It is the 16th of September 2019

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US Army Shrinks To Smallest Since 1940 As Chinese Military Recruiting Accelerates

The Army’s latest headcount shows that nearly 2,600 soldiers departed active service in March without being replaced, an action that plunges manning to its lowest level since before World War II, according to ArmyTimes.com. This is occurring as The People's Liberation Army (incidentally the world's largest military force, with a strength of approximately 2,285,000 personnel, or 0.18% of China's population) has begun aggressively recruiting, and rattling its sabre increasingly loudly over US interference in the South China Sea island dispute and most recently in Hong Kong.

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According To Deutsche Bank, The "Worst Kind Of Recession" May Have Already Started

One week ago, Deutsche Bank's Dominic Konstam unveiled, whether he likes it or not, what the next all too likely step will be as central bankers scramble to preserve order in a world in which monetary policy has all but lost effectiveness: "It is becoming increasingly clear to us that the level of yields at which credit expansion in Europe and Japan will pick up in earnest is probably negative, and substantially so. Therefore, the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes."

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Air Freight Volumes Across Largest Global Market Tumble 15% In First Quarter

For years, our biggest lament and recurring confirmation that unorthodox monetary policies are simply not working, has been tracking global trade - the lifeblood of any properly functioning global economy - which has not only failed to reach its pre-crisis growth rates, but especially over the past 2 years, has seen slowing dramatically. The latest evidence of this slowdown came earlier today when the International Air Transport Association (IATA) reported that demand for global air freight, measured in freight tonne kilometres, fell another 2% in March on subdued growth in world trade.

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