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AGelbert

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Re: Money
« Reply #390 on: June 20, 2018, 02:55:10 pm »

Trump 🦀Now Threatens Tariffs on All Goods from China: $450 Billion

by
Mike Mish Shedlock
22 hrs
-edited
The markets are reeling a bit today and bond yields are falling on news of escalating trade war threats.

China pledged to strike back on Trump's announcement of $200 billion worth of tariffs on Chinese goods. But before China could even respond, Trump threatened to put a tariff on all goods from China in belief the US Can Win a Trade War With China.

Peter Navarro, a White House trade adviser, said on Tuesday morning that the United States had given China numerous opportunities to negotiate and change policies that have cost Americans millions of jobs, and the Trump administration was now prepared to impose tariffs on $450 billion of Chinese goods in order to force Beijing to bend.

“President Trump has given China every chance to change its aggressive behavior,” Mr. Navarro said in a call with reporters. “China does have much more to lose than we do,” he added, saying that a trade clash would affect China much more than the United States, given China exported nearly four times the value of goods to the United States last year than the United States sent back.

"Winning" Defined

Trump has a peculiar definition of winning. If the US loses less than China, that's called "winning".

US Goods Exports to China


Fred does not have a similar chart for US imports to China.

How can China impose like tariffs? Answer: It can't, directly, on goods as shown by the following Census Department Foreign Trade Charts.

US Goods Trade With China in 2018


US Goods Trade With China in 2017



In 2017, China imported about $130 billion in goods from the US. The US imported $505 billion in goods. The US has a small trade surplus on services.

The charts show China will have a difficult time retaliating if Trump does indeed place tariffs on all goods from China.

Lose-Lose

It is on this lose-lose basis that Trump 🦍 expects to "win".

Note that "winning" will increase costs of all US manufactured goods that use any parts from China. In regards to steel alone, the US has about 140,000 steel production jobs. The US has about 6.5 million jobs that depend on steel.

Winning by Losing

1. A Fed study shows "Tariffs Kill High-Paying American Manufacturing Jobs and Businesses".

2. Auto job losses alone are likely to hit 45,000 as noted in Pandora's Box: Another Look at Steel Tariffs.

3. On June 8, I noted Three US Tire-Chord Makers Threaten to Close Doors Due to Trump Tariffs.

Trump believes China will lose more. This we call "winning".

Mike "Mish" Shedlock

https://www.themaven.net/mishtalk/economics/trump-now-threatens-tariffs-on-all-goods-from-china-450-billion-8DJfbiiFxUqHbdB7-XDhQQ/

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AGelbert

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Re: Money
« Reply #391 on: June 25, 2018, 01:56:01 pm »
"Somebody Needs Their Head Examined"  Dallas Fed 👹 💵 🎩
Survey Respondents Fume As Stagflation Looms

by Tyler Durden

Mon, 06/25/2018 - 10:59

The Dallas Fed survey of Texas manufacturing soared to 36.5 in June (from 26.8 ), back near its highest since 2004. The problem, however, is this spike is being driven by soaring prices as production slows - flashing a big red stagflationary alarm once again.

We have seen this stagflationary surge before - it led a recession in 2008 and prompted QE2 in 2011...


And perhaps just as worrisome for the micro-picture is the pressure on margins and prices paid soar more aggressively than prices received... for now...
 

Respondents are clear...

Nonmetallic Mineral Product Manufacturing

The price of steel raw materials is causing costs to increase.

Fabricated Metal Product Manufacturing

Steel tariffs to NAFTA partners is a mistake. Higher steel prices could slow down strong projects and the manufacturing recovery which started in fourth quarter 2017.

I can’t believe the effect the tariff response has had on the metals trade. Somebody needs their head examined if they think this is good for the American economy.

We are about to raise prices for the first time in six years due to the rising cost of steel and aluminum. That is going to cause some uncertainty, with our customers looking elsewhere to purchase the products we manufacture.

