Authored by Chris Hamilton via Econimica blog,
Just three charts putting things in perspective...
Chart #1: three periods and four variables (total US energy consumption, 25-54yr/old US employees, federal debt, and federal funds rate %:
1950 to 1975
1975 to 2000
At the end of November, we showed a troubling observation for China - and global - macro watchers from Axiom's Gordon Johnson: for the first time ever, record Chinese credit creation had failed to stimulate the economy, and in fact the exact opposite appeared to be unfolding – economic growth is slowing across a number of data points despite massive new credit injected into the economy over the past year.
Authored by Tsvetana Paraskova via OilPrice.com,
Three years after the oil price crash, the U.S. shale patch is on its second growth phase and is expected to continue to increase its production, at least through the next five years.
The global oil markets have become increasingly dependent on U.S. tight oil supply - and the oil industry is still coming to grips with this new reality, Simon Flowers, Chairman and Chief Analyst at Wood Mackenzie, wrote in a recent article.
Barely two months after JPMorgan's Marko Kolanovic previewed the next financial crisis, which he dubbed the "Great Liquidity Crisis", and which would be catalyzed by the following liquidity disrupting elements:
Authored by Jeffrey Snider via Alhambra Investment Partners,