Wednesday, February 17, 2016
Gold and Silver - Goldman Says Have No Fear and Buy Our Paper / Commodities / Gold and Silver 2016
By: Jesse
Goldman analyst Jeffrey Currie came out this morning with a 'sell gold' recommendation for Ma and Pa Muppet.
I was fortunate enough to hear his explanation for this in his own words on Bloomberg TV, which had touted his gold call about every fifteen minutes all day.
The net summary of Mr. Currie's forecast is that Goldman's economists think that there ought to be no fear in the financial paper markets, since there is an historically low chance of a recession, less than fifteen percent, and he sees no real possibility of negative interest rates.
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Wednesday, February 17, 2016
Wealthbuilder Stock Market Brief / Stock-Markets / Stock Markets 2016
By: Christopher_Quigley
Time for steady state economics to be introduced.
As a student of economics and monetary theory one of my greatest heroes is M. King Hubbert.
He was an American scientist born in Texas in 1903. He was a man of great integrity,
intellectual honesty and courage. He was a visionary who believed in the power of ideas
and the need to use intellectual rigor to analyze and manage change.
Wednesday, February 17, 2016
Weed Killer Cheap Vs Expensive Test - B&M Stores vs Resolva Tesco / ConsumerWatch / Reviews
By: Anika_Walayat
Springs just around the corner, and the weeds usually tend to be the first to sprout, so now is the time to be prepared to nip any weed infestations in the bud, and definitely before they go to seed and multiply their presence a hundred fold. In this test we find out whether a cheap weed killer purchased from a discount store such as B&M Stores is just as effective as a more expensive weed killer purchased from a garden centre or supermarket such as Tesco.
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Wednesday, February 17, 2016
Perverse Sort of Stock Market Wave Pattern / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
This has been a difficult retracement to follow. Here is the detail of what has happened.
The first Wave down from 1947.20 is clearly a Wave (a), since does not have a five wave structure. What fooled me was that I had assumed that Wave [b] was really a larger degree Wave B, which meant that Wave C of (3) would begin at 1881.60. Instead, it was the final wave [c] of A.
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Wednesday, February 17, 2016
U.S. Presidential Primaries - That’s All I Can Stands, I Can’t Stands No More / ElectionOracle / US Presidential Election 2016
By: Raul_I_Meijer
A week after the New Hampshire Presidential Primaries, what lessons, if any, can we take from the dramatic victories of two outsider candidates? Former New Hampshire resident and occasional Automatic Earth contributor Nelson Lebo weighs in.
Note: Nelson writes below that “Trumpification is a clear and present danger” for writers like me “who rely on the best available data, statistics, facts”. But so far I find Trump mostly amusing, and an excellent indicator of what America has come to. And there’s little he can do to make representation of the facts in the media even worse than it is. Turns out, it didn’t take Trump to Trumpify the media. It might well be the other way around, that the Dumbification of the press paved the way for Da Donald. Here’s Nelson Lebo III:
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Wednesday, February 17, 2016
Gold Price Stabilises Above $1,200; Asia Markets Run Out Of Steam / Commodities / Gold and Silver 2016
By: GoldCore
Global economic turmoil continues to rumble on as major economies seek to come to grips with a changing monetary environment, sagging growth, low inflation, pockets of deflation and uncertainty over the future of Europe post Brexit. Japanese shares sold off after their gains on Monday, falling 1.8% in today’s trading sessions. European shares rising 1.6% this morning on the back of an expectation that volatility in the markets may begin to stabilise, feels more like a dead cat bounce to be honest.