Machinery Manufacturing

There is lots of uncertainty among manufacturers regarding the impact of the steel tariffs. Even steel sourced from the U.S. is rapidly increasing in price due to capacity constraints.

We are operating at the lowest levels of our 70-year history. Chinese imports continue to depress pricing of our products.

Inflationary pressures are of concern. Freight costs per mile are up. Metals are costing more, impacting a large number of purchased parts. Tariff escalation is not going to help.

Business remains strong.

President Trump—trade, tariffs and diplomacy—is leading to more uncertainty.

Printing and Related Support Activities


The lingering effects of Hurricane Harvey have still impacted our volume. Through May, our volume is down 7 percent from last year at this time.

We are busy now because of a large single order that we entered in May and that is being worked on now and into July. We are feeling the need to raise labor wages, which will require a price increase, but since all our materials seem to be increasing in cost, why should we miss an opportunity to include a small increase to cover rising wages? I am very concerned long term about this goofiness with tariffs and possible foreign-country retaliation. Much of what we use in materials and equipment comes from Europe and a little from Asia.

Food Manufacturing

Tariffs impacting the price of stainless steel are a concern. We also are in an agriculture-related environment, and commodity price increases and stability are of concern.

Apparel Manufacturing

The Army 🦍is ordering huge volumes of apparel 👹, which we anticipate will continue for another nine months.

Paper Manufacturing

We see a slight softness in order volume. We will wait and see how July turns out.

We lost a large contract, and it will decrease our production for the short term. We expect to get additional new business to replace it.

But - after all that - The Dallas Fed Survey rebounded dramatically?


https://www.zerohedge.com/news/2018-06-25/somebody-needs-their-head-examined-dallas-fed-survey-respondents-fume-stagflation?


Agelbert NOTE: Truth filled quote by bshirley1968:

Quote
bshirley1968  Mon, 06/25/2018 - 11:36

I have said all along that the tariff meme was just a strategy to get prices to go up.

The Fed has been juicing the economy for 10 years and can't get the "inflation" they want.  In a debt ridden, fiat system, falling prices are called the dreaded "deflation" (good for consumers but bad for banksters) and will lead to a recession and eventually a depression.

Got to get prices up......no matter what.  I know, let's start a trade war that will increase prices on everyone and tell them we are "winning" by getting back at the mean ole Chinese for taking all our manufacturing jobs.  Sheeple will pay higher prices and tell everyone to quit bitching....."You are doing it for your country!"  Much like that POS that made the first post on this article.

Didn't you know?  It's patriotic to pay higher prices to keep banks solvent and your government in power.  If paying more is what it takes to make Trump look good, hell, that's easy!  Dumbasses!
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AGelbert

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Re: Money
« Reply #392 on: June 25, 2018, 09:55:23 pm »
Trump's 🦀 tariffs may kill the e-bike revolution

Just when the market for e-bikes was exploding, it gets blown up.

But in North America, e-bikes are just getting started, and this tariff might just strangle the industry at birth. Which is probably the whole point.

Of course it is. Just as you nailed the point earlier in a different post on the pending stagflation, which I'm going to repost because it is the truest thing I've read all day:

Quote
Agelbert NOTE: Truth filled quote by bshirley1968:

I have said all along that the tariff meme was just a strategy to get prices to go up.

The Fed has been juicing the economy for 10 years and can't get the "inflation" they want.  In a debt ridden, fiat system, falling prices are called the dreaded "deflation" (good for consumers but bad for banksters) and will lead to a recession and eventually a depression.

Got to get prices up......no matter what.  I know, let's start a trade war that will increase prices on everyone and tell them we are "winning" by getting back at the mean ole Chinese for taking all our manufacturing jobs.  Sheeple will pay higher prices and tell everyone to quit bitching....."You are doing it for your country!"  Much like that POS that made the first post on this article.

Didn't you know?  It's patriotic to pay higher prices to keep banks solvent and your government in power.  If paying more is what it takes to make Trump look good, hell, that's easy!  Dumbasses!

