Today, let’s look at a broader question: whether China still needs to engage so much in exchange-rate and other forms of protectionism in the first place.
Arthur Cutten at Jesse’s Cafe Americain has a nice graphic showing that total margin debt versus GDP is the highest in 85 years! See Crosscurrents for charts. Even worse, the last two times margin debt versus GDP was above 2%, we have stock market corrections! The Federal Reserve’s monetary voodoo has certainly helped increase margin […]
Market volatility is going to be extreme – that was my prediction for 2015.
With the Dow Jones Industrial Average plummeting more than 300 points yesterday and oil below $50 for the first time since April 2009, now’s the time to act.
West Texas Intermediate (WTI) crude oil broke through the $50 handle and is currently at $48. The S&P 500 index is down 16 points so far (-0.80%) today. The Dow is down around 170 points (or 1%) after it’s large decline on Monday. The US Treasury 10Y fell 13 basis points and is now at […]
The final figures for American factory orders came out this morning, and they contained some notably bearish news for the manufacturing sector and the whole U.S. economy.
It is impossible for everyone to sell at the top before the implosion; the assets are owned by someone all the way down.The central bank/state plan for 2015 is a continuation of the same plan that’s been in play since 2009: drive everyone with any cash…
Speculation keeps abounding about whether China will weaken its currency has been on the rise, lately, for entirely understandable reasons. China’s own growth is slowing.
If you want to know where the global experiment in massive money printing is heading—-just take a look at the monetary madhouse in Europe. And that particular phrase has full resonance once again as it becomes more apparent by the hour that Europe and the Euro were not fixed at all. Indeed, beneath the surface…
The great oil price decline continues at the start of a new week. WTI Crude Oil is testing $50 on the way down. Even coal has been falling like a … well … lump of coal. Since July of last year, iron ore has been falling in price.
The most recent crisis was driven by the three most destructive epidemics of financial looting in history. The three fraud epidemics hyper-inflated the financial bubble and caused the enormous losses that led to the financial crisis and the Great Recessions in the U.S. and in Europe.