Unhappy Friday What a Friday that was. German manufacturing slumped badly; global manufacturing followed; yields tumbled; 10-year Bunds went below zero again for the first time since 2016; the US yield curve inverted 3M-10Y and 1Y-5Y, which has a pr
The bootstrapped LPP Fusion dense plasma focus nuclear fusion project will be starting a potentially big year of testing. They are completing work on their beryllium electrode.
As I showed you on Thursday, the next crisis is going to be the Big One.
"Slowing international macroeconomic conditions" is just a fancy way to say that the global economy is in big trouble.
A Different Way To Look At Market Cycles In this past weekend's newsletter we noted the issues of similarities between the current market environment and previous market peaks in the past. To wit: "It isn't just the economy that is re
Interview with John Sneisen of WAM at Anarchapulco
In the aftermath of the greatest financial calamity since the Great Depression, then–chief of staff for the Obama administration Rahm Emanuel made the call for aggressive action to prevent a recurrence of the meltdown of 2008.
The index grades nations based on variables including life expectancy while imposing penalties on risks such as tobacco use and obesity. It also takes into consideration environmental factors including access to clean water and sanitation. Spain h
Europe's leading economic policy makers have officially thrown in the towel.
Even mainstream economists are admitting that economic activity is slowing down.
Quantitative easing, the program of asset buying initiated by the US Federal Reserve Bank in 2008, represents the most profound monetary experiment in the history of the world. Between fall of 2008 and fall of 2014, three successive rounds of QE quad
Something changed yesterday. ECB chief Mario Draghi dramatically reversed his monetary stance in every way and dramatically downgraded his economic and inflationary outlooks - but instead of the market taking its cue from the former, it was the latte
With inflation soaring (and forecast to accelerate further), the Argentine Peso has plummeted the last few days even as the central bank raised 7-day Leliq rate to 51.862%, according to two people with direct knowledge.
Although many declared the deceleration in the economy in December to be a "soft patch" that we've somehow recovered from, others aren't so sure. The rest of the global economy is slowing down and sinking at a fairly rapid rate, and the U.S.
Until recently, Germany has been the seemingly unbreakable workhorse that has pulled the European economy back from the brink and kept it ticking along through a myriad of internal and external pressures, as well as political crises, over the last de
One week after PIMCO's chief investment officer of global credit, Mark Kiesel, told Bloomberg that now is the time to start selling risk as "the market has priced in a lot of good news right now" and with all major asset classes overbought, the Pimco
Global markets are now facing a $12 trillion dollar reckoning. The problem is staring the financial apocalypse right in the face and has the potential to accelerate the coming stock market crash.
We all had dreams when we were younger, with our lives ahead of us and a world of possibilities to aim for.
World's Largest Shipping Company Warns 2019 Global Economic Outlook Is Worse Than 2018
"Lenin was right. There is subtler, no surer means of overturning the existing basis of society than to debauch the currency."
"Virtually all" the reduction in extreme poverty occurred in China, which relied on extensive state support for industry and exports. "It is disingenuous, then, for the likes of Gates and [Steven] Pinker to claim these gains as victories for Wa
What if we could stop temperature rise and roll back world temperatures as needed?
The major economies have slowed suddenly in the last two or three months, prompting a change of tack in the monetary policies of central banks.
Last week, when looking at the latest regional Industrial Production figures out of European nations, we made a simple observation: while GDP has yet to confirm, Europe is now in a recession.
n this past weekend's missive, we discussed the market stalling at the 200-dma. To wit:
Noted bitcoin basher and Nobel Prize-winning economist Paul Krugman has warned that the global economy could be headed for a recession this year, according to CNBC.
Last year, internet searches for Modern Monetary Theory (MMT) numbered approximately 100 per month; in the years and decades before that, the weekly total searches numbered mostly in single digits. Yet in the first few weeks of this year, searches ha
Eariler this week, when the San Fran Fed published a paper that suggested that the recovery would have been stronger if only the Fed had cut rates to negative, we proposed that this is nothing more than a trial balloon for the next recession/depressi
It will be a short comment this morning as I play catch up and try to figure out if we should be worried that it's the Year of the PIG. Sounds great, but I'm supposed to be on a diet.
This is an elite conference that takes place at the end of January every year. It's held in the exclusive ski resort town of Davos, Switzerland, and is attended by billionaires, heads of state, and members of the mainstream media.