Trade Wars

Brexit - Winners & Losers

UK prime minister Theresa May hopes the EU will come to its senses and negotiate a fair Brexit settlement. Unfortunately, current rhetoric suggests a “hard brexit” is the most likely scenario.

Is Trump Wrong On Trade?

The real culprit or cause of the loss of purchasing power is the American Central Bank. It is directly responsible for the growth in income inequality and the slow decline in living standard of the American middle class. Monetary policy is “econspeak” for legal counterfeiting! If Trump really wants to make America great again, he should seriously consider returning the U.S. to sound mone.

The Greater Depression - Part 2: "Cinderella Man"

A victory by Hillary would be a victory for Wall Street, billionaire oligarchs, neo-con warmongers, propaganda media outlets, and corporate cronyism. A Trump victory would boost the morale of a middle class that has been abused, denigrated, belittled, ignored, and taken advantage of by the ruling class for decades. The hopes and dreams of millions are riding on a victory by the anti-Cinderella man. His popularity rides on a sea of rightful resentment, anger, and fury at how the average American has been screwed by the ruling class (both parties) for decades.

Jim Rogers Explains What He Is Doing Before "The Next Time The World Comes To An End"

One week after RealVision brought us the latest Jeff Gundlach interview, in which the DoubleLine bond king explained why he is now "100% net short", on Friday Grant Williams interviewed Jim Rogers, in which George Soros' former partner (the two co-founded the Quantum Fund in 1973), is about as gloomy, warning "the next time the world comes to an end, it's going to be a bigger shock than we expect."

Citi Lays Out The "Black Swans" That Donald Trump Would Unleash If He Becomes President

With less than 90 days left until the presidential election, Citi's Dana Paterson writes that the "election risks clock starts now." Here is how Citi previews the upcoming US election which "may generate extremely high uncertainty that likely will impose a significant drag on economic growth", and Citi's breakdown of Black Swans, mostly associated with a Trump presidency.

The Real Brexit "Catastrophe": World's 400 Richest People Lose $127 Billion

The world’s 400 richest people lost $127.4 billion Friday as global equity markets reeled from the news that British voters elected to leave the European Union. The billionaires lost 3.2 percent of their total net worth, bringing the combined sum to $3.9 trillion, according to the Bloomberg Billionaires Index

Is Soros Wrong?

"There is an argument that a Brexit might look similar to the aftermath of sterling?s ignominious exit from the ERM on ?Black Wednesday? 16 September 1992. In a current environment where central banks and governments have failed to generate a strong enough economic recovery to normalise interest rates amid persistent deflationary pressures, one would have thought a substantial decline in one?s currency would be welcomed ?- for that is one way to inject a modicum of inflation back into the economic system."

Tensions Between US/NATO & Russia Are Flaring Dangerously

As if there weren’t enough crises to worry about in the world already, from shooting rampages to accelerating species loss, the US and NATO continue to ‘poke the bear’ and risk an outbreak of war with Russia.

Unintended Consequences: Easy Money = Overcapacity = Trade Wars

So what happens to all that Chinese steel that was on its way to the US and EU before slamming into those prohibitively high tariffs? One of three things: Either it’s sold elsewhere, probably at even steeper discounts, thus pricing US and EU steel exports out of those markets. Or it’s stockpiled in China for future use, thus lowering future demand for new steel production and, other things being equal, depressing tomorrow’s prices. Or many of China’s newly-built steel mills will close, and China will eat the losses related to this malinvestment. Each scenario results in lower prices and financial losses somewhere. Put another way, as far as steel is concerned, the world’s fiat currencies are rising in value, which is the common definition of deflation.

Furious China Slams "Irrational" US Trade War, Warns "Will Take Steps"

Overnight the Commerce Department escalated its trade war with China when it implemented the latest clampdown on a glut of steel imports, when it announced that corrosion-resistant steel from China will face final U.S. anti-dumping and anti-subsidy duties of up to 450%. China's Commerce Ministry said it was extremely dissatisfied at what it called the "irrational" move by the United States, which it said would harm cooperation between the two countries. "China will take all necessary steps to strive for fair treatment and to protect the companies' rights," it said, without elaborating.

China Furious After US Launches Trade War "Nuke" With 522% Duty

China is livid: as a result of record Chinese steel dumping, the US unleashed what is nothing short of a nuclear bomb in its rapidly escalating trade war with China, by imposing duties of 522% on cold-rolled steel used in automobiles and other manufacturing. In doing so it has effectively rendered Chinese exports to the US unsustainable and will force even more excess Chinese production to remain landlocked within China's borders, making the domestic glut that much worse.

Albert Edwards: "Let Me Tell You How This All Ends"

The dollar's recent rapid slide has been accompanied by a constant backdrop of dovish cooing from the Fed. Until this week, SocGen's Albert Edwards notes that both equity and commodity markets had embraced the weak dollar as the elixir to solve all their ills. That relief, however, has now proved fleeting as fear of weak economic activity has reasserted its influence on investors. The weak dollar, Edwards warns, should be seen as merely a shuffling of deckchairs on the Titanic before the global economy sinks below the icy waves.

Too Much Democracy: The Game - For The Elites - Is Over

Our awful elites gutted America. Now they dare ring alarms about Trump, Sanders — and cast themselves as saviors. Both parties ignored workers, spewed hate, enriched themselves, hollowed out democracy... And now the problem's populism?