Tuesday, September 20, 2016
U.S. Economy - We Can’t Party Like it’s 1999 / Economics / US Economy
By: Rodney_Johnson
I came of age in the early ’80s, when Prince was king of the airwaves (pun intended). His smash hit “1999” had an end-of-days feel to it, asking everyone to “party like it’s 1999.”As time went on and the end of the century loomed, the world grew nervous about what would happen when we reached the year 2000, or Y2K. In the end, none of the doomsday predictions came true. The computers still worked, air traffic control still functioned, hospitals and banks carried on.
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Tuesday, September 20, 2016
Gold vs. Stocks and Commodities, Pre-FOMC / Commodities / Gold and Silver 2016
By: Gary_Tanashian
We are well along in the precious metals correction and have downside targets for gold, silver and the miners. In order for that to be a ‘buy’, the sector and macro fundamentals will need to be in order. Some of those are represented by the gold ratio charts vs. various assets and markets. Below are two important ones.
Gold vs. Stock Markets has been correcting the big macro change to the upside since leading the entire global market relief phase (potentially out of the grips of global deflation) earlier in the year. A hold of these moving averages, generally speaking, keeps a key gold sector fundamental in play as the implication is that conventional casino patrons are choosing gold over their traditional go-to assets, stocks. A breakdown from the moving averages and it’s back to Pallookaville for the gold “community”.
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Tuesday, September 20, 2016
BrExit UK Inflation CPI, RPI Forecast 2016, 2017 / Economics / Inflation
By: Nadeem_Walayat
Going into the EU referendum the vested interest academic economists from the Bank of England down were repeatedly issuing dire warnings of a plunge in sterling that would send inflation soaring that would trigger a series of interest rate hikes all whilst the economy collapsed. The prices in the shops as measured by official UK CPI Inflation was hugging near 0% at a rate of just 0.3% for May 2016 data, meanwhile RPI which is the closest official measure to real inflation was already above 1% at 1.4%, which are set against the demand adjusted Real UK inflation rate of 1.8%. So official UK price Inflation was already well above 1% and trending towards 2% before BrExit.
Tuesday, September 20, 2016
European banks may be more important than the Fed this week / Stock-Markets / Financial Markets 2016
By: Anthony_Cherniawski
It’s like déjà vu all over again. The SPX Premarket has tested the lower trendline of its Orthodox Broadening Top, but pulled back.
ZeroHedge observes, “If yesterday one could "explain" the overnight stock levitation due to the move higher in crude oil, today there is no such catalyst with WTI down modestly, and yet the broader push higher across European stocks and US equities has reappeared following yesterday's muted close on Wall Street ahead of key central bank data on deck. Some have attributed the 0.4% rise in futures to the latest dip in the dollar, while a modest bond rally as the countdown to crucial policy decisions by the Bank of Japan and the Federal Reserve entered its final stretch, put taper tantrum concerns on hold if only for the time being.”
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Tuesday, September 20, 2016
Gold, Silver, Stocks and Bonds Grand Ascension or Great Collapse? / Stock-Markets / Financial Markets 2016
By: DeviantInvestor
It depends upon your perspective and the markets you follow …
Perspective:
- The global economy is drowning in debt – $230 Trillion and counting – that will not be repaid at current value. Expect hyperinflation or outright default.
- Negative Interest Rates on $13 Trillion in sovereign debt are a sign of failure by central banks, governments, and Keynesian economists.
- Pension plans and savers are hurt by low and negative interest rates. They have been sacrificed for the continued levitation in the stock and bond markets.
- All of the above indicate a correction and possible collapse are coming. Perhaps it began this month, September 2016.
- The charts of six markets tell the story.
Tuesday, September 20, 2016
Mass Psychology in Action; Instead of Selling Gilead it is Time to Take a Closer Look / Stock-Markets / Financial Markets 2016
By: Sol_Palha
"A little and a little, collected together, becomes a great deal; the heap in the barn consists of single grains, and drop and drop make the inundation." ~ Saadi
One should be wary of listening to individuals that claim to be experts especially if they are associated with big investment firms or popular media. In most instances, the word expert is the code word for jackass, and the word sell is the secret code word for buy, especially if these jackasses are the ones telling you to do so. Before we continue, let's examine the story below, and it clearly illustrates how those with the mass mindset sell when it is time to buy and buy when its time to sell.
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Tuesday, September 20, 2016
Global Bond Bubble has Finally Reached its Apogee / Interest-Rates / International Bond Market
By: Michael_Pento
Boston Fed President Eric Rosengren recently rattled markets when he warned that low-interest rates were increasing the temperature of the U.S. economy, which now runs the risk of overheating. That sunny opinion was echoed by several other Federal Reserve officials who are trying to portray an economy that is on a solid footing. And thus, prepare investors and consumers for an imminent rise in rates. But perhaps someone should check the temperatures of those at the Federal Reserve, the idea that this tepid economy is starting to sizzle could not be further from the truth.
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Tuesday, September 20, 2016
Savers Could Earn Over 10% by Using a Current Account / Personal_Finance / Current Accounts
By: MoneyFacts
At a time when savings rates are reaching record lows, there are clearly far fewer ways of earning a decent return. Surprisingly, a current account could be a salvation for savers weathering the current climate, thanks to the rewards they offer.
By making use of the Current Account Switch Guarantee (which has been in force for three years this month), spenders and savers alike could earn up to £220 in the first year when moving their account.
