Emerging Markets: Week Ahead Preview

Emerging Markets: Week Ahead Preview

By Marc Chandler. (from my colleague Dr. Win Thin) EM FX ended the week under pressure, as US data points to a rate hike in December and perhaps more in 2018.  FOMC minutes this Wednesday will be closely studied for clues.  US retail [...]
Is Bitcoin a Fraud?

Is Bitcoin a Fraud?

By Barry Ferguson. Is bitcoin a fraud? Jamie Dimon, CEO of JP Morgan Bank thinks so. That’s what he called bitcoin at a bankster meeting yesterday. Funny, if anyone should know fraud when they see it, it is Mr. Dimon.Mr. Dimon’s bank deals [...]
Is Bitcoin a Fraud?

Is Bitcoin a Fraud?

By Barry Ferguson.    Is bitcoin a fraud? Jamie Dimon, CEO of JP Morgan Bank thinks so. That’s what he called bitcoin at a bankster meeting yesterday. Funny, if anyone should know fraud when they see it, it is Mr. Dimon. Mr. Dimon’s [...]
US Tax Reform and the Fed

US Tax Reform and the Fed

By Marc Chandler. Yesterday US President Trump formally launched his campaign for tax reform.  The Big Six (Mnuchin and Cohn for the administration, McConnell, and Hatch from the Senate and Ryan and Brady from the House) had been meeting [...]
NAFTA: Rock, Paper, Scissors

NAFTA: Rock, Paper, Scissors

By Marc Chandler.   The North American Free Trade Agreement is more than 20 years old and should be updated.  This has been clear for several years.  It was anticipated that the upgrade would be part of the Trans-Pacific Partnership, [...]
Great Graphic: Unemployment by Education Level

Great Graphic: Unemployment by Education Level

By Marc Chandler. The US reports the monthly jobs data tomorrow.  The unemployment rate stood at 4.4% in June, after finishing last year at 4.7%.  At the end of 2015 was 5.0%.  Some economists expect the unemployment rate to have slipped [...]
The Dollar may Need more than a Strong Employment Report

The Dollar may Need more than a Strong Employment Report

By Marc Chandler.   The tide of sentiment has turned against the dollar.  The enthusiasm seen in the second part of last year,  when the real broad trade weighted dollar rose in seven of the last eight months have been put into [...]
The War On Cash: Australia Considering Chipping Senior’s Money To Stop Them From Saving

The War On Cash: Australia Considering Chipping Senior’s Money To Stop Them From Saving

By Jeff Berwick.   Ten years ago I wrote on my personal travel blog, “Australia sucks“. In it I detailed, “Australia seems to have more rules than any other country on the planet I have visited. There are signs outlining [...]
Emerging Markets Preview: Week Ahead

Emerging Markets Preview: Week Ahead

By Marc Candler.   (from my colleague Dr. Win Thin) EM FX was mixed Friday to cap off a mostly lower week.  Obviously, we’re seeing a bit of a washout in EM after the hawkish FOMC.  Market was overly complacent and very long EM [...]
Ahead of Central Bank Meetings, Politics Dominates

Ahead of Central Bank Meetings, Politics Dominates

By Marc Chandler.   The US dollar is trading within its pre-weekend range against the major currencies as participants await the central bank meeting starting in the middle of the week.  The Federal Reserve, Bank of England, and [...]
The Opaqueness of US Economic Policy

The Opaqueness of US Economic Policy

  By Marc Chandler.   It is not just the fear that the investigations into Russia’s attempt to influence the US election willdistract from the Trump Administration’s economic program.  It is also that the economic agenda [...]
Markets Adjust to North Korean Threat, Fifth Fall in US Oil Inventories and Trump Drama

Markets Adjust to North Korean Threat, Fifth Fall in US Oil Inventories and Trump Drama

By Marc Chandler.   Investors absorbed a few developments that might have been disruptive for the markets with little fanfare.  North Korea’s ambassador to the UK warned that his country would go ahead with its sixth nuclear [...]
Curtains for Global Financial Regulation

Curtains for Global Financial Regulation

  By Peter J. Wallison.   Last Wednesday was Daniel Tarullo’s last day as a Federal Reserve governor. As the Fed’s point man on banking regulation since 2009, he played a key role in the Obama administration’s attempt to create [...]
Markets Limp into Month End

Markets Limp into Month End

Marc Chandler.   Equity markets are stalling into the end of the month.  MSCI Asia-Pacific Index is snapping a six-day advance, and the week’s gain was sufficient to extend the advancing streak for the fourth consecutive [...]
Two Billion People Depend On Imported Food

Two Billion People Depend On Imported Food

The Daily Journalist   Researchers show empirically: when population pressure increases, food is imported The Earth’s capacity to feed its growing population is limited – and unevenly distributed. An increase in cultivated land [...]
The Brexit War! EU Fearing Collapse Set to Stoke Scottish Independence Proxy War

The Brexit War! EU Fearing Collapse Set to Stoke Scottish Independence Proxy War

  By Nadeem Walayat.   On Wednesday 29th May 2017 Theresa May’s post man in Brussels hand delivered a 6 page letter to Donald Tusk the President of the European Council, triggering Article 50 of the Lisbon Treaty starting the [...]
The Unaccountable Military Industrial Complex Is Destroying America and the Rest Of The World Too

The Unaccountable Military Industrial Complex Is Destroying America and the Rest Of The World Too

By Jeff Berwick.   On Jan. 17, 1961, US President [...]
The US Government Hits Its Debt Target (Ceiling) Again As Trump Has No Plan To Reduce Size of Government

The US Government Hits Its Debt Target (Ceiling) Again As Trump Has No Plan To Reduce Size of Government

    By Jeff Berwick. .   Many people fell for Donald Trump’s pre-election promises, but we warned there would be no major changes made and that Trump was an elite insider. How right we were. Here was a list of his biggest [...]
Companies That “Cheat” On Their Income Taxes

Companies That “Cheat” On Their Income Taxes

By Alan Singer. I met with my accountant on Monday. The bad news is once again I owe additional federal income taxes. I don’t have a fancy lawyer or any special tax breaks – so I paid. A little painful, but I figure I am paying [...]
Bonds and Equities Rally, Dollar Heavy

Bonds and Equities Rally, Dollar Heavy

By Marc Chandler.   Hit by profit-taking ahead of the weekend, despite US jobs data that remove the last hurdle to another Fed hike this week, the greenback remains on the defensive.  It has softened against all the major currencies [...]