Thursday, July 16, 2015
The UK’s Growing Economies / Economics / UK Economy
Since the Economic Downturn in 2008, economic adjectives have been ubiquitous and we hear and read daily of an ailing or buoyant; expansionary or inflationary; bullish or recessionary economy. Optimistic or pessimistic perspectives on economic matters are often a result of one’s portfolio or even their political leanings and, consequently, many people are influenced by Medias need to define an economy as ‘In or Out of Recession’. Often the accepted formula of two consecutive quarters of negative economic growth or contraction in a sector fuels their abysmal report. Others such as Chief Economic optimist Joe Grice of The Office of National Statistics (ONS) see no statistical basis to characterise the economy as recessionary. He states, “Overall, in recent years, the economy appears to have been on a bumpy plateau, with an upward trend but at well below historic growth rates.”
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Thursday, July 16, 2015
Stock Market Holding Ahead Of Parliament Vote In Greece... / Stock-Markets / Stock Markets 2015
The market started the day overbought on the short-term sixty-minute charts. It seemed likely we would sell early in order to unwind those overbought conditions, but that wasn't the case at all. The market didn't blast up as 70 RSI stopped things a bit, but it did move up some. As the day wore on we finally started to see the oscillators unwind some as the market fell a bit. Nothing dramatic, but it fell a little bit off the highs. The reason for the fall was really more than just being overbought. There was some anxiety ahead of the Parliament vote tonight out of Greece. The wrong vote would send Greece out of the Euro zone, out of the Euro, and send the global market reeling lower.
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Thursday, July 16, 2015
Bubble in Trouble: Record Debt. Unprecedented Optimism. You can be ready Before it bursts... / Stock-Markets / Liquidity Bubble
Exclusive invitation: Our friends at Elliott Wave International have just released a new subscriber report, A Bubble in Trouble. On an exclusive, limited-time basis, they've allowed us to share it with you, for FREE. Learn more and read their research-packed report now >>
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Thursday, July 16, 2015
How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It / Politics / Social Issues
While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, with the downward spiral of Puerto Rico. As in Greece, the Puerto Rican economy has been destroyed by its participation in an unrealistic monetary system that it does not control and the failure of domestic politicians to confront their own insolvency. But the damage done to the Puerto Rican economy by the United States has been far more debilitating than whatever damage the European Union has inflicted on Greece. In fact, the lessons we should be learning in Puerto Rico, most notably how socialistic labor and tax policies can devastate an economy, should serve as a wake up call to those advocating prescribing the same for the mainland.
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Thursday, July 16, 2015
The Multi-Trillion Dollar Oil Market Swindle / Commodities / Crude Oil
In the past, I documented the overstatements by both the IEA and EIA in 2014 & 2015 in terms of supply, inventory and understatements of demand. Others also noticed these distortions and, whether intentional or not, they exist and they are very large in dollar terms. These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history.Read full article... Read full article...
Wednesday, July 15, 2015
IRAN was the First Time the CIA Overthrew a Government… / Politics / Intelligence Agencies
By Nick Giambruno
62 years later, the aftermath is still troubling global politics.
Operation Ajax was a pivotal moment in US and world history. It was the first time the CIA overthrew a government.
Yet even today the US government would rather not talk about it. That’s why it remains an unknown story for many Americans.
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Wednesday, July 15, 2015
Stocks Bull Market Not Over Till the Fat Lady Goes on a P/E Diet / Stock-Markets / Stock Markets 2015
For the vast majority of investors, portfolio returns are generated by the equity markets or at a minimum heavily influenced by the equity markets. We have enjoyed an almost six-year bull market run in the stock market, which has helped heal portfolios after the devastating market crash of the Great Recession. So much so that many prominent market analysts have proclaimed the beginning of a new secular bull market. If we have indeed entered such a new phase, we need to recognize it for what it is, because – as I’ve written for 17 years – the style of investing that is appropriate for a secular bull market is almost the exact opposite of what is appropriate for a secular bear market. I think that most analysts would agree with that last statement. The disagreements would revolve around whether we are in a secular bull or a secular bear market.
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Wednesday, July 15, 2015
Is Voluntary Repossession A Good Option When Facing Mortgage Arrears? / Housing-Market / Mortgages
Victoria Adams writes: What Is Voluntary Repossession?
If you are unable to pay your monthly instalments on a secured home loan/mortgage, there are chances that your lender might want to evict you and repossess your home. In such conditions, the first thought that would strike you would be to hand over your house keys to the lender voluntarily without facing the embarrassment of someone throwing you out of your house. This is known as voluntary repossession.
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Wednesday, July 15, 2015
‘Black Swan’ Taleb Warns Financial Market Calm Before The Storm / Commodities / Gold and Silver 2015
- Is the apparent calm of the West a signal of latent instability?
- Increasing symptoms of instability in West as proposed by Nassim Taleb
- Wider public and mainstream press believe “experts” have everything under control
- Black Swan approaches and we may be experiencing “the calm before the storm”
Wednesday, July 15, 2015
China Stock Market Shanghai Composite Decline Kickoff to a Larger Move? Video / Stock-Markets / Chinese Stock Market
What if the 34% sell-off was just the beginning?
In this new interview, Elliott Wave International's Mark Galasiewski discusses the panic in China over the Shanghai Composite's recent decline.
