Wednesday, September 16, 2015
The Fallacy of "Buy Land — They’re Not Making Any More" / Housing-Market / Land
By: MISES
Peter St. Onge writes: “Buy land — they’re not making any more!” is an old investing chestnut, and a common sense one to boot. Economically, it’s also completely false.
As counterintuitive as it may seem, we make land all the time. It just doesn’t look like land.
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Wednesday, September 16, 2015
Lowdown on U.S. Rate Hikes / Interest-Rates / US Interest Rates
By: Axel_Merk
Will she raise or will she not? As financial markets focus on whether we will see a Fed rate hike this week, investors may be in for a rude awakening.
Wednesday, September 16, 2015
Petrobras - Bad News Continues For This State-Owned Giant / Companies / Oil Companies
By: DailyWealth
Today's chart shows that one of our most important warnings is ringing true again: Avoid long-term investments in government-owned companies.
Over the last few years, we've written several times about why investing with the government as your partner is a bad idea... especially in government-owned companies headquartered in foreign countries with traditions of fiscal mismanagement. Politicians are great at spending money and pandering to mobs... but they're terrible at running projects for profit.
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Wednesday, September 16, 2015
Investors Earn Big Yields in the "Sweet Spot" of the American Economy / Companies / Investing 2015
By: DailyWealth
Dr. David Eifrig writes:
Most investors have a major blind spot...
Wednesday, September 16, 2015
U.S. Interest Rate Hike - Will The Fed Pick A Winning Combination? / Interest-Rates / US Interest Rates
By: Raul_I_Meijer
It’s highly amusing to read all the ‘expert’ theories on a Federal Reserve hike or no hike tomorrow, but it’s also obvious that nobody really has a clue, and still feel they should be heard. Don’t know if that’s so smart, but I guess in that world being consistently wrong is not that big a deal.
Thing is, US economic numbers are so ‘massaged’ and unreliable, the Fed can pick whichever way the wind blows to argue whatever decision it makes. As long as jobs numbers get presented for instance without counting the 90-odd million Americans who are not in the labor force, and a majority of new jobs are waiters, just about anything goes in that area. Numbers on wages are just as silly.
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Wednesday, September 16, 2015
Economic Consequences of the Syrian Refugee Invasion / Politics / Immigration
By: BATR
The dual peril of unfettered migration into Europe and the United States has a different complexion of invaders, but both suffer an appalling economic aftermath. However, the flood gates from the Middle East and Africa “so called” refugees are destined to overcome and hasten the breakup of the European Union. Just note the impact from not defending the borders of Europe, both placing terminal pressure on the economies and finances of EU countries, but also from the social dissolution of Western societies.
Wednesday, September 16, 2015
Big Banks Cutting Tens Of Thousands Of Jobs; Huge Implications / Companies / Banking Stocks
By: John_Rubino
Money center banks — which over the past few decades have grown into the biggest financial entities the world has ever seen — appear to have hit a wall, and are now shedding tens of thousands of workers.
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Wednesday, September 16, 2015
Stock Market Trend Forecast Sept to Dec 2015 - Video / Stock-Markets / Stock Markets 2015
By: Nadeem_Walayat
The 15% drop in average stock prices during the past month has galvanised a growing number of bears to once more dig out ancient text book reasons for why this is the time for the stocks bear market to finally begin, and not only that but keep making definitive statements for the expectations for market crash's that always fail to materialise for the obvious reason that a crash is a panic event that can only at best be discerned no earlier than during the preceding day. Even then the probability would favour the market ending higher on the so called crash day because market crashes are NOT common events.
Tuesday, September 15, 2015
U.S. Stocks: End of the Complacent Era? / Stock-Markets / Stock Markets 2015
By: EWI
Stock market bears have been conspicuously absent
August 20 was the third consecutive down day for the Dow Industrials as the index tumbled 358 points.
The U.S. stock market had managed to hover near record highs, even as other markets (oil, precious metals, housing) had long since fallen from old highs. The 34-year bull market in 30-year U.S. government bonds ended months ago.
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Tuesday, September 15, 2015
Governments Give Migrants a Disastrous Mix of Social Welfare and Bureaucracy / Politics / Immigration
By: MISES
Justin Murray writes: On August 27, 2015, seventy-one refugees were discovered suffocated in an abandoned, locked transport truck in Austria just across the border with Hungary. These individuals, reported as refugees fleeing from the civil war in Syria, made a trek of over 1,000 miles. This is just a long string in the growing refugee and migration crisis hitting Europe over the past few years, with 2,500 estimated deaths from capsizing ships in the Mediterranean alone, of the nearly half million people crossing into Europe over the course of 2014–2015.
Tuesday, September 15, 2015
Empire Fed, Retail Sales, Industrial Production All Miss / Economics / US Economy
By: Ashraf_Laidi
A trifecta of misses in today's US economic releases may not be a game-changer in Thursday's Fed decision because the game is already "unchanged". The September Empire Fed survey posted another double digit decline to remain at 6-year lows, August retail sales rose 0.3% to miss expectations for the sixth consecutive month and industrial production fell 0.4% in August to post seven declines over the past eight months--the worst pattern since 2008-9.
