Sunday, July 12, 2015

Greece’s Biggest Problem Is Its Anti-Capitalist Culture / Politics / Euro-Zone

By: MISES

Russell Lamberti writes: It’s considered politically incorrect to criticize culture these days, but whether using euros or drachmas, in or out of the European Union, Greece really has to, somehow, sort out its cultural dysfunction. I’m not talking about its customs, traditions, architecture or music, and I’m definitely not talking about its food. I’m talking about its cultural anti-capitalism. The negotiations, deals, counter-deals, referenda, protests and everything in between all mean very little if Greeks, by and large, don’t ditch their statist zeitgeist and rediscover Greek capitalistic exceptionalism.

Sunday, July 12, 2015

One of the Most Important Lessons When Buying Stocks / InvestorEducation / Learning to Invest

By: DailyWealth

You're not going to succeed in the stock market by just buying the world's best businesses...

For the past several years, my colleague Dan Ferris and I have urged Extreme Value readers to buy great businesses... Businesses that gush free cash flow, reward shareholders, have great balance sheets, earn consistent profit margins, and have high returns on equity.

Sunday, July 12, 2015

Greece, EU and the Tower of Babel / Politics / Eurozone Debt Crisis

By: Submissions

Athanasios Laspopoulos writes: I remember when I was at school, many years ago, that a course was developed
for the Tower of Babel and a sketch showing a huge Tower building from thousands
of people. As I remember the Tower was building by many countries and different
peoples in order to reach heaven and God. This project because of the
multilingualism and misunderstanding was abandoned. This was the model on
which the EU was based on??  Because as I can see in pictures and the model
the EU is made of, are almost the same. And the funny thing is that in EU
there are multiple states, multiple languages and a relative disconnection
between the members just as it was happening at the Tower of Babel.

Sunday, July 12, 2015

Tsipras Invites Schäuble To Fall Into His Own Sword / Politics / Eurozone Debt Crisis

By: Raul_I_Meijer

Too many voices the past few days are all pointing the same way, and I’ve always thought that is never good. A guessing-based consensus, jumping to conclusions and all that. Look, it’s fine if you don’t have all the answers, no matter how nervous it makes you.

What I’m referring to in this instance is the overwhelming conviction that Greece and Tsipras have conceded, given in to the Troika, flown a white flag, you get the drift. But guys, the battle ain’t over yet.

Sunday, July 12, 2015

Grexit: Montenegro, Ecuador or Bulgaria? / Politics / Eurozone Debt Crisis

By: Steve_H_Hanke

Could Greece adopt the dollar?

In truth, Bulgaria, not the greenback, is the better currency model after Grexit.

What if the eurozone shows Greece the door? There are claims that the creation of a new currency regime in Greece would be fraught with problems. While the practical, technical problems would be relatively small, the political problems could be daunting.

Sunday, July 12, 2015

Greece and China: Heralding a New Stocks Bear Market? / Stock-Markets / Stock Markets 2015

By: Clif_Droke

What started out as typically sluggish summer week quickly morphed into an extremely eventful one. In just the last five days we witnessed the intensification of the Greek debt roller coaster, the bursting of a mini-bubble in Chinese equities, a temporary shutdown of trading on the NYSE, and a brief but meaningful pullback in U.S. equities. And to think the summer is still young!

Investors are clearly disquieted over the impact the overseas crises might have on the U.S. stock market. But are they right to be concerned?

Sunday, July 12, 2015

Corn, Soybeans, Wheat Agricultural Commodities Price Forecasts / Commodities / Agricultural Commodities

By: Austin_Galt

The prices of agricultural commodities of corn, soybeans and wheat have all exploded higher recently. This has been expected and was laid out in analysis back in February 2015. Now that the rallies have kicked off let’s revise the technicals of all three soft commodities.

Sunday, July 12, 2015

"Guerrilla Warfare Against a Hegemonic Power": The Challenge and Promise of Greece / Politics / Eurozone Debt Crisis

By: Ellen_Brown

Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all.  

