Australia

Toward Stagflation - The Real End Game For Central Banks

Norway is heading straight into stagflation and at some point Norges Bank will be forced to tighten monetary policy into a weakening economy. The world should take note, because the real end game for central banks will come when they are constrained by rising inflation in a weakening economy. We all know what happened after the 1970s stagflation; and hiking rates to 20 per cent in an overleveraged world is a lot harder than it was back then.

Spectacular Chinese Gold Demand Fully Denied By GFMS And Mainstream Media

Gold investors around the world continue to be fooled about Chinese gold demand. For some reason GFMS is restrained in disclosing that any individual or institution in China can directly buy and withdraw gold at the Shanghai Gold Exchange, which is the most significant reason for the discrepancy in question. According to calculations, true Chinese gold demand in 2015 must have been north of 2,250 tonnes.

S&P Futures Unchanged As Europe Rises; Dollar Slide Sends Oil Above $47

In the latest quiet trading session, European shares rose while Asian stocks fell and S&P futures were little changed. Minutes of the Fed’s last meeting damped prospects for a U.S. interest-rate hike, sending the Bloomberg Dollar Spot Index doen 0.3%, approaching a three-month low. Dollar weakness continues to buoy commodities, with the Bloomberg Commodity Index set for the most enduring rally in more than two months, as WTI flirted with $47

A Clinton Presidency Will Be A Disaster For The Caribbean

In 1985, the CIA recognized that progressive parties and leaders had opted for the ballot box to achieve political power. Since 1985 and encouraged by the Clintons, the power of the ballot box has been overturned by the CIA and its ciphers USAID and George Soros’s Open Society Institute, using undemocratic election  tactics in Haiti, Honduras, Venezuela, Panama, Guatemala, and Guyana. The Clintons can surround themselves with all the black and brown supporters they can muster up in the United States, but for the black and brown people of the Caribbean, the Clintons represent pure corruption, coercion, and neglect.

The True Story Of How War Broke Out In Syria

...The CIA agents running the Deraa operation from their office in Jordan had already provided the weapons and cash needed to fuel the flames of revolution in Syria.   With enough money and weapons, you can start a revolution anywhere in the world. In reality, the uprising in Deraa in March 2011 was not fueled by graffiti written by teenagers, and there were no disgruntled parents demanding their children to be freed.    This was part of the Hollywood style script written by skilled CIA agents, who had been given a mission: to destroy Syria for the purpose of regime change.  Deraa was only Act 1: Scene 1.

A Post Western World? A Disturbing Interview With Prof. Harry Redner - Part 2

The political and economic issues broadly discussed in the media usually revolve around political cycles, terrorism, foreign policy, rising debt levels, sluggish economic performance, academic underachievement, environmental problems, ageing demographics and so forth. In our view, this all ties into a major cycle of history that has been with us for some time, and which has been gaining traction since the 1990s: the end of "Western Civilization" and the transition towards a globalized society.

Democrats Brace For More Leaks As Pelosi Changes Cell Number After Barrage Of "Obscene, Sick Calls"

Following the Friday night dump of Democratic files released by the hacker Guccifer 2.0, House Minority Leader Nancy Pelosi said that after receiving "scores of mostly obscene and sick calls, voicemails and text messages", she  she was forced to change her number.  Pelosi added that she was on a flight to from Florida to California when the information was released, and received the unwanted messages upon landing.

 

China Bond Yields Drop To Decade Lows As Economy Sinks After New Loan Creation Tumbles

Following an unprecedented credit expansion by China, which in the first few months of 2016 injected well over a trillion dollars in total credit, the payback - as previewed here - is coming. As reported earlier, overnight China reported that a swath economic activity, from factory output to investment and retail sales, slowed last month, reflecting renewed weakness in China’s economy, resulting in10Y bond yields dropping to near all time lows.

Frontrunning: August 12

  • Stocks Hit New Highs, and That Could Be Just the Start (WSJ)
  • China Slows as Stimulus Impact Wanes (WSJ)
  • How the China Shock, Deep and Swift, Spurred the Rise of Trump (WSJ)
  • Italian Economy Unexpectedly Stagnates in Threat to Renzi (BBG)
  • Clinton disparages Trump's economic plan, vows to help workers (Reuters)

Futures Rise, Global Stocks Flat After Ugly Chinese Economic Data

One day after all three US indexes hit record highs for the first time since December 31, 1999, US equity index futures, European stocks and Asian equities are little changed after the Nikkei jumped on the back of a Yen weakness, while China reported disappointing economic data and the PBOC suggested that the flood of new debt is slowing which pushed Chinese stocks higher by 1.6% on hopes of more stimulus.

US Futures Flat; Bonds Rise, Dollar And Oil Slide Over US Productivity Collapse Fears

Following yesterday's muted action which saw the S&P500 close unchanged, it has been more of the same listless trading overnight, with US equity index futures little changed as the Nikkei fell on the back of a stronger Yen, while government bonds rose and European stocks reversed early gains following the BOE failed bond monetization operation. Crude oil dropped for a second day after Saudi Arabia told OPEC that it pumped a record 10.67 million barrels of oil a day,