Sunday, April 02, 2017
BrExit War - Spain Warned Remember Falklands Over Gibraltar Subversion Attempts / Politics / BrExit
With barely the Brexit process begun, Spain has already started to play their age old we want Gibraltar card with the EU issuing the following statement in support of Spain's claims on Gibraltar:
"After the United Kingdom leaves the Union, no agreement between the EU and the United Kingdom may apply to the territory of Gibraltar without the agreement between the Kingdom of Spain and the United Kingdom."
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Sunday, April 02, 2017
The Russia US Election Hacking Fiasco: No Evidence Required / Politics / US Politics
Here’s what bugs me about the Russia hacking story: Why would the media, whose credibility is already at its lowest point ever, go after Trump when they had no facts to back them up?
Why?
Do the media bosses really think that if they set their hair on fire and run around yelling, “The Russians did it, the Russians did it”, the American people will sheepishly nod in agreement?
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Sunday, April 02, 2017
The American Dream, Twice Removed / Politics / Social Issues
Nicole Foss is in Christchurch, New Zealand right now for the Living Economies Expo, and sent me, I’m still in Athens, Greece, a piece written by yet another longtime Automatic Earth reader, Helen Loughrey (keep ’em coming!), who describes her efforts trying to find a rental home in Fairfield County, Connecticut.
The first thing that struck me is how effortless and global sending information has become (category things you know but that hit you anyway occasionally, which is a good thing). The second is that the fall-out of the financial crisis has followed the same path as the information ‘revolution’: that is, it’s spreading faster than wildfire.
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Sunday, April 02, 2017
Emerging Markets Index ETF (EEM) Increasing Chance of a Correction / Stock-Markets / Emerging Markets
iShares MSCI Emerging Markets Index ETF (EEM) hit a high of 40.23 two weeks and has since begun to show signs that it may be starting a correction. At that high EEM had advanced 12.62 or 45.71% off the 27.61 bottom reached in January 2016. A move down to at least the uptrend line is looking likely now before this ETF is ready to make another run higher, if it is to do so.
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Sunday, April 02, 2017
Time to Repair the Deflating US Dollar / Currencies / US Dollar
Every century the US has been existence there has been a new USD. And we believe it is time for a new US Dollar in the 21st century. In the following paragraphs we hope to explain why this is required, and how this could be accomplished in the coming years. First a little history.
In the 18th century (1792) the US established the first USD with the one ounce Silver coin. There was no paper currency only Silver and Gold coins. The US was on a Silver standard, and one ounce of Silver was worth $1.
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Sunday, April 02, 2017
Neocon Fury Over Trump’s Syria Policy / Politics / Syria
Neocon senators John McCain (R. AR) and Lindsey Graham (R. SC) likely believe war is peace. Freedom is slavery, and ignorance is strength - with attribution to George Orwell.
They’re furious about Secretary of State Tillerson, saying “the longer-term status of President Assad will be decided by the Syrian people.”
Separately, US UN envoy Nikki Haley said “(y)ou pick and choose your battles, and when we’re looking at this, it’s about changing up priorities and our priority is no longer to sit there and focus on getting Assad out.”
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Sunday, April 02, 2017
Maybe The US Economic Recovery Wasn’t Real After All / Economics / US Economy
For a while there it looked like the US and its main trading partners had finally achieved escape velocity. Growth was up, inflation was poking through the Fed’s 2% target, and most measures of consumer sentiment were bordering on euphoric.
Then it all started to evaporate. Lackluster manufacturing and consumer spending reports sent the Atlanta Fed’s reading of Q1 GDP off a cliff to less than 1%:
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Saturday, April 01, 2017
Irish Government To Issue FREE Gold Coin To Protect Citizens From Brexit’s Impact On Euro and EU / Commodities / Gold and Silver 2017
– Unprecedented move to see Irish government issue free gold coin to Irish citizens
– Controversy as Irish government plans for Irish people to own 1 ounce of gold
– Irish Finance Minister said the “little people” were exposed due to risks from Brexit and the end of the euro
– “Gold can be stored for a long time … doesn’t lose its value for the population as a means of savings”
– Politicians in Ireland criticise move as “too generous” to Irish Americans given Ireland still close to bankruptcy
Saturday, April 01, 2017
SPX at Important Short /Medium Term Juncture / Stock-Markets / Stock Market 2017
The market started the week at SPX 2344. After a gap down opening on Monday to SPX 2322 the market moved higher for the rest of the week. On Tuesday the SPX hit 2364, pulled back to 2353 on Wednesday, then hit 2370 on Thursday. On Friday it ended the week at SPX 2363. For the week the SPX/DOW gained 0.55%, and the NDX/NAZ gained 1.40%. Economic reports were mostly positive. On the downtick: consumer sentiment, the WLEI and the Q1 GDP estimate. On the uptick: Case-Shiller, consumer confidence, pending home sales, Q4 GDP, personal income/spending, the PCE and the Chicago PMI. Nest week’s reports will be highlighted by the monthly payrolls report and the ISMs.
