Contrarian Reads

Europe’s Central Bankers—Keep On Denying Their Lying Eyes

It would have been hard to, but it’s not beyond the capacities of central bankers to deny their lying eyes. In fact, it seems the defining quality government authorities look for in putting forward candidates, particularly those like Christine Lagarde.         https://www.davidstockmanscontracorner.com/?p=388259&preview_id=388259&preview_nonce=1ac709f18e&_thumbnail_id=-1&preview=true To access this post, you must purchase Monthly Subscription, Quarterly …

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Our Triple-C Rated Economy: Complacency, Contradictions, And Corona

Consider the virus is now spreading rapidly to other suppliers of U.S. goods and services such as Korea, Japan, and Italy. What might not be obvious is that the growing problem will impede global commerce and cause fractures in the extensive and complex network of global supply chains. Goods and services we are accustomed to …

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It’s The Virus, Stupid!

Of course it’s lovely that at the very moment China – falsely- claims to be regaining control, markets worldwide sink into a deep well and gold climbs the Kilimanjaro. Surprising it is not. It simply shows that “investors” are mostly completely clueless about the virus, and the media they follow mostly don’t know dick all …

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Things Are Cratering

The second to crater was global bond yields. In this case, 10-year US Treasuries hit a low of under 1.36%, although we are back up to 1.39% along with US equity futures, with the 2-year at 1.28%. The market is now expecting the Fed to cut again later this year, which should be no real …

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Supply Chain Disruption Escalates: Proctor And Gamble Says Over 17,000 Products Potentially Impacted By Coronavirus

Proctor and Gamble, one of the world’s biggest “everyday product” manufacturers, has now officially warned that 17,600 of its products could be affected and disrupted by the coronavirus. The company’s CFO, Jon Moeller, said at a recent conference that P&G used 387 suppliers across China, shipping more than 9,000 materials, according to CIPS.org. Moeller said: “Each …

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It Begins: Chinese Business Conditions Crash Most On Record

irst, here is China’s daily coal consumption which have barely pushed off the lows, and are roughly 50% where they were a year ago this time.           https://www.zerohedge.com/economics/it-begins-chinese-business-conditions-crash-most-record   To access this post, you must subscribe.

No! The Fed Will Not “Save the Market”––Here’s Why

A very convenient conviction is rising in the panicked financial netherworld that the Federal Reserve and its fellow dark lords will “save the market” from COVID-19 collapse. They won’t. I already explained why in The Fed Has Created a Monster Bubble It Can No Longer Control (February 16, 2020) but it bears repeating.       https://www.davidstockmanscontracorner.com/?p=387839&preview_id=387839&preview_nonce=19fcee1c83&_thumbnail_id=-1&preview=true   …

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