More negative signals, this time from the economy
At the end of May, I started a post on very negative market signals saying "he economic data out of the US and elsewhere still point to continued economic expansion over the near term. But, what we’re seeing in financial markets right now…
The convergence to zero trade is back
Let me follow up this morning's general post with some longer term thoughts here via the Patreon platform. And while I want to make some geopolitical comments, let me look at this mostly from a markets perspective.
I am once again thinking…
The problem with Europe
I have been troubled by the lack of policy space in Europe for some time now, particularly as it concerns Italy. But this is coming to a head for me this morning, with the German government auctioning 10-year paper at 24 basis points below…
The Fed basically has to cut now
The latest jobs report out of the US was relatively poor. While the comprehensive U-6 unemployment rate went down to the lowest since 2000, other data points suggested the labor market is topping. And with bond markets already predicting a…
Geopolitical confrontation and the breakdown of globalization
Everything I am reading this morning in the news flow points to increased geopolitical confrontation and the breakdown of the post-Cold War world order. We are quickly moving to a more hostile balkanized geopolitical environment. And I…
The US economy is now on recession watch
Recession Watch
America's business leaders are growing more worried that the United States will enter a recession by the end of 2020. Their primary fear: protectionist trade policy.
That is the topline finding of a report released Monday…
Henry George: The economist to watch in the 21st Century
I am sitting here diving into a brand new copy of a book - Progress and Poverty - that was written 140 years ago, in 1879. And it occurred to me I should write you about it because the ideas in this book are as relevant to the 21st century…
Very negative market signals
The economic data out of the US and elsewhere still point to continued economic expansion over the near term. But, what we're seeing in financial markets right now suggests markets are discounting serious economic problems down the line.…
More on the Collapse of the Center
Splintering
I am in the process of editing a video at Real Vision where the founder, Raoul Pal, is talking to Dee Smith, the CEO of Strategic Insight Group. It's going to be released in early June. Interestingly, Dee Smith was making a lot…
American global hegemony is breaking down — here’s what could come next
By Marshall Auerback
This post was originally published on AlterNet
The breakdown in the Sino-U.S. trade talks has led a number of commentators to suggest that America’s “unipolar moment” of post-Cold War preeminence is over, as…