China

China

Lavrov Vs. McCain: Is Russia An Enemy?

If we believe the struggle is for “global democracy” and “human rights,” then that may put Putin on the other side. But how then can we be allies of President el-Sissi of Egypt and Erdogan of Turkey, and the kings, emirs and sultans of Saudi Arabia, Bahrain, Kuwait and Oman? But if the new world struggle is about defending ourselves and our civilization, Russia would appear to be not only a natural ally, but a more critical and powerful one than that crowd in Kiev.

Putting It All Together...

Population growth, economic growth, and resultant energy consumption are inexorably slowing. The Federal Reserve knows it can not stop this and is simply slowing the inevitable with interest rate cuts to incent greater consumption via skyrocketing credit/debt...

Despite Rising Mortgage Rates, Home Prices Jump Most In A Year

Despite soaring mortgage rates, US home prices rose at 5.58% year-over-year in December according to the latest (lagged) data from S&P Case-Shiller. The 0.93% monthly gain in the best for December in at least a decade. However, the lagged response (as seen in pending home sales this week) suggests this odd 'stability' in home price appreciation may be set to become more volatile at least...

In Latest Tightening Move, China To Cut Money Supply Growth To 12%

In the latest warning that Beijing hopes to tighten financial condition, Reuters reported that China plans to target broad money supply growth of around 12% in 2017, down from the 13% target in 2016, signaling a bid to contain debt risks while keeping growth on track.

Frontrunning: February 28

  • Trump Puts the Final Touches on His Speech (BBG)
  • Trump to Make Case for Higher Military Spending, Lay Out Vision in Speech (WSJ)
  • Traders Are Glued to These Stocks Ahead of Tonight’s Trump Speech (BBG)
  • Trump Regulation Rollback May Threaten U.S. Firms' EU Access (Reuters)
  • GOP Health Plan Suffers Blow With Rejection by Key Republican (BBG)

Millionaire Migrants: Countries That Rich People Are Flocking To

Money may not buy happiness, but it does buy the ultimate flexibility for making financial and lifestyle decisions. For many of the world’s millionaires, money provides a highly effective means to escape their home country when times get tough.

Plot Holes - The Michael Flynn Affair

The Michael Flynn Affair is one of those movies where you figure out a jumble of things that don’t make sense as you walk out of the theater.