EMerging Equity
EM Slowdown
Chinese Dragon: Breathing Credit Fumes
By Eugen von Böhm-Bawerk Economic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models completely fail to pick up on structural shifts using Japan as an example. On the other hand, if an economy doesn’t really change much, as in the case … Continue reading
Is It 2008 All Over Again? (China Hype And Hope)
By Phoenix Capital Research The world has not yet fully realized the magnitude of the slowdown in China. The “official” China growth numbers claim the Chinese economy is plowing along at 6%. I use quotations around the word “official” because Chinese economic data points are complete fiction. Indeed, back in 2007, no less than current First … Continue reading
A Closer Look At China’s ‘Dollar’ Gap
By Jeffrey P. Snider, Alhambra Investment Partners The focus on China and the Chinese economy is not just related to its size but more so the fact that it is the pivot point for the whole global system. In pure economic terms, as “end demand” from the developed world economies slows, the Chinese economy either absorbs … Continue reading
China’s Economy Isn’t “Recovering”
By Jeffrey P. Snider, Alhambra Investment Partners You can always tell what kind of monthly variation any economic account provides from the commentary by which it is described. And there are, apparently, only two options: upward variations mean stimulus is working; downward variation just means that there will be more stimulus. Even by this crude cipher, … Continue reading
China’s Quarterly Growth Slows To 6.7%, But Shows Signs Of Stabilizing
Growth of the world’s second-biggest economy slowed to an annual rate of 6.7 percent in the first quarter of 2016, China’s National Bureau of Statistics reported Friday. It is the slowest quarterly growth for China since the financial crisis in 2009, but it is in line with forecasts and the government’s growth target of 6.5-7 … Continue reading
Secular Stagnation Would Be The Best Case, But It’s Not Even Realistic
By Jeffrey P. Snider, Alhambra Investment Partners The IMF released the first 2016 edition of its World Economic Outlook (WEO). Titled Too Slow For Too Long, it seems as if the institution has finally caught on to the fact that the global recovery never really was a recovery. Throughout the report you get the sense that they … Continue reading
Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic
By Michael Snyder Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now. For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last … Continue reading
Japan Desperately Needs A Stronger Dollar, China Desperately Wants A Weaker Dollar: The Fed Can’t Please Both
By Charles Hugh Smith The FX market is about to blow up in the Fed’s face, and there’s nothing they can do about it. Foreign exchange (FX) is a zero-sum game: if one currency weakens, another must strengthen. Since the value of a currency is relative to other currencies, all currencies can’t weaken together: at least … Continue reading
China To Invest Nearly $1 Trillion In 2016 On Infrastructure, High-Tech Research And Development
Beijing is set to invest over 6 trillion yuan ($926.6 billion) this year in the country’s high-tech research and development, as well as infrastructure development, including railway, fixed assets, water conservancy projects, local media reported on Thursday. The aim is to help develop sectors such as transportation, environment protection, urban planning, and tourism. Fixed asset investment … Continue reading
Mexican Congress Lays Legal Foundation For Martial Law
By Neil Hardt A commission of the Mexican Chamber of Deputies voted overwhelmingly on March 29 to approve an amendment to the Mexican Constitution granting the president dictatorial powers to establish a state of emergency and suspend democratic rights. Under the proposed amendment, which will now proceed to a vote in the full chamber, Article … Continue reading
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