Another Oil Crash Is Coming, and There May Be No Recovery – Tom Randall Bloomberg February 24, 2016 In the Next New Economy which could get underway within a decade, superior electric cars could wreck oil markets. (See also DBP page 79)
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Global Leaders must act now as fresh downturn looms, warns OECD Szu Ping Chan The Telegraph, February 18, 2016
Global Leaders must act now as fresh downturn looms, warns OECD Szu Ping Chan The Telegraph, February 18, 2016 The OECD implores global leaders to deploy a “full set of tools” to prevent another slowdown. Higher investment, loose monetary policy and structural reforms are needed to boost the recovery and ward off the financial stability […]
Europe in Crisis Over Sex Attacks by Migrants Amid Calls for Emergency EU Meeting – Peter Foster, Justin Huggler, Richard Orange The Telegraph January 8, 2016
The European migrant crisis now reaching a pitch in Germany raises the spectre of yet another blow to European Union unity and social stability. This has grave implications for the global economy as the EU is a major importer of goods from China, the US and Canada. In the event of a breakup, all trading […]
Capital flight pushes China to the brink of devaluation – Andrew Evans-Pritchard The Telegraph January 7, 2016
Fears that China will enter into currency wars in order to promote its exports and send a powerful deflationary impulse through a world economy already on its knees has sent Brent crude crashing to an 11 year low of $32.20 and a parallel drama on Chinese and other equity markets.
China’s Stock Traders Go Home After 29 Minutes – Bloomberg January 6, 2016
Less than half an hour. That’s how long China’s stock markets were open before declines triggered automatic circuit breakers, shutting down trading for the day.
“We Frontloaded a Tremendous Market Rally” Former Fed President Admits, Warns “No Ammo Left” – Tyler Durden ZEROHEDGE January 5, 2016
Former Dallas Fed chairman Richard Fisher admits the Federal Reserve Board overinflated the markets and that China alone should not be blamed for the current market declines.
Foreign banks in China could face curbs if they snub gold benchmark – A. Ananthalakshmi Reuters January 5, 2016.
Derived from a contract to be traded on the state-run Shanghai Gold Exchange, the Chinese benchmark is set to launch in April, potentially denting the relevance of the current global standard, the U.S. dollar-denominated London price.
Canada’s manufacturing activity hits record low in December – Reuters January 4, 2016
The Kondratieff Winter gains another foothold in the Canadian economy.
Saudi showdown with Iran nears danger point for world’s oil markets – Andrew Evans-Pritchard The Telegraph January 4 2016
Saudi Arabia’s drastic decision to behead the Shia cleric Nimr al-Nimr marks a point of no return in the bitter Sunni-Shia conflict engulfing the region. It is a dangerous escalation in the Kingdom’s struggle with Iran for regional hegemony. Saudi oil runs through pipelines in the Shia heartland, now seething with fury, Evans-Pritchard writes. A […]
ZEROHEDGE’s greatest hits of 2015 – Tyler Durden ZEROHEDGE December 31, 2015
An entertaining and enlightening collection of headlines. ISIS, Walmart, Central Banks and Chinese dumping of Treasuries lead the pack.