And here we thought that the WSJ report on Trump wanting to buy Greenland was a joke.
For years, this website and many others (such as Goldman), had been warning that in the brave new world of activist central banks in which there is virtually no risk left as any downturn is met with aggressive central bank interventions, there is also no liquidity as central banks themselves have displaced all other actors and have flooded the market with artificial liquifity, and as a result "liquidity has become the new leverage" when it comes to specific risks plaguing various assets, and...
China, Europe, and India, some of the world's largest industrial hubs for automobile manufacturing, have shuttered factories, laid-off workers and reduced average workweek hours, all due to an industrial slowdown that originated in the Eastern hemisphere in late 2017, early 2018. The industrial downturn has spread from East to West, now infecting the US economy.
Authored by Paul Joseph Watson via Summit News,
Sunday Start, submitted by Jonathan Garner and James Lord of Morgan Stanley
Authored by Nick Cunningham via OilPrice.com,
After a seizure warrant filed by the US Department of Justice was unsealed in a US district court late Friday authorizing US law enforcement to detain the supertanker Grace 1, since renamed the Adrian Darya, and its 2 million barrels of Iranian oil on board, Washington renewed its request to Gibraltar authorities demanding it impede the tanker's release and hand it over to the US.
With the world's focus increasingly falling on Beijing and its economy, not all are impressed by China's vision of the world in which China sees itself as increasingly taking over from the US as the world's superpower even if it means grinding through a painful trade was the US.
Following Donald Trump's upset victory in the 2016 US election, foreign diplomats who have spent over two years adjusting to Trumpian diplomacy are now coming to grips with the following;
Authored by Jeffrey Snider via Alhambra Investment Partners,
Trump's chief economic advisor, Larry Kudlow, pushed back against fears of an economic downturn on Sunday saying, “I don’t see a recession at all" when asked by guest host Dana Perino whether the Trump administration is considering concrete steps to stave off a potential recession after the 2s10s yield curve inverted last week.