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This compilation of financial-related insights includes videos from Heresy Financial, The Atlantis Report, WTFinance, Wall Street Silver, Tech Revolution, and Steven Van Metre.
Heresy Financial talks about a sovereign debt crisis as he predicts interest rates to explode higher in 2024. The Atlantis Report shares news of the US economy staring at a complete meltdown in 2024. Michael Howell, Founder & Managing Director of CrossBorder Capital joins WTFinance to discuss how shadow QE will save the bond market. Peter St Onge on Wall Street Silver talks about China making plays in bolstering global influence while America is distracted. Tech Revolution shares news of Poland overtaking Germany as Europe’s industrial superpower as Germany deals with industrial meltdown. Steven Van Metre says the global banking system is nearing its breaking point.
Heresy Financial
Oct 23, 2023
Interest Rates will Explode Higher in 2024
The Atlantis Report
Oct 23, 2023
Economic experts around the world are sounding the alarms, warning that a recession is looming on the horizon in 2023. The Global Economy has faced unprecedented challenges in recent years, and the signals pointing towards an upcoming economic downturn have grown increasingly concerning. Geopolitical tensions, energy market imbalances, persistently high inflation and rising interest rates are the key factors at play. It has been reported that economists are divided on what are the odds of the United States facing a recession in the next 12 months. 48 Percent of economists believe that a depression is likely, and 70 percent of consumers believe that it is inevitable. This will have drastic effects on the broader economy and affect every American household.
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WTFinance
Oct 23, 2023
Interview recorded – 20th of October, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Michael Howell – Founder & Managing Director of CrossBorder Capital.
During our conversation we spoke about what is currently happening in liquidity markets, whether the FED could go towards yield control, whether all liquidity is created equal, disconnect between inflation and bond prices and more. I hope you enjoy!
Wall Street Silver
Oct 23, 2023
In this video, Peter talks about how America engaged in multiple wars, while China takes center stage, bolstering its global influence through massive infrastructure investments. As China makes strategic moves and gains control over key global ports, the U.S.’s focus on defense may have unintended consequences. Peter dives into the intricacies of global politics and China’s push for dominance.
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Tech Revolution
Oct 23, 2023
The federal statistics office recently reported a dip in German industrial output, marking the fourth consecutive month of decline. This ongoing trend has sparked concerns regarding a looming recession.
The 0.2% decrease in industrial production in August surpassed the predicted 0.1% decline set by analysts consulted by Reuters. Franziska Palmas, a senior Europe economist at Capital Economics, mentioned that this decline in August was influenced by volatile elements, making it less concerning than initially perceived.
However, she remains wary and expects the downturn in industrial output to continue due to high-interest rates and a demand reduction. “We foresee a contraction in German GDP for both the upcoming third and fourth quarters,” Palmas commented. Two consecutive GDP contractions define a technical recession.
Germany’s challenges with idle factories last year, primarily due to the spike in gas prices and the repercussions of the Ukraine conflict, have provoked deeper contemplation on potential deindustrialization. While Germany grapples with concerns about its competitive edge, Poland, often termed Europe’s rising star, showcases its burgeoning manufacturing prowess.
Over the past ten years, Poland has exhibited an impressive 85% surge in output per individual, amounting to $43,113, as stated by the Organisation for Economic Co-operation and Development. In comparison, Germany’s rise is at 46%, with an average EU growth of 55% in the same duration. The data reveals more: a decade ago, Germany’s manufacturing industry constituted 20.3% of its economic yield, which has now reduced to 18.5% by 2022.
Poland, on the flip side, has bolstered its factory output from 16.7% of its GDP to 17.7%. Remarkably, this output has jumped from $101bn in 2019 to a whopping $122bn just last year.
Tomas Dvorak, a senior economist at Oxford Economics, comments on this phenomenon, “Poland has witnessed a comprehensive success story over the recent years. It’s not just about the industrial sector; the entire economy has made commendable strides.”
He further adds that Poland might stand alone, not just in Europe but potentially globally, in surpassing its industrial production to pre-pandemic figures. “The last trio of years, marked by challenges like Covid and energy crises, hasn’t caused any significant damage to the Polish industrial sector. This resilience is indeed notable.”
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The reasons behind Poland’s robust industrial performance still perplex many economists, Dvorak admits. Several attribute this growth to favorable government policies, while intrinsic factors like reduced wages and affordable land availability remain significant contributors.
Moreover, fortuitous timing seems to have also played its part in Poland’s economic success story. About this, a noticeable “near-shoring” trend is on the rise. Western corporations are recalibrating their supply chains, shifting them from distant locations such as China to closer shores.
Historically, industry has been deeply integrated into Poland’s journey to growth since the nation shrugged off the chains of communism. When the curtain fell on the Soviet Union, Poland emerged with an expansive and somewhat dated industrial foundation.
Yet, the nation’s proficient, technically trained workforce made it a prime hub for diverse industries, particularly given the added allure of relatively reduced wages. Data from the German Federal Statistical Office in 2021 reflected this disparity, with the average hourly wage in Polish manufacturing at $12.33 compared to Germany’s substantial $49.56.
For years, Poland played the role of a junior partner in Germany’s industrial realm. Being an integral part of Germany’s automotive supply chain, Poland has been producing essential components like engines, tires, and car seats.
Despite this, automotive production today constitutes approximately one-tenth of Poland’s total manufacturing output. However, the vision from Warsaw seeks to shift gears. Polish leaders aspire for the nation to begin producing higher-value items and have initiated measures to draw foreign investment in avant-garde technologies.
Noteworthy advancements in this direction include Intel’s announcement of a $4.6 billion factory near Wrocław. Simultaneously, Warsaw has been proactive in courting investments from the Taiwan Semiconductor Manufacturing Company, aiming to mitigate geopolitical risks linked to China.
Steven Van Metre
Oct 23, 2023
The Global Banking System is Nearing Its Breaking Point
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