The second quarter was momentous for reasons beyond huge securities markets gains. Speculators and investors do “now believe central banks will exercise complete control over asset prices for the foreseeable future.” There is no longer any shred of doubt: Highly synchronized global market Bubbles are the ultimate “Too Big to Fail.”
I have been running a regular update on my ‘America’s Scariest Charts’
Not only will there not be a recovery, but there can’t be a recovery, as those brittle extremes have been lost for good. How did the global economy end up teetering on a precarious financial precipice? To formulate a cogent answer, let’s take a whi…
Note: charts below are not updated for full 2Q 2020 data on Global Services and Composite PMIs, which are yet to be reported for June and thus cover April-May period only. I will update these later.Starting with Services sector activity:BRIC Services i…
ECB’s money-printing press has been running overtime these weeks. So let’s put the Euro area central banks’ monetary policy shenanigans into perspective, comparing them to the Global Financial Crisis (GFC) related measures, the Euro area sovereign debt…
What’s driving the rally? Lee Adler tells Lindsay Williams what he sees in this interview on Strictly Business.
What a difference a month makes. The euphoria clearly fading even as the positive numbers grow bigger still. The era of gigantic pluses is only reaching its prime, which might seem a touch pessimistic given the context. In terms of employment and the labor market, reaction to the Current Employment Situation (CES) report seems to […]
A quick update of key charts for USA vs EU27 comparatives for COVID19:First up: deaths per 1 million. U.S. continues to tear away from the EU27 already unenviable record:The basket case of American ‘public health’ system is shining across the board: in…
The elites dancing through the minefield all have plans, but how many are prepared for the punch in the mouth?Open any newspaper from the past 100 years and you will soon find a newsworthy geopolitical hotspot or conflict. Geopolitical conflict is…
Some updates from the US Labour Markets to our America’s Scariest Charts series today.First, headline official Non-Farm Payrolls data for the month of June 2020 is out today. Here is the visual:Total Non-Farm Payrolls dropped during the COVID19 pandemi…