Global Intelligence
How many times in the last few days have we been told that Turkey – or Ukraine or Venezuela or Argentina – are too small to matter? How many comparisons of Emerging Market GDP to world GDP to instill confidence that a little crisis there can’t possible mean problems here. Putting aside this entirely disingenuous […]
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There is one main reason why complacency is bad: selloffs. Because as Bank of America explains, in an environment in which there are “too few bears”, and where investors are “not prepared for a downside correction”, when you do finally get a sell off for whatever reason, with nobody hedged and otherwise prepared for such an outcome, […]
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GIH: We now have a better picture of how some tech giants were handling NSA requests for information. Of course, we cannot be sure that this represents an accurate picture of data released. Also, many of the NSAs collection strategies such as the TAO program, involve hacking or otherwise collecting info without the consent of […]
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GIH: Latin America should not be disregarded, it was an Asian crisis in 1998 that shook worldwide markets. Brazil is a growing player in the global economy, and the Venezuelan stock market has been on a bull run. What happens in Latin America deeply affects the world. Take a look at these disturbing Forex charts: […]
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GIH: Stocks have begun their slide from their highs, in an expected sell-off accelerated by the EM Currency crisis and today’s terrible ISM report. It wasn’t complicated to see stock values couldn’t last, but the question has been ‘when’ and ‘how’ – certainly the Fed’s taper didn’t help. The Baltic Dry Index has collapsed, an […]
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GIH: Alternative investing takes a new dimension with the introduction of ‘cryptocurrencies’ – designed mostly as payment systems, the value fluctuates based on customer demand, and marketplaces offer you the ability to trade your Bitcoins for USD or EUR. Whatever your opinion if this is a valid investment, if one had purchased Bitcoin near it’s […]
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Rothschild has identified four different scenarios that, in their view, are the most likely to occur. The series of scenarios for GDP growth and inflation in the main western economies, Japan and China may guide investor thinking but their somewhat ominous conclusion is worth bearing in mind: “Further monetary ‘experiments’ are becoming less probable. However, significant imbalances […]
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GIH: The recent snows in the south have demonstrated how vulnerable the US infrastructure and economic system is even to the smallest event. A few inches of snow is rare in the South, but it does happen. Gridlock ensued on roadways, businesses shut down, there were supply shortages, and a general shutdown (although temporary) to […]
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GIH: The sentiment against the so called 1% is growing, as the gap between the ‘rich’ and ‘superrich’ has gone parabolic. The majority of the world’s wealth is now concentrated in the hands of a few thousand people. Questions are now being raised about how they are helping the economy, as the velocity of money […]
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In the past we have discussed at length the inevitable demise of the USD as the world’s reserve currency noting that nothing lasts forever. [10] However, when former World Bank chief economist Justin Yifu Lin warns that “the dominance of the greenback is the root cause of global financial and economic crises,” we suspect the world will begin […]
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