Marc Nonnenkamp – Page 15 – Financial Economic Update

About Marc Nonnenkamp

Marc Evan Nonnenkamp was born in Elmhurst, New York and grew up in the San Francisco Bay Area, where he graduated from the University of California at Berkeley with a Bachelor’s Degree in German Language and Literature in 1984. He has a Master’s Degree in Business Administration from the Mason School of Business at The College of William and Mary in Virginia (class of 1987) and worked in commercial banking in the Bay Area, in Hamburg, Germany and Atlanta before entering his current career in tax accounting in 1993. He has written two books on the Volkswagen Group of Germany, three books on the Navies of Germany and Austria, two books on scale model collectible toy cars and one book about the Borromeo family of Cebu City, the Philippines. His aunt worked for Volkswagen of Canada, initially with Mr. J. Stewart Perkins who became the President of Volkswagen of America, Inc. in the USA. His family has owned four Volkswagens, it being his favorite automotive brand. Both of Marc Nonnenkamp’s books on VW are part of the historical archive collection of Volkswagen A.G. in Wolfsburg, Germany. “Volkswagen: a Car for the People” is featured in a book review written by Mr. Glen Smale of “Vehicle Engineer International” of the UK. His paternal grandfather served in the interwar German “Reichsmarine” from 1924 to 1936, aboard the Pre-Dreadnought Battleship “Braunschweig,” the sailing ship “Bremen” (a training vessel) and aboard the Pocket Battleship “Deutschland.” His maternal grandfather Andres Borromeo y Reynes was a famous provincial Judge in the Philippines. All three of Marc Nonnenkamp’s books on the German and the Austrian Navies are endorsed by the California Center for Military History in Eureka (part of the California National Guard). “The German and the Austrian Navies” is featured in a book review written by Walter “Winn” Price of the U.S. Naval Historical Foundation. His book on the Borromeo family of Cebu is featured by the Borromeo Family Country Hotel in Milan, Italy (the home of the Borromeo family of Italy). Marc Nonnenkamp’s two books on toy cars are endorsed by Hornby Hobbies, a large toymaker in the United Kingdom. Hornby owns famous British toy brands such as Corgi and Lledo. His books have official Corgi catalogue illustrations.

Financial, Economic and Social Mood Update (September 4, 2016)

By Marc Nonnenkamp September 4, 20162016, Monthly Updates

Financial, Economic and Social Mood Update (September 4, 2016) The Dow Jones 30 Industrial Index and the S&P 500 Index both made new record nominal highs on August 15, 2016. The global bond market is on the cusp of what will likely be its most massive crash in recorded history – interest rates and yields are at artificially low levels (about 30 percent of global sovereign debt is actually trading at negative yields) and the next major historical wave should take interest rates in the industrialized world beyond levels last seen in 1981 and 1982 – in other words, well into double digits. The largest monetary investment in recorded human history is now actively being led from Mainland China. The Chinese refer to this as the “Silk Road” and/or as the “One Belt, one Road” project. The money committed thus far equals US $1.4 TRILLION, involving 64 member countries (mostly in East Asia, South Asia, Central Asia, the former USSR, and in Europe) with 40 percent of world GDP and 60 percent of the global human population. China is busy building roads, high speed rail networks, deep water shipping ports, and transportation pipelines for crude oil and natural gas which lead from 63 other countries into China. China itself already ranks number one in population (19 percent of the world total) and number one in PPP GDP (18 percent of the world total ahead of either the EU or the USA). China is the number one manufacturing nation in the world – fully half of all physical goods produced in the world today come from Mainland China. All of this is the fruit of the change in Chinese leadership which took place in 1976. China’s next major geopolitical goal is to change or to replace the Bretton Woods system which…