Saturday’s News Links

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[Reuters] Wall St. Week Ahead: May be time for growth to run out of gas [AP] US and China extend trade talks; Xi-Trump meeting may follow [Reuters] Fed’s policy pause sets stage for broad overhaul [CNBC] Warren Buffett wants to make an ‘elephant-sized’ purchase, but says ‘prices are sky-high’ [Reuters] Chancellor: A 300-year lesson in bubble inflation [Reuters] Global Sovereign… Read More

Weekly Commentary: Dudley on Debt and MMT

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December’s market instability and resulting Fed capitulation to the marketplace continue to reverberate. At this point, markets basically assume the Fed is well into the process of terminating policy normalization. Only a couple of months since completing its almost $3.0 TN stimulus program, the markets now expect the ECB to move forward with some type… Read More

Friday’s News Links

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[Reuters] Asia shares fall as weakening global outlook offsets trade progress [Reuters] U.S., China haggle over toughest issues in trade war talks [Bloomberg] Fresh Slowdown in China Home Prices Turns Spotlight on Beijing [FT] China home price growth climbs to 19-month high [FT] No-deal sets the stage for Brexit’s biggest negotiations [FT] Why investors in India are still spooked by the… Read More

Weekly Commentary: No Holds Barred

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The world is now fully embroiled in a most precarious period. I wonder if the Fed is comfortable seeing the markets dash skyward – the small caps up 16.4% y-t-d, the Banks 15.9%, the Transports 15.2%, Biotechs 18.5% and Semiconductors 17.0%. Or, perhaps, they’re quickly coming to recognize that they are now fully held hostage… Read More

Sunday’s News Links

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[Reuters] Wall St Week Ahead-Fed pause validates market fears about U.S. growth [Reuters] China’s services sector moderates in January but still solid: Caixin PMI [Reuters] May will seek ‘pragmatic’ solution to Brexit deal in Brussels [Reuters] Trump says sending military to Venezuela ‘an option’: CBS [WSJ] Bond Rally Suggests the Stock Market Honeymoon Is on Borrowed Time [WSJ] Small Businesses Are… Read More

General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble

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America’s twin economic “generals” are both in very deep trouble.  General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet.  But now it is drowning in so much debt that it may be forced into bankruptcy.  General Motors was founded in 1908, and at one… Read More

That Escalated Quickly: The Emerging Market Currency Crisis Of 2018 Threatens To Destabilize The Entire Global Financial System

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We haven’t seen emerging market currencies crash like this in over a decade, and analysts are warning that if this continues we could witness a devastating global debt crisis.  Over the past decade, there has been an insatiable appetite for cheap loans in emerging market economies, and a very substantial percentage of those loans were… Read More