Learn why, from the Elliott wave perspective, the Shanghai Composite's recent decline is a relatively normal occurrence -- and what it implies for the future of Chinese stocks. Watch.
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Wednesday, July 15, 2015
The U.S. Fiscal Grand Canyon and the Cycle of Hyperinflation / Interest-Rates / US Debt
The cycle of hyperinflation is already upon us. It was set in motion long ago.We are in the ultimate conundrum. Politically, the US Government, Treasury, and Central Banks must satisfy - pay for - unfunded liabilities and promises.
But the “money” is is simply a desperate conjuring meant to keep the doors of government open.
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Wednesday, July 15, 2015
Grexit or Jubilee? How Greek Debt Can Be Annulled / Politics / Eurozone Debt Crisis
The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.
Greece’s creditors have finally brought the country to its knees, forcing President Alexis Tsipras to agree to austerity and privatization measures more severe than those overwhelmingly rejected by popular vote a week earlier. No write-down of Greece’s debt was included in the deal, although the IMF has warned that the current debt is unsustainable.
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Wednesday, July 15, 2015
Why Historic Iran Nuclear Deal with Will be a Historic Failure / Politics / Nuclear Weapons
For years the United States has tried to reach a nuclear deal with Iran. Never before in the history of the US, has a Secretary of State been so involved in a task or invested so much time and energy on a single mission. John Kerry has spent so much time with the Iranian Foreign Minister Javad Zarif, that finishing the deal probably felt like signing a divorce from your closest partner.
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Wednesday, July 15, 2015
Here’s the Next Big Source of Energy Profits / Commodities / Energy Resources
MoneyMorning.com Dr. Kent Moors writes: Not long ago, the idea of disconnecting from the electrical grid and opting to live a “self-powered” life was limited to either “survivalists” or the realm of science fiction.
That’s beginning to change.
Back in 1973, the English economist E. F. Schumacher published Small Is Beautiful. The idea of the best-seller was to treat economics “as if people mattered.” The best way to do that, Schumacher posited, was by bringing the main elements of people’s lives closer to where they lived (remember, this was at the peak of the 1973 oil crisis). Basic human needs and well-being should be prized above materialism and the “bigger is better” mentality.
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Wednesday, July 15, 2015
The Humiliation and Subjugation of Greece... / Politics / Eurozone Debt Crisis
Europe is a fascinating place, but not as interesting as it was before the European Union came into existence. Older travellers may recall the fun of going from one European country to another, with each having its own currency and banknotes which you could scrutinize with interest as you relaxed at various cafes or restaurants. The national stereotypes could still easily be found - Frenchmen on bicycles dressed in blue and white striped shirts and black berets pedaling around selling strings of onions, and refusing to speak English on principle even when they understood it, or spending their time productively on four hour lunches or womanizing. Germans with their ruthless efficiency and organization, but who produced great sausages and beer, which they would routinely consume in vast quantities in gigantic steins. They were supposed to be humorless, and were wonderfully personified by Gert Frobe in the classic 60's film Those Magnificent Men in their Flying Machines, who let slip a chuckle when one of his officers crashed a flying machine into a tree, but you certainly can't call the Bavarians in southern Germany humorless, with their oompah bands and their vaguely silly lederhosen - these people are an inspiration to drinkers the world over.
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Wednesday, July 15, 2015
Five Ways to Profit From the Greek Debt Crisis / Companies / Investing 2015
MoneyMorning.com Greek Prime Minister Alexis Tsipras accepted his nation’s creditors’ austerity deal earlier this week – but this story is far from over.
In fact, just earlier today, a leaked International Money Fund (IMF) report shows that Europe’s basket case needs a whole lot more debt relief than previously understood.
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Wednesday, July 15, 2015
How to Obtain Silver Coins and Rounds in Short Supply / Commodities / Gold and Silver 2015
There are two kinds of constraints when it comes to supply in the physical markets, and anyone building a position in physical metal needs to know the difference.
The first type is temporary. The other signals a sea-change, the rush for physical metal going mainstream. When it happens, it’ll be “go time” in the physical markets. The time get your hands on products widely available at low premiums will be over.
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Wednesday, July 15, 2015
Stock Market Cycles - A Long Hot July / Stock-Markets / Stock Markets 2015
With the intra-day low on Tuesday and the closing low on Wednesday, the forecast for a low in the Dow early last week worked out well. Last week's commentary also laid out the case for that low to be followed by a very short rally into a high (approximately) this Wednesday.
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Wednesday, July 15, 2015
OPEC, Get Ready For The Second U.S. Oil Boom / Commodities / Crude Oil
What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized.A technological revolution spurred the U.S. oil boom that resulted in the greatest increase in domestic oil production in a century, and while that has stuttered in the face of a major oil price slump and an OPEC campaign to maintain a grip on market share, the American response could be another technological revolution that demonstrates that the first one was merely an impressive embryonic experiment.
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Tuesday, July 14, 2015
Silver Pretty, Silver Ugly / Commodities / Gold and Silver 2015
The big picture in simple terms:
- US national debt is huge, ugly, unpayable, and accelerating higher.
- Silver Eagles are pretty and are priced low.
- Silver prices will increase erratically, driven higher by a devalued dollar, along with increasing debt.
- Silver is currently at the low end of the silver to national debt ratio.
- Silver is currently at an 81 month cycle low.