, using it in the context of Federal Reserve QE for the first time, it wasn’t actually Ben Bernanke. On May 22, 2013, the central bank’s Chairman sat in front of Congressman Kevin Brady and used the phrase “step down in our pace of purchases.” No good, at least from the perspective of a media-driven need for a snappy one-word summary.

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