Global Economy

US Futures, Oil Flat As Greenback Rises Despite Mnuchin's "Strong Dollar" Warning

US equity futures were flat, European stocks rose and Asia was mixed after the dollar posted a modest rebound overnight despite Mnuchin's "strong dollar" comments, while oil was flat and gold fell, as investors focused on President Donald Trump’s plans to boost growth. The pound fell after a U.K. court ruled that Parliament must vote on triggering Brexit.

80% Of Central Banks Plan To Buy More Stocks

Invesco recently released a report on central-bank investment polling 18 reserve managers around the globe. It found that 80% planned to buy more stocks in the future.

El-Erian Warns "Investors Are Underestimating Sudden Policy Shifts"

"...the more central banks persist in erring on the side of too much stimulus rather than too little, amid changing economic and fiscal conditions, the greater the potential need for a sudden shift in monetary policy that, while economically warranted, could be quite jarring for markets... and investors may be underestimating as judged by market metrics, including measures of implied volatility."

How To Predict The Behavior Of Globalists

The globalists believe that even if some of us do manage to decipher their activities and methods, we will have no means to do anything about them. They see themselves as the “history makers”, as the men who act. One weakness of the globalists that will sabotage them is their own hubris. They see people as pawns – but what happens when a piece walks off the chess board completely and acts in an unpredictable way? It is this potential alone that will destroy the globalists in the end.

Policy Makers - Like Generals - Are Busy Fighting The Last War

It's long overdue to acknowledge we face a future absent net growth and likely a future with fewer consumers, fewer homebuyers, fewer taxpayers, fewer employees.  We face a battle where higher productivity leads to ever more being done by ever fewer people... and if we aren't thoughtful, honest, and creative in how we adapt to this new reality... terrible consequences could await us.

One Hour After Taking Office, Trump Suspends FHA Mortgage Fee Cut

In a move that has sparked controversy among some economists, within an hour of being sworn in, Trump undid one of Barack Obama’s last-minute actions, a mortgage-fee cut under a government program catering to first-time home buyers and low-income borrowers.

In Defense Of Populism

"Populism is not a bug, but is a key feature in any democratic society. It functions as a sort of pressure relief valve for free societies. Indeed, it allows for an adjustment and recalibration of the existing order at the exact point in the cycle when it is needed most. In our current corrupt, unethical and depraved oligarchy, populism is exactly what is needed to restore some balance to society."