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China’s Dollar Problem Puts the Sync In Globally Synchronized Downturn

By |2019-10-16T16:49:25-05:00October 16th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Because the prevailing theory behind the global slowdown is “trade wars”, most if not all attention is focused on China. While the correct target, everyone is coming it at from the wrong direction. The world awaits a crash in Chinese exports engineered by US tariffs. It’s not happening, at least according to China’s official statistics. [...]

China Nastier Number Four

By |2019-09-16T13:38:36-05:00September 16th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Officials in China seem to be taking a page out of Mario Draghi’s playbook. Before Europe was pushed to the bring of recession, the President of Europe’s central bank would downplay any weakness in the European economy. In 2018 especially, Draghi frequently referred to 2017 as if it was something special. No cause for concern, [...]

Is The Negativity Overdone?

By |2019-09-09T18:40:36-05:00September 9th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Give stimulus a chance, that’s the theme being set up for this week. After relentless buying across global bond markets distorting curves, upsetting politicians and the public alike, central bankers have responded en masse. There were more rate cuts around the world in August than there had been at any point since 2009. And there’s [...]

China Throws More ‘Stimulus’ At The Wall

By |2019-08-27T12:31:19-05:00August 27th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Earlier this year, Chinese authorities reduced the VAT tax the government charges auto manufacturers. Intended to boost consumption, the levy was reduced from 16% to 13% in the hope automakers would pass along the savings to consumers. Many if not most manufacturers did. The results were immediate, and fleeting. In the month of March 2019, [...]

The Fingerprints of Bumbling (China)

By |2019-08-21T17:46:46-05:00August 21st, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

For a cabal of superpatient supergeniuses, the Chinese tend to play with fire quite often. According to many, the Communists have perfected the art of technocracy and are merely waiting out the impetuously free West. The dollar system will destroy itself (there’s the kernel of truth) allowing a perfectly positioned China to swoop in and [...]

China’s Superplan; Or, The Familiar (Dollar) Disorder of Bumbling Failure

By |2019-08-20T12:06:39-05:00August 20th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Always aspiring to technocratic greatness, China’s Communist Party is set up to run like clockwork. It’s supposed to go off in predestined fashion, a course programmed into the vast apparatus by highly proficient experts. It is, or is supposed to be, comforting that order and control over the complex main spheres of daily life can [...]

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