The Evil Empire Has The World In A Death Grip — Paul Craig Roberts
The Evil Empire Has The World In A Death Grip
Paul Craig Roberts
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Asia
Markets Surge On Chinese Debt Flood; Worst European PMI In Over A Year; Crashing Pound
The overnight news was decidedly downcast, with first London mayor Boris Johnson voicing his support for Brexit leading to a collapse in the pound, validating our Saturday warning and then some, resulting in the biggest drop in cable in over a year over fears that the EU will lose one of its most critical members...
Germany's Looming Demographic Cliff
Having shown that the world is turning Japanese with tales of economic malaise, extreme monetary policy, and negative rates, Visual Capitalist's Jeff Desjardins shows that Germany, with its 5-yr government bond currently trading at a -0.33% yield, is no exception to this story. However, negative yields are not the only concern that the country has in common with Japan.
The Silver Age Of The Central Banker (Ends Badly)
Submitted by Ben Hunt via Salient Partner's Epsilon Theory blog,
The US Economy Has Not Recovered And Will Not Recover
Authored by Paul Craig Roberts,
The US economy died when middle class jobs were offshored and when the financial system was deregulated.
Jobs offshoring benefitted Wall Street, corporate executives, and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the bull market generated by higher profits.