How The Rich Get Richer And The Poor Get Poorer

Posted on
wealth table 1 12028129

How The Rich Get Richer And The Poor Get Poorer Via Global Macro Monitor, The power is off in Northern California but we want to get this out even though it is still in draft form.  We are working off desk and not sure when power will be restored.  Take this as our first cut… Read More

South African cement group PPC's CFO Ramano to step down

Posted on

JOHANNESBURG (Reuters) – South African cement company PPC Ltd said on Thursday Chief Financial Officer Tryphosa Ramano, who was also an executive director, is to step down on Oct. 31. Ronel van Dijk, a former CFO of Spur Corporation Ltd, has been appointed as interim CFO and as an executive director from Nov. 1 until… Read More

Stocks, Yuan, Bond Yields Spike On Trump China Tweet

Posted on
2019 10 10 6 54 42

Stocks Spike On Trump China Tweet It would appear the algos are alive and well after all. President Trump tweeted that he will be meeting the China Vice Premier tomorrow: “Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White… Read More

Setback for the Greenback

Posted on
us dollar outlook 2018 960x451

Overview: Conflicting headlines about US-China trade whipsawed the markets in Asia, but when things settled down, perhaps, like the partial deal that has been hinted, net-net little has changed. Asian equities were mixed, with the Nikkei, China’s indices, and HK gaining, while most of the others slipped lower. The 0.9% gain in the S&P 500 yesterday… Read More

Central Bank Gold-Buying Ramps Up Again

Posted on
vault 1024x749

October 10, 2019  by SchiffGold  0   0 The central bank gold-buying spree shows no signs of letting up. In fact, it ramped up again in August after ebbing slightly in July, according to the latest data released by the World Gold Council. After a relatively modest net increase of 13.9 tons in July, central banks globally took in… Read More

Saxo: 'Deal Or No Deal' Is Irrelevant At This Point

Posted on

Saxo: ‘Deal Or No Deal’ Is Irrelevant At This Point Authored by Peter Ganry via Saxo Bank, Summary:  The majority of macro indicators are pointing lower and increasing the likelihood that the global economy is already or close to a recession. More evidence from companies is released everyday indicating that Q4 is shaping up to… Read More

US Consumer Price Growth Slows As Used-Car Prices Plunge

Posted on

US Consumer Price Growth Slows As Used-Car Prices Plunge Following the unexpected plunge in producer prices, analysts expected consumer prices to rebound in September, but it didn’t as CPI was unchanged MoM and up 1.7% YoY (less than expected).   <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Source: Bloomberg Goods price inflation slowed as services prices rose…… Read More

Mish: Elizabeth Warren Blames Businesses For Everything

Posted on
2019 10 10 5 15 09

Mish: Elizabeth Warren Blames Businesses For Everything Authored by Mike Shedlock via MishTalk, Businesses are bracing for for sweeping changes, none of it any good. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Democrat front-runner Elizabeth Elizabeth wants to Remake Capitalism From the Ground Up. It would help if she had a clue what capitalism is all about. A… Read More

Monetary failure is becoming inevitable

Posted on
Water graph

This article posits that there is an unpleasant conjunction of events beginning to undermine government finances in advanced nations. They combine the arrival of a long-term trend of rising welfare commitments with an increasing certainty of a global-scale credit crisis, in turn the outcome of a combination of the peak of the credit cycle and… Read More