Yup. It's gonna be one WILD RIDE. 💥

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AGelbert

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Re: Money
« Reply #393 on: June 28, 2018, 09:59:59 pm »
Agelbert LAMENT: The BOOMING global economy is too busy making money from the sale of hydrocarbons to CARE about increasingly deadly Global Warming.  :(

The Expanded Panama Canal Just Turned Two: Here Are Some Facts, Figures and Highlights the First Few Years of Operation


June 27, 2018 by gCaptain

Photo: Panama Canal Authority

The Panama Canal on Tuesday marked the two-year anniversary of the inauguration of Expanded Panama Canal, the largest enhancement project in the waterway’s 103-year history.

To date, the Canal has transited 3,745 Neopanamax vessels, exceeding the performance exceptions of Expanded Canal’s Neopanamax Locks.

“Two years ago, we pledged to usher in a new era for world commerce,” said Panama Canal Administrator Jorge L. Quijano. “Today, as we reflect upon our countless achievements and ever-expanding impact, we proudly reaffirm this commitment to the global maritime community.”

Over the past two years, the Panama Canal has recorded a number of notable milestones thanks to expansion project. In May, the canal set a new monthly tonnage record of 38.1 million tons (PC/UMS), the third such time the waterway has set a monthly tonnage record in the past two years.

May also saw the transit of the Panama Canal’s largest cruise ship to date, the Norwegian Bliss, at more than 168,000 gross tons and carrying nearly 5,000 passengers.

The transit of the largest capacity container vessel to-date, the CMA CGM Theodore Roosevelt, with a Total TEU Allowance (TTA) of 14,863.

The Panama Canal Authority, which is responsible for managing the canal, says increased experience with the Neopanamax Locks and continued investment into its operations have allowed the waterway to provide additional capacity, flexibility and efficiency to shippers.

Recent offerings include two additional reservation slots for the Neopanamax Locks, bringing the total number of slots from six (at the time of the inauguration) to eight.

Starting this month, the Panama Canal Authority also increased the maximum allowable beam for vessels transiting the Neopanamax Locks to accommodate larger vessels and greater tonnage.

While the container segment makes up the more than half of transits through the Expanded Panama Canal, the impact of the Neopanamax Locks has been seen across all segments.

Perhaps the greatest impact has been seen in LNG, an entirely new segment for the waterway, which has emerged as the waterway’s fastest growing. In just the past two years, the segment has seen a total of 358 LNG 🦖 transits through the Neopanamax locks.

Some other notable LNG highlights include the transit of three LNG vessels in one day in April 2018 as well as the transit of the “first of many” LNG cargoes from the Dominion Cove Point terminal in Maryland to Japan, taking place that same month.

Moving forward, the Canal’s LNG traffic is expected to grow by 50 percent by the end of FY 2018 compared to FY 2017, increasing from 163 to approximately 244 transits.

The Panama Canal is currently offering one of the eight Neopanamax reservation slots per day to LNG shippers, but the Canal Authority says it has transited to LNG vessels in one day on 14 separate occasions
.

The Expanded Canal is redrawing global trade routes, in the LNG industry and across segments, as shippers have more opportunity to take advantage of the economies of scale provided with the Neopanamax Locks,” said Deputy Administrator Manuel E. Benitez. “Thanks to the careful planning and strategic optimization of our operations, we’re confident the Expanded Canal will facilitate further growth in international trade and have a far-reaching impact in communities around the world.”

http://gcaptain.com/the-expanded-panama-canal-just-turned-two-here-are-some-facts-figures-and-highlights-from-its-first-few-years-in-operation/

Yeah, lots of growth will result in a far reaching IMPACT, 🔥🌪☠️ for sure (see "Natural" Gas BRIDGE FUEL to the FUTURE BELOW).




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AGelbert

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Re: Money
« Reply #394 on: June 29, 2018, 01:58:02 pm »
🦖🦀🐉 versus 🦕🦍

Fossil Fuelers BATTLE for world hydrocarbon profits in BOOMING world economy 💵 🎩 🏴‍☠️


Trump 🦖🦀🐉 Firmly In the Twilight Zone: Threatens Nord Stream 2🦕🦍 With Sanctions


June 29, 2017

by Mike Mish Shedlock

Trump's 🦀 vise on the EU started with steel, progressed to cars, then to Iran, and now to a gas pipeline vital to the EU.

