IN-DEPTH: TRANSCRIPTION – TURKEY, EM & THE COMING EU BANKING CRISIS II – PART I COVER AGENDA SLIDE 5 – GLOBAL MARKET TURMOIL Global banking stocks are plunging, emerging market stocks are cratering, and emerging market currencies continue their stunning decline. The shakiness of global financial markets has many investors wondering what trouble the fall will […]
UnderTheLens
IN-DEPTH: TRANSCRIPTION – TRADE WARS – WIN THE BATTLE, LOSE THE WAR!
IN-DEPTH: TRANSCRIPTION – TRADE WARS – WIN THE BATTLE, LOSE THE WAR! COVER AGENDA SLIDE 5 We have talked previously about Trump’s focus on US Trade imbalances and the potential for an era of looming global trade wars. We highlighted this most recently in April in a two part series with Charles Hugh Smith […]
IN-DEPTH: TRANSCRIPTION- MACRO INVESTING IN AN ERA OF POLITICAL DISCORD
IN-DEPTH: TRANSCRIPTION- MACRO INVESTING IN AN ERA OF POLITICAL DISCORD COVER AGENDA SLIDE 5 – PROFOUND SOCIETAL SHIFT We are in the midst of a profound societal shift that we all realize but somehow we forget in the midst of the onslaught of everyday activities. The list of significant changes is long, but I have isolated […]
IN-DEPTH: TRANSCRIPTION – PRIVATE DEBT & THE FEEDING OF ZOMBIE CORPORATIONS – PART II
IN-DEPTH: TRANSCRIPTION – PRIVATE DEBT & THE FEEDING OF ZOMBIE CORPORATIONS – PART II COVER AGENDA SLIDE 5 What is a a Zombie Corporation? The best definition is from the Bank of International Settlements: ” It is a listed firm, with ten years or more of existence, where the ratio of EBIT (earnings before interest and […]
IN DEPTH: TRANSCRIPTION – GLOBAL LIQUIDITY, CREDIT & FLOWS
IN DEPTH: TRANSCRIPTION – GLOBAL LIQUIDITY, CREDIT & FLOWS COVER AGENDA SLIDE 5 Let’s start by making sure we understand the terminology we will be using in our discussion today. Too many times I hear people use these terms in the wrong and often confusing context. LIQUIDITY: is about AVAILABILITY of Money & Credit. […]