Category Archive: 5) Global Macro

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ECB Preview

2020-09-10

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2020-09-10

Balance Sheets, USD Trin, 2007-2019
The ECB meets tomorrow and is widely expected to stand pat. Macro forecasts may be tweaked modestly and there are some risks of jawboning against the stronger euro, but it should otherwise be an uneventful meeting. Looking ahead, a lot of room remains for further ECB actions.

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Bottleneck In Japanese

2020-09-09

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2020-09-09

US / Japan, 2018-2020
Japan’s yen is backward, at least so far as its trading direction may be concerned. This is all the more confusing especially over the past few months when this rising yen has actually been aiding the dollar crash narrative while in reality moving the opposite way from how the dollar system would be behaving if it was really happening.

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The Economist Essentials: Public Debt | The Economist

2020-09-08

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The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking suggests perhaps not, at least for now. Further reading: Find The Economist’s most recent coverage of covid-19 here: https://econ.st/31E02VY Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.st/3ghRh7W Why economics...

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Charles Hugh Smith on Intensifying Financial Repression Risks

2020-09-08

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Charles Hugh Smith on Intensifying Financial Repression Risks http://financialrepressionauthority.com/2020/09/07/the-roundtable-insight-charles-hugh-smith-on-intensifying-financial-repression-risks/ Receive trading ideas weekly from Yra: https://cedarportfolio.com/yra-signup-form

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Monthly Market Monitor – August 2020

2020-09-08

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2020-09-08

Russell 3000 Value/Growth
Many of the weak dollar trends I noted in June’s update have moderated – even as the dollar has weakened further. US stocks surged over the last month, with growth indices leaving their value counterparts in the dust…again.

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EM Preview for the Week Ahead

2020-09-08

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2020-09-08

EM performance this week will hinge crucially on whether US equity markets can find some traction. If sustained, last week’s equity rout could lead to a deeper generalized risk-off trading environment this week that would weigh on EM FX and equities.

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Jeff Snider talks INFLATION, DEFLATION

2020-09-06

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?? Subscribe here for more : ?http://www.youtube.com/channel/UCZIFOCfVxLJexAKnSb2TWXg?sub_confirmation=1 ?? Support! ;) http://www.ko-fi.com/aminray #fed #reserve #trade #economy #dollar #bloomberg #neworldorder #finance #bitcoin Jeff Snider talks INFLATION, DEFLATION

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Eurodollar University’s Making Sense; Episode 24, Part 2: Peering Behind The (Unemployment Rate) Curtain

2020-09-06

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2020-09-06

———WHERE——— AlhambraTube: https://bit.ly/2Xp3roy Apple: https://apple.co/3czMcWN iHeart: https://ihr.fm/31jq7cI Castro: https://bit.ly/30DMYza TuneIn: http://tun.in/pjT2Z Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Castbox: https://bit.ly/3fJR5xQ Breaker: https://bit.ly/2CpHAFO Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB Overcast: https://bit.ly/2YyDsLa SoundCloud: https://bit.ly/3l0yFfK...

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Powell Would Ask For His Money Back, If The Fed Did Money

2020-09-05

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2020-09-05

UST Yield Curve, 2020
Since the unnecessary destruction brought about by GFC2 in March 2020, there have been two detectable, short run trendline upward moves in nominal Treasury yields. Both were predictably classified across the entire financial media as the guaranteed first steps toward the “inevitable” BOND ROUT!!!!

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Eurodollars & Global Deflation Risk W/ Jeff Snider | Expert View | Real Vision™

2020-09-04

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Is the global economy poised to enter another deflationary cycle? Jeff Snider, head of global research and chief investment strategist at Alhambra Partners, believes that we have never enjoyed a true recovery from the global financial crisis - but instead, have merely bounced between cycles of deflation and reflation. In this piece, Snider unpacks the importance of Eurodollars as a key to understanding where the global economy is headed next....

