Tuesday , January 25 2022
Home / Tag Archives: Global Economy (page 60)

Tag Archives: Global Economy

Scotiabank Warns “The Fed Is Cornered And There Are Visible Market Stresses Everywhere”

Via Scotiabank's Guy Haselmann, Part One, China An economic slowdown is underway in China.  This is reflected in the steep drop in the commodity complex and in the currencies of emerging market countries. Large imbalances are being worked off as Beijing attempts to shift the composition of its growth.  Policy decision are not always economic. New sources of growth are being sought by Beijing as deleveraging occurs.  Since officials care foremost about social stability, they...

Read More »

“You’re Gonna Need a Bigger Boat” – Does Size Matter When It Comes To The Debt Markets

Back in June we presented for the first time the writing of former Dallas Fed advisor to president Dick Fisher, Danielle DiMartino, who in a CNBC interview slammed The Fed for "allowing the [market] tail to wag the [monetary policy] dog," warning that "The Fed's credibility itself is at stake... they have backed themselves into a very tight corner... the tightest ever." As she further warned in her first op-ed for the Liscio Report "the hope today is that the current era of easy monetary...

Read More »

“The Worldwide Credit Boom Is Over, Now Comes The Tidal Wave Of Global Deflation”

Submitted by David Stockman via Contra Corner blog, If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today’s scheduled chapter 11 filling of met coal supplier Alpha Natural Resources (ANRZ). After becoming a public company in 2005, its market cap soared from practically nothing to $11 billion exactly four years ago. Now it’s back at the zero bound. ANRZ Market Cap data...

Read More »

Something Just Snapped: Container Freight Rates From Asia To Europe Crash 23% In One Week

One of the few silver linings surrounding the hard-landing Chinese economy in recent weeks has been the surprising resilience and strength of the Baltic Dry Index: even as Chinese commodity demand has cratered in 2015, this "index" has more than doubled in the past few months from all time lows, and at last check was hovering just over 1,100.   Many were wondering how it was possible that with accelerating deterioration across all Chinese asset classes, not to mention the bursting of...

Read More »

Goldman Warns “The Global Economy Is Going Round In (Smaller & Smaller) Circles”

Amid the collapse in commodities, crashing Chinese stocks, the weakest US wage growth in US history, and a data-dependent Fed; Goldman Sachs fears the new normal is 'shorter-and-faster' business cycles with no persistence primed by monetary policies. Most wprryingly, they conclude, will short business cycles beget shorter business cycles?     As Goldman notes, Cycles: Shorter and faster   Another factor keeping capex weak is poor visibility on global growth.   The...

Read More »