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Paul Craig Roberts Warns "The Entire World May Go Down The Tubes Together"
Submitted by Tyler Durden on 09/26/2015 22:20 -0500- Afghanistan
- Australia
- Belgium
- China
- Czech
- Estonia
- Federal Reserve
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- India
- Iran
- Iraq
- Ireland
- Israel
- Italy
- Japan
- Kazakhstan
- Latvia
- Lithuania
- Netherlands
- New Zealand
- Norway
- Poland
- Portugal
- Reality
- Romania
- Slovakia
- Switzerland
- Turkey
- Turkmenistan
- Ukraine
- Uzbekistan
- Vladimir Putin
- White House
Neoliberal economics is blind to reality and serves to justify the destruction of the economic prospects of the Western World. It remains to be seen if Russia and China can develop a different economics or whether these rising superpowers will fall victim to the “junk economics” that has destroyed the West. With so many Chinese and Russian economists educated in the US tradition, the prospects of Russia and China might not be any better than ours. The entire world could go down the tubes together.
The Dollar may Consolidate Before Moving Higher
Submitted by Marc To Market on 09/26/2015 09:07 -0500Yellen's reaffirmation of a likely rate before year-end helped lift the dollar. Look for some consolidation ahead of the US jobs data.
Weekend Reading: Fed Confusion
Submitted by Tyler Durden on 09/25/2015 15:30 -0500The current surge in dis-inflationary pressures is not just due to the recent fall in oil prices, but rather a global epidemic of slowing economic growth. While Janet Yellen addressed this "disinflationary" wave during her post-meeting press conference, the Fed still maintains the illusion of confidence that economic growth will return shortly. Unfortunately, this has been the Fed's "Unicorn" since 2011 as annual hopes of economic recovery have failed to materialize. However, it is these ongoing views of optimism that have collided with economic realities.
Destroying Dimon's Delusionary View Of Economic Realities
Submitted by Tyler Durden on 09/21/2015 15:31 -0500While Mr. Dimon's view - "Amerca has the best hand ever dealt right now." is certainly uplifting, it is a bit delusional. But of course, give any person a billion dollars and they will likely become just as detached from economic realities. Does America have "greatest hand ever dealt." The data certainly doesn't suggest such. However, that can change. We just have to stop hoping that we can magically cure a debt problem by adding more debt and then shuffling it between Central Banks.
Global Stocks, EM FX Extend Losses Despite China Saying "No Collapse Is Nigh"
Submitted by Tyler Durden on 09/20/2015 20:22 -0500US equity futures have retraced the late-day ramp from Friday with Dow down around 65pts. Asia is opening weaker (NKY -900 from Thursday highs) with EM FX appearing not to get the "but we didn't hike" message from The Fed with MYR the worst hit for now (after a few days of strength). EM outflows accelerated according to Morgan Stanley, down 6% AUM in 12 weeks. PBOC devalued the Yuan fix by 0.11% (the most in 2 weeks). While Fed uncertainty and fears about China have caused global derisking, PBOC chief Fan says "the economy is stable," and China's Beige Book suggests 'everything is awesome', as the survey summarizes, "perceptions of China may be more thoroughly divorced from facts on the ground than at any time in our nearly five years of surveying the economy." If that's the case, then why is Janet in panic mode?
Nine Items on My Radar Screen: Are They on Yours?
Submitted by Marc To Market on 09/20/2015 09:01 -0500- Australia
- Bank of England
- BOE
- Bond
- Budget Deficit
- Canadian Dollar
- Central Banks
- China
- Creditors
- Federal Reserve
- France
- Germany
- Greece
- headlines
- Hungary
- Investment Grade
- Israel
- Italy
- Japan
- Market Conditions
- Mexico
- Monetary Policy
- New Zealand
- Newspaper
- Portugal
- ratings
- recovery
- Switzerland
- Testimony
- Turkey
- Volatility
- Yen
- Yuan
Non-bombasitc overview of the investment climate. No, the sky is not falling. This is not the end of days.
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Fate of Dollar Bulls Post-Fed
Submitted by Marc To Market on 09/19/2015 09:05 -0500The divergence meme that is the center of the dollar bull narrative was never predicated on precise timing of Fed's lift-off. To go from no hike in September to Fed will never raise interest rates, or QE4 is next, is a needless exaggeration.