Sunday, July 12, 2015

Stock Market Roller Coaster to Continue This Week / Stock-Markets / Stock Markets 2015

By: Brad_Gudgeon

Last week, I warned of the wild swings coming in the financial markets based on astrology.  This indeed is what occurred! Our C 2 auto-trading account is now +52.3% from April 15, 2015 to July 10, 2015! We had a great week trading because we were forewarned due to astrology!

Saturday, July 11, 2015

Gold and Silver Calm Before the Storm / Commodities / Gold and Silver 2015

By: Jesse

Gold and silver were in the usual capping mode today, although silver managed to finish the week on a slight gain.

I am liking silver more and more here, and am not adverse to some small buys at regular intervals with a longer term time horizon. Nibbles, if you will.

Saturday, July 11, 2015

Stock Market New Uptrend Underway? / Stock-Markets / Stock Markets 2015

By: Tony_Caldaro

Volatile week. The market started the week at SPX 2077. On Monday it traded down to SPX 2057 before rallying to 2079, only to drop to 2044 on Tuesday before rallying to 2084. On Wednesday the market headed down to SPX 2045, before rallying to 2074 and then dropping to 2051 on Thursday. Friday the market rallied to SPX 2081, then closed the week unchanged at 2077. One to two percent swings nearly every day, after weeks and weeks of less than one half percent daily swings. For the week the SPX/DOW were mixed, the NDX/NAZ were -0.25%, and the DJ World was -0.8%. On the economic front negative reports outnumbered positive ones for the first time many weeks. On the uptick: ISM services and wholesale inventories. On the downtick: consumer credit, the WLEI, the MMIS, plus the trade deficit and weekly jobless claims both increased. Next week’s reports will be highlighted by Industrial production, the CPI/PPI, Retail sales and the Beige book.

Saturday, July 11, 2015

Gold And Silver – Greece Needs Money? Money DOES NOT EXIST! / Commodities / Gold and Silver 2015

By: Michael_Noonan

All the world is indeed a stage, and what is unfolding is a worsening tragicomedy, and it is under the direction of the elites through their debt enslavement [un]known by the world as fiat currency. The unelected “officials” in the EU are the equivalent of Keystone Kops. In fact, that is also true even of elected officials. They are all a bunch of clowns in charge of the circus called government.

There is a very high probability that what has been unfolding in Greece will eventually be in your own government, so pay close attention to the outcome of how the bankers are choking the economic life out of the Greek people, and as events have unfolded, it appears that Tsipras has caved into the moneychanger’s demands in exchange for a bailout. This is totally contrary to the outcome of the referendum wherein Greeks voted OXI for accepting the unacceptable financial impositions on Greek citizens.

Saturday, July 11, 2015

From Tsipras Proposal to Yellen's Speech / Interest-Rates / Eurozone Debt Crisis

By: Ashraf_Laidi

This afternoon's speech by Fed Chair Yellen at 12:30 Eastern (16:30 GMT/17:30 BST) is expected to reveal her reiteration the message that more will be needed from jobs and inflation before rates lift-off, especially 48 hours before another emergency EU/Greece summit. Yellen's take on the China and Greece issues will undoubtedly be highlighted as to be taken into consideration by the Federal Reserve. Yellen will be asked more on these global issues on Wednesday's semi-annual testimony to Congress (a crucial hour, coinciding with the Bank of Canada decision).

Saturday, July 11, 2015

Greece Saves The Stock Market Day....Weekly Bullish Candlestick Review.... / Stock-Markets / Stock Markets 2015

By: Jack_Steiman

It was a tough week for the bulls Monday through Thursday There were some really bearish candles printed, especially yesterday with a big reversal lower after a huge gap up. Today looked as if it would be the day the market finally gave up S&P 500 2040 with some force. Yesterday gave every indication the end of the bull-run was at hand. Not to be. Greece, last night, agreed to some key concessions on austerity that the Euro zone demanded on having if they were to give them any help. The markets abroad loved this news. The futures blasted up, and, of course, we followed along right behind. We gapped up but instead of collapsing like previous days, we held the move and worked our way mostly higher throughout the rest of the day. A close well above the open. Bullish action, and, thus, this never ending base between 2040 and 2134 continues.