The story of the day, not discussed in mainstream media, involves Nord Stream 2, a gas pipeline between Russia and the EU. The feature image is from Gazprom🦕🦍.

Gazprom says "The new pipeline, similar to the one in operation, will establish a direct link between Gazprom and the European consumers. It will also ensure a highly reliable supply of Russian gas to Europe."

Some suggest the EU is unwise to depend on Russia. That is nonsense. Why?

Free trade stops wars!

Regardless, it is the EU's decision to make, not Trump's 🦀, and the deal is already underway.

Gazprom, Partners Invest €4.8 Billion Nord Stream 2 Construction

TASS, the Russian news agency reports Gazprom, Partners Invest €4.8 Billion Nord Stream 2 Construction.

Believe that? Why not? There is no dispute from the EU.

My point is the investment.

Russia’s gas producer Gazprom 🦕 and its Nord Stream 2 partners 🦍 💵 🎩 have invested a total of 4.8 bln euro in the project on natural gas pipeline construction as of the end of June, Chief Financial Officer of Nord Stream 2 AG, the operator of the pipeline construction, Paul Corcoran told journalists on Thursday.

Quote
"We have received 96% of the pipes, we have concrete coated 55% of those pipes and we mobilized vessels for the pipelines. So we are quite well prepared on track and on time for the project," CFO added.

The Nord Stream 2 pipeline is expected to come into service at the end of 2019.

Stop It All Says Trump🦀🦖🐉

Eurointelligence reports Trump 🦀now gunning for Nord Stream 2

As if the tariffs on steel and aluminium - and soon cars - were not enough, the US administration🦀🦖🐉  is now preparing sanctions against five European companies involved in the Nord Stream 2 gas pipeline project. Those sanctions previously had the status of a rumour. But FAZ reports this morning that it received confirmation from a senior US official, at the World Gas Conference in Washington, that the administration is formally considering an application to impose such sanctions. There are two German companies involved, Wintershall und Uniper, as well as OMV from Austria, Engie from France and Royal Dutch Shell. Together they fund 50% of the project. Gazprom funds the other 50%.

FAZ notes that Uniper, one of the German companies, would be particularly hard-hit. The company is a big player in the US coal trade. The company's CEO is quoted as saying that he continues to believe in the necessity of the Nord Stream 2 pipeline to secure gas supplies for the EU. It remains to be seen whether the companies will back off from the project once the sanctions are actually imposed.

Twilight Zone

Trump's 🦀 Iran sanctions are absurd. His Nord Stream 2 demands are so far beyond absurd as to be in the Twilight Zone.

Does Trump 🦀 have a yes or no vote on any and every trade agreement in the world?

It appears so.

The EU and all the countries that border the pipeline agreed to this deal. They invested heavily in it. Construction is underway.

What's Next?

This is so damn absurd, it's logical to conclude there is no way the EU will back down.


However, logic and reality can be quite different things. Trump 🦀 is proof enough.

Either way, the problem is "what's next?"

History suggests that when trade stops, war soon follows.

https://www.themaven.net/mishtalk/economics/trump-firmly-in-the-twilight-zone-threatens-nord-stream-2-with-sanctions-8couEtZfM0SUSGhhgQhJTQ/

Agelbert LAMENT: The BOOMING global economy is too busy making money from the sale of hydrocarbons to CARE about increasingly deadly Global Warming.  :(

The Expanded Panama Canal Just Turned Two: Here Are Some Facts, Figures and Highlights the First Few Years of Operation


June 27, 2018 by gCaptain

Photo: Panama Canal Authority

The Panama Canal on Tuesday marked the two-year anniversary of the inauguration of Expanded Panama Canal, the largest enhancement project in the waterway’s 103-year history.