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Wednesday, February 17, 2016
FTSE Bounce to Prove Brief / Stock-Markets / UK Stock Market
By: AnyOption
The bounce in capital markets across the globe amid speculation of expanded stimulus from the European Central Bank and looser lending conditions in China may have sent risk assets and equities higher, but the positive sentiment is unlikely to last. Worsening fundamental conditions in the United Kingdom combined with a weak external environment have contributed to the sizable decline in FTSE 100 equity index over the last several months, with the benchmark dipping into a bear market last month following a widespread market selloff. A number of lingering issues continue to plague the index, keeping the pressure on performance high as concerns about the drag from energy, softer industrial activity, and another bout of regional bank weakness are offset gains from a more competitive Pound.Read full article... Read full article...
Wednesday, February 17, 2016
U.S. Presidential Campaign Slogans and Make Believe - ranking the best and the worst / ElectionOracle / US Presidential Election 2016
By: Michael_T_Bucci
It is common understanding that the phrase "seeing is believing" means "I won't believe something until I see it." I won't believe that ghosts or UFOs exist until I actually see one and only then if I've exhausted all other possible explanations.
When the adage "seeing is believing" is turned upside down, i.e., "believing is seeing". It means we often project onto an object, person or event a preconceived notion rather than see it for what it is.
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Wednesday, February 17, 2016
U.S. Banks Ready for Negative Interest Rates? / Interest-Rates / Credit Crisis 2016
By: BATR
The test run proved that negative interest rates can push savers into minus territory. Public outrage, while registered is not heard by the central bankers. The reasoning that commercial banks will start making loans because of the cost of sitting on deposits is pure fantasy thinking. As the article, Low Interest Rates Impoverish Savers shows,
“How long will people accept this thief? The options to parking cash in hand with a FDIC insured institution seems worth an examination. However, few alternatives for working class savers exist. Surely, this occurrence is intentional because the real objective of the "New Normal" is to bankrupt Middle America. What other conclusion makes sense?”
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Wednesday, February 17, 2016
Gold Knocked for a Loop / Commodities / Gold and Silver 2016
By: Dan_Norcini
This looks to me more like an overreaction to the down side in gold based off a sort of mini-panic out of the safe haven trades.
From a fundamental standpoint, nothing has changed in regards to the concerns about negative interest rates nor the chaotic nature of the forex markets. While today’s move in gold certainly was certainly unsettling, it should be kept in mind that this market has rallied nearly straight up since January 14 putting on almost $190 in a month. That is one impressive rally!
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Wednesday, February 17, 2016
Very Solid Stock Market Session and Nice Start to the Week / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices started off the week with a bang. They ran hard all day, with a huge gap down early morning, bounced, consolidated late afternoon, and then came on again right at the close to finish at the highs for the day. It couldn't be a better day.
Net on the day, the Dow was up 222.57 at 16,196.41, at the tick high for the day. The S&P 500 was up 30.80 to 1895.58, within pennies of its high. The Nasdaq 100 was up 85.14 to 4104.33, also at the tick high for the day.
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Wednesday, February 17, 2016
Did the Dow Just Prove Goldbugs Right? / Commodities / Gold and Silver 2016
By: The_Gold_Report
When celebrity investor Mark Cuban announces to the world that he is investing in gold, is that a sign that the ride up is just getting going, or that it has already peaked? The Gold Report reached out to long-time experts in the sector for a better understanding of what is moving the markets—negative interest rates, a topping dollar, Fed testimony, increased gold buying in China—and what that means for junior mining stocks in the coming months.
Wednesday, February 17, 2016
BrExit - Visegrad Conspiracy, Poland, Hungary, Slovakia and Czech Refuse to give up Migrant Benefit Payments from Britain / ElectionOracle / EU_Referendum
By: Nadeem_Walayat
With single mindedness or madness the Visegrad conspirator nations of Poland, Hungary, Slovakia and Czech Republic have refused to play along with the smoke and mirrors illusion that the European Commission has been constructing for David Cameron to hoodwink the British public into voting to remain within the EU. Instead all four conspirator nations are refusing to give up a single £1 in benefits payments from British tax payers to their citizens by flatly refusing any curb in child benefit payments claimed for several million children who reside in their home nations to the determent of British children in terms of a lower payout rate and tapering of child benefit than would otherwise be the case given an estimated 1/3rd of the budget is being siphoned off into eastern europe.
