Panama Papers search goes public at 2 pm today

Image: VectorOpenStock.com

Crowd sourcing is powerful. A million computers with a million users all sifting through a massive pile of information is the way to do it. There are only so many pieces of straw in a haystack.

It must be noted however that the organization in charge of the Panama Papers search to date is not releasing all of the information it has wholesale.

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Citibank: World economy trapped in ‘death spiral’

The universe has patterns. Either go with the flow or pay later. Looks like we are “paying later.”

A serious recession would be terribly trying particularly in light of the geopolitical jockeying going on right now. Acute financial pressure, and it is already acute in some parts of the world, makes for instability. Leaders do stupid things when countries are in economic pain.

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How the U.S. Dollar Spread Across the World (Very cool – and short – video)

I have to hand it to the folks at HowMuch.net. They do some fascinating content. Below they exhibit how the US dollar enveloped the world.

The dollar is actually far more powerful than this video shows as most commodity business is done in US dollars, particularly oil business, the so called petrodollar system.

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Economic “ghosts of the 1930s”

Sweden cuts interest rates to below zero. The rest of Scandinavia looks about. Deflation looms. Ukraine fights. Greece revolts. France and Belgium are coming to terms with terrorist attacks. Obama asks for permission to widen the war in the Middle East. Russian billionaires spill into Switzerland forcing a de-peg from the euro. Russia herself writhes economic in crisis. China continues to slow. International shipping slows too.

Ghosts? We don’t believe in ghosts. But history and lessons learned or not learned is another issue.

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David Stockman: In Praise Of Price Discovery

I think that it’s funny that David Stockman, Ronald Reagan’s former budget chief, starts his column with this sentence:

“This morning’s market is more erratic than Claire Danes off her lithium.”

Seems a little gratuitously mean. Accurate (?) perhaps but mean. But that is one of the things we like about the guy. His acid.

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Is a global economic recession coming? Copper prices (and other developments) point to ‘yes’

Funny, for many people it still feels like we are in a recession, now we’re looking at another one?

China buys more copper than anyone to make the things China makes. If China’s manufacturing slows so to do inflows of copper.

It’s hard to get good information out of the Crony’s Republic of China. But we do know when they stop buying copper, and what that generally means.

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See, everything is great. Unemployment at 5.6%. No worries.

We are starting to approach what many economists call “full employment.” The point at which the people who are unemployed really are “just between jobs.” There is little long term unemployment. Jobs are plentiful. There is upward pressure on wages. In short, general prosperity.

Can’t you feel it?

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