New Data Reveals U.S. Far From Freest Country In The World
Submitted by Tyler Durden on 09/18/2015 13:00 -0500While the U.S. has never had a truly free economy, the new study makes it evident that Americans have far less economic freedom and opportunity than they did in the year 2000. Now that economic conditions are even worse in the U.S. than they were before, a culture of extreme economic control has taken over and exacerbated the growing recession - one that history may end up redesignating a depression.
China Plunge Protectors Unleash Berserk Buying Spree In Last Hour Of Trading As Fed Meeting Begins
Submitted by Tyler Durden on 09/16/2015 06:04 -0500Ffor whatever reason starting in the last hour of trading and continuing until the close, the Shanghai Composite - after trading largely unchanged - went from red on the day to up 4.9% after hitting 5.9% minutes before the close - the biggest one day surge since March 2009 - and nearly erasing the 6.1% drop from the past two days in just about 60 minutes of trading, providing a solid hour of laughter to bystanders and observers in the process.
The Template for the Next Crisis: Bank Accounts Frozen, Capital Controls, and Bail-Ins
Submitted by Phoenix Capital Research on 09/15/2015 09:43 -0500The build up took months... but then the whole mess came crashing down in one weekend. By then it was too late to get your money out...
Crossing Borders With Gold And Silver Coins - A Glimpse Of Things To Come
Submitted by Tyler Durden on 09/12/2015 16:00 -0500It’s well-known that you have to make a declaration if you physically transport $10,000 or more in cash or monetary instruments in or out of the US, or almost any other country; governments collude on these things, often informally. But we've recently had some disturbing experiences crossing borders with coins...
Yuan Soars Most On Record In Offshore Market As PBoC Intervenes
Submitted by Tyler Durden on 09/10/2015 07:30 -0500Apparently fed up with the persistent spread between the onshore and offshore yuan, China has decided to add one more spinning plate to its collection by intervening in the offshore spot market.
Frontrunning: September 10
Submitted by Tyler Durden on 09/10/2015 06:35 -0500- Compare: S&P 500 Futures Advance After U.S. Stocks Ignored Global Rally (BBG)
- And contrast: Global Stock Rally Grinds to a Halt (BBG)
- And be very confused: Global Stocks Lower on U.S. Interest Rate Uncertainty (WSJ)
- Hilsenrath: Fed Wavers on September Rate Rise (WSJ)
- Time for more QE: Abe Adviser Says Next Month Good Opportunity for BOJ Easing (BBG)
- Brazil downgraded to junk rating by S&P, deepening woes (Reuters)
- Kiwi dollar tumbles after New Zealand cuts interest rates (Reuters)
Futures Surge Overnight As Deteriorating Economic Data Unleashes Blur Of Central Bank Interventions And QE Rumors
Submitted by Tyler Durden on 09/10/2015 05:55 -0500- Apple
- B+
- BOE
- Bond
- Brazil
- Central Banks
- China
- Consumer Confidence
- Consumer Prices
- Continuing Claims
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- Foreign Central Banks
- France
- Global Economy
- headlines
- Hong Kong
- Initial Jobless Claims
- Japan
- Jim Reid
- Liberal Democratic Party
- Monetary Policy
- Natural Gas
- New Zealand
- Nikkei
- OPEC
- Price Action
- Primary Market
- RANSquawk
- Recession
- Reuters
- Volatility
- Wholesale Inventories
- Yen
- Yuan
It has become virtually impossible to differentiate between actual central bank intervention, hopes of central bank intervention, and how the two interplay on what was once the "market" but is now merely the place where money printers duke it out every day in some pretense of price discovery set by those who literally print money.
AsiaPac Stocks, FX Tumble As China Devalues Yuan Most In 4 Weeks, Sees "No Need For Massive Economic Stimulus"
Submitted by Tyler Durden on 09/09/2015 20:20 -0500Losses from the US session extended following comments in one of the government's official mouthpieces that "China doesn't need massive stimulus." A BoNZ rate cut (blaming China's devaluation) sent Kiwi tumbling, Ringgit hit a fresh 17 year low against the USD, Japanese stocks collapsed over 650 points so far, and Chinese stocks are opening notably lower. Volume remains de minimus (99% below average) in Chinese futures trading as China devalues the Yuan by the most since Aug 13 and injects another 80 billion Yuan liquidity.




