Ahead of the most important macro economic event of the week, US nonfarm payrolls (Exp. +200,000, down from 215,000 despite a very poor ADP report two days ago), the markets have that sinking feeling as futures seem unable to shake off what has been a steady grind lower in the past week, while the Nasdaq has been down for nine of the past ten sessions, after yet another session of jawboning by central bankers who this time flipped to the hawkish side, hinting that the market is not prepared for a June rate hike. Additionally, sentiment is showing little sign of improvement due to concerns over global-growth prospects as markets seek to close the worst week since the turmoil at the start of the year.
First there were seventeen. At length, there was one. Donald Trump’s wildly improbable capture of the GOP nomination, therefore, is the most significant upheaval in American politics since Ronald Reagan. And the proximate cause is essentially the same. Like back then, an era of drastic bipartisan mis-governance has finally generated an electoral impulse to sweep out the stables.
"This massive deployment of armed forces in our own cities is a departure from history. It is a moral disarmament, before a military one. It is Europe's new Weimar moment.."
Ever wondered where the United States imports its oil from? Howmuch.net came out with some infographics to show that from 2000 to 2015. What we would highlight here is the notable shift from the U.S. depending heavily on Middle East countries and Mexico, to depending more on America's neighbor to the north, Canada.
The world is undergoing a profound demographic shift that will cause sweeping changes over the next few decades. Those changes will broaden the scope of our study of economics and investing; they will alter our understanding of sociology; and they will radically affect politics and governments.
Ahead of the Indiana primary on Tuesday, Donald Trump holds a 15 point lead in the polls according to the Wall Street Journal, and it is starting to become inevitable (at least for those not named Cruz and Kasich) that The Donald will be the Republican's choice to run against Hillary in the fall.
In the latest clear sign that low oil prices are taking their indirect toll not only the US shale sector, leading to billions in capex cuts and hundreds of thousands of lost oil and gas jobs, on Friday Saudi newspaper al-Watan reported that the multinational construction conglomerate Saudi Binladin Group (which was founded in 1931 by Sheikh Mohammed bin Laden Sayyid, father of Osama bin Laden who was removed as a shareholder in the business in 1993 and disowned by the family) has laid off 50,000 staff as pressure on the industry rises amid government spending cuts to survive an era of cheap oil.
For the past twenty years, movements have arisen to challenge American imperialism. The Trump movement is different: it is massive, and it is capable of winning. That’s what has the Establishment in such a panic. If we step back from the daily news cycle, and consider the larger significance of the Trump phenomenon, the meaning of it all is unmistakable: we haven’t seen anything like this in American politics – not ever. Revolution is in the air. The oligarchy is tottering. The American people are waking up, and rising up – and those who try to ignore it or disdain it as mere “populism” will be left behind.
Whether the establishment likes it or not, and it evidently does not, there is a revolution going on in America.
It is increasingly certain that the future will not be like the past. Previous downturns have been equally devastating but the primary causes eventually reversed themselves; low commodity prices recovered and damaging government policies were rescinded. This recovery will be different for a variety of reasons which will combine to cap growth, opportunity and profits, even if oil and gas prices spike. The following major changes appear permanent...
Sunday, April 17th was the designated moment. The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. But what happens if confidence in the eventual resurgence of demand begins to wither? Then the incentives to cooperate begin to evaporate, too, and it’s every producer for itself in a mad scramble to protect market share. This new reality -- a world in which “peak oil demand,” rather than “peak oil,” will shape the consciousness of major players -- is what the Doha catastrophe foreshadowed.
Comments made by Bernie Sanders this week may just have blindsided and disillusioned swathes of his support base. Some of those with higher expectations of the ‘peacenik’ candidate breathed a collective sigh of disappointment after he endorsed Obama’s extrajudicial drone assassination program.
So is there any chance at all that Trump will make America Great Again by erecting trade barriers, a Trump Wall on the Rio Grande and an end to America’s imperial beneficence and meddling abroad? Stayed tuned. There may be more to The Donald than meets the eye. And whatever it is, it certainly trumps Hillary’s deplorable purpose to make Imperial Washington an even greater menace both abroad and at home.
It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe. The 9/11 attacks were billed by the Bush Administration as a “wake-up call” for the U.S., and neocons called it the new Pearl Harbor. But instead of it being an awaking, the American public was led further into blind ignorance. Clearly, after 15 years of disastrous policy, it is time to admit that the U.S. response to 9/11 has damaged us far more than the actual attacks ever could.
What’s the difference between “boots on the ground” and military personnel wearing boots who are engaged in combat – and perhaps dying – on the ground? If you can answer that question convincingly, perhaps you’d like to apply for John Kirby’s job, because he’s not doing it very successfully. Kirby is the State Department spokesman who, in answer to a question from a reporter about the 250 US troops being sent to Syria, denied President Obama ever said there’d be “no boots on the ground” in Syria.