Silver as an investment

Category Archives: Gross Domestic Product

BoE Deputy Governor Gives Crazy Speech Warning Markets Have Underestimated Rate Rises

On 2 November 2017, the Bank of England raised rates for the first time in a decade and Sterling’s initial rise was promptly sold off by forex traders as we discussed. The 7-2 vote by the Monetary Policy Committee was not the unanimous decision some had expected, while Cunliffe and Ramsden saw insufficient evidence that […]

Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage

The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today’s critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines […]

How Economics Failed The Economy

Authored by Umair Haque via Eudaimonia blog, When, in the 1930s, the great economist Simon Kuznets created GDP, he deliberately left two industries out of this then novel, revolutionary idea of a “national income”: finance and advertising. Don’t worry, this essay isn’t going to be a jeremiad against them, that would be too easy, and […]

Why So Many (In The West) Are So Pissed Off

Via BusinessCycle.com, Campaigning to “Make America Great Again,” Donald Trump swept to the presidency last November 8, buoyed by a wave of anger and sense of betrayal in the American heartland. He knew that, for many, the American Dream had receded inexorably beyond reach, lingering only in distant memories. Critically, American parents no longer expect […]

This Chart Warns America’s Opioid Crisis Is About To Get Worse

The simple chart below from the United Nation’s Office on Drugs and Crime beautifully illustrates the next leg up in America’s opioid crisis.  If you thought today’s situation was bad – think again. Afghanistan, the world’s largest producer of opium just logged a record crop harvest this year doubling last year’s production. Some how – some way, […]

Eurozone Inflation Unexpectedly Cools

In the latest headache for Mario Draghi, the Eurozone's closely watched CPI weakened to 1.40% year-on-year in October 2017 versus expectations of 1.50% and a reading of 1.50% the previous month. As a reminder, according to the ECB's September forecast, HICP inflation is expected to rise to 1.5%, leaving little margin for deflation in the […]

Don’t Fight the Fed

Alexander Hamilton, George Washington’s Treasury Secretary, in his first “Report on the Public Credit” in 1790, put forth the concepts of “assumption” and “redemption.” He argued that the federal government should assume the Revolutionary War debt and pay those debts at “face value”  in full to the bearers of such debt on demand. In order […]

Natixis Warns, US Economy Will “Slow Down Substantially” In 2018

As US GDP growth rises at 3% or more for the second quarter in a row, French investment bank Natixis urges investors to prepare for the U.S. economy to "slow down substantially" as early as 2018. Patrick Artus, chief economist at Natixis, warned that the current level of corporate investment is "abnormally high" and suggested […]

Rand Volatility Surging Ahead Of ANC Leadership Conference

Volatility in the Rand is surging in the run up to a conference when the ruling ANC could replace Jacob Zuma as its leader. According to Bloomberg, the South African rand’s price swings are set to increase over the next two months as the ruling African National Congress prepares to replace President Jacob Zuma as […]

Kyle Bass Warns: Xi Has “Built The Chinese Economy On A Foundation Of Sand”

Earlier this week, Chinese leader Xi Jinping became the third ruler in the communist country’s history to have his named enshrined in its constitution – and the first to receive this honor while still alive. But as China celebrates its most popular, and most powerful, leader since at least Deng Xiaoping, Kyle Bass, hedge fund […]