While global interest rates have risen from all time lows, starting around mid-2016 when the China (not Trump) reflation trade hit and has since fizzled, in the process cutting the amount of negative-yielding debt by almost half, the reality is that rates still remain painfully low; so low that many banks have recently issued pieces asking if the world - awash in record debt - can handle a sizable increase in rates.
A Government of Morons
Paul Craig Roberts
Authored by Danielle DiMartino Booth,
Quizzically-inclined quantum physicists quench their intellectuality by quoting philosophers first, then their fellow scientists.
It is in fact questionable whether quantum physics would have come into being if not for George Berkeley’s 1710, “A Treatise Concerning the Principles of Human Knowledge.” Berkeley’s most famous saying is, ‘esse est percipi,’ or, ‘to be is to be perceived.’ He elaborated using the following examples:
Over the weekend, New River CIO Eric Peters had a simple and concise summary for events over the past year: "Pretty much everything that happened in 2016 can be explained by two things; China and oil prices,” he said. “Literally, that’s it."
Today, thanks to a research report from UBS titled "Where is the epicentre of the reflation trade?", we have confirmation that Peters was spot on.
Via The Daily Bell
It’s no secret that the U.S. unleashes all sorts of death and destruction with its foreign policy. But it is all for the greater good… so they claim.
Actually consider for a moment the obscure possibility that the U.S. foreign policy–drone bombings, supplying weapons to rebels, and rogue missiles attacks–is actually well intentioned. Even if America is truly trying to do the best thing for the citizens of the United States and the people abroad, its foreign policy is still is not okay.