The Stages of the Collapse
In this constantly updating blog -post, we follow the path of the crisis put in motion by the coronavirus.
In this constantly updating blog -post, we follow the path of the crisis put in motion by the coronavirus.
The outbreak of the coronavirus epidemic in China has shaken the global asset markets—and with good reason.
The coronavirus has the potential of being the ‘trigger’ which will push the world into a global depression. Here, we briefly explain why.
…
We have been following China closely for nearly four years. We first warned about the unsustainability of China’s growth in March 2017 and have continued to issue w…
The economic calm which has succeeded the turbulent conclusion to 2018 was abruptly shattered on the 16th of September. On that day, rates in the repo markets spiked by 248 basis points to more than double the overnight lending rate of the…
We have been monitoring China closely since March 2017. We were one of the first to show that China had driven the global business cycle since 2009 and that the rem…
The world economy has not been in a more precarious situation in over a decade. Growth is faltering everywhere, with the Eurozone flirting with recession, while central banks have returned to monetary easing after just one year of global tightening.
There is renewed hope in the markets after central banks, most-recently the ECB and China, have added easing measures. The working narrative is that these will, once again, renew global growth and allow governments, corporations and consumers to go e…
A recession is approaching. Almost anywhere in the world one looks, economic indicators are in decline. As we have argued since March 2017, the coming recession wil…
Almost all economists and the vast majority of the general population erroneously believe that central banks are, basically, indestructible. And most fail to appreciate that central banks are different from normal commercial banks in just two respect…
Global stock markets have been wobbly after the Federal Reserve failed to impress and the trade war heated-up. Combined with the weakening global economic outlook, there are not many reasons for stocks to rally.
Many are also wondering about the d…