IMF Slashes Global GDP Forecast For 6th Consecutive Time, Warns "Climate Change" Will Hit Economy
As the market is levitated by central bank liquidity to record high after record high despite stagnant fundamentals, one asset manager is quantifying the mass hypnosis and warns investors are in "grave danger."
The global economy is heading towards a "liquidity trap" that could undermine central banks' efforts to avoid a future recession according to Mark Carney, governor of the Bank of England.
In emulating the American economic raison d'etre, China has attempted to develop its unique capitalist model while ignoring that it too will soon suffer the same fate for the same reason: Unsustainable debt.
Indonesia has assembled a star-studded team to oversee the construction of its new capital city on the island of Borneo - a move that's intended to alleviate some of the pressure on rapidly-sinking Jakarta.
We've all seen zombie movies where the good guys shoot the zombies but the zombies just keep coming because... they're zombies!
The Fed has increased its balance sheet over 500% in the past decade; The Bank of Japan is printing money to buy bonds and stock ETFs; and The European Central Bank is mired in insane negative interests. And, according to legendary investor Jim Roger
Throughout 2019 I posted numerous articles on the subject of central bank digital currency (CBDC's) and how simultaneous reforms of payment systems throughout the world are being undertaken in preparation for the full digitisation of money.
The world's top central bank officials are rightly concerned that politicians in rich economies missed one key lesson of the last recession: Interest rate cuts can help to moderate a downturn, but aggressive fiscal policy is key to a healthy recovery
Some Other People Do Some Other Things
The year 2019 should be remembered as the year of repo. In finance, what happened in September was the most memorable occurrence of the last few years. Rate cuts were a strong contender, the first in over a decade, as was overseas turmoil
One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance.
Virginia is going to enact its gun confiscation beginning on January 8, 2020. This promises to be a watershed event with many violent spin-offs.