The British pound has bounced back on Tuesday, after starting the week with losses. Currently, GBP/USD is trading at 1.3622, up 0.79% on the day. BoE...
The Chinese yuan is adding to its strong start to 2021 against the US dollar on Tuesday. The yuan, which has been one of the top-performing currencies in foreign exchange markets over the last eight months,...
Last week, IHS Markit reported that sentiment in Mexico’s factory sector had slipped again during December 2020. The organization’s manufacturing PMI had declined for the second...
Rickards: Biden Will Face New Depression Authored by James Rickards via The Daily Reckoning, Economic growth or decline is the result of factors that are larger...
This is a talk I gave for IGIER at Bocconi (zoom, sadly) Jan 11 2021. Olivier Blanchard also gave a talk and a good discussion followed....
The U.S. government is sending another round of checks meant to stimulate economic activity during the coronavirus pandemic. How will Americans spend their stimulus checks? In...
Key Events This Busy Week: Trump Impeachment #2, Powell Speaks; Inflation Data, Earnings Season Starts In another week which will likely be dominated by political events...
What Is The Yield On The 10Y That Will Burst The Stock Bubble? Here Is The Answer Now that the deflation narrative which marked most of...
1 Person Vs 10.7 Million... On Thursday, Tesla (+7.84) yesterday gained the market cap ($56bn) of nearly one GM or 1.6x Fords and in the process...
Attention slowly shifting from US politics What an extraordinary start to the year. While next week should be much quieter, it won’t be without action. US...
Peter Schiff: We Don't Get Any Government For Free Via SchiffGold.com, Last September, Peter Schiff warned during an interview on RT Crosstalk about the devaluation of the...
Combine years of ludicrous leverage and the pandemic collapse, and many companies are living on borrowed time.
The 2021 Reflation Trade In 6 Charts In case you needed further convincing that the reflation trade is still on (other than this morning's futures rally...
In 2019, I discussed the disconnect between the markets and the economy. After years of Central Bank interventions, stock markets have soared to record highs, while...
Prediction Consensus: What The 'Experts' See Coming In 2021 Authored by Nick Routley via VisualCapitalist.com, Making predictions is a tricky business at the best of times,...
To a 14 year high (in absolute terms, not as a share of GDP). Shrinkage in US-China deficit stalls. Figure 1: US goods and services trade...
Vltava Fund’s letter to shareholders for the fourth quarter ended December 2020,discussing the three types of inflation being: monetary inflation, asset price inflation, and consumer price...
The assault of the US Capitol on Wednesday failed, allowing Congress to certify Joe Biden’s election victory after a harrowing day in Washington. But the challenges...
Three Records Broken In 2020 That Were Less Than Ideal Authored by Michael Maharrey via SchiffGold.com, With the coronavirus pandemic serving as a backdrop, 2020 was...
BRIC's manufacturing PMIs for 4Q 2020 were covered here: https://trueeconomics.blogspot.com/2021/01/4121-bric-manufacturing-pmis-4q-2020.html. Now, to Services PMIs:Brazil Services PMI rose from 47.5 in 3Q 2020 to 51.4 in 4Q 2020,...
FOMC Minutes Preview Submitted by NewSquawk Preview: FOMC December meeting minutes due 6th January at 19:00GMT/14:00EST MEETING RECAP: The FOMC held the FFR target between 0.00-0.25%....
China Again Denies Pathetic WHO Access To Investigate COVID Outbreak Authored by Steve Watson via Summit News, It is now over a year since the coronavirus...
It’s a new year, and a good time to choose new stock to line the portfolio. Investment banking giant Goldman Sachs has been watching the markets...
Japan’s Covid-19 cases reached a new daily record on Jan. 6, as the government faced mounting pressure from health experts to impose a strict state of...
US Services Sector Disappoints In December As Costs Soar After US Manufacturing PMI 'surprisingly' beat and jumped to 7 year highs (thanks to the fallacy of...
Paul Gruenwald, S&P Global Ratings’ global chief economist, believes that sectoral GDP is a must-watch data point for 2021 and beyond as the COVID-19 recovery unfolds....
Here Are The Top 5 Consensus Trades As We Enter 2021 At the start of every year, the Wall Street consensus is infatuated with a set...
China is due to surge ahead, but there is bad news for other developing countries.
World Out Of Whack: Global Market Commentary And Outlook Submitted by Ritesh Jain of World Out Of Whack Today, much like in the past, it is...
It is always Christmas in Washington. This particular holiday season, politicians raced to the bottom of the fiscally incoherent barrel. What started as a $600 direct...