Global markets were shocked Beijing would interject the renminbi into tit-for-tat trade retaliation. Trade war morphing into currency war?
The British manufacturing sector pulled the English economy into contraction for the first time since 2012. Real GDP declined by 0.2% Q/Q in the second quarter of 2019, another minus sign to add to the growing global list. Goods production fell sharply, down 2.3% in Q2 from Q1. It was the biggest decline since 2009. […]
The true scale of horror which the Great Depression unleashed wasn’t breadlines and unemployment, it was the darker side of mankind. When no one has answers, people naturally divert their common sense to seek out the most compelling emotional appeal. The world is broken, and it must be that guy’s fault!
Do investors recognize how much risk they’re taking on at this stage in markets? I think it’s a highly relevant question as things may not be as well as they seem. On […]
WTF knows where the PPT will make its next stand? The Shadow knows! Lee, not so much. Take a look at these charts and see what YOU think!
A weaker CNY does acknowledge that the Chinese really do need help, but it most certainly is not the help they need.
Any recession still retains its inventory roots., despite the Fed’s countercyclical manipulation. And now we see a big problem there.
Time for a technical update on Bitcoin. In May in Bitcoin Resurgence, when Bitcoin was trading at just below $8000, I offered a technical analysis that outlined a potential move toward the […]
Noted financial author Nassim Nicholas Taleb has little patience for economists. With good reason.
The game is over. The massive liquidity inflows from the US Treasury into dealer accounts that has fueled the stock and bond rallies since March…