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Saturday, April 01, 2017
The EU Is One Big Fatal Flaw / Politics / European Union
The true face of the EU is presently on display in Greece, not in Germany or Holland or France. Brussels must first fix what’s going wrong in Athens and the Aegean, and there’s a lot going wrong, before it can move on towards the future, indeed towards any future at all. It has a very tough job in Italy as well, which it’s trying hard to ignore.|
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Saturday, April 01, 2017
The BrExit War - Britain Intelligence Super Power Covert War With the EU / Politics / BrExit
Britain may have stopped being a military super power shortly after winning World War 2, a war that virtually bankrupted the British Empire leading to its dissolution. However the cold war, another war that Britain played a pivotal role in winning, where despite Britain having one of the world’s most effective intelligence apparatus that apart from the bond movies has done a good job of mostly remaining secret, instead letting the CIA and NSA take the public limelight, however did abysmally fail to avert BrExit from becoming manifest, that virtually all saw as an impossible outcome as the following video of Brexit night illustrates.
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Friday, March 31, 2017
Gold in Fed Interest Rate Hike Cycles / Commodities / Gold and Silver 2017
Gold suffered heavy selling in early March leading into the Fed’s latest rate hike. Speculators frantically dumped gold futures ahead of the Fed’s meeting as implied rate-hike odds soared. This is nothing new. This key group of traders has long feared Fed-rate-hike cycles, convinced they are the mortal nemesis of zero-yielding gold. But this view is highly irrational, as history proves gold actually thrives in rate-hike cycles!
The Federal Reserve’s primary and dominant tool for setting monetary policy is its target for the federal-funds rate. Commercial banks are required to maintain reserve balances at the Fed, with necessary levels fluctuating daily based on each bank’s underlying business activity. So banks with surplus reserves can lend them on an overnight basis to other banks running deficits through the federal-funds market.
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Friday, March 31, 2017
The Brexit Has Begun: Now What? / Politics / BrExit
Until now, the Brexit had mostly been a succession of public statements, declarations of intent, veiled threats and wishful thinking. But today, the British government made the United Kingdom's departure from the European Union manifest by officially invoking Article 50 of the EU treaty and delivering formal notification of its departure from the Continental bloc, the first member ever to do so. This started the clock on negotiations over the terms of the divorce and their future relationship, which will leave both the United Kingdom and the European Union considerably changed.
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Friday, March 31, 2017
3 Maps That Explain Why South America Is Politically Isolated / Politics / Emerging Markets
BY GEORGE FRIEDMAN : What makes South America stand out is that it looks like a large island. Oceans split it from others by great lengths.
Mexico, Central America, and the Caribbean make a divide between South America and the US. Plus, it is split by the Amazon rainforest and Andes Mountains to form two “islands.”
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Friday, March 31, 2017
3 Maps That Explain China’s Real Goal In The South China Sea / Politics / China US Conflict
There’s been a lot of media hype over China’s ongoing military buildup in the South China Sea. But as always, the truth lies beyond the headlines.
Chinese action has so far been largely contained to two island groups: the Spratly Islands and the Paracel Islands.
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Friday, March 31, 2017
SPX Futures are Weak but no Sell Signal, Yet / Stock-Markets / Stock Market 2017
Good Morning!
SPX futures challenged mid-Cycle support at 2362.84 in the overnight session, but have bounced back above it as I write. We await the breakdown beneath that level followed by the Lip of the Cup with Handle at 2356.00 and the Broadening Wedge trendline at 2350.00.
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Friday, March 31, 2017
‘Three Wise Men’ Warn Next Crash Coming, Own Gold / Commodities / Gold and Silver 2017
‘Three wise men’ are warning that the next financial crash is coming and that one of the ways to protect and grow wealth in the coming crash will be to own gold.
The men who have recently warned are Jim Rogers (video below), Martin Armstrong (blog below) and Tony Robbins (video below). Each come from somewhat different backgrounds and are respected experts in their respective fields.
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Friday, March 31, 2017
How will Brexit Affect UK Businesses? / Companies / SME
It’s fair to say that the EU referendum, and subsequently Brexit, is already having a major effect on UK businesses; and it will continue to do so throughout the whole process.Read full article... Read full article...
Friday, March 31, 2017
See the Top Forex Markets that are Poised to Move -- Right Now / Currencies / Forex Trading
Dear Trader,
You saw big moves in forex last year -- and 2017 should be no different.
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Friday, March 31, 2017
Precious Metals Are in Alignment for a Major Ascent / Commodities / Gold and Silver 2017
Precious metals expert Michael Ballanger discusses silver's recent price performance and why he believes precious metals are in alignment for a major ascent.
"Every stock market bull out there whether in New York or London or Mumbai or Beijing is in a drunken myopia of elevated expectations and deviated denial scrambling and scratching and pleading for assurances that 'it is truly different this time.'"
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