Using Dr. Copper as a proxy for global growth should give some big scares to those hoping that more developed EMs like Mexico and South Korea could make it through a trade slowdown relatively unscathed.
"...add to rising retail unemployment the move to more self-checkout, more AI, and more computerized systems instead of human staff. It’s not too hard to understand why people could soon be dependent on a Universal Basic Income and a return to an almost feudal society..."
As if markets did not have enough to worry about with this weekend's Italian election and SPD "grand coalition" referendum, overnight stocks were slammed by Trump doubling down on threats of global trade war coupled with a warning from BOJ governor Kuroda that Japan's QE may be coming to an end.
"Right now, the members of the policy board and I think that prices will move to reach 2 percent in around fiscal 2019. So it’s logical that we would be thinking about and debating exit at that time too"
For the past several months, we've written frequently about the epic collapse of the centerpiece of the 1980's retail model: the shopping mall. Here's a look at why they may be in more trouble than investors think.
"From my perch, markets are engaged in a historic blow-off move fueled by artificial liquidity & complimented by a temporary earnings boost. The combined resulting excess in conjunction with no visible improvements to structural problems will worsen the impacts of an eventual recession. "