Month: August 2018

Are Emerging Markets Toast?

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by John Coumarianos Domestic stocks outperformed international stocks for a long time. On a year-to-date basis, the S&P 500 Index was up more than 6% through July, while the MSCI EAFE Index was down slightly and the MSCI EM Index was down more than 4%. The international stock returns are after translation to the dollar, … Read more

Trump Is Right They Are Losing Their Minds, Tucker Carlson Defends Our Free Speech

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https://www.youtube.com/watch?v=g-n8nQ40agg Our fight is NOT about bigotry or party against party. It’s about Patriots fighting against globalism. Trump represents, along with 60 mil americans the rule of law & the constitution which is what the globalists want to destroy. They are using bigotry & racism as a crutch only based on pushing for open boarders … Read more

Amazon getting into the movie theatre business now.

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Bloomberg News is reporting Amazon is looking at buying Landmark Theatres. Citing people familiar with the situation, the media outlet says the movie chain’s owners are working with investment bank Stephens and talking to “other suitors.” It says no decisions have been made and the discussions may not lead to a deal. Landmark Theatres was … Read more

Jim Chanos: 7 Ways Of Shorting China’s Real Estate Bubble

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via businessinsider: 1. Shorting commodity companies that directly benefit from Chinese demand: BHP Billiton has been thriving on China’s iron ore demand over past few years. Around half of Brazil’s and Australia’s iro ore production have been shipped to China during the past year. Rio Tinto (RIO), Vale (VALE), Peabody Energy (BTU), Freeport-McMoran (FCX), Souther Copper Corp … Read more

Elizabeth Warren introduce bill that would require corporations to answer to employees and other stakeholders as well.

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by andthenisawtheblood In an Op-Ed from the Wall Street Journal (full text here, may have to open in Incognito), Warren argues: As recently as 1981, the Business Roundtable—which represents large U.S. companies—stated that corporations “have a responsibility, first of all, to make available to the public quality goods and services at fair prices, thereby earning a … Read more

The energy sector is starting to price in a global slowdown; Once that default occurs…watch out Europe watch out globe

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The energy sector is starting to price in a global slowdown#OOTT pic.twitter.com/2t3oWGO2PO — Daniel Lacalle (@dlacalle_IA) August 16, 2018 The Emerging Market Sudden Stop: 1. Build massive fiscal and trade domestic imbalances because “we have margin”2. Mirage fades. Capital flights.3. Reserves deplete4. Central bank implements capital controls and sells US$. Reserves collapse5. Implosion6. Repeat We … Read more

The gap between implied FX vol for EM (surging) and G7 (still subdued) is extreme, only observed a couple other instances in the last 18yrs

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“How stressed are emerging mkts vs developed mkts? The gap between implied FX vol for EM (surging) and G7 (still subdued) is extreme, only observed a couple other instances in the last 18yrs; How will it correct? Probably some combo of lower EM & higher G7 FX vol,” @rich_fran h/t @StockBoardAsset  Turkey had $78b in FX … Read more

THESE Are the 10 Worst Cities On Earth!

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What do YOU think is the “best” city on earth, in your experience? Today there is so much inequality, so much poverty, and very little chance that this won’t continue to get worse. The root cause of this issue will never be resolved because the average person was never told and unless they start digging, … Read more

Sidebar banner advertising

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Ad formats: Banner Ads Location: Bottom of right sidebar for sponsored links Top right sidebar for banner ads. The number of ads that is available at this time: 10 Cost – The rate is $500 for regular sites or $750/month for gambling related. A hyperlinked image (300×250) Rate is not negotiable. Adult content site not … Read more

Are Commodities Sending Global Macro Message To Investors?

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by Chris Kimble Commodities are becoming a hot topic… and an important investing theme. With the US Dollar coming back to life, commodities have pulled back. And that pullback now has the “equal weight” complex in trouble. Below is a chart of the Thomson Reuters Equal Weight Commodity Index. The green shaded area represents a 20-year rising channel … Read more

Junk Bond 12-month divergence matter this time?

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by Kimble Charting CLICK ON CHART TO ENLARGE Above compares the Pimco High Yield Fund (PHDAX) to the S&P 500 over the past 20-years. Junk bonds diverged from the S&P 500 for nearly 24-months, prior to stocks peaking in 2000. Junk bonds diverged from the S&P 500 for nearly 7-months, prior to stocks peaking in 2007. Junk bonds have been … Read more

The U.S. has gone from a big-time net importer of oil to a small-time one. The latest base-case forecast from the EIA is that it will be a “modest net exporter” from 2029 through 2045.

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The report says the US will be a net exporter of oil until at least 2049, never thought I’d see the day. https://www.eia.gov/outlooks/aeo/pdf/AEO2018.pdf   The oil market has changed a lot over the past decade. Here, for example, is the latest data on U.S. imports and exports of crude oil and petroleum products, released by the Energy Information Administration at … Read more

Government Announces Major Errors in Official Economic Stats “From January 2011 to June 2018”

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Official US government statistics currently count only 12% of the able-bodied, unemployed adult workforce as “unemployed.” Been out of the workforce for over 6 months because you can’t find a job? Congratulations! You’re no longer “unemployed”! And oh yeah, we also totally screwed up our own rigged calculations for the past 7 years. https://www.bls.gov/bls/errata/jolts-errata-06122018.htm  

Who Bought the $1.36 Trillion of New US National Debt over the Past 12 Months?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Russia, Japan, and the Fed dumped, China hung in there…. But who bought? “Official” foreign investors – this would be central banks, governments, etc. – and private-sector foreign investors held $6.21 trillion of US Treasury Securities at the end of June, up by $61 billion from a year earlier, according to … Read more

5 Signs That Global Financial Markets Are Entering A Bear Market, And 11 Ways That You Can Get Prepared For The Chaos That Is Coming…

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by Michael Snyder  We haven’t seen carnage like this in the global financial marketplace in quite some time.  On Wednesday, U.S. stocks were down some, but things were much, much worse around the rest of the world.  Global banking stocks are plunging, emerging market stocks are cratering, and emerging market currencies continue their stunning decline.  This represents … Read more

‘Time to get contrarian’ on gold

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From Frank Holmes at Frank Talk: Gold can’t seem to catch a break. The yellow metal normally acts as a safe haven in times of political and economic strife, but in the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar. On Monday, the stronger greenback pushed gold to end below … Read more

Copper enters a bear market, raising red flag about a possible global economic slowdown

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Copper futures for September delivery fall to as low as $2.552 per pound, their lowest level since June 2017. Disappointing Chinese data and a strong dollar are among the factors pressuring the industrial metal. Tom Essaye, founder of the Sevens Report, says copper’s decline could also signal a volatility spike in risk assets like equities. … Read more