Wednesday, November 11, 2015
Japanese Bonds Yield of Dreams? / Interest-Rates / Japanese Interest Rates
Why Japan's long-battered bond market may be gearing up for a comeback
Saber-tooth tiger. Wooly mammoth. Japanese government issued bonds?
Well it's happened. After years of enduring an unrelenting bear market (marked by plunging yields and rising prices) -- the long-battered Japanese government bond has made it on to the endangered financial species list.
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Wednesday, November 11, 2015
The American Way of Endless Wars / Politics / US Politics
America is addicted to endless direct and proxy wars of aggression. Peace is anathema, social justice discarded to devote national resources to warmaking and militarizing the homeland.
Washington’s criminal class is bipartisan. Duopoly power rules, one party with two wings, serving monied interests exclusively, not a single identifiable administration, congressional or top-level judicial profile in courage, all in lockstep with what makes America the most feared and hated of all nations.
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Wednesday, November 11, 2015
Silver Price Slide in Early Phase / Commodities / Gold and Silver 2015
Commodity deflation has left no stone unturned and precious metals have not come away unscathed. Although promising as a store of value, recent moves by the Federal Reserve have seen some uncertainty surrounding Central Bank decision-making abate. Confidence in a December rate hike is high following a blockbuster jobs report that saw nonfarm payrolls surge to the highest level since December of 2014. Although current Fed Funds futures are rising towards the 70% threshold for liftoff at the mid-December FOMC meeting, the pressure is on for precious metals. A weak consumer inflationary dynamic combined with far-reaching commodity deflation is seeing investors abandon haven assets in favor of yield.Read full article... Read full article...
Wednesday, November 11, 2015
Rejecting the Keystone Pipeline / Commodities / Crude Oil
All thinking and rational students of economics and political policy should take note of the triumphed message sent out by the CREDO Action progressive group. The strategy to organize a massive civil disobedience confrontation has been absent from the public square for far too long. However, when the cause is so ill founded and based upon foolish economic realities, the protesting activists need to rethink their falsely placed suppositions.
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Wednesday, November 11, 2015
Is There a Bright Spot in Energy Commodities? / Commodities / Energy Resources
Demand for commodities is in the doldrums, but the fundamentals of uranium and lithium are favorable when compared with other materials, says Paul Renken, mining analyst for VSA Capital Ltd. In this interview with The Energy Report, Renken notes that rising demand for batteries will soon exert pressure on lithium production capacity and that well-placed uranium juniors are in position to meet demand from nuclear power plants now in development. Investors must be patient, but diligent selection will be rewarded.
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Wednesday, November 11, 2015
BOA's Moynihan: U.S. Consumer Spending Strong in October / Economics / US Economy
Brian Moynihan, Bank of America CEO, spoke with Bloomberg Television's David Westin today about the risks facing the banking industry and the state of the global economy.
Moynihan on U.S. consumer spending: "October is probably one of the strongest months this year relative to October of last year…It's a strong economy…Unemployment levels are down, and wage growth is picking up. That’s all good. Now the question is, what can derail that. And that’s what we have to pay attention to."
Tuesday, November 10, 2015
What is Needed for a Stocks Bear Market Scenario / Stock-Markets / Stocks Bear Market
Wave (i) is jumbled and overlapping, but there are 5 clear waves. Leading Diagonal Waves may account for that. Wave (iii) is cleaner and a bit more convincing as an impulse. However, what we don’t want to see is Wave (iv) overlapping Wave (i) at 2083.74. Wave (iv appears to be an a-b-c correction. Wave a went to 2083.09, while Wave c went to 2083.67. An impulsive decline without overlapping 2083.74 with a bounce to the vicinity of Short-term resistance at 2086.85 would be needed to set up the bear market,
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Tuesday, November 10, 2015
Portugal Government Resignation Is Potentially A Very Big Deal / Politics / Euro-Zone
Portugal has entered a phase change, with potentially huge ramifications.
After handing a parliamentary majority to a coalition of leftist (i.e., anti-austerity, anti-euro, anti-NATO) parties, and then trying to prevent them forming a government, the country now looks likely to stand back and let it happen. Here’s an update from today’s Wall Street Journal:
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Tuesday, November 10, 2015
10-year US Treasury Note / Interest-Rates / US Bonds
The rate on the 10-year US Treasury Note (ticker symbol TNX) had its best week since June last week with a gain of 8.46% to close at 23.33. It even printed an engulfing bullish candlestick on Friday.
Most of the week’s gain came on Friday’s strong non-farm payroll report. The breakout from the June bear trendline would seem to open the door for a return to the June high near 24.75 but…
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Tuesday, November 10, 2015
Top in Bitcoin Price Might Be behind Us / Currencies / Bitcoin
In short: short speculative positions, target at $153, stop-loss at $515.
Nobel Prize winner Eugene Fama has recently expressed his views on Bitcoin in an interview with the Bitcoin Uncensored Podcast:
Read full article... Read full article...BU [Bitcoin Uncensored]: If you're carrying that much cash, you probably would want the anonymity features of bitcoin. On another note, why do we have 2% processing charges on credit cards you would say? If in fact the cost of moving money is zero.
