Category Archive: 5) Global Macro

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

Election 2020: What has President Trump done to America? | The Economist

2020-10-31

by

In the 2020 election, President Donald Trump will be judged on his handling of the covid-19 pandemic. But what else will be his legacy if he loses? Further content: Find The Economist’s coverage of the US elections: https://econ.st/3mwsMa4 Sign up to The Economist’s weekly “Checks and Balance” newsletter on American politics: https://econ.st/3l5C4dl See The Economist’s 2020 presidential election forecast: https://econ.st/35JCkI2 Listen to...

Read More »

Dollar Bid as Markets Steady Ahead of ECB Decision

2020-10-31

by

2020-10-31

Equity Performance YTD, 2020
Global equity markets are gaining limited traction today after yesterday’s bloodbath; that sell-off helped test a now prevalent hedging thesis for investors. The dollar remains bid; US Q3 GDP data will be the data highlight; weekly jobless claims will be reported.

Read More »

ALICE Doesn’t Work Here Anymore

2020-10-30

by

2020-10-30

Wages share income,1960-2020
What the political class and the Financial Nobility don't yet grasp is that ALICE will never go back to her insecure, low-wage job, ever.

Read More »

What’s Going On, And Why Late August?

2020-10-29

by

2020-10-29

ICE: US$ Index Futures, DX1
This isn’t about COVID. It’s been building since the end of August, a shift in mood, perception, and reality that began turning things several months before even then. With markets fickle yet again, a lot today, what’s going on here?

Read More »

Flying Blind: Clueless about Risk, We’re Speeding Toward Systemic Failure

2020-10-29

by

2020-10-29

For all these reasons, the risks of systemic collapse are much higher than commonly anticipated. There's an irony in discussing risk: since we all have an instinctive reaction to visible risk, we think we understand it.

Read More »

ECB Preview

2020-10-28

by

2020-10-28

Balance Sheets, USD Trln 2007-2020
The ECB meets Thursday and is widely expected to stand pat until the next meeting. Macro forecasts won’t be updated until the December 10 meeting, but the bank will have to acknowledge the deteriorating outlook now.

Read More »

Dollar Bid as Markets Start the Week in Risk-Off Mode

2020-10-28

by

2020-10-28

Pound Performance, 2020
Increasing virus numbers have pushed European governments to once again start imposing national measures; the week is starting off on a risk-off note. Today may see the official end of stimulus talks; odds for Biden victory are increasing again but is already mostly priced in.

Read More »

How Systems Collapse: Reaping What We’ve Sown

2020-10-27

by

2020-10-27

Don't expect healthcare or any other hollowed-out, heavily optimized system to function as it once did. A great many Americans will be shocked when our healthcare systems start failing because they believed the PR that "we have the finest healthcare system in the world.

Read More »

Charitable Remainder Trusts

2020-10-27

by

2020-10-27

Alhambra's' Bob Williams describes Charitable Remainder Trusts and how they can be used as a planning tool to create a win-win for you and charities.

Read More »

EM Preview for the Week Ahead

2020-10-26

by

2020-10-26

EM FX took advantage once again of broad dollar weakness. Most EM currencies were up last week against the dollar, with the only exceptions being ARS, TRY, INR, THB, PEN, and MYR. We expect the dollar to remain under pressure this week and so EM should remain bid.

Read More »

Next Up: Global Depression

2020-10-26

by

2020-10-26

The belief that central banks printing currency can "buy/fix" everything that's broken, lost or scarce is the ultimate in denial, fantasy and magical thinking. Let's revisit the pandemic projection chart I prepared on February 2, 2020, nine days after authorities publicly acknowledged the Covid virus outbreak in China.

Read More »

Yep, There’s A New ‘V’ In Town And The Locals…Don’t Seem To Much Care For It

2020-10-25

by

2020-10-25

They should be drooling over the prospects of a clearing path toward normality. The pain and disaster of 2020’s economic hole receding into a more pleasant 2021 which would have been in position to conceivably pay it all back before any long run damage.

Read More »

Consumer Confidence Indicator: Anesthesia

2020-10-24

by

2020-10-24

European Commision Consumer Confidence Indicator, 2006-2020
Europeans are growing more downbeat again. While ostensibly many are more worried about a new set of restrictions due to (even more overreactions about) COVID, that’s only part of the problem. The bigger factor, economically speaking, is that Europe’s economy has barely moved, or at most not moved near enough, off the bottom.

Read More »

Covid-19: how to fix the economy | The Economist

2020-10-23

by

Governments will have to deal with the economic fallout from the pandemic for decades to come. If they get their response wrong, countries risk economic stagnation and political division. Read more here: https://econ.st/3ojORKY Find The Economist’s most recent coverage of covid-19 here: https://econ.st/3m212Kj Read our special report on the economic impact of the COVID-19 pandemic: https://econ.st/37mGlos How the pandemic is reshaping banking:...

Read More »

Dollar Catches Modest Bid but Weakness to Resume

2020-10-23

by

2020-10-23

Cross-Market Implied Vol, 2020
Geopolitical tensions have risen after US officials accused Russia and Iran of meddling in the elections; the dollar has caught a modest bid today. Stimulus talks continue; Pelosi warned that a deal may not come together before the November 3 election; whether Republican Senators change their minds after the elections depends on the outcome.

Read More »

Charles Hugh Smith on Inflation

2020-10-23

by

Charles Hugh Smith on Inflation

Read More »

Everything is Staged

2020-10-22

by

2020-10-22

All the staging is a means to an end, and everyone in America is nothing more than a means to an end: close the sale so the few can continue exploiting the many. You know how realtors stage a house to increase its marketability: first, they remove all evidence that people actually live there.

Read More »

The New Tyranny Few Even Recognize

2020-10-21

by

2020-10-21

Clearly, the Fed reckons the public is foolish enough to believe the Fed's money will actually be "free." It's pretty much universally recognized that authorities use crises to impose "emergency powers" that become permanent.

Read More »

Dollar Soft as Markets Await Fresh News and Rumours

2020-10-21

by

2020-10-21

USD YTD Performance, 2020
The dollar is coming under pressure again; markets are finally waking up to the fact that a stimulus deal before 2021 is unlikely; 10-year Treasury yields have been trading in a narrow range for months.

Read More »

Charles Hugh Smith: Entrepreneur Skills A Must for Any Job

2020-10-20

by

Jason Burack of Wall St for Main St interviewed economic blogger and author Charles Hugh Smith from the popular blog Of Two Minds

Read More »