Category Archive: 5) Global Macro

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Dollar Remains Under Pressure as European Outlook Shines

2020-07-28

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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.

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A Tactical Update: Whither Goest The Dollar

2020-07-28

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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.

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

2020-07-27

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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.

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Introducing the “Everything Bubble” Sentiment-o-Meter

2020-07-26

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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.

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

2020-07-25

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?? 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...

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Jeff Snider on the Federal Reserve Jawboning

2020-07-25

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?? 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...

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

2020-07-25

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?? 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...

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19.2 A Foreign Plot to Dump the Dollar?

2020-07-25

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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!

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

2020-07-25

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?? 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...

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

2020-07-25

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?? 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...

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The (Other) Shoe Of Unemployment

2020-07-25

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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.

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

2020-07-24

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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...

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A Japanese Stall?

2020-07-24

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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.

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Inflation/Deflation: The Economy Is an Elephant

2020-07-24

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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.

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Deflation/Inflation, Money Printing, Free Market vs. Socialism, Yield Curve Control

2020-07-23

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?THE REBEL CAPITALIST SHOW WILL HELP YOU ? learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

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Jeff Snider (Deflation/Inflation, Money Printing, Free Market vs. Socialism, Yield Curve Control)

2020-07-23

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?THE REBEL CAPITALIST SHOW WILL HELP YOU ? learn more about Macro, Investing, Entrepreneurship AND Personal Freedom. For more content that'll help you build wealth and thrive in a world of out of control central banks and big governments check out these videos! ? Subscribe for more free YouTube tips: https://www.youtube.com/channel/UCpvyOqtEc86X8w8_Se0t4-w Do you wanna see another video as incredible as this? Watch Peter Schiff (Economist,...

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Market Sentiment Boosted by Stimulus Outlook

2020-07-23

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2020-07-23

Today, it’s all about the stimulus; the dollar remains under pressure. Mnuchin and Pelosi kick off the first round of talks for the next stimulus package this afternoon; it’s another quiet day in terms of US data; Canada reports May retail sales EU finalized its recovery package; UK reported June public sector net borrowing; Hungary is expected to cut rates 15 bp to 0.60%.

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The Real Unemployment Rate is 21 percent and Heading Higher

2020-07-22

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2020-07-22

As businesses, agencies and organizations recalibrate to the reality that the V-shaped recovery was nothing but a brief fantasy, 6 million additional jobs lost may be a best-case scenario rather than the worst-case scenario.

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What Capitalism Can Do When Allowed, And Communism Never Will

2020-07-22

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2020-07-22

Mikhail Sergeyevich Gorbachev was awarded the Nobel Peace Prize in 1990 “for his leading role in the peace process which today characterizes important parts of the international community.” Maybe, but it sure didn’t start out that way.

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Of Incomplete Plans and Recoveries

2020-07-21

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2020-07-21

China Industrial Production, 1999-2020
At the monthly press conference China’s National Bureau of Statistics (NBS) now regularly gives whenever the Big Three economic accounts are updated (this time along with quarterly GDP), spokesman Liu Aihua was asked by a reporter from Reuters to comment on how the global economic recession might impact the Communist government’s long range goal of reaching its assigned GDP target.

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