Tuesday , January 25 2022
Home / Tag Archives: Global Economy (page 30)

Tag Archives: Global Economy

Will “Inevitable USD Strength” Lead To Another Market Selloff

With stocks the biggest beneficiary of the late January "Shanghai Accord" (that shall not be named), it stands to reason that the US Dollar was the biggest loser. Sure enough, overnight the WSJ writes that the "powerful rallies that have lifted stocks, crude oil and emerging markets for the past three months have one important thing in common - the falling dollar - and investors are growing anxious that it could prove to be the weak link." But is a strong dollar about to make another...

Read More »

Albert Edwards: “Let Me Tell You How This All Ends”

The dollar's recent rapid slide has been accompanied by a constant backdrop of dovish cooing from the Fed. Until this week, SocGen's Albert Edwards notes that both equity and commodity markets had embraced the weak dollar as the elixir to solve all their ills. That relief, however, has now proved fleeting as fear of weak economic activity has reasserted its influence on investors. The weak dollar, Edwards warns, should be seen as merely a shuffling of deckchairs on the Titanic before...

Read More »

Trumped! Why It Happened And What Comes Next, Part 3 – The Jobs Deal

Submitted by David Stockman via Contra Corner blog, Donald Trump’s patented phrase “we aren’t winning anymore” lies beneath the tidal wave of anti-establishment sentiment propelling his campaign and, to some considerable degree, that of Bernie Sanders, too. As we demonstrated in Part 1, and Part 2, what’s winning is Washington, Wall Street and the bicoastal elites. The latter prosper from finance, the LA and SF branches of...

Read More »

Wall Street Is Falling Off A Cliff (And The Bottom Is A Long Way Down)

Submitted by John Rubino via DollarCollapse.com, For the past 50 or so years, the quickest way for a sharp young sociopath to get rich has been to join an investment bank or hedge fund. The former were riding a “regulatory capture” gravy train that became ever-more-lucrative as new government agencies morphed into subsidiaries of Wall Street. Hedge funds, meanwhile, were surfing the wave of easy money that inevitably results from putting banks in charge of interest rates and...

Read More »

According To Deutsche Bank, The “Worst Kind Of Recession” May Have Already Started

One week ago, Deutsche Bank's Dominic Konstam unveiled, whether he likes it or not, what the next all too likely step will be as central bankers scramble to preserve order in a world in which monetary policy has all but lost effectiveness: "It is becoming increasingly clear to us that the level of yields at which credit expansion in Europe and Japan will pick up in earnest is probably negative, and substantially so. Therefore, the ECB and BoJ should move more strongly toward penalizing...

Read More »

Chaos & Volatility Is On The Rise

Submitted by Chris Martenson via PeakProsperity.com, No, that’s not a ‘click bait’ sensationalist title. Things are getting ‘weird’ out there if you’re trying to be polite, and downright 'chaotic' if you're being blunt.  Everywhere we look, we see signs that the systems that support us are breaking down.  The economy no longer spins off enough surplus for the elites to take what they consider their share with enough left over for...

Read More »

Air Freight Volumes Across Largest Global Market Tumble 15% In First Quarter

For years, our biggest lament and recurring confirmation that unorthodox monetary policies are simply not working, has been tracking global trade - the lifeblood of any properly functioning global economy - which has not only failed to reach its pre-crisis growth rates, but especially over the past 2 years, has seen slowing dramatically. The latest evidence of this slowdown came earlier today when the International Air Transport Association (IATA) reported that demand for global air...

Read More »

Dollar Doldrums To Continue As “Fantasy World Of Rate Normalization” Unwinds

Despite today's jump in the USD index, the sharp dollar selloff trend remains even as U.S. rates have climbed and the commodity rally pauses. It’s logical to query if there is an end in sight for the rout. The short answer, according to Bloomberg's Mark Cudmore, is no. The dollar may be due a bounce, but that would likely mark a consolidation phase rather than a trend reversal. Today was the Bloomberg Dollar Index's best day since Nov 2015... The Bloomberg Dollar Index is...

Read More »

“Unexpected” Australian Rate Cut To Record Low Unleashes FX Havoc, Global “Risk Off”

Three months ago, when Australia unexpectedly revealed that its recent "stellar" job numbers had in fact been cooked we asked, rhetorically, why the sudden admission it was all a lie? Simple: weakness in commodity prices "is far greater than people had been expecting,” the nation's top economist said. Australia is now "swimming against the tide" because of uncertainties in the global economy, he added. Which we translated as follows: "we need more easing, and to do that, the economy has to go...

Read More »

America’s Entitled (And Doomed) Upper Middle Class

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The upper middle class is well and truly doomed by self-delusion and the pathology of entitlement. Two recent articles describe America's entitled (and doomed) upper middle class: the top 5% of households with incomes above $206,500 annually and individuals with incomes of $160,000 or higher annually. (source: Historical Income Tables: Households Census.gov) The first describes how businesses are responding to the new Gilded Age in which...

Read More »