Category Archive: 5) Global Macro

Systemic Risks Abound

For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby. There are two consequential results of the Fed as savior: The Fed has perfected moral hazard. Organic (i.e. non-manipulated) market forces have been extinguished.

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FOMO Is Loco

We can also posit a general rule that those who inherit wealth and succumb to FOMO are eventually less wealthy while those who are wealthy and take a pass on FOMO / hoarding at the top of the manic frenzy increase their wealth.

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Fed to Treasury Dealers and Congress: We Can’t Count On You, We’re Taking Charge

The Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient "saves" of a system that is unraveling due to its fragility and brittleness.

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How covid-19 exposes systemic racism in America | The Economist

Black people in America are twice as likely to die from covid-19 as white people. This highlights the country’s ongoing struggle with structural racism, as our experts explain Sign up to our weekly American politics newsletter “Checks and Balance,” to keep up to date: https://econ.st/3vlemOX Read our special report on race in America: https://econ.st/2QOtjKs George Floyd’s legacy, a year since his murder: https://econ.st/3oKjx8A How...

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Charles Hugh Smith on the Era of Accelerating Expropriations

Http://financialrepressionauthority.com/2021/05/20/the-roundtable-insight-charles-hugh-smith-on-the-era-of-accelerating-expropriations/

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How to deal with big tech | The Economist

Senator Amy Klobuchar is leading a crusade against big-tech giants such as Apple, Amazon, Microsoft, Facebook and Google. These companies dominate the S&P 500 and wield a huge amount of influence. Should they be broken up? Read more here: https://econ.st/3bK8w1U 00:00 - Problems with big tech 01:07 - The effect of business monopolies 02:28 - How to rein in big tech firms 04:45 - Could regulation harm consumers? 06:45 - Epic Games v Apple...

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

Jeudi 20 mai 2021, SMART BOURSE reçoit Thomas Costerg (Économiste sénior US, Pictet WM)

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Sickcare is the Knife in the Heart of Employment–and the Economy

We need to change the incentives of the entire system, not just healthcare, but if we don't start with healthcare, that financial cancer will drag us into national insolvency all by itself. American Healthcare is a growth industry in the same way cancer is a growth industry: both keep growing until they kill the host, which in the case of healthcare is the U.S. economy. While a great many individuals in the system care about improving the...

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Fortnite to far right: the rise of digital extremism | The Economist

In America, far-right extremism is now considered a greater domestic threat than Islamist terrorism. The pandemic has exacerbated the spread of white supremacism and neo-nazism, which are a plague to global security.

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Why Wage Inflation Will Accelerate

The Fed has created trillions out of thin air to boost the speculative wealth of Wall Street, but it can't print experienced workers willing to work for low wages. The Federal Reserve is reassuring us daily that inflation is temporary, but allow me to assure you that wage inflation is just getting started and will accelerate rapidly.

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Covid-19: how many people have died? | The Economist

Officially, covid-19 has killed 3m people around the world. But statistical modelling from The Economist suggests the number could be as much as four times higher. Chapters 00:00 - How accurate is the official death toll? 01:25 - How to calculate the real death toll 02:10 - How to calculate India’s death toll? 03:25 - Where has the death toll been underreported? 04:14 - Where are excess deaths lower than expected? 05:06 - India’s second wave...

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The ‘Take This Job and Shove It’ Recession

So hey there Corporate America, the Fed and your neofeudal cronies: take this job and shove it. This time it really is different, but not in the way the Wall Street shucksters are claiming.

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Is Myanmar a failed state? | The Economist

Myanmar is on the brink of collapse. Its armed forces are continuing a brutal crackdown—arresting, torturing and killing protesters—as Aung San Suu Kyi, Myanmar’s de-facto leader, is detained. Our experts answer your questions. Chapters 00:00 - What will happen to Aung San Suu Kyi? 02:15 - What are India and China doing? 03:37 - Should the West intervene? 05:25 - What’s happening to the Rohingya refugees? 07:16 - How will Myanmar’s neighbours be...

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Here’s How ‘Everything Bubbles’ Pop

At long last, the moment you've been hoping for has arrived: you're pitching your screenplay to a producer. Your agent is cautious but you're confident nobody else has concocted a story as outlandish as yours. Your agent gives you the nod and you're off and running:

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Could digital currencies put banks out of business? | The Economist

Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking. Read our special report, “The Future of Banking” : https://econ.st/3tuTT8y Sign up to our newsletter to keep up to date: https://econ.st/3a6aZmv Read more of our coverage on Finance & Economics: https://econ.st/3b0g3cs Listen to...

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Hey Fed, Explain Again How Making Billionaires Richer Creates Jobs

Despite their hollow bleatings about 'doing all we can to achieve full employment', the Fed's policies has been Kryptonite to employment, labor and the bottom 90%--and most especially to the bottom 50%, the working poor that one might imagine most deserve a leg up. As wealth and income inequality soar to new heights thanks to the Federal Reserve's policies of zero interest rates, money-printing and financial stimulus, the Fed says its goal...

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

Jeudi 6 mai 2021, SMART BOURSE reçoit Thomas Costerg (Économiste sénior US, Pictet WM)

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Is Taiwan part of China? | The Economist

Taiwan’s sovereignty has been a disputed issue for centuries. Though the island sees itself as independent, China insists it is part of the People’s Republic and has not ruled out taking Taiwan by force. That could ignite an all-out war between American and China. Sign up to our newsletter to keep up to date: https://econ.st/3a6aZmv Read all of our Asia coverage: https://econ.st/2QDDDEJ Listen to Intelligence’s daily podcast “Scared strait:...

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Jeff Snider Just Emailed Me…(You Won’t Believe What He Said)

Jeff Snider Just Emailed Me...(You Won't Believe What He Said)

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What’s Yours Is Now Mine: America’s Era of Accelerating Expropriation

The takeaway here is obvious: earn as little money as possible and invest your surplus labor in assets that can't be expropriated. Expropriation: dispossessing the populace of property and property rights, via the legal and financial over-reach of monetary and political authorities.

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