Category Archive: 5) Global Macro

Filter archive by: Show All Show only Articles Show only Videos

Olympic champion Edwin Moses on covid-19, race and trans athletes | The Economist Podcasts

2020-07-31

by

The coronavirus pandemic has derailed the Tokyo 2020 Olympics, but that’s not the only problem facing world sport. The Economist Asks podcast spoke to Edwin Moses, former hurdling gold medalist, about doping, race relations and the inclusion of transgender athletes in the Olympics. Further reading: Listen to the full podcast with Edwin Moses here: https://econ.st/2P8SrHp Find The Economist’s most recent coverage of covid-19 here:...

Read More »

That’s Probably Why Only Half a “V”

2020-07-31

by

2020-07-31

IHS Markit US Composite, 2018-2020
Why only half a “V?” If the latest PMI’s are anywhere close to accurate, and they don’t have to be all that close, then the production side of the economy may have stalled out somewhere nearer the trough of this contraction. The promise of May’s big payroll report surprise has dissipated in more than just the bond market.

Read More »

Dollar Weak Ahead of Likely Dovish Hold from the Fed

2020-07-30

by

2020-07-30

US and Germany Yields
The FOMC decision today is likely to deliver a very dovish tone; the dollar tends to weaken on FOMC decision days. Tensions about the latest US stimulus bill are rising; core bond yields have been remarkably stable over the last several months.

Read More »

? Charles Hugh Smith | Economic analysis with what is happening

2020-07-29

by

Charles Hugh Smith | Economic analysis with what is happening These are the kind of sharp economic analysis that is missing from Charles on the Axis of Easy salons.

Read More »

The Nation Is Falling Into the Abyss Between Wall Street and Main Street

2020-07-29

by

2020-07-29

Student Loans Owned and Securitized, 2008-2020
The abyss between the Fed's illusion of phantom wealth for Wall Street and the collapse of Main Street is bottomless, and our descent into the abyss is accelerating. I know this runs counter to every dominant narrative, but a vaccine doesn't really matter, opening up doesn't really matter, and the size of the "free money" stimulus checks doesn't matter.

Read More »

Dollar Stabilizes but Further Losses Likely

2020-07-29

by

2020-07-29

Dollar YTD Performance, 2020
The dollar is stabilizing today but further losses are likely. Senate Republicans have proposed a sharp cut to weekly unemployment benefits; Senator Collins will oppose Judy Shelton’s nomination to the Fed. Regional Fed manufacturing surveys for July will continue to roll out; early July reads for the US economy support our view that Q3 is off to a rocky start.

Read More »

Dollar Remains Under Pressure as European Outlook Shines

2020-07-28

by

2020-07-28

US Inflation Expectations, 2019-2020
The outlook for risk assets remains uncertain; the dollar continues to make new lows; the uncertain outlook continues to propel gold and silver higher. The next round of stimulus in the US is proving to be difficult; regional Fed manufacturing surveys for July will continue to roll out. German July IFO survey came in better than expected; eurozone June M3 rose 9.2% y/y vs. 8.9% in May.

Read More »

A Tactical Update: Whither Goest The Dollar

2020-07-28

by

2020-07-28

Our Fortress strategic asset allocation includes 5 distinct asset classes: The Fortress allocation has historically produced better risk-adjusted returns than the traditional 60% stocks/40% bonds allocation.

Read More »

US Stall? Only Half The Imagined “V” May Indicate One, Too

2020-07-27

by

2020-07-27

IHS Markit US Composite, 2018-2020
These are not numbers that are consistent with a robust rebound. In fact, they don’t indicate very much of one at all. IHS Markit’s flash PMI’s for July 2020 instead look way too much like the sentiment indicators in Germany and Japan. Though they are now back near 50, both services and manufacturing, that doesn’t actually indicate what everyone seems to think it does.

Read More »

Introducing the “Everything Bubble” Sentiment-o-Meter

2020-07-26

by

2020-07-26

Since human wetware remains stuck in OS1.01, we can predict a remarkable reversal. The "Everything Bubble" has been a sight to behold. With central banks providing trillions to the big players and margin debt enabling small punters to leverage up, the hot money rotation has been a real merry-go-round as one asset and sector after another is ignited by a massive flood of money seeking a quick return.