To date, the Canal has transited 3,745 Neopanamax vessels, exceeding the performance exceptions of Expanded Canal’s Neopanamax Locks.

“Two years ago, we pledged to usher in a new era for world commerce,” said Panama Canal Administrator Jorge L. Quijano. “Today, as we reflect upon our countless achievements and ever-expanding impact, we proudly reaffirm this commitment to the global maritime community.”

Over the past two years, the Panama Canal has recorded a number of notable milestones thanks to expansion project. In May, the canal set a new monthly tonnage record of 38.1 million tons (PC/UMS), the third such time the waterway has set a monthly tonnage record in the past two years.

May also saw the transit of the Panama Canal’s largest cruise ship to date, the Norwegian Bliss, at more than 168,000 gross tons and carrying nearly 5,000 passengers.

The transit of the largest capacity container vessel to-date, the CMA CGM Theodore Roosevelt, with a Total TEU Allowance (TTA) of 14,863.

The Panama Canal Authority, which is responsible for managing the canal, says increased experience with the Neopanamax Locks and continued investment into its operations have allowed the waterway to provide additional capacity, flexibility and efficiency to shippers.

Recent offerings include two additional reservation slots for the Neopanamax Locks, bringing the total number of slots from six (at the time of the inauguration) to eight.

Starting this month, the Panama Canal Authority also increased the maximum allowable beam for vessels transiting the Neopanamax Locks to accommodate larger vessels and greater tonnage.

While the container segment makes up the more than half of transits through the Expanded Panama Canal, the impact of the Neopanamax Locks has been seen across all segments.

Perhaps the greatest impact has been seen in LNG, an entirely new segment for the waterway, which has emerged as the waterway’s fastest growing. In just the past two years, the segment has seen a total of 358 LNG 🦖 transits through the Neopanamax locks.

Some other notable LNG highlights include the transit of three LNG vessels in one day in April 2018 as well as the transit of the “first of many” LNG cargoes from the Dominion Cove Point terminal in Maryland to Japan, taking place that same month.

Moving forward, the Canal’s LNG traffic is expected to grow by 50 percent by the end of FY 2018 compared to FY 2017, increasing from 163 to approximately 244 transits.

The Panama Canal is currently offering one of the eight Neopanamax reservation slots per day to LNG shippers, but the Canal Authority says it has transited to LNG vessels in one day on 14 separate occasions
.

The Expanded Canal is redrawing global trade routes, in the LNG industry and across segments, as shippers have more opportunity to take advantage of the economies of scale provided with the Neopanamax Locks,” said Deputy Administrator Manuel E. Benitez. “Thanks to the careful planning and strategic optimization of our operations, we’re confident the Expanded Canal will facilitate further growth in international trade and have a far-reaching impact in communities around the world.”

http://gcaptain.com/the-expanded-panama-canal-just-turned-two-here-are-some-facts-figures-and-highlights-from-its-first-few-years-in-operation/

Yeah, lots of growth will result in a far reaching IMPACT, 🔥🌪☠️ for sure (see "Natural" Gas BRIDGE FUEL to the FUTURE BELOW).




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Faith,
if it has not works, is dead, being alone.

AGelbert

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Re: Money
« Reply #395 on: June 29, 2018, 04:34:18 pm »

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AGelbert

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Re: Money
« Reply #396 on: July 01, 2018, 05:45:49 pm »
Economic Update: Contradictions Coming Home

July 1, 2018

Updates on the exploding suicide rate in the US, irrational home-building reflects and worsens inequality, VA nurses sue because of overwork required but not paid for, Uihlein family gives extreme right wing candidates (including Roy Moore), mocking claims that this is a one-person-one-vote democracy, Interview with Eli Campbell on the exploding student debt issue and the campaign to boycott its repayment

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AGelbert

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Re: Money
« Reply #397 on: July 11, 2018, 12:14:58 pm »
Trump's 🦀 Bite 🦍 May Be Worse Than His Bark: Stockman Slams "Absurd, Dangerous, Stupid" Policies

Wed, 07/11/2018 - 10:45

Via Global Macro Monitor,

Excellent CNBC interview with David Stockman, President Reagan’s head of OMB, who speaks his mind and never holds back.    Some dismiss him as a perma-bear and doomsayer.

