If you want to understand today’s populism, don’t look to the mainstream media’s comically buffoonish propaganda blaming the Russians: look at the four issues listed below. One of the most disturbing failures of the mainstream media in this election cycle was its complete lack of historical context for Trump’s brand of populism.If you consumed the mainstream media’s coverage of the campaign and election, you noted their...
Read More »Europe stocks split on Trump win with pharma gaining
While the bearish sentiment that engulfed European equities in recent weeks is being vindicated, health-care stocks are easing the pain. [embedded content] The region’s largest industry group headed for its biggest jump in more than 14 months, tempering losses for equity benchmarks after Donald Trump won the race to govern the region’s biggest export market. Novo Nordisk A/S and Shire Plc rose more than 5 percent,...
Read More »Emerging Market: Week Ahead Preview
Stock Markets EM ended the week on a soft note, as markets were taken off guard by news that the FBI was reopening its investigation of Hillary Clinton’s emails. Risk off trading hit MXN particularly hard. FOMC meeting this week should be a non-event, but markets are likely to remain volatile ahead of the November 8 elections in the US. Individual country risk remains important. Brazil budget data is likely to provide...
Read More »This Is How Quiet Fascism Works
Quiet Fascism has no purpose other than to aggregate more power, maintain its secrets and lay waste to anyone who questions its Imperial authority. So my little-visited Wikipedia entry was minding its own business, not bothering anyone, until I dared to criticize the Clinton Foundation. The next day, my Wikipedia entry was taken out and shot by a mysterious “editor.” It was just coincidence, right, that my Wikipedia...
Read More »Interview with Doug Casey
Natalie Vein of BFI speaks with Doug Casey Our friend Natalie Vein recently had the opportunity to conduct an extensive interview with Doug Casey for BFI, the parent company of Global Gold. Based on his decades-long experience in investing and his many travels, he shares his views on the state of the world economy, his outlook on critical political developments in the US and in Europe, as well as his investment...
Read More »USA 2017-2020: An Ungovernable Nation?
The only way to govern successfully is to actually solve the underlying systemic problems, but doing that requires overthrowing a corrupt, self-serving elite. Regardless of who wins the presidency, a much larger question looms: will the U.S. be ungovernable 2017-2020? There are multiple sources of the question. One is of course the remarkable unpopularity of the two candidates for the presidency. For all the reasons...
Read More »Market Impact of a Trump Presidential Win
The probability of Republican Donald Trump winning the U.S. presidential election on November 8 seems remote at the moment—economists on Credit Suisse’s Global Markets team put it at less than 10 percent. So if it did happen, it would come as a major surprise for financial markets. The last time that kind of seemingly low-likelihood event came to pass—during last June’s Brexit vote—most investors were caught wrong-footed. So how might they best prepare for something as unexpected as President...
Read More »Credit Crisis in Waiting
Clowns in the Coliseum DUBLIN – The presidential debate began long after our bedtime, here in Ireland. So we got up this morning, rubbed our eyes, and watched the highlights. “Lowlights” is perhaps a better way to describe it: two rascals making public spectacles of themselves, arguing about things that mostly don’t matter… posing, posturing, pretending. If we had our druthers, both candidates would lose. That is...
Read More »Donald’s Electoral Struggle
Wicked and Terrible After touting her pro-labor union record, the Wicked Witch of Chappaqua rhetorically asked, “why am I not 50 points ahead?” Her chief rival bluntly responded: “because you’re terrible.”* No truer words have been uttered by any of the candidates about one of their opponents since the start of this extraordinary presidential campaign! Electoral map, Donald Trump(see more posts on Donald Trump,...
Read More »Donald’s Electoral Struggle
Wicked and Terrible After touting her pro-labor union record, the Wicked Witch of Chappaqua rhetorically asked, “why am I not 50 points ahead?” Her chief rival bluntly responded: “because you’re terrible.”* No truer words have been uttered by any of the candidates about one of their opponents since the start of this extraordinary presidential campaign! Electoral map, Donald Trump(see more posts on Donald Trump,...
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