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Showing posts from April, 2018

US is the only country with growing debt levels - Deutsche: Is The US Headed For An Imminent Debt Crisis? Here Are The Signs - Zerohedge

Deutsche: Is The US Headed For An Imminent Debt Crisis? Here Are The Signs - Zerohedge

Visualizing The Pension Time Bomb: $400 Trillion By 2050 - Zerohedge

ECB Tells Deutsche Bank To Simulate A "Crisis Scenario" - Zerohedge

Perhaps, but never until now was Europe's biggest bank asked to quantify how the abrupt end of its banking business, with its associated €48.3 trillion in gross notional derivatives, would affect both the bank itself, and would percolate across markets. Source: ECB Tells Deutsche Bank To Simulate A "Crisis Scenario" - Zerohedge

America's Future No Longer "Looks Sustainable In A Market Context": Deutsche - Zerohedge

US-China rivalry will shape the 21st century - Financial Times

The threat is the decadence of the west, very much including the US — the prevalence of rent extraction as a way of economic life, the indifference to the fate of much of its citizenry, the corrupting role of money in politics, the indifference to the truth, and the sacrifice of long-term investment to private and public consumption. It is indeed a tragedy that the best way we could find to escape from a financial crisis was via monetary policies that risked promoting new bubbles. We could be better than this. Source: US-China rivalry will shape the 21st century - Financial Times

US-China rivalry will shape the 21st century - Financial Times

Assume that by 2040, China achieves a relative GDP per head of 34 per cent at market prices and 50 per cent at PPP. This would imply a dramatic slowdown of the rate it is catching up (a fall of around 70 per cent from the rate since 2000, starting in 2023). China’s economy would then be almost twice as big as that of the US at PPP and almost 30 per cent larger at market prices. (See charts.) Source: US-China rivalry will shape the 21st century - Financial Times

Venezuela's annual inflation rate continues to skyrocket. Calculated rate for today (4/13/18) is 13,357% - Prof. Steve Hanke Twitter

US Reports Biggest Trade Deficit Since The Financial Crisis - Zerohedge

Meanwhile, the countries that should be worried they are about to fall in Trump's trade war sights and resulted in a US trade deficit, included China ($34.7), European Union ($15.3), Germany ($6.7), Mexico ($6.6), Japan ($6.0), Italy ($2.8), OPEC ($2.3), India ($1.9), Taiwan ($1.5), France ($1.4), South Korea ($1.1), Saudi Arabia ($0.4), and Canada ($0.4). More importantly, it's not just China:the deficit with Mexico increased $1.0 billion to $6.6 billion in February, while the deficit with Germany increased $0.4 billion to $6.7 billion in February. Meanwhile, the deficit with Canada decreased $1.2 billion to $0.4 billion in February. Finally, if you want to get Trump really mad, tell him that when stripping away petroleum products - which recently saw record US exports thanks to shale -the US trade deficit has never been greater.
Source: US Reports Biggest Trade Deficit Since The Financial Crisis - Zerohedge

US Reports Biggest Trade Deficit Since The Financial Crisis - Zerohedge

Trump will hardly be happy to learn that not only did the US trade deficit grow by 1.6% in February from $56.7BN to $57.6BN, missing expectations of a $56.8BN print, but was the highest monthly trade deficit going back ten years, just as the financial crisis was warming up back in 2008.


 Source: US Reports Biggest Trade Deficit Since The Financial Crisis - Zerohedge

Venezuela’s Inflation Rate at 7849% Based On More Reliable AirTM’s Black-Market Exchange-Rate Data - Zerohedge

Salario mínimo venezolano es de $1,50 dolares al mes - Dolar Today

Monetary Reform Would Rebalance Trade - The dollar’s status as global reserve currency is as responsible as bad agreements for the deficit - WSJ

"In 1973 the world held $500 billion in foreign-exchange reserves (in 2017 dollars); last year it was $11 trillion, a 22-fold increase. About two-thirds of total reserves are now denominated in dollars. Because of high global demand, the dollar’s international position is always stronger and U.S. interest rates are lower than they would be otherwise. This, in turn, means that America’s budget and trade deficits swell in tandem, while U.S. exports are costlier and imports are cheaper, regardless of trade practices."
Source: Monetary Reform Would Rebalance Trade - The dollar’s status as global reserve currency is as responsible as bad agreements for the deficit - WSJ