International Monetary Fund

German Q3 GDP Growth Smashes Expectations

While the Eurozone’s structural problems remain unaddressed and the ECB’s ability to wind back its stimulus remains untested, the worst part of Germany's economic strength and the broader Eurozone resurgence, is that a host ECB bureaucrats will be putting themselves forward to take the credit.

The Economic End Game Continues

"...the year of 2018 seems to be the launching point for the great reset. This timeline is supported by the numerous measures already taken to undermine dollar dominance in international trade as well as elevate the International Monetary Fund's SDR basket. It is clear that the globalists have deadlines they intend to meet..."

Gold, Bitcoin, And Metcalfe’s Law

"...the bigger the network of users, the greater that network’s value becomes... Bitcoin adoption could multiply the more people become aware of how much of their wealth is controlled by governments and the big banks."

Chinese Capital Outflows Return As Soon As PBOC Halts FX Intervention

Although the PBOC reported that in September official central bank reserves rose by $17 billion to $3.109 tn , according to the latest SAFE data released overnight, after the first, and only month of inflows in three years, outflows have again returned for a total of $7bn in September (vs. net inflows of +US$9bn in Aug), in light of the recently relaxed FX forward rule

Frontrunning: October 11

  • Republicans to Trump and Corker: Please just stop (Politico)
  • Trump Wants to Weaken Nafta’s Influence, Power (WSJ)
  • Spain Warns Catalonia With Threat of Direct Control From Madrid (BBG)
  • U.S. warship sails near islands Beijing claims in South China Sea (Reuters)
  • U.S. flies bombers over Korean peninsula (Reuters)

Nouriel Roubini's "Good, Bad, & Ugly" Scenarios For The Global Economy

The IMF, which in recent years had characterized global growth as the “new mediocre,” recently upgraded its World Economic Outlook, but are they right to think that the recent growth spurt will continue over the next few years, or is a temporary cyclical upswing about to be subdued by new tail risks?