After the euro debt crisis, BBVA, Spain’s alpha-lender, sought greener pastures in the Emerging Markets. That bet is coming home to roost. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Few, if any, global banks have bet as large, or …
via yahoo: BUENOS AIRES, Argentina (AP) — Men wait outside the metal-grill door of a soup kitchen in a slum, hoping to get a small serving of beef and mashed potatoes. At a barter market on the capital’s outskirts, a woman …
by visualcapitalist If you pay any attention to financial media, chances are that you’ve heard increased chatter about the flattening “yield curve” in the past few weeks. For professional investors, talking about the yield curve is close to second nature – …
by brian_willis It’s surprising just how small the bear markets are relative to both the length and returns of the bull markets. I would have guessed a ratio of 70% bull to 30% bear, but it’s more like 90% bull …
via Jeff Sommer The chances of a recession by the end of 2020 are mounting. And the prospects for the American stock market in the next decade have worsened appreciably. Those are prognoses, not facts. But they’re not just offhand projections, …
Do you believe that emerging markets will be in BETTER or WORSE shape by 2019? Emerging markets are getting destroyed right now. All through 2018, we have watched several emerging market currencies declining and the contagion is spreading.
by Lance Roberts I have been, and remain, bearish on emerging markets for three reasons: As discussed yesterday, the U.S. is closer to the next economic downturn than not. When the U.S. enters a recession, emerging markets are hurt considerably more given …
China’s stock market is down over 20% GSIB banks are in a bear market Argentina and Turkey’s currencies are down 40%+ this year Venezuela is destroyed South Africa, India, and others have suffered big time against the US dollar this …
Authored by Lance Roberts via RealInvestmentAdvice.com, “Only those that risk going too far can possibly find out how far one can go.” – T.S. Eliot I was reminded of that quote recently as I was reading a great piece by Tim Duy: “Federal …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not good. What’s causing the drop-off in pending home sales in the US, and in particular in the West? Surging home prices that have outrun wage increases for years? Mortgage rates that hover around …
Emerging Markets – Submerge! 1. Currency Wars, 2. Trade Wars. 3. Hot Wars – Turkey's Lira in Free Fall, Venezuela – Hyperinflation: A Roll of Toilet Paper 3 Million Bolivars. Argentina Bankrupt Again. Mexican Peso, & Brazilian Real Collapsing! China's …
via Ann Saphir A narrowing gap between short-term and long-term borrowing costs could be signaling heightened risk of a U.S. recession, researchers at the San Francisco Federal Reserve Bank said in a study published on Monday. The research relies on an …
via GPC The markets are beginning to anticipate a weak $USD. First and foremost, the Emerging Market ETF (EEM) is in the process of bottoming. EEM was crushed by the $USD’s strength this summer. But it’s now starting to look …
via @OccupyWisdom: #TREASURY YIELD CURVE FLAT #QUANTITATIVETIGHTENING CAPE RATIO #INTERESTRATE CYCLE BUFFETT INDICATOR DOW/#GOLD RATIO #FISCAL #DEFICITS GEOPOLITICS DOMESTIC POLITICS #EMERGINGMARKETS #INFLATION/#STAGFLATION RISK RUSSIA DUMPING #UST CONSUMER #DEBT LEVELS STAGNANT #WAGES ERODING #CREDIT QUALITY RECORD HIGH PRICES/SALES LONGEST #BULLMARKET IN …
From Brandon Smith The trade war is a rather strange and bewildering affair if you do not understand the underlying goal behind it. If you think that the goal is to balance the trade deficit and provide a more amicable deal …
Are people reasonably prepared for another FINANCIAL CRISIS? Today we have the longest bull market in history. Oddly, it’s also the weakest bull market in history. Never before has a central bank needed to intervene for so long with no …
via confoundedinterest: Are emerging markets really SUBmerging markets? The emerging markets/G7 FX volatility ratio just hits highest level since 2008 and the global financial crisis. Time for Central Banks like the ECB to flex their monetary muscles!
Will the Fed cause a crash on purpose? Or is everything happening naturally? The Federal Reserve and other central banks had printed trillions but what happens when they turns off the tap? MSCI EM Currency Index (MIEM00000CUS) – Investing.com …
via MS Developed-market assets, including US stocks and credit, are not immune to the conditions that have dragged down emerging markets this year, according to fixed-income strategists at Morgan Stanley. They flagged slower global growth, higher oil prices, and trade …
by Brian Maher of Daily Reckoning The Dow Jones was up nearly 400 points today, led by blue chips Walmart and Boeing. Walmart soared after posting its best sales in over a decade. Boeing jumped on hopeful reports that U.S.-Chinese trade …
Andrew Maguire interviewed by Jay Taylor on Turning Hard Times Into Good Times An Emerging Modern Day Gold Standard? Andrew Maguire Explains Andrew Maguire explains how the newly created Kinesis Monetary system, which combines gold and silver with block chain technology, enables transactions and …
by Adam Taggart Another debt-fueled crisis & and hangover approaches Lance Roberts sees trouble ahead. As chief investment strategist of Clarity Financial and chief editor of Real Investment Advice, Lance issues commentary weekly on the financial markets. He sees a major market correction/crash dead …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Emerging Markets turmoil: The price of cheap debt & misallocation of capital. “Excess liquidity usually leads to the misallocation of capital, masking any balance sheet constrains. As this tide of excess liquidity recedes, it reveals the …
The list of (emerging) stock markets that are down 15% or more (measured in #USD) has become pretty impressive. pic.twitter.com/wtCRau5PDP — jeroen blokland (@jsblokland) August 16, 2018 The Emerging Market Sudden Stop: 1. Build massive fiscal and trade domestic imbalances …
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 …
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 …
In short, Vanguard forecasts that the next decade (2020 – 2030) will be far less rosy in the markets than this decade (2010 – 2020). What do you think? New investors who have only known a bull market? Old timers …
How much of an impact will this have on all markets and economies? Minimal? Or significant? https://www.youtube.com/watch?v=a01GGa5tXDc Emerging markets are looking weak. When we look at what has happened in Turkey, if we zoom out, we can see the bigger …
Fund positioning at extreme bullish levels, anemic late summer trading volumes EM risks, high VIX short trade and double top potential formation mean this is not time to be complacent when everybody else is 💤. Remember, computers drive 70% of …
https://twitter.com/KyleKovacovsky/status/1029084819639087105 H O L Y S H I T–> "The emerging market foreign exchange basket just witnessed its largest 4D drawdown since Lehman. That’s -5.3% being a 5.2% standard deviation move over a ten year period," h/t @Convertbond #Lira $USD …