Friday, September 25, 2015
U.S. Housing Market Two Outs in The Bottom of The Ninth / Housing-Market / US Housing
The housing market peaked in 2005 and proceeded to crash over the next five years, with existing home sales falling 50%, new home sales falling 75%, and national home prices falling 30%. A funny thing happened after the peak. Wall Street banks accelerated the issuance of subprime mortgages to hyper-speed. The executives of these banks knew housing had peaked, but insatiable greed consumed them as they purposely doled out billions in no-doc liar loans as a necessary ingredient in their CDOs of mass destruction.
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Friday, September 25, 2015
Negative Interest Rates and Gold / Commodities / Gold and Silver 2015
I shall briefly address the impact of negative interest rates, should they occur, at the end of this report, after looking at this week's trading.
The week started with a slow downwards drift for precious metals on Monday and Tuesday before a sharp two-day rally, taking the gold price up $33 (nearly 3%) by yesterday afternoon. There was very little gold-related news to trigger this rally, only the deterioration of other markets. For bulls of precious metals it really has been a case of patience being rewarded.
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Friday, September 25, 2015
Elliot Wave Analysis of Long Term SPX Stock Market Chart / Stock-Markets / Elliott Wave Theory
Imad Ahmed writes: An Elliot Wave analysis of the long term SPX chart provides some guidance on where the markets may be heading over the next few months.
If this multiyear rally has finally topped, what we should be seeing next is a confirmation of the location of the blue X below.
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Friday, September 25, 2015
From ZIRP to NIRP Sudden End of Fed's Ambition to Raise Interest Rates / Interest-Rates / US Interest Rates
The sudden end of the Fed's ambition to raise interest rates above the zero bound, coupled with the FOMC's[1] minutes, which expressed concerns about emerging market economies, has got financial scribblers writing about negative interest rate policies (NIRP). Coincidentally, Andrew Haldane, the chief economist at the Bank of England, published a much commented-on speech giving us a window into the minds of central bankers, with zero interest rate policies (ZIRP) having failed in their objectives.[2]
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Friday, September 25, 2015
Mistakes to Avoid When Selling your Business / Companies / SME
Once you have made the decision to sell your business you will probably be eager to get on with it and complete the process as soon as possible. But what you have to remember is that if you rush things you are bound to make mistakes. Whether you have decided to handle the sale yourself or use the services of a business broker, you can help yourself by following these suggestions to avoid the pitfalls.Read full article... Read full article...
Friday, September 25, 2015
Gold / Stocks Ratios are Starting to Breakout / Commodities / Gold and Silver Stocks 2015
The vicious and ever enduring bear market in precious metals has coincided, amid a strong negative correlation, with a bull market in equities. The negative correlation is nothing new as it occurred and persisted from 1973 through 1978 and also from 1996 through 2002. We've said Gold could not begin a new bull market until the correlation flips in favor of Gold. For the first time in three years various Gold/equities ratios are trading above the 80-week moving averages. This is an important development as it indicates the bear market in precious metals is very close its end.
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Thursday, September 24, 2015
Coffee Prices Are on the Verge of Soaring... / Commodities / Coffee
Brett Eversole writes: Today, investors hate commodities... and coffee is no exception.
The last time we saw a setup like this, coffee prices rocketed nearly 72% higher in just four months. And over the past decade, these opportunities would have led to 25% average gains in just more than four months.
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Thursday, September 24, 2015
Why I'm Never Going to 'Two-Bit' China / Politics / China
I would never go to China, even if someone paid for the trip and all expenses.
My reason can be explained in one headline: China Arrests US Citizen for 'Endangering National Security'
Read full article... Read full article...An American businesswoman has been formally arrested in China on suspicion of "endangering national security" just days before Chinese President Xi Jinping arrives in the US for his first official state visit.
Thursday, September 24, 2015
Germany’s Immigration Challenge / Politics / Refugee Crisis
This immigration crisis in Europe is a big deal, and it’s a bigger deal for Germany than for any other European country. Germany is directly in the firing line, both geographically and in terms of how many of the migrants want to settle there. Nearly 40% of migrants choose Germany as their preferred final destination, while the only other nation that is chosen by more than 10% of migrants is Hungary, at 18%.
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Thursday, September 24, 2015
The Stocks Bull Market is Over / Stock-Markets / Stocks Bear Market
By Justin Spittler
Stocks had a horrible day Tuesday…
The S&P 500 lost 1.23%. The Dow Jones Industrial Average lost 1.09%.
Indices around the world also fell…
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Thursday, September 24, 2015
Stock Market Negative Expectations As Global Markets Extend Declines / Stock-Markets / Stock Markets 2015
Peter Krauth writes: Briefly: In our opinion, no speculative positions are justified
Our intraday outlook is neutral, and our short-term outlook is neutral:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): bullish
Thursday, September 24, 2015
The Asian Megaproject Could Make You (and Your Grandchildren) Rich / Companies / Infrastructure
It will be on the "New Silk Road," spanning the entire Eurasian landmass – with links to Africa and Oceania, too.
Such a transport corridor is an ancient concept, but what's being built now will be far bigger and more lucrative than anything the old Han emperors could have ever imagined.
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Thursday, September 24, 2015
Deflation Signals Abound for U.S. Dollar, Forex Markets and Commodities / Currencies / Forex Trading
It appears we maybe entering into another bout of deflation by the looks of some of the charts I’ve been looking at. The US dollar will be the key driver if this second leg down is going to take hold. Many of the commodities charts are looking pretty heavy right now along with some of the commodities based currencies.
