Superpower Transition - USA to China
USA as a Superpower is in decline, and the Chinese are the rising Superpower. At what stage of this transition, are we at? Ray Dalio in...
$220b non-performing bank loans. How much will become bad debts?
In the last recession, Westpac had to be rescued by Kerry Packer and ANZ nearly had to be rescued. In recessions, bad debts tend to rise...
Anatole Kaletsky - significant fall in equity prices ahead
Anatole Kaletsky’s key points: 14/5/20 1-3 months. Markets highly likely “his view that a significant fall in equity prices is coming”...
Pre-COVID19 "normality" is not returning
COVID-19 has reshaped our world - forever. There are very many reasons why the world will not be returning to the pre-COVID-19...
Soros - COVID19, Crisis of a Lifetime
Even before the pandemic hit, I realized that we were in a revolutionary moment where what would be impossible or even inconceivable in...
US jobless rate is highest since Great Depression
"The US unemployment rate hit 14.7 per cent in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the...
Reasons why Aussie recession will be severe
Some of the reasons why the coming Australian recession is likely to be severe: COVID-19 has caused a massive shock to the consumer....
COVID-19 silver lining - Globally coordinated research into new treatments
At least one positive thing has come out of this COVID-19 crisis so far. https://www.abc.net.au/news/2020-05-05/world-leaders-donate-12.5...
BofE - UK - worst recession in 300 years
'The Bank of England has forecast that the coronavirus crisis will push the UK economy into its deepest recession in 300 years, with...
Mass corporate defaults US$19T+++ likely
" Mass corporate defaults are now in prospect. The IMF estimated last October that debt owed by firms unable to cover interest expenses...
