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Tag Archives: China

FOMC, EMU PMI, and Pre-G20 Positioning: Crossroads and Crosswinds

The week ahead is likely to provide some clarification for investors on three fronts that have been a source of uncertainty.  The FOMC meeting, with updated forecasts, is center stage.  The credit markets are pushing the Fed to be aggressive but can be disappointed.  In the eurozone, the preliminary PMI may confirm a modest, even if uneven recovery.   The G20 summit is the focus of much attention as many see it as the last opportunity to avoid a further escalation of trade tensions...

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Food Security: Largest Animal Epidemic in History Is Due to Industrial Farming

Jerri-Lynn here. This Real News Network interview with Rob Wallace of the Agroecology and Rural Economics Research Corps discusses what’s caused the current outbreak of African swine flu – the largest animal epidemic in history –  which is currently rampaging throughout China and other parts of Asia. Pork prices have shot up 40% globally. This epidemic is just one pressure on food prices; others include India’s drought and the US midwest floods (which Lambert has posted about here and here)....

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China’s Wolf, Not Dragon

Much of the original thesis on economic decoupling surrounded myths of what were believed invulnerable economies. Emerging markets might see some slowing during 2008, but they weren’t supposed to drop off. China was right at the top of everyone’s list, the unstoppable force then transforming the world’s political as well as economic order. In the early months of the Global Financial Crisis (how was it global, again?), that was how it went. The US and much of Europe were in deep trouble. The...

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Michael Hudson: Trump’s Trade Threats are really Cold War 2.0

By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. His latest book is “and forgive them their debts”: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year. President Trump has threatened China’s President Xi that if they don’t meet and talk at the upcoming G20 meetings in Japan, June 29-30, the United States will not soften its tariff war and economic...

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Dimmed Hopes In China Cars, Too

As noted earlier this week, the world’s two big hopes for the global economy in the second half are pinned on the US labor market continuing to exert its purported strength and Chinese authorities stimulating out of every possible (monetary) opening. Incoming data, however, continues to point to the fallacies embedded within each. The US labor market is a foundation of non-inflationary sand, and China’s “stimulus” is proving again to be little more than ad hoc deflection of an enormous...

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Anxiety Ticks Up, Risks Pared

Overview: The S&P 500 snapped a five-day advance yesterday and set the heavier tone for equities today.  Continued protests in Hong Kong were not shrugged off as they have been in the last couple of sessions.  The Hang Seng's nearly 1.9% decline was the largest in a month and led the region lower.  European shares are falling in sympathy, and the Dow Jones Stoxx 600 is off about 0.3% in late morning turnover.  US shares are trading lower in Europe, and the S&P 500 is about...

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Commodities And The Future Of China’s Stall

Commodity prices continued to fall last month. According to the World Bank’s Pink Sheet catalog, non-energy commodity prices accelerated to the downside. Falling 9.4% on average in May 2019 when compared to average prices in May 2018, it was the largest decline since the depths of Euro$ #3 in February 2016. Base metal prices (excluding iron) also continue to register sharp reductions. Down 16% on average last month, that level nearly matches January and the biggest negative price change in...

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China-Russia Partnership Threatens US Global Hegemony

This Real News Network interview describes how China is threatening America’s superpower status and how that rivalry is also exposing fractures in the US elites PAUL JAY: Welcome to The Real News Network. I’m Paul Jay. Big power rivalry is heading into very dangerous waters. The rise of China as an economic and military superpower is threatening the global hegemony of the United States. Russia has been pushed into an increasingly tighter relationship with China to balance the attempts by...

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Energy and commodities highlights: Oil price and politics, Permian pipelines, batteries and tariffs

As world leaders and oil company executives gathered at the St Petersburg Economic Forum from June 6, major figures in the world of oil staked out their position on issues of pricing and supply. Russian President Vladimir Putin put the onus on Saudi Arabia to make the case for continuing a supply cut agreement set to expire at month’s end, saying that Russia could do fine with an oil price in the range of $60-65/b. Lukoil CEO Vagit Alekperov said at the forum that $60-$70/b was a...

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Chinese Embargo Threats Ring Hollow—the Reason Why Lies in Rare Earths

By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media Institute We’ve been sold an empty threat for years. And now it’s finally happening: ahistorical bluff is getting close to being revealed for the paper tiger that it is. According to accounts in several local newspapers, China is poised to embargo shipments of rare earths to strike back against the U.S. in response to the mounting trade war between the two countries. A...

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