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Tuesday, September 20, 2016
Hillary - Finally Well Deserved Recognition for Deplorables / ElectionOracle / US Presidential Election 2016
By: BATR
When the criminal Clinton cabal announces that their infamous foe and now world renowned 'basket of deplorables' are threats to their power establishment, you are really hearing an admission that they are losing the war of ideas. It has long been a well established fact that psychopaths on the loony left are existing in a parallel universe, but it is relatively new just how desperate they have become since the public is waking up to their century long scheme to destroy America. While more and more people are joining the cause of rational national self preservation, the task of mobilizing the ranks of long oppressed productive citizens is still in its infancy stage.
Tuesday, September 20, 2016
Stock Market Waiting On Wednesday..... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
Boring. Simple as that. The market is boring. It whips about, but goes nowhere in the end. That's because the market wants to always go higher in the new fed environment, but because the economy is worsening it's having more resistance from the bears. In the end, we go nowhere. It is what it is. The global economy is mirroring our economy here at home. Both are on steep declines based on the key reports we've received over the past couple of weeks.
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Tuesday, September 20, 2016
UK Petrol and Diesel Pump Prices Rip off Investigation Call / Personal_Finance / Gas - Petrol
By: Submissions
FairFuelUK Campaign: In the last month as the Brent oil price in Sterling has fallen 9.5% or £3.67 per barrel, wholesale diesel fell only 1.8% with petrol, in complete contrast, rising bewilderingly by 1.6%. We are reliably told that the average independent garage should reflect oil and wholesale price changes in just 7 days. True to type, in reality this continues not to be the case. With such significant falls in oil seen since 18th August, pump prices for diesel have instead been hiked by 1.89p and petrol by 1.71p per litre.
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Monday, September 19, 2016
War on Cash Turns to $20, $50, and $100 Bills / Currencies / War on Cash
By: MoneyMetals
Harvard professor and economist Ken Rogoff is once again leading the chorus of high-level academics and officials who declare cash is only for criminals. He made his case in a recent Wall Street Journal editorial called the “Sinister Side of Cash.” The solution, he declares, is to simply get rid of anything but the smallest bank notes.
In his vision, drug dealers, human traffickers, and tax cheats are everywhere, but they are reliant on cash. Our benevolent central planners can largely incapacitate them by ridding society of anything larger than a $10 bill.
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Monday, September 19, 2016
SPX is still on a sell signal / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
At the hourly level, the SPX has a few anomalies in its Wave structure. However, this appears to be the “best fit.”
In this case Wave [v] is roughly equal to Wave [i] of C. I had expected to see Waves C and A attaining equality where Wave C would approach the 50-day Moving Average, instead. As a result, this correction is called an “irregular.”
But that also verifies a Wave (B).
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Monday, September 19, 2016
Is the Precious Metals Sector Correction Completing Now? / Commodities / Gold and Silver 2016
By: The_Gold_Report
Technical analyst Clive Maund discusses how precious metals prices would be impacted by the Fed's interest rate decision this week.
The Precious Metals (PM) sector correction may be completing RIGHT NOW, with sector indices at the 2nd low of a potential Double Bottom. Whether it is or not depends on the outcome of the Federal Reserve meeting—if it announces a rate hike, then both the broad market and the PM sector can be expected to break sharply lower. If it doesn't—if it puts it off again till later, or never, then the PM sector should take off higher again. We cannot know in advance whether the Fed will hike or not, but we can be sure that its intentions have already been telegraphed to the 1%, so that they can position themselves to profit in advance.
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Monday, September 19, 2016
Fascist Business Model: Reich Economics / Economics / Economic Theory
By: Jim_Willie_CB
The Fascist Business Model incorporates all the worse elements of Keynesian economics, a broken fallacious school of thought. The model also integrates a vast system of economic heresy, put forth as public address dogma. All their messages are wrong. They are instead aligned with support of the power structure where big banks conduct self-dealing and print money for themselves.
Monday, September 19, 2016
Multiweek Correction in Gold and Silver Markets Continues / Commodities / Gold and Silver 2016
By: The_Gold_Report
Technical analyst Jack Chan charts gold and silver as the multiweek correction continues.
Monday, September 19, 2016
Stock Market May Turn Ugly This Week / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
The SPX Premarket is higher this morning, but short of Thursday’s high or the trendline.
ZeroHedge reports, “Stocks across the board, and US equity futures are broadly in the green this morning as markets shrug off the terror-related events in the NYC area over the weekend. There wasn’t a single positive “reason” for the green price action but the bond “tantrum” that caught the attention of stocks beginning back on 9/8 is increasingly fading and investors are hopeful this week’s central bank decisions (BOJ and FOMC both on Wed 9/21) will further ease yield anxieties.”
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Monday, September 19, 2016
China Is Digging Itself into a Deeper Hole / Economics / China Economy
By: John_Mauldin
Chinese “depreciation” and all its ensuing hysteria occurred just about a year ago. It has also been a about a year since I co-wrote a book on China with Worth Wray titled A Great Leap Forward?
The title was meant to be ironic. The original Great Leap Forward was imposed by Mao in the 1960s. It was one of the most economically disastrous times in Chinese history. Food production increased, yet 30 million people starved. China underwent a true financial and economic crisis due to the insanity of central control of markets.
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Monday, September 19, 2016
Central Bank Digital Currencies: A Revolution in Banking? / Stock-Markets / Bitcoin
By: Ellen_Brown
Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse).
Monday, September 19, 2016
Donald Trump and the “Maestro” (Greenspan) / ElectionOracle / US Presidential Election 2016
By: Antonius_Aquinas
Former Federal Reserve Chairman Alan Greenspan, who was once laudably referred to as “Maestro” for his supposed astute stewardship of U.S. monetary policy, commented last week on the nation’s current political and economic climate:
Read full article... Read full article...We’re not in a stable equilibrium. I hope
we can all find a way out because this too
great a country to be undermined, by how should
I say it, crazies.*