• 03/29/2015 - 10:03
    Do our childish minds really think those whom we blindly empower will scurry away like cockroaches exposed by the refrigerator light and leave us be after the fall? Really? Are we serious?

The Economist

Tyler Durden's picture

Here's Which Emerging Markets Are Most Vulnerable To "External Shock"





With a no longer “patient” Fed set for “liftoff” sometime this year, some observers are bracing for emerging market turbulence. A new paper from the Center for Global Development attempts to discern which EMs are most vulnerable to an “external shock."

 
Tyler Durden's picture

Why We Feel So Poor (In Two Charts)





Among the many things that mystify economists these days, the biggest might be the lingering perception, despite six years of ostensible recovery, that the average person is getting poorer rather than richer. Lots of culprits come in for blame; but one that doesn’t get much mention is the changing nature of the bills we’re paying...

 
Tyler Durden's picture

US Hegemony, Dollar Dominance Are Officially Dead As China Scores Overwhelming Victory In Bank Battle





The China-led development bank essentially marks an epochal shift away from traditionally US-dominated multinational institutions like the IMF and the ADB. Meanwhile, it also represents an implicit attempt by the Chinese to usher in a kind of sino-Monroe Doctrine. The more isolated the US becomes as it relates to the new venture, the more transparent its motives seem. This was never about “standards” (the original excuse for Washington’s opposition to the bank), but rather about stifling Chinese ambition. "America seems to be confirming China’s darkest fears: it has adopted a policy of containment that is wrong in principle and has failed in practice," notes The Economist.

 
Tyler Durden's picture

After The Fed Crushed The Middle Class, It Is Targeting The American Family





The divide between the rich and the poor is not only getting wider thanks to the central bank's efforts to inflate the value of the very types of assets that the poor are unlikely to own, but is in fact now destroying the American family.

 
Tyler Durden's picture

US Officially Loses Battle Over China-Led Investment Bank





Washington picked a completely unnecessary fight with China over the ostensibly non-contentious topic of infrastructure development because the US can’t stand the fact that traditionally US-dominated multinational institutions are on the verge of being supplanted by sinocentric ambition — and lost.

 
Tyler Durden's picture

No Longer Quiet On The Eastern Front (Part 2)





In the first part of this series we discussed Greece and its ongoing negotiations with the European Union – particularly with Germany – and how the complicated history between these two countries makes it exceedingly difficult for the Greek people to accept the terms on offer from the EU. This time we will turn our attention north, to a different kind of conflict.  This one has also wrought economic devastation to a European country, but of a much higher intensity.  It is the first civil war that the European continent has seen since the Balkan Wars of the 1990s, when the regional superpower of Yugoslavia was ultimately broken up amidst a series of separatist and independence movements.  Today’s conflict will almost certainly result in a similar outcome for its host country. I’m talking, of course, about Ukraine.  Let’s take a closer look.

 
Tyler Durden's picture

Global Trade Grinds To A Crawl





"Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 12.4 percent," for the week Reuters notes. This is seventh consecutive week of declines and puts us squarely back at levels last seen in 2013.

 
Tyler Durden's picture

Who's Hurting From Slumping Commodities





With a rebound in commodities a long way out, here's which countries may be hit the hardest.

 
Tyler Durden's picture

China's Latest Spinning Plate: 10 Trillion In Local Government Debt





China is in the midst of attempting to help local governments refinance a mountain of debt, some of which was accumulated off balance sheet via shadow banking conduits at relatively high rates. According to UBS, "Chinese domestic media are saying that the authorities are considering a Chinese "QE" with the central bank funding the purchase of RMB 10 trillion in local government debt."

 
Tyler Durden's picture

The Oil Glut And Low Prices Reflect An Affordability Problem





The oil glut we are experiencing now reflects a worldwide affordability crisis. Because of a lack of affordability, demand is depressed. This lack of demand keeps prices low–below the cost of production for many producers. If the affordability issue cannot be fixed, it threatens to bring down the system by discouraging investment in oil production.

 
Tyler Durden's picture

"World-Leading Economist" And Advisor To Chancellor Osborne Busted For Smoking Crack





One of Chancellor George Osborne’s senior advisers on economic policy has been captured on video smoking crack cocaine in a drugs den. Prof Douglas McWilliams, who last year ­estimated we would all be £165 a year better off by the election, is seen inhaling it through a glass tube at a flat in North London. Red-faced and slurring his speech, he later told the dealer he had “too much” and that he had spent the day on a binge. Two rocks of the deadly drug can clearly been seen on a table beside the dazed professor. The grainy footage, seen by the Sunday Mirror, will heap embarrassment on the Chancellor and raise serious ­questions about his choice of adviser.

 
Tyler Durden's picture

USA Is The 16th Best Place To Be Born In The World





In 1988, America was the best place to be born in the world. Based on The Economist Intelligence Unit's quality-of-life index - which links the results of subjective life-satisfaction surveys (how happy people say they are) to objective determinants of the quality of life across countries - USA was #1. Fast forward 25 years or so... and The United States now ranks 16th, just above South Korea and just below Taiwan and Belgium.

 
Tyler Durden's picture

Normality Seems As Distant As Ever: The Global Economy's Chinese Headwinds





Last year, the global economy was supposed to start returning to normal. Interest rates would begin rising in the United States and the United Kingdom; quantitative easing would deliver increased inflation in Japan; and restored confidence in banks would enable a credit-led recovery in the eurozone. Twelve months later, normality seems as distant as ever – and economic headwinds from China are a major cause.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!