Tuesday, November 10, 2015
The Business Cycle Is Winding Down / Economics / Recession 2016
From April through October, I race a 37-foot sailboat every Thursday night. The course changes weekly, and ranges from three to seven miles long, depending on the wind.Before the race, we review the course and weather conditions and decide our strategy for the starting line. During the race, we generally enjoy the sail and competition, with only the occasional bout of yelling. We also enjoy a good beer, while on the boat and afterwards when we retire to the local Irish pub.
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Tuesday, November 10, 2015
One of the Greatest Deceptions of Our Time? / Stock-Markets / Stock Markets 2015
This has been weighing heavily on my mind lately.Recently I've discussed how politicians don't understand the economy. They don't understand innovation – the fact that it comes out of challenge, and that without occasional crisis, the economy can't rebalance and run as it should.
So it's no coincidence that the two great innovations of modern economics both emerged out of a different kind of crisis or challenge – a revolution, a challenging of the status quo.
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Tuesday, November 10, 2015
The Key to Running a Successful Accounting Firm / Personal_Finance / SME
Larissa James writes: When operating an accounting firm, it’s easy to get lost in routines and habits. And while it’s obviously important to focus on changing tax laws, evolving accounting procedures, and industry trends, you can’t forget about the basics. At the very heart of a firm’s success is that firm’s ability to connect with clients, engage them, and establish trust. If you’ve forgotten or overlooked this truth, you’re missing out on a major opportunity to grow your brand.
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Tuesday, November 10, 2015
Gold, Stocks and the Elect a President Cycle Silly Season / Commodities / Gold and Silver 2015
The Silly Season – the Elect a President Cycle – is upon us. We pretend the candidates matter and care about the American public and their values, we pretend the election is important, and we forget that the outcome is heavily influenced and/or controlled by Wall Street and the Military.
Hillary Clinton: “What difference does it make?”
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Tuesday, November 10, 2015
Political Climate Shifting Against The Oil And Gas Industry / Commodities / Crude Oil
Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more "above ground" problems at a time that they can ill-afford it.Read full article... Read full article...
Tuesday, November 10, 2015
One of America’s Largest Online Retailers Is Stockpiling Gold and Silver Coins to Pay Employees In Coming Crisis / Commodities / Gold and Silver 2015
One of America’s largest companies is preparing for problems in the banking and financial system and another financial crisis.
Online retail giant Overstock.com (OSTK), publicly stated that the company has stockpiled gold and silver coins in preparation for another U.S. financial crisis. Patrick Byrne, its founder and chief executive, is a libertarian who champions crypto currencies, bitcoin and gold and silver bullion as financial insurance against risk in the financial and monetary system.
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Tuesday, November 10, 2015
David Cameron's Pantomime Letter to European Council President Donald Tusk - Full Text / ElectionOracle / UK EU Referendum
David Cameron has started his pantomime act that will likely fail in negotiating anything of significance out of a European Union which will largely remain deaf, dumb and blind to Britain's demands for partial freedom from EU slavery.
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Tuesday, November 10, 2015
The 10-year Fixed Rate Mortgage Gamble / Housing-Market / Mortgages
With uncertain times ahead with regards to base rate, many borrowers are looking for long-term mortgage repayment security to shield them from future, unpredictable rate rises.
Ten-year fixed rate mortgages do just that, and data from Moneyfacts.co.uk shows that the number of deals available has almost doubled in just one year to meet growing demand. And in even better news, the interest rates being offered have also fallen.
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Tuesday, November 10, 2015
Plunger’s Gold Bottom Watch / Commodities / Gold and Silver 2015
That’s where it appears we are now, the final drive to the bottom. Rambus’ weekend charts still show how bearish the PM charts are and it will take a lot of work to turn them around and get them pointed back up, Having said that I see the initial components we should expect to see of a bottom and turn entering into the picture. Call these pathway elements as they come before the bottom and take a bit of time to have their effect of bringing about the turn. First off what will propel the next bull leg in the PM stocks is the investment case for metal stocks. That is primary defined by the real price of gold and input costs into mines, That has been improving for over one year now. Mainly driven by the oil price, which imputes itself into all costs of a mining operation. Cheaper oil impacts not just extraction cost but costs of materials, explosives, those big expensive truck tires etc. Plus communities and governments are warming up to mining projects. Ecuador is a case in point, since oil revenue is down they need taxes from other sources and the mining sector is becoming favored again. Here is a view of the gold/oil relationship, note how the trend (30 EMA) is higher.
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Tuesday, November 10, 2015
Gold Price Falls Through Key Technical Support, Must Hold Above $1,072 / Commodities / Gold and Silver 2015
It has been a rough few weeks for gold investors, as the price has experienced a waterfall decline of over $100. First, the price dropped through key support at both the 200-day and 100-day moving averages. Then it proceeded to violate the uptrend (green line) that has been in place since July and support at the September low of $1,097.
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