From Bloomberg: Global bond markets have suffered unprecedented losses since peaking last year, as central banks including the Federal Reserve look to tighten policy to
From Pepe Escobar via the Strategic Culture Foundation: The “rules-based international order” – as in “our way or the highway” – is unraveling much faster
From Sovereign Man’s Simon Black: At approximately 9am local time on February 21, 1972, a Boeing 707 airplane dubbed Spirit of ‘76 landed in Shanghai’s
A thread just appeared on Twitter in which a couple of people who seem to understand the commodity trading business explain the nightmare that now
Excerpted from Lyn Alden’s March 2022 Newsletter: The global economy, in a blank-sheet-of-paper naïve design that disregards the complicating factors of geopolitics, basically says this:
From MarketWatch: The shockwaves are still being felt by the incredible Western sanctions that have rendered the $630 billion in reserves the Russian central bank
From International Man: “It’s possible to have more than one reserve currency.” These are the recent words of Jerome Powell, the Chairman of the Federal
Excerpted from the Great Recession Blog: For almost two years (starting in 2020 before you could see any consumer inflation at all), I have faithfully
This morning’s jobs report was about as good as it gets, in terms of the number of people finding work. See February jobs rose a
From the Nestmann Group: For most of human history, “money” was a physical commodity. Ancient peoples traded gold, silver, beads – even giant stone disks.
From Shanmuganathan “Shan” Nagasundaram, CIO of “Plus43 Capital”: In the Agathe Christie fable of Murder on the Orient Express, the most affable detective Hercule Poirot,
Excerpted from International Man: “We are broadening the scope of Canada’s anti-money laundering and terrorist financing rules… As of today, a bank or other financial
From MN Gordon at Economic Prism: Do you want to make a fortune? Then open a Lamborghini dealership in the Midwest. That’s what investment biker
US headline inflation exceeded 7% in 2021. But rent increases put the Consumer Price Index to shame, soaring an average of 13.5%. And within that
Cars used to be the quintessential depreciating asset. Drive a new one off the lot and you were immediately down 40%. Subsequent declines were slower,
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