Saturday, July 11, 2015

The Shanghai Stock Market Crash and China Gold Demand / Commodities / Gold and Silver 2015

By: Michael_J_Kosares

What it means for the future of the gold market

"At present, up to 12 trillion yuan stays in domestic residents' saving accounts. The launch of individual gold investment, therefore, will allow residents to change currency assets into gold assets. At the macro level, it will expand channels for changing savings into investment, thus adjusting the money supply; in the micro aspect, allowing citizens to trade and keep gold can improve social welfare, benefiting both the country and the population. Moreover, with the dual attributes of common commodity and currency commodity, gold is a desirable instrument for hedging. Therefore, developing gold trade for individuals is practical." – Zhou Xiaochuan, Governor, the People's Bank of China

Saturday, July 11, 2015

Bitcoin Price Up on Probable Greek Deal / Currencies / Bitcoin

By: Mike_McAra

In short: no speculative positions.

Greece seems to have given in to its creditors’ demands for more austerity as the Greek government sent out a revised reform proposal yesterday which included substantial concessions on its part. Is this the end of the Greek drama? Most likely not.

Saturday, July 11, 2015

Syriza Cruel Hoax on Greek People, Led Like Sheep to Economic Collapse Slaughter House / Politics / Eurozone Debt Crisis

By: Nadeem_Walayat

Syriza presents bailout proposals worse than Greece rejected at the 5th July referendum. The Syriza game theory players 6 month long intensifying black mail of the euro-zone that culminated in the NO referendum to the previous bailout package from the 'evil Troika', who according to Syriza were financial terrorists hell bent on the destruction of Greece, to which end only Syriza were the Greek people's saviors who would prevail with no austerity over the evil Troika.

Friday, July 10, 2015

China’s Stock Market Crash as Bubble Bursts / Stock-Markets / Chinese Stock Market

By: Zeal_LLC

China’s stock bubble has burst, with its stock markets utterly collapsing after rocketing parabolic.  The failure of this popular speculative mania has grave implications for the global stock markets.  It shatters the universally-believed myth that central banks can nullify normal market cycles.  No government has more power over its stock markets than China’s, yet not even it could magically eradicate greed and fear.

Even before their recent calamity, the Chinese stock markets had been the most-interesting financial story of 2015.  Having the world’s second-largest economy, China is immensely important in global markets.  And its stock markets were soaring, as evidenced by China’s flagship benchmark stock index.  It is the Shanghai Stock Exchange Composite Index (SSEC), the local equivalent of the US S&P 500.

Friday, July 10, 2015

Stock Market Sell Signal Still Intact / Stock-Markets / Stock Markets 2015

By: Anthony_Cherniawski

Let’s do a review of the market signals. There seems to be the question that, if we had a market bottom on Tuesday, won’t we see a larger rally? The answer is, not necessarily.

The current market conditions seem to have the SPX trapped beneath the Ending Diagonal trendline at 2085.00. That may imply we saw both a low (2044.02) and a high (2083.72), a double Pivot, on the same day, July 7. A higher high at or near 2085.00 could still develop, but a failure to rally above 2085.00 would be profound.

Friday, July 10, 2015

Where Is The Chinese Stocks Bear Market Likely To End? / Stock-Markets / Chinese Stock Market

By: Austin_Galt

With the Chinese stock market, known as the Shanghai Stock Exchange Composite (SSEC) plunging in recent weeks, I thought I would analyse the technicals to determine where the final low to this bear market is likely to be.
Let’s begin by reviewing the more immediate picture with the weekly chart before zooming out and looking at the bigger picture with the monthly and yearly charts.