Meraglim Blog
Well, That Didn’t Last Long. China Blinks When It Comes to Financial Reform
China is on the horns of a dilemma with no good way out. On the one hand, China has driven growth for the past eight years with excessive credit, wasted infrastructure investment and Ponzi schemes like wealth management products (WMPs). The Chinese leadership knows this, but they had to keep the growth machine in high
Another Prominent Asset Manager Says Markets Are Heading for a Fall
There are plenty of asset managers and government officials warning that stock markets are riskier than they have been for a long time, with some even warning of a market crash. But not all of their analyses are particularly persuasive; some are just fear-mongering or an effort to say “I told you so” if markets
Not So Fast on Those Higher Oil Prices. Energy Market Is Heading for a Fall
Oil markets took off like a rocket in January 2018 and oil prices blew past the $60/barrel level and were headed much higher. Analysts were talking about oil in the $70/barrel range or higher. Suddenly, the frackers came back to life and wells were being drilled at a rapid pace in all of the
New Trade War Is Finding Support in Unexpected Places
The new trade war is now in full swing. This comes on top of the global currency war that began in 2010. Countries like China have been fighting the trade war for decades with neomercantilist policies involving tariffs on imports, subsidies for exports, theft of intellectual property and accumulation of gold. It’s just that the
Republicans and Democrats Finally Agree: Let’s Spend More Money!
Political dysfunction in the United States is at an all-time high. Republicans and Democrats are fighting pitched battles on immigration, Obamacare, tax cuts, regulation, infrastructure and just about every other major policy issue you can name. These fights are bitter, involve a lot of name-calling and show no signs of abating soon. The stakes could