Thursday, February 25, 2016
Gold’s Full House / Commodities / Gold and Silver 2016
By: Gary_Tanashian
Using the Macrocosm theme again (I can’t get enough of this gimmick) let’s update some key gold ratios in poker terms.
Thursday, February 25, 2016
Elliott Wave Analysis On German DAX And SP500 / Stock-Markets / Stock Markets 2016
By: Gregor_Horvat
German DAX
Bounce on DAX to 9400 today looks like a clear three wave move, so it can be wave b as part of incomplete corrective set-back. That said, we need to be aware of another leg down, ideally into gap area since Feb 15 where index may turn bullish again after the gap is filled. At the moment it can be too soon for any bullish continuation, but we will look for reversal signs for sure, once our support levels are meet.
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Thursday, February 25, 2016
The Balkanization of Europe / Politics / European Union
By: Raul_I_Meijer
When my mate Steve Keen took me to meet Yanis Varoufakis for dinner last week when we all happened to find ourselves in Athens together, I at least sort of regretted not having the time and space to talk to Yanis about his DiEM25 project for the democratization of Europe. It was a private occasion, there were other people at the dinner table, Steve and Yanis had no seen each other for a while, it was simply not about that.
Thursday, February 25, 2016
Gold Will Overwhelm Dent / Commodities / Gold and Silver 2016
By: DeviantInvestor
Harry Dent is a good demographer and stands for what he believes. But this is not about Harry Dent.
Charles Sizemore is a writer and editor who works for Harry Dent, but this is not about Charles Sizemore.
This is about gold!
Over a century ago JP Morgan understood that gold was money and the rest was credit. But he lived when you could buy groceries with a gold eagle and a cup of coffee cost a few cents.
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Thursday, February 25, 2016
Shanghai Stock Market First... Are we Next? / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
Good Morning!
Yesterday’s call that the Shanghai Index had topped must have been prescient. Overnight it dropped 187.65, or 6.41%. This puts the index just above a potential Cup with Handle formation whose target exceeds the Head & Shoulders formation target.
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Thursday, February 25, 2016
America We Are Already In A Recession 2016 / Economics / Recession 2016
By: Harry_Dent
So the S&P 500 is out of correction for now and the coast is clear. NOT! This is exactly what we’ve been predicting would happen – after reaching new lows, stocks would have to bounce before they inevitably resume their longer-term trend, which is down.
But stocks haven’t been the only victims of late. Just a couple weeks ago the January nonfarm payroll report came in at 151,000 jobs. So much for the expected 190,000! And of the ones reported, they were mostly low-wage jobs.
Thursday, February 25, 2016
This is The Problem With Free Trade / Economics / Global Economy
By: Rodney_Johnson
If you join a poker game and can’t identify the “mark,” then chances are, you’re it! The “mark” is the person at the game who is less experienced, or perhaps is given to reckless betting. By including this player in the game, everyone else has an opportunity to walk away a winner.But don’t lose sight of the bigger picture. Not everyone is a winner, and typically someone ends up the big loser!
The same principle works when countries get together for free or open trade. Everyone talks about how great it will be, how much their economies will grow, about efficiencies and new opportunities. But they almost never talk about the people who will lose.
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Thursday, February 25, 2016
Central Banks Should Stop Paying Interest on Reserves / Interest-Rates / Central Banks
By: MISES
Brendan Brown writes: In 2008, the Federal Reserve began paying interest on reserve balances held on deposit at the Fed. It took more than seven decades from the US leaving the gold standard — in 1933 — for the fiat regime to do this and thus revoke a cardinal element of the old gold-based monetary system: the non-payment of any interest on base money.
Thursday, February 25, 2016
Economic News Gets Worse... Stock Market Sentiment Unwinding.... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
Lots of bad news for the bulls today as the bull-bear spread blasted up from -13.5% to just -1.0%. A 12.5 move of bullish behavior and thinking. Then to add to the bad news we saw the flash ISM Services Report, or the preliminary report, come in below 50.0 for the first time in three years. Down nearly 4% month over month, which shows a very strong decline in the overall economic activity for our country. The services sector had been holding up better than the manufacturing sector, but it is clearly playing catch up. This is the worst possible news for our economy, to be losing the last piece of hope for an economic recovery. Bad news on sentiment. Bad news on our economy in a very big way, and the result is a nice blast higher in our markets after gapping down nicely and running lower after we opened up for trading. Would you expect anything else?
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Thursday, February 25, 2016
New U.S. Home Sales Unexpectedly Plunge 9.2%, Median House Prices Down 5.7% / Housing-Market / US Housing
By: Mike_Shedlock
New Home Sales Report Dismal Many Ways
Today's new homes sales report was a disaster. Sales fell 9.2% overall, sales in the west plunged 32%, the median price fell 5.7%, and supply rose to 5.8% from 5.1%.
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Thursday, February 25, 2016
Walkers Crisps Game Ready Win UEFA Champions League Prizes Delivery Update / Personal_Finance / Freebies and Comps
By: Adnaan_Walayat
This is an update on the status of the easy to win walkers crisps UEFA Champions League Game-Ready promotion, as today I received emails informing me to choose the sizes of 27 t-shirts! Find out the details of what to expect in terms of delivery of these and other prizes in this really easy to win t-shirts, footballs and sharing bowl prizes in my video update.
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Wednesday, February 24, 2016
Why Central Banks Will Buy Silver / Commodities / Gold and Silver 2016
By: Hubert_Moolman
Money is a store of value (or wealth), a medium of exchange as well as a unit of account. In order for money to be effective in the above it has to have the following properties:
- divisible - should be divisible in smaller units
- portable - able to carry it around therefore a high value should be able to be contained in a small space and weight
- homogenous - one unit should be the same as any another unit
- durable - should not be able to be easily destroyed or eroded
- valuable - should have intrinsic value, normally because it is desirable. Should not be able to be created or discovered without reasonable effort (normally a commodity itself).
