Submityted by Jeff Desjardins vai The Visual Capitalist,
“I think ageing demographics is a bigger issue in China than people think. And the problems it creates should be become evident as early as 2016.” – Stan Druckenmiller, a 2013 quote
Over the last year, we’ve been very skeptical of the near-term potential for robust global economic growth.
Submitted by Tim Price via SovereignMan.com,
In a crisis, it helps to have good counsel. Consider the following sage advice from investment strategist Mike Tyson:
“Everyone has a plan ‘til they get punched in the mouth.”
Or as German military strategist Helmuth von Moltke the Elder put it, somewhat more formally:
“No battle plan ever survives contact with the enemy.”
Over the weekend, we gave the Dallas Fed a chance to respond to a Zero Hedge story corroborated by at least two independent sources, in which we reported that Federal Reserve members had met with bank lenders with extensive exposure to the US oil and gas sector and, after parsing through the complete bank books, had advised banks to i) not urge creditor counterparties into default, ii) urge asset sales instead, and iii) ultimately suspend mark to market in distressed instances.
John Bolton has some typically bad recommendations for U.S. China policy:
Via Christoph Gisiger of Finanz Und Wirtschaft,
Wall Street veteran Art Cashin warns that bankruptcies in the US oil industry could cause severe stress in the financial system. He believes the rate hike of the Federal Reserve was a mistake.