We certainly don’t, just has been a bit early, like every analyst and economist worth their salt.   His analysis and model are sound.

By the way, if you ever meet someone who claims they always top tick or buy every bottom,  and have perfect timing, run as fast as you can.

Moreover, the former “beltway boy wonder” doesn’t have to make his money trading and can maintain his conviction without going bankrupt or losing his career.   He will eventually be right.   It’s all timing, my friends.

Listening to him today, we respect him even more for his intellectual honesty.   We have always perceived Mr. Stockman as a supporter of the president, but we could be wrong.

He never allows his politics to warp his analysis.  Rare and refreshing.

Taken To Woodshed

He was famously “taken to the woodshed” by President Reagan for his statements in a 1981 Atlantic Monthly article, that
Quote
“supply-side economics — the backbone of the Reagan economic revolution 😈 👹 – was a ‘Trojan horse’ 🐎 that would ultimately benefit  💵 🎩 🍌 the rich.

He laid it all out there today and held nothing back.  


Massive trade war won't solve deficits, says former Reagan WH budget director from CNBC.

Money quotes from today’s interview *

Imbalances are not the result of bad trade deals

We have had 43 straight years of large and growing current account deficits, that is a monetary issue

A trade war is not going to solve it…let interest rates find their right level

The fact is, we are heading into a massive trade war in the world

Trump doesn’t know what he’s doing at all. He is making it up. He is a hopeless protectionist with a 17th-century view of the world

We have an absurd policy — dangerous, stupid. The worst that I’ve seen since my whole career started in 1970 under [President Richard] Nixon, and he did some crazy things

The market marches to new highs until it doesn’t

In 1990…the average tariff in China was about 30 percent, the average tariff in China today is 3 ½ percent. It is not an issue

What they [Trump administration] are objecting to is China’s policy of “no ticky, no washy.” In other words, if you want to come to China and do business, you have to be in a joint venture and share your technology

If somebody wants to go to China so they can come on CNBC and brag they are in a growth market then they ought to put up with the local regulations

Don’t start a trade war and throw the soybean farmer under the bus because of some big business lobby in Washington is whining about China’s terms of business

*the interview was concluded before the announcement of a 10 percent on an additional $200 billion of Chinese imports was published by the USTR after the market close. 


Tough words.

No Reagan Moment On Free Trade

Sorry,  Mohamed,  we love you but there will be no “Reagan Moment” for International Trade.  We hope we are wrong, and we could be, but we don’t think so.       

Trump is no Reagan, the ultimate free-trader.   Larry Kudlow and Stephen Moore now talking tariffs?    This is not an administration looking to further trade, in our opinion, but one only to protect and coddle its political base.

Trump’s triggers his base with words such as “free trade,” among others,  and blames much of their problems on the “bad trade deals” of previous administrations.   It works for him.  Why fix it?

But those who, like me, thought Trump’s bark would be worse than his bite on trade are having second thoughts about where all of this might lead.  – Dani Rodrik

President Xi Won’t Back Down

Moreover,  how in the world can President Xi, after consolidating power for life as the country’s ultimate strongman now back down and look weak to the Chinese people?   China has secured the high ground of multilateralism.  Even if it’s bullshit or not.   Furthermore,  the U.S. appears to be growing exponentially more isolated.

Nonlinear Dynamics

As we posted on Friday,  we are now in a nonlinear trajectory.  Things can unravel fast, or be put right quickly.   Maybe the Senate?   Nobody knows where this will end up.

We have all learned over the past 18 months that the president is capable of doing a 180,even in mid-sentence, and convince himself he held the position all along.  That unpredictability makes it a risky trade.


Markets In The Land Of Pharaoh



It does feel the markets are in Egypt, however.  The land of de Nile.