Wednesday, February 24, 2016
Don't Expect Global Economy 'Crisis Response' from G-20 Meeting / Economics / Global Economy
By: Bloomberg
U.S. Treasury Secretary Jack Lew sat down with Bloomberg's David Westin in Washington D.C. ahead of the G-20 meeting later this week in Shanghai, China.
When asked about a response from G-20 to global market turbulence, Lew said: "Don't expect a crisis response in a non-crisis environment. You know, it's not the job of finance ministers and central bank governors to accelerate a crisis. It's our job to try and avoid a crisis. If you're in a crisis, you do different things."
He added: "I don't think this is a moment in time when you're going to see individual countries make the kinds of specific commitments that have been made in some other contexts that have been marked by real crisis. This is not a moment of crisis. This is a moment where you've got real economies doing better than markets think, in some cases."
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Wednesday, February 24, 2016
An Escalating War on Cash / Stock-Markets / War on Cash
By: John_Browne
On February 16th, The Washington Post printed the article, "It's time to kill the $100 bill." This came on the heels of a CNNMoney item, the day before, entitled "Death of the 500 euro bill getting closer." The former cited a recent Harvard Kennedy School working paper, No. 52 by Senior Fellow Peter Sands, concluding that the abolition of high denomination notes would help deter "tax evasion, financial crime, terrorist finance and corruption." In recent days, former Treasury Secretary Larry Summers, ECB President Mario Draghi, and even the editorial board of the New York Times, came out in support of the elimination of large currency notes. Apart from the question as to why these calls are being raised now with such frequency, the larger issue is whether these moves are actually needed or if they merely a subterfuge for more complex economic manipulations by central banks to extend control over private wealth.
Wednesday, February 24, 2016
This Is What Gold Does In A Currency Crisis, British Edition / Commodities / Gold and Silver 2016
By: John_Rubino
It appears that Great Britain might actually do the until-recently-unthinkable, and leave the European Union. The reasons for this dramatic break-up are many, and can be Googled easily enough. For our purposes, suffice to say that traders are scrambling to figure out what this means for the British pound, and they’re not liking the answers. Here’s a quick look at the recent foreign exchange action:
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Wednesday, February 24, 2016
The 5 Worst Days in American Economic History / Politics / US Federal Reserve Bank
By: Andy_Sutton
I’ll be upfront going in and say that some of this material is going to double a bit with a fantastic message preached by Chuck Baldwin a few weeks ago. As I listened, some different angles came to mind, and some different events altogether. As we get further and further into the silly season otherwise known as an election year, it is important to remember that sometimes we really do get what we wish for.
I guess what hit me the hardest about all of this is the fact that we are watching a circus right now; and that circus has a pre-defined outcome. The winners have already been decided in the major national elections. What is more baffling is that it doesn’t even matter if the winners were already decided, the outcome will be the same regardless of who ‘wins’. There seems to be little doubt among voters that America is on the wrong path – regardless of political affiliation (of which I have none, by the way – I am an American – that’s it) but there is a huge argument about what the ‘right’ path might be and how to get the country on that path. Hence the Laurel and Hardy-esque two bit cheap show we witness every four years.
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Wednesday, February 24, 2016
Next Banking Crisis Is Already Here – Opportunity! / Companies / Credit Crisis 2016
By: Chris_Vermeulen
When the next great financial crisis strikes, millions will be blindsided by what is coming and will be shocked by a “New Great Depression of The 21st Century”. This does not have to happen to you. It is empowering to know what is coming and to understand why it is coming. It is important to get prepared in advance for turbulent times. It is also imperative to have a plan for the years ahead. I will do my best to prepare you in advance for any eventuality.
Wednesday, February 24, 2016
Gold Price Now? / Commodities / Gold and Silver 2016
By: Axel_Merk
Gold never changes; it's the world around it that does. Why is it that we see a renewed interest in gold now? And more importantly, should investors buy this precious metal?
Key attributes in a 'changing world' that may be relevant to the price of gold are fear and interest rates. Let's examine these:
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Wednesday, February 24, 2016
British Pound, Financial Markets Mayhem and the Trump Revolution - Video / Stock-Markets / Financial Markets 2016
By: Mario_Innecco
Transcript excerpt: its February 24th 2016 in its Wednesday 9:30 a.m. London England time or 4:30
a.m. Eastern Standard Time the us- start out two day talking about the British
Pound and it's kind of part of the video I made under 12 January called British
Pound a harbinger of global financial mayhem and since then you know we saw
the stock market dropped quite a bit since the middle of January I know it
dropped quite a bit as well from the beginning of January and then we've been
rebounding over the last week or ten days and we are actually pretty much in
terms of the dow where we were on January 12 maybe a little or where we
are one you know I'm down right now as I speak is down 88 16,000 34 years and I
think we're around 16,400 in one of the reasons I mentioned British Pound be a
harbinger financial mayhem is that in the last financial crisis the pound
Wednesday, February 24, 2016
UK Housing Market Mortgage Lending Surges by 38% / Housing-Market / Mortgages
By: MoneyFacts
“The latest statistics from the BBA show that mortgage approvals are up 38% from last year. The rise has been greatly helped by intense competition in the mortgage market, with every loan-to-value (LTV) and fixed rate being fought over by lenders wanting to gain pole position. As a result, the average two-year fixed mortgage rate, for instance, has dropped from 3.14% to 2.56% in the space of just one year.
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