Tuesday, February 16, 2016
The 2016 Financial Market Meltdown and The Golden Age / Stock-Markets / Financial Crisis 2016
By: Chris_Vermeulen
The majority of the world’s stock indices topped out this month on Monday, February 1st, 2016 after a strong oversold technical bounce in price. Several indexes are now in the process of their first re-test of those multi-month lows which should act as support.
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My belief is that the FED will abandon its plan to raise short-term rates in March 2016, given the “economic global contraction” in economic data including the Baltic Dry Index and troubled banking systems in the European Union.
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Tuesday, February 16, 2016
Has Chicago Reached Debt Boiling Point? / Interest-Rates / US Debt
By: Rodney_Johnson
In the 1890s Charles Dana, editor of the New York Sun, referred to Chicago as the “Windy City.” Chicago was one of many cities competing to host the World’s Fair, and clearly the writer intended the double entendre to apply to the city’s weather as well as its mouthy politicians.When it comes to Chicago’s weather, anyone who has visited “Chi-town” (as the city is known in CB-lingo) can attest to the screaming wind off of Lake Michigan. It howls for what seems like days at 40 mph, carrying with it sub-zero temperature in the winter.
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Tuesday, February 16, 2016
Inflation Doesn't Come From Seasonally Adjusted Employment / Economics / Inflation
By: Michael_Pento
According to the Bureau of Labor Statistics (BLS), there were 151k, 000 net new jobs created in the month of January, and the unemployment rate fell to 4.9%. The continuing increase in new job creation and removal of slack in the labor market is causing the Phillips-curve-obsessed Fed to maintain a tightening stance on monetary policy.
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Tuesday, February 16, 2016
Gold Price Breaking Out or Just Another Letdown / Commodities / Gold and Silver 2016
By: Sol_Palha
From top to bottom of the ladder, greed is aroused without knowing where to find ultimate foothold. Nothing can calm it, since its goal is far beyond all it can attain. Reality seems valueless by comparison with the dreams of fevered imaginations; reality is therefore abandoned.
Emile Durkheim
Tuesday, February 16, 2016
Why Negative Interest Rates Will Fail / Interest-Rates / Financial Crisis 2016
By: Frank_Hollenbeck
It is now just a matter of time before the US central bank follows the central banks of Japan, the EU, Denmark, Sweden and Switzerland in setting negative rates on reserve deposits.
The goal of such rates is to force banks to lend their excess reserves. The assumption is that such lending will boost aggregate demand and help struggling economies recover. Using the same central bank logic as in 2008, the solution to a debt problem is to add on more debt. Yet, there is an old adage: you can bring a horse to water but you cannot make him drink! With the world economy sinking into recession, few banks have credit-worthy customers and many banks are having difficulties collecting on existing loans.
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Tuesday, February 16, 2016
SPX Rolling Over / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
SPX went on a low volume ramp over the extended weekend, topping out near 1895.00, the 61.8% Fibonacci retracement level at midnight. Since then it has eased down near Short-term resistance at 1884.20. Today is a double Pivot Day in the Cycles Model, suggesting a strong reversal may be happening.
Tuesday, February 16, 2016
Euro Bond Crisis Returns As Germany Pushes Euro Sovereign Debt Bail-in Clause / Stock-Markets / Eurozone Debt Crisis
By: GoldCore
European Banks holding European sovereign debt may have to take haircuts and be part of bail in plans should that same debt default, according to a plan being pursued by German government advisers. In another attempt to shelter German tax payers from the largess and excess of fellow European neighbouring countries’ national banks, the move could trigger a run on billions of euro of sovereign debt of said banks. In an article penned by the Telegraph’s Ambrose-Evans Pritchard, one of the council’s dissenting members describes the plan as the “fastest way to break up the Eurozone”.