The post-war international order is more at risk of unraveling – and we are not saying its demise is imminent – than is currently priced.

Stay tuned.

*  https://www.zerohedge.com/news/2018-07-11/trumps-bite-may-be-worse-his-bark-stockman-slams-absurd-dangerous-stupid-policies

Agelbert NOTE: Stockman interview video at article link.
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Re: Money
« Reply #398 on: July 11, 2018, 12:49:45 pm »

Can the United States Survive a Bear Market?     

Posted on July 10, 2018 by Fantasy Free Economics

If the stock market falls, it will take the rest of the economy with it.


Without rising asset prices, there would be no economic recovery. The model used for causing economic activity is the “If we build it they will come.” model. The idea is that if the wealthiest of the world’s citizen are enriched when the value of all they own rises independently of earnings and everything else, the recovery will extend all the way to the bottom of the food chain. Does the logic of this sound solid? If it does, I will remind you that the logic behind a chain letter sounds appealing. If you only give the idea a superficial look a chain letter sounds great.  Lets not be too hard on chain letters. Profits have been made, by those who initiate chain letters. Profits are being made by the originators of the “build it and they will come,” economic model.

Economic models are interesting animals. An economist can develop one based on any kind of logic. The model is never tested empirically. The whole population jumps on it as if it was manna sent from heaven. If engineers build a plane that has never been on a test flight, would the airlines buy it and put passengers on it? Probably they would pass on the opportunity. The pretense of knowledge pays more than does actual knowledge.

Where does government economic policy come from? It is mandated in the Full Employment Act of 1878. O.K., but how is the plan of intervention decided upon? Any economic intervention is going to be based on the needs of the world’s most politically powerful citizens. Who might that be in todays world? Those are the folks who already have most of the worlds wealth and resources. Does it not make sense, that our plan for economic prosperity would be the one which would enrich them the most?

Build it and they will come? Did they come? No they have not. So, all of the worlds resources are now focused on preventing any type of bear market in stocks. A bear market will take the economy with it because their is no genuine economic growth caused by anything other than high asset prices.

http://quillian.net/blog/can-the-united-states-survive-a-bear-market/
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Re: Money
« Reply #399 on: July 11, 2018, 09:06:21 pm »


Hundreds of Norway’s Offshore Workers Go On Strike

July 10, 2018 by Reuters

SNIPPET:

Teekay’s Petrojarl Knarr FPSO at the Knarr field in the Norwegian North Sea. File Photo: BG Group

By Gwladys Fouche and Lefteris Karagiannopoulos OSLO, July 10 (Reuters) – Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.

One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase and pension rights was not reached.

Royal Dutch Shell said that due to the strike it was temporarily closing production at its Knarr field, which has a daily output of 23,900 barrels of mostly oil, but also natural gas liquids and natural gas.

Shutting the field, whose owners are Idemitsu, Wintershall and DEA, could take up to 36 hours, it said.

Norway is Western Europe’s biggest oil producer. The disruption added to a rise in global oil supply outages and helped push Brent crude up 1.2 percent to $79.03 per barrel.

The output of Norway’s biggest oil producer Equinor , formerly known as Statoil, was not affected so far, the company said, even though it was shutting drilling operations at its Snorre B platform.

Shortly after a midnight deadline passed, a state-appointed mediator said talks between two trade unions, Safe and YS, and the Shipowners’ Association, representing the rig employers, had failed to reach a deal.

“The parties were so far apart from each other there was no point presenting a proposal that could be recommended to both sides,” mediator Carl Petter Martinsen said in a statement.

WAGES, PENSION RIGHTS

Full article:

http://gcaptain.com/hundreds-norway-offshore-workers-go-on-strike/
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AGelbert

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Re: Money
« Reply #400 on: July 12, 2018, 08:42:26 pm »
Agelbert NOTE: This is more evidence that world economy is in a boost phase. There will be NO collapse from lack of hydrocarbons. The collapse of human civilization will be ushered in by Catastrophic Climate Change. Anyone that tells you that "peak oil" will cause a collapse is either a fool or wants to bullshit you into paying more for the hydrocarbon poisons destroying our biosphere.