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China v America: why universities are on the front line | The Economist

2020-09-04

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The covid-19 pandemic could cause a massive drop in the number of Chinese students travelling abroad. That would be disastrous for many Western universities—but for the Chinese government, it is a geopolitical opportunity. Read more here: https://econ.st/3557Pxz Further reading: Find The Economist’s most recent coverage of covid-19: https://econ.st/2CQRUr2 Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19...

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Writing Rebound in Italian

2020-09-04

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2020-09-04

Real GDP Pro forma, 2005-2023
As the calendar turned to September, the US Centers for Disease Control and Prevention (CDC) issued new guidelines expanding and extending existing moratoriums previously put in place to stop evictions during the pandemic.

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Jeff Snider talks INFLATION, DEFLATION (RCS Ep75)

2020-09-02

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Interview original date: July 22nd, 2020 Topics: Jeff’s definition of Deflation, Inflation. Monetary Deflation. Consumer behavior and its effect on prices. Production, wages/income, labor market, labor market destruction. UBI, demand, unemployment, supply, spending, savings, credit. 1930s and destruction of deflation, 1800s and deflation then. Did the Long Depression really exist? Gold Standard after the Civil War, fixed money supply, silver...

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Deflation of the Citizenry’s Hard Assets Will Be a Huge Buying Opportunity for Insider Power Elites

2020-09-02

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2020-09-02

The gravy train will have to stop at some point, but right now the global elites have pushed their chips on to the U.S. dollar and stocks. Editor's note: This is a guest post by my friend and colleague Zeus Yiamouyiannis, Ph.D., who has contributed essays to Of Two Minds since 2009.

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Drivers for the Week Ahead

2020-08-31

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2020-08-31

The dollar is likely to remain under pressure after Powell’s dovish message at Jackson Hole. August jobs data Friday will be the data highlight of the week. The Fed releases its Beige Book report Wednesday; Powell will face many questions about the Framework Review that he unveiled at Jackson Hole.

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Nihilism Embodied: Our Lawless Financial System

2020-08-31

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2020-08-31

Not only have the billionaire class made money, they have tightened their monopolistic grip on the levers of money supply and distribution, turning a global rigged casino into a global company town.

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America’s Metastasizing Class Wars

2020-08-29

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2020-08-29

Soaring Income Inequality
Class wars are the inevitable result of an economic system in which 'anything goes if you're rich enough and winners take most'. The traditional class war has been waged between wage-earners (who sell their labor) and their employers (owners of capital and the means of production).

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This Has To Be A Joke, Because If It’s Not…

2020-08-28

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2020-08-28

US Treasury and Auction Rates, Oct 2018 Aug 2020
After thinking about it all day, I’m still not quite sure this isn’t a joke; a high-brow commitment of utterly brilliant performance art, the kind of Four-D masterpiece of hilarious deception that Andy Kaufman would’ve gone nuts over. I mean, it has to be, right?I’m talking, of course, about Jackson Hole and Jay Powell’s reportedly genius masterstroke.

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America’s stimulus package: is it working? | The Economist

2020-08-27

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America has spent trillions of dollars on stimulus packages to prop up its economy in the face of the covid-19 pandemic. But is it working—and what will the long-term effects be? Our experts answer your questions. Question timecodes: 00:00 Introduction to US economic stimulus 00:44 Where does the stimulus money come from? 01:43 Will the funds actually reach the people who need it most? 03:00 How does the American economic stimulus compare to other...

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Not This Again: Too Many Treasuries?

2020-08-27

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2020-08-27

US Banking Data, 1978 - 2020
Tomorrow, the Treasury Department is going to announce the results of its latest bond auction. A truly massive one, $47 billion are being offered of CAH4’s notes dated August 31, 2020, maturing out in August 31, 2027. In other words, the belly of the belly, the 7s.We’ve already seen them drop for two note auctions this week, both equally sizable.

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