Saturday’s News Links

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[Reuters] Take Five: Feeling Fed up again? World markets themes for the week ahead [CNBC] The Affordable Care Act is ruled unconstitutional by a federal judge, may set up a new showdown at the Supreme Court  [Reuters] British minister warns Brexit is stuck as no-deal or referendum loom [Reuters] 2018: The year volatility came home to roost [Reuters] Europe must… Read More

Weekly Commentary: The Perils of Inflationism

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December 13 – Financial Times (Chris Giles and Claire Jones): “When the European Central Bank switches off its money-printing press at the turn of this year and stops buying fresh assets, it will mark the end of a decade-long global experiment in how to stave off economic meltdowns. Quantitative easing, the policy that aims to… Read More

Friday Afternoon Links

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[Reuters] Wall Street drops on global growth fears; J&J tumbles on Reuters report [CNBC] J&J shares plunge 11% after report that the company knew for decades about asbestos in baby powder [Reuters] J&J knew for decades that asbestos lurked in its Baby Powder: Reuters [BloombergQ] China’s Seizure of Two Canadians ‘Not Acceptable,’ Trudeau Says Source: creditbubblebulletin.blogspot.com

Friday’s News Links

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[Reuters] Asian shares jolted by weak Chinese data, growth risks [BloombergQ] Stocks Drop With Yuan as China Economy Weakens: Markets Wrap [Reuters] China says on track to hit 2018 GDP growth target, faces more uncertainties next year [BloombergQ] China Debt Scrutinized More by Taiwan Banks Eyeing Trade War [BloombergQ] U.S. Leveraged Loan Funds Lose Cash at Fastest Pace Ever [BloombergQ] Bitcoin… Read More

Thursday’s News Links

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[Reuters] Asian shares surge as US-China trade thaw seen, sterling wobbles [BloombergQ] Chinese Stocks Jump as Annual Policy Meeting Fuels Easing Bets [Reuters] Oil prices rise as Sino-U.S. trade tensions show signs of easing [BloombergQ] How ‘Made in China 2025’ Frames Trump’s Trade Gripes [BloombergQ] Rich Homebuyers Are Now ‘Test-Driving’ Multimillion-Dollar Mansions [NYT] A Weakened China Tries a Different Approach With… Read More

Market Update – December 13 2018

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There’s a positive inflection point that seems to be coming up in January. First, the market is oversold. The short sellers’ selling pressure is done. Which means most have closed out their positions for gains. And makes room for more buying. Second, the Federal Reserve looks likely to pause on rate hikes. The markets reacted favorably when they hinted… 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