Read More »

Jeff Snider on Federal Reserve art ofJawboning markets about U.S. dollars Part 2 investing in gold

2020-07-25

by

?? Subscribe here for more : ?http://www.youtube.com/channel/UCZIFOCfVxLJexAKnSb2TWXg?sub_confirmation=1 ??http://www.ko-fi.com/aminray #markets #investing #trading #economy #money #currency #stocks #robinhood Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar...

Read More »

Jeff Snider on the Federal Reserve Jawboning

2020-07-25

by

?? Subscribe here for more : ?http://www.youtube.com/channel/UCZIFOCfVxLJexAKnSb2TWXg?sub_confirmation=1 ??https://www.patreon.com/Aminray #markets #investing #trading #economy #money #currency #stocks #robinhood Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar...

Read More »

All About The Eurodollar , Repo Markets, Gold and Volatility with Jeff Snider.

2020-07-25

by

?? Subscribe here for more : ?http://www.youtube.com/channel/UCZIFOCfVxLJexAKnSb2TWXg?sub_confirmation=1 ??https://www.patreon.com/Aminray #markets #investing #trading #economy #money #currency #stocks #robinhood Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar...

Read More »

19.2 A Foreign Plot to Dump the Dollar?

2020-07-25

by

America's dollar is said to be the global reserve currency. Might there be hostile nations scheming furiously to undermine the US dollar? Is there a USD Pearl Harbor ahead? No. Precisely the opposite. It's the reserve currency - the EURODOLLAR - that holds everyone hostage, including the USA!

Read More »

All About The Eurodollar , Repo Markets, Gold and Volatility with Jeff Snider PART 2

2020-07-25

by

?? Subscribe here for more : ?http://www.youtube.com/channel/UCZIFOCfVxLJexAKnSb2TWXg?sub_confirmation=1 ??https://www.patreon.com/Aminray #markets #investing #trading #economy #money #currency #stocks #robinhood Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar...

Read More »

All About The Eurodollar , Repo Markets, Gold and Volatility with Jeff Snider PART 1

2020-07-25

by

?? Subscribe here for more : ?http://www.youtube.com/channel/UCZIFOCfVxLJexAKnSb2TWXg?sub_confirmation=1 ??https://www.patreon.com/Aminray #markets #investing #trading #economy #money #currency #stocks #robinhood Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar...

Read More »

The (Other) Shoe Of Unemployment

2020-07-25

by

2020-07-25

Global PMIs & Sentiment, 2017-2020
After raising the specter of a rebound stall, the idea before limited to Japan and Germany was abruptly given further weight today by US jobless claims numbers. For the first time since the peak at the end of March, the weekly tally of initial filings increased from the prior week.

Read More »

Stockmarket v economy: the impact of covid-19 | The Economist

2020-07-24

by

American stockmarkets have enjoyed a record-breaking streak, even though the country’s economy faces the deepest recession in living memory. Why is stockmarket performance so seemingly cut off from current events, and what does this tell us about how the economy works? Read more here: https://econ.st/2OUT5rH Further reading: Find The Economist’s most recent coverage of covid-19 here: https://econ.st/31E02VY Sign up to The Economist’s daily...

Read More »

A Japanese Stall?

2020-07-24

by

2020-07-24

Japan PMIs, 2018-2020
In sharp contrast to the sentimental deference towards central bank stimulus exhibited by Germany’s ZEW, for example, similar Japanese surveys are starting to describe potential trouble developing. Like Germany, Japan is a bellwether country and a pretty reliable indicator of global economy performance.

Read More »

Inflation/Deflation: The Economy Is an Elephant

2020-07-24

by

2020-07-24

Retail square footage per person
This is the key dynamic of the economy going forward: defaults on debt, declining wealth as assets are relentlessly repriced lower and sharp declines in income due to layoffs and debt defaults. The economy is like an elephant surrounded by blindfolded economists and pundits: what each blindfolded person reports about the elephant depends on what part they happen to touch.

Read More »