Global Economy

Martin Armstrong's 20-Point-Plan For Donald Trump

"Let’s be realistic. Those supporting Trump distrust government politicians. They really do not care about his message. I at least would prefer Trump not for any policy, but because any career politician will bring the same line of thinking to the table."

Six Reasons To Buy Gold In 2016

“Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.” – Charles De Gaulle

America's Been Committing Suicide-By-Bad-Choices For Decades

Perhaps this is America’s true imperial moment, when all party politics surrenders to the pre-tsunami undertow of events. None of the idiot network commentators or Wash-Po or NY Times columnists seem to notice that the global economy is sinking into a coma, and in so doing is igniting cluster-bombs of default through the financial system. The biggest surprise of all yet-to-come is that television will fail to explain it. The second coming will not be the reappearance of the celebrity known as Jesus Christ, but rather of the event called the American Civil War.

"Has Everyone Lost Their Freaking Minds?"

It’s getting weird and the market is having a tough time figuring out what to take seriously, what to ignore, what to laugh nervously about and what to just laugh at. Are serious economists actually have a debate about whether it is a good idea to just print up cash and pass it out? Is that really monetary policy? Are governments really talking about banning actual currency, the very money created by that government? Money that depends, oh by the way, solely on people’s trust that the government will stand behind the money they are about to outlaw? Has everyone lost their freaking minds?

RANsquawk Week Ahead - 29th Feb 2016

 

* US nonfarm payrolls report is the notable highlight out of the US this week, with Chicago PMI, ISM Manufacturing and non-Manufacturing data also scheduled for release.

* Focus may fall on China once again, with the Manufacturing PMI data coming in tandem with the latest NPC meeting.

The G-20 Meeting Was A Big Disappointment: What Happens Next

It is now all up to the ECB: "If they lowball or grudgingly meet expectations, we could face another December 4 move because market participants will see it as the equivalent of a ‘last ease in the cycle announcement’, basically ECB throwing in the towel. If they move aggressively they will catch market off guard and unwind the view that policymakers see themselves as powerless."

Saxobank CIO Is "Shorting Everything" Into "Nasty March"

Fearful of a renewed rise in the US dollar, Saxo's chief economist Steen Jakobsen expects a "nasty March" as this will kill commodity stabilization as well as the ability of emerging markets to live up to their expectations to revitalize the global economy. Despite The Bank of Japan's clear "example of how not to do things," Jakobsen warns other central banks will follow Kuroda's cue and, as he explains below, is "shorting everything" as he sees two major canaries in the coalmine.

"Another Crisis Is Certain", Warns Former BOE Chief

"Whatever can be said about the world recovery since the crisis, it has been neither strong, nor sustainable, nor balanced. There seems little political willingness to be bold, and so perhaps we should fear that the size of the ultimate adjustment will just go on getting bigger."

Fear The Smell Of (Monetary) Napalm In The Morning

If central bankers think that "helicopter money" might be an option to combat deflationary pressures and sluggish economies, the right time to launch the choppers is before consumers realize they need them. As history shows, after that, it is too late.

"China Is A Monumental Doomsday Machine" Stockman Warns

China is a monumental doomsday machine that bears no more resemblance to anything that could be called stable, sustainable capitalism than did Lenin’s New Economic Policy of the early 1920s. The latter was followed by Stalin’s Gulag and it would be wise to learn the Chinese word for the same, and soon. These folks are on the deadliest strain of financial heroin known to mankind and have no chance of surviving; its a dead economy walking.

World Trade Collapses Most Since Crisis

One question now dominates the global macro discussion: has subdued global growth and trade become the norm in the post-crisis world? That is, have lackluster growth and trade become structural and endemic rather than transient and cyclical? Spoiler alert: Yes.

G-20 Needs To "Man Up" Or Risk Sparking Market Chaos, Citi Warns

“Keeping the previous language would be very disappointing and would be viewed as either complacent or reflecting policy paralysis. [They need to] man up and tell member countries that monetary policy should be accompanied by fiscal expansion.”