Lets start by looking at the most important currency in the world the US dollar. We’ll start with a two year daily chart for the US dollar that shows the big impulse move up that began last year in July and ended in March of this year. That big impulse move up was made up of four small red consolidation patterns two of which were bullish rising wedges which tells us the move is strong. Note how much bigger our blue bullish falling wedge consolidation pattern is vs the smaller red consolidation patterns that made up the impulse move. This is a perfect place for the US dollar to consolidate those big gains made last year. From a Chartology perspective this is exactly what you would like to see. The US dollar is working on its fourth reversal point that won’t be complete until it touches the top rail. At that point the pattern will be complete but we’ll still have to wait for the breakout to occur.
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Thursday, September 24, 2015
Stock Market Sentiment Plunges Further Still.....Price Action Weak.... / Stock-Markets / Stock Markets 2015
It's really amazing how fear ramps so much faster than froth ever could. Put a good scare into folks and they run for the hills faster than you can blink your eyes, or, for that matter, hit the sell button. Trust won't ever come back the way it had before either. It's been too long with the market going nowhere to down. Very few, if any, strong, sustained rallies, and after a while it becomes a belief that they'll never come any more, thus, of course, they will, but it won't be easy to turn people bullish any longer. They're scared to take any real chances, since they've been burned repeatedly over the past many, many months. So naturally fear took a turn down further after the rough action from last week. Two weeks back we were at minus 2.2%. Last week it went flat at 0%, but now we're back down, and this time it's minus 4.2%. The lowest reading in quite a long time, and the third week at, or below, zero.
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Thursday, September 24, 2015
How to Trade Volkswagen Stock Now / Companies / US Auto's
MoneyMorning.com Keith Fitz-Gerald writes: When I started Total Wealth I promised that I would give you a blend of tips, tactics, and specific trading ideas to help you maximize your wealth based on the events of the day.
Today I’m going to keep that promise with a look at how to trade beleaguered VW right now, using a brand new Total Wealth Tactic I think you’re going to love.
What I like about this trade is that it’s easy to understand and even easier to implement.
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Thursday, September 24, 2015
City Governments Blowing Billions - How to Stop a Pickpocket / Politics / Government Spending
By Justin Spittler
Los Angeles wants to blow billions of tax dollars…
The Olympics are a spectacle. The athletes are incredible to watch. But hosting the games is a usually a big money-loser for the venue city.
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Thursday, September 24, 2015
US Stock Bubble Bursts As The US Fed Begins To Shrink Its Balance Sheet / Stock-Markets / Stocks Bear Market
All serious students of economics well know there are several factors that can inflate stock values…and even cause them to soar beyond common sense and corresponding fundamentals. However, there is one factor that dwarfs all others in its disproportionate material effect on pumping up stock prices beyond all historical and reasonable metrics: AND THAT IS EXCESSIVE GROWTH IN THE FED’S BALANCE SHEET.
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Thursday, September 24, 2015
Europe’s Refugees Are A Global Crisis / Politics / Refugee Crisis
At the moment I start writing this, leaders of European nations are in a meeting in which they talk about refugees that, though it was announced over a week ago, was nevertheless labeled an ’emergency’ meeting. The only thing that truly tells you is that Europe still refuses to see the refugee situation as an emergency. And that’s not just semantics.
Of course there’ll be all sorts of bickering about the difference between migrants and refugees, and tons of words about how “we” should separate the two, and send people back, and strengthen European borders, and fight the human smugglers. None of which addresses reality, or at least at best a tiny sliver of it.
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Thursday, September 24, 2015
The Big Nasty Deflation Word Is Here / Stock-Markets / Financial Markets 2015
Nomi Prins latest book, All the Presidents Bankers, allows the reader a glimpse into the comments and actions of those sitting at the highest levels of finance on Wall Street since the open of the 20th century. As I look at where America and the world markets stand today, coming off the top of the 29th financial bubble in history, I believe that a quick examination of two Wall Street bankers from two past market tops is a worthy place to start.
The first individual was Albert Wiggin, President of one of the Big Six Banks in America at the time, Chase National Bank. Wiggins’ start in banking was most certainly a rise to the top at an early age. In 1892, at age 24 he was married; became the assistant cashier to the Third National Bank of Boston at age 26; at age 31 became the vice president of the New York National Park Bank, and by age 36, was the youngest vice president ever of the powerful Chase National Bank.
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Wednesday, September 23, 2015
Poland, Czech, Slovakia and Hungary Refugee Hypocrisy After Flooding UK with 4 Million Economic Migrants / Politics / Refugee Crisis
The euro-crats obsession with the eastwood expansion of the European Union, one of incorporating former dictatorships stuck in centuries old mind sets is once more being revealed to have been another catastrophic error, one that potentially sows the seeds for the destruction of the European Union. Today, in an attempt at dealing with the refugee crisis facing Europe by means of a drop in the ocean quota of 120,000 refugees to be distributed among EU member states, a quota that is barely 10% of the 1.1 million migrants expected to enter the EU this year. However once more the hypocrisy of the Eastern European states has been exposed as they virulently rebel against any attempts to settle any refugees in their lands, despite the fact that these very same nations have sent several millions of refugees westwards ever since the cold war began and more recently over the past decade flooded western europe with well over 10 million economic migrants, 4 million of whom have settled into the embrace of Britain's welfare state, resulting a huge crisis in social services, schooling and not least Britain's housing catastrophe.
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