We need hydrocarbons like a dog needs ticks.

Extreme Engineering Panama Canal - Megastructures (2018 Documentary)

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Mega Construction Projects

Published on May 11, 2018

The Panama Canal is an artificial 77 km (48 mi) waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean. The canal cuts across the Isthmus of Panama and is a conduit for maritime trade. Canal locks are at each end to lift ships up to Gatun Lake an artificial lake created to reduce the amount of excavation work required for the canal 26 m (85 ft) above sea level and then lower the ships at the other end. The original locks are 34 m (110 ft) wide. A third wider lane of locks was constructed between September 2007 and May 2016. The expanded canal began commercial operation on June 26 2016. The new locks allow transit of larger post-Panamax ships capable of handling more cargo.

Daily ships the size of a city block transport goods through the Panama Canal to make the 50-mile shortcut between the Atlantic and Pacific Oceans. Officials have asked a team of European and American engineers to compete for a winning lock design.

Engineering projects around the globe keep getting bigger and more ambitious.  there are structures being designed and built that will dwarf anything that has come before.

Plans are on the drawing board for projects so huge – not only in scale but in their implications for society – they’re almost beyond imagination. This documentary  that eyes the largest construction projects ever imagined – 'Extreme Engineering'.






 
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AGelbert

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Re: Money
« Reply #401 on: July 16, 2018, 06:06:47 pm »
Warning: The Everything Bubble is in SERIOUS Trouble

by Phoenix Capital Research

Mon, 07/16/2018 - 08:56

As we noted on Friday, the official inflation metric in the US, called the Consumer Price Index (or CPI) is designed to HIDE inflation, not measure it.

Case in point, over the last two months, the CPI has relied on the collapse in prices of various non-essential items (airline tickets, hotel rooms, etc.) to “cover up” the increase in energy, housing, and the other items we all need.

And yet, even despite this “massaging” of the data, the CPI has hit 2.9%.

Put another way, inflation is running so hot right now that even with various gimmicks in place, the CPI is STILL closing in on 3%.

Why is this a big deal? ???

Because TREASURY bond yields trade based on inflation. If inflation is soaring higher, bond yields will also rise to accommodate this.

If bond yields RISE, bond prices DROP.

And if bond prices DROP enough, the Debt Bubble bursts.

With that in mind, consider that yields on Treasuries have broken their long-term 20-year trendline.

This is a MAJOR problem. The entire debt bubble requires interest rates to remain LOW in order for it to be maintained.

Inflation is screwing this up for the Fed... which now faces a NASTY choice… continue to support stocks or defend bonds… and unfortunately for stock investors, it’s going to have to choose bonds.

Put another way, I believe there is a significant chance the Fed will let the stock market collapse in order to drive capital BACK into the bond market to force bond yields down.

Yes, the Fed has screwed up with monetary policy. And it is doing so intentionally to try to sustain the Debt Bubble. Currently the downside target for the collapse is in the 2,300-2,450 range.

The time to prepare for this is NOW before the carnage hits.

On that note, we are already preparing our clients with a 21-page investment report that shows them FOUR investment strategies that will protect their capital when and if a stock market crash hits.

It's called The Stock Market Crash Survival Guide...and it is available exclusivelyto our clients.

To pick up one of the 100 copies...use the link below.

https://www.phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research


https://www.zerohedge.com/news/2018-07-16/warning-everything-bubble-serious-trouble
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AGelbert

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Re: Money
« Reply #402 on: July 16, 2018, 07:52:53 pm »
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AGelbert

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Re: Money
« Reply #403 on: July 24, 2018, 12:46:58 pm »






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AGelbert

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Re: Money
« Reply #404 on: July 29, 2018, 06:19:53 pm »

Global Capitalism : Immigration & Trade War [July 2018]

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Democracy At Work

Published on Jul 11, 2018

Immigration and Trade War: The Economics of Desperation
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