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Tuesday, September 15, 2015
Stock Market Crashing: Is it Time to Panic? / Stock-Markets / Stock Markets 2015
By: Sol_Palha
''Come to the edge,'' He said. They said, ''We are afraid.'' ''Come to the edge,'' He said. They came. He pushed them... and they flew.
Guillaume ApollinaireThe answer to this plain question should always be a resounding no: it never pays to give into panic. The smartest option is to derail this emotion before it gains any traction. Once fear takes over, the end is nigh.
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Tuesday, September 15, 2015
The Coming Grand Canyon of Uranium Supply Deficit and Three Ways to Profit by It / Commodities / Uranium
By: The_Energy_Report
A Grand Canyon of supply deficit is opening up in the uranium markets, with 66 nuclear reactors under construction globally and more restarting in Japan. As Russia and China shore up their supply chains in Kazakhstan and elsewhere, the rest of the world could be scrambling for new sources to keep the lights on. In this interview with The Energy Report, Thomas Drolet, head of Drolet & Associates Energy Services, illuminates junior companies in the Athabasca Basin, southern Alberta and South America that could be strategic sources for countries shoring up domestic supply and for majors that need replacement resources.
Tuesday, September 15, 2015
Stock Market Triangle within a Triangle / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Keeping in mind that the Minor Waves of Intermediate Wave (1) are in an [a]-[b]-[c] form, I had wondered how the next Wave [b] would look. Here’s our answer. It appears to be yet another Triangle with a smaller degree throw-over Wave (e). There is no guarantee that it is finished yet. We may have confirmation when we see a five-wave [c] emerge out of the bottom of the triangle at 1954.00. Note the very light volume in this ramp. Volume should pick up substantially on the decline. This has a similar feel
Tuesday, September 15, 2015
How to Profit from Oil’s M&A Cycle / Commodities / Oil Companies
By: ...
MoneyMorning.com Dr. Kent Moors writes: The continuing swoon in crude oil prices combined with a rapidly advancing crunch in energy debt has once again ushered in expectations of a merger and acquisition (M&A) cycle among oil companies.
The first indication that such a cycle is underway came a week ago… in Australia.
One of that country’s leading oil producers proposed a merger with another in what would be one of the largest energy M&A deals ever seen “Down Under.” Woodside Petroleum Ltd. (OTC:WOPEY) announced an all-stock deal valued at more than US$8 billion (A$11.64 billion) for Oil Search Ltd. (OTC:OISHY). The merger would create one of the dominant players in the Australian market. Oil Search initially rebuffed Woodside’s offer but talks continue.
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Tuesday, September 15, 2015
Silver Price Route to $50 and Beyond / Commodities / Gold and Silver 2015
By: Hubert_Moolman
The Dow has been the biggest obstacle to a rise in precious metals, due to it sucking up a lot of the available value on global markets. There will be no significant silver and gold rally while we have a rallying or a "close to its high" Dow.
The Dow is up about 2.52 times from its low during the 2008/2009 crash. Based on the fact that silver has its great rallies when the Dow is weak (see here); it is no surprise that silver's performance during roughly the same time has not been what is expected during a bull market. Silver is only up about 1.7 times from its low in October 2008.
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Tuesday, September 15, 2015
China Stock Market on the Edge. TNX Rising / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Good Morning!
All eyes turn to china as the Shanghai Index sits on a ledge of support at 3000.00. As ZeroHedge comments, “What, however, is dawning right now on traders is that China has once again lost control of its market, and days after crushing index futures trading by hiking margins to unprecedented levels, the SHCOMP resumed its old acrobatics tumbling as much as 4.2% in final hour of trading, and dropping below 3,000 for the first time since Aug. 27, before closing 3.5% lower at 3,005.172.”
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Tuesday, September 15, 2015
The Rollercoaster Journey of the Global Stock Markets Today / Stock-Markets / Stock Markets 2015
By: Rodney_Johnson
As I walked through Lowe’s last weekend, I was struck by the presence of Halloween decorations. At the risk of sounding like a cranky old man, I couldn’t help but tell my wife: “It’s not even September yet!” And then I thought how 2015 seems to be flying by. Maybe I actually am a cranky, getting-old, man.I have the same take as I read through the financial papers. Things are moving at light speed. From crashing equity markets to falling commodity prices, there’s a lot to contemplate at one time.
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Tuesday, September 15, 2015
This Global Financial Crisis is Set To Continue…And Get Worse / Stock-Markets / Financial Crisis 2015
By: Harry_Dent
I just landed in Vancouver for our third annual Irrational Economic Summit. Besides losing some luggage on the flight over and a few other hiccups along the way, I’m here, my team’s here, and we’re ready to kick off the event tomorrow.In the past we had only offered small, live conferences to members of our Dent Network. Back in 2013, we opened the doors to a wider audience.
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Tuesday, September 15, 2015
One and Done Fed is a Wall Street Fantasy / Interest-Rates / US Interest Rates
By: Michael_Pento
One of the current myths promulgated by Wall Street is that the Federal Reserve will raise rates once this year, breathe a sigh of relief, and be done until the "12th of never". But those who are familiar with our central bank's history are aware that the Federal Open Market Committee (FOMC) has never tightened the Fed Funds Rate just once. A quarter point hiking cycle has no historical basis and is just wishful Wall Street thinking.