John Rubino
Articles by John Rubino
The Bank of Japan and European Central Bank eased recently, which is to say they stepped up their bond buying and/or pushed interest rates further into negative territory. These kinds of things are proxies for currency devaluation in the...
Not so long ago the financial world viewed certain numbers as limits beyond which lay trouble. Interest rates near zero, for instance, were thought to risk destabilizing the banking system. And government fiscal deficits above 3% were...
Anyone who doubts that the global financial system has run out of (good new) ideas has only to track the recent words and deeds of central bankers and mainstream economists: Slightly-negative interest rates didn't lead people to borrow...
The drumbeat of bad (and sometimes just plain weird) news has risen lately -- but today's batch stands out. Here's a small sampling:
US jobless claims were higher than expected, and continue the rising trend of the past few weeks.
US...
US jobless claims were higher than expected, and continue the rising trend of the past few weeks.
US...
Another Monday, another set of "surprisingly" bad economic numbers. A few representative headlines:
China manufacturing prices decline for 18th straight month
Oil prices fall 5% on bad China data, OPEC uncertainty
Global factories...
China manufacturing prices decline for 18th straight month
Oil prices fall 5% on bad China data, OPEC uncertainty
Global factories...
Apple is far from the only iconic US company that's signaling a global slowdown. Three more are in the news today:
Caterpillar warns equipment sales still falling
(CNBC) - Caterpillar saw retail sales of machinery fall 16...
Caterpillar warns equipment sales still falling
(CNBC) - Caterpillar saw retail sales of machinery fall 16...
One by one the pillars of the recovery are toppling. Last year the Chinese infrastructure party ended and the shale oil boom went bust. More recently the FANG stocks went from pulling the market up to pushing it down. And today Apple --...
A few years ago, economist Nouriel Roubini was explaining to a reporter why Chinese economic data couldn't be trusted. He noted that it takes the US weeks and sometimes months to pull together and process the information necessary to...
Faced with spiking volatility in pretty much every market, it's natural and reasonable to sell some risky assets and hide out in cash until the dust settles. So it's not a surprise to hear that pension funds are doing just that....
The sound money community woke up this morning to a world finally behaving rationally -- which is to say cowering in abject terror at the prospect of insane levels of debt, criminal incompetence at most major governments and geopolitical...
Pages
