High up in the Himalayan mountains, hidden in the quiet pastures, grows a rare medicinal fungus. Speculators from around the world have heard what the fungus can do. (It’s a powerful aphrodisiac.) They have learned how valuable it is. (It’s more valuable than gold in the Chinese markets.) It’s an understatement that Big Pharma’s eyes are getting big – their …
Michael Snyder – December 14th To 18th: A Week Of Reckoning For Global Stocks If The Fed Hikes Interest Rates?
Are we about to witness widespread panic in the global financial marketplace? This week is shaping up to be an absolutely critical week for global stocks. Coming into December, more than half of the 93 largest stock market indexes in the world were down more than 10 percent year to date, and last week stocks really started to slide all over …
The Emerging Market Growth Model Is “Broken”; RIP EM
It’s that time of year again, when every sellside macro strategist peers into his or her crystal ball in a completely futile effort to predict the direction the global economy economy will take in the year ahead. As everyone knows, the only thing more difficult than forecasting the weather is forecasting economic outcomes (economics is, after all, merely a pseudoscience …
Economic Update – Big vs Small Business – 11.22.15
Updates on Japan’s Recession, half of New York City economically in trouble, ACA deductibles undermine affordability, Million student March, another crooked capitalist. Response to listeners on private vs public enterprises. Major topics: small vs big business and big ideas not being discussed in campaigns.