Monday, June 29, 2015
Grexit?, BIS Warning, Chinese Market Crash & Systemic Risk Shake the Global Economy / Stock-Markets / Eurozone Debt Crisis
By: GoldCore
- Persistent low rates leave central banks with no ammunition to fight next crisis
- BIS says short-sighted central banks and governments contributed to current weaknesses
- Lack of policy options have forced some central banks to stretch “boundaries of the unthinkable”
- Bust in developed economies the main risk facing global economy
- Greece prepares to default
- China markets routed overnight
- Gold will be last man standing when currencies collapse
Monday, June 29, 2015
The New "Sharing Economy" May Not Be the Profit Bonanza Everyone's Expecting / Companies / Internet
By: ...
MoneyMorning.com Shah Gilani writes: Plenty of analysts, market-watchers, and thought leaders are excited about Uber, Airbnb, and the advent of the so-called "sharing economy."
Here's the thing: The sharing economy isn't for everybody.
Why not? Because, as we learned in the sandbox, not everyone wants to share.
Read full article... Read full article...
Monday, June 29, 2015
Bubbles Never Pop Painlessly / Stock-Markets / Liquidity Bubble
By: Michael_Pento
Investors are obsessed over predicting the timing of the Fed's first interest rate hike. Will it raise the Fed Funds rate in September, or wait until next year? But it is far more important to get a grasp on the pace of rate hikes. Will it be a one and done move, or does this mark the beginning of an incremental tightening cycle? Those of us who are not in the inner circle are forced to only speculate.
But one thing is certain: If history is any guide, whatever they do the Fed will get it wrong. Most market commentators place unfounded belief in the Fed's acumen. But the truth is: I wouldn't trust the Fed to tell me what the weather is going to do in the next 30 seconds -- even if they were looking out the window.
Read full article... Read full article...
Monday, June 29, 2015
Quadruple Growth in Fee-free UK Mortgages / Housing-Market / Mortgages
By: MoneyFacts
Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments: “Research from Moneyfacts.co.uk reveals that the number of fee-free mortgages has quadrupled in the last five years, increasing from 220 deals in 2010 to a staggering 902 today.
“With a quarter of the market now offering fee-free deals, it’s clear that lenders are trying to compete in other ways besides the traditional headline rate. By offering multiple product combinations, providers are almost allowing their borrowers to customise their mortgage to suit them.
Read full article... Read full article...
Monday, June 29, 2015
Gold and Silver Greece and Short Positions / Commodities / Gold and Silver 2015
By: Alasdair_Macleod
Hedge funds and high-frequency traders have finally forced gold into a US dollar loss this year as shown in our introductory chart, but silver is still in positive territory. This week gold declined $29 with a break from the $1200 level to $1171, and silver fell 40 cents to $15.70 early this morning in European trade.
Monday, June 29, 2015
Volatility and Sleep-Walking Markets / Stock-Markets / Stock Markets 2015
By: Raul_I_Meijer
It is with immense pleasure that I can introduce the return to The Automatic Earth of my friend and co-founder Nicole Foss. If only because I myself can now retire to a beach chair…. (not).
With the violent swings that have started and been amplified in Asia overnight, as well as in European and US futures, Nicole’s piece on volatility is quite pertinent.
Read full article... Read full article...
Monday, June 29, 2015
China Resets The Currency Markets / Currencies / China Currency Yuan
By: Chris_Vermeulen
The Chinese central bank is backing its Yuan with GOLD. This may set the Yuan as a “New Reserve Currency.”
If this happens, a new order in global currencies will appear. This would attract new foreign capital. The rest of the world will view the Yuan as a real currency rather than a fiat currency. Creating the Yuan with a gold standard will surely make China more powerful and become a more influential world power.
Read full article... Read full article...
Monday, June 29, 2015
Greece BANKRUPT! Financial and Economic Collapse to Follow IMF Debt Default / Stock-Markets / Eurozone Debt Crisis
By: Nadeem_Walayat
Syriza government betrays Europe and the Greek people says angry EU President Juncker, by Syriza lying to its people on the truth of Greece's proposed bailout conditions and that he has no trust left in Tsipras. Juncker in blunt language made it clear that a NO vote on the 5th July referendum (that I don't think will actually be held) would mean that Greece will be kicked out of the euro-zone.
“’No’ would mean, regardless of the final question, that Greece is saying no to Europe,”
Read full article... Read full article...
Monday, June 29, 2015
Stock Market More Decline Ahead? / Stock-Markets / Stock Markets 2015
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - Waiting for confirmation that the ending diagonal is complete.
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trends.
Read full article... Read full article...
Monday, June 29, 2015
Obamacare's Best Allies: The Courts and the Republicans / Politics / US Politics
By: Dr_Ron_Paul
By ruling for the government in the case of King v. Burwell, the Supreme Court once again tied itself into rhetorical and logical knots to defend Obamacare. In King, the court disregarded Obamacare's clear language regarding eligibility for federal health care subsides, on the grounds that enforcing the statute as written would cause havoc in the marketplace. The court found that Congress could not have intended this result and that the court needed to uphold Congress's mythical intention and ignore Obamacare's actual language.
Read full article... Read full article...
Monday, June 29, 2015
China Stock Market Crackup - The Final Trap Looms... / Stock-Markets / Chinese Stock Market
By: Clive_Maund
What was predicted for China has started to happen with the dramatic failure of its parabolic uptrend just over a week ago leading to a plunge. The update China Crash was posted when all indicators were at "nosebleed" levels late in April, right after which the third steepest fanline shown on our 1-year chart for the Shanghai Composite Index below was breached. Somewhat amazingly, that overbought peak late in April was not the final top - it rose even higher into early-mid June, but after that, just over a week ago, it finally broke below the parabola and started to cave in.
Monday, June 29, 2015
Possible Stock Market Panic Coming! / Stock-Markets / Stock Markets 2015
By: Brad_Gudgeon
Last week, I warned of a possible Head and Shoulders Pattern Top looming. Back in the 1980’s, I learned how to do minimum down side measures by measuring the distance from the head to the neckline and then adding it to the neckline. The current minimum measure is for SPX 2003. I also noticed that quite frequently one could also figure the bottom day of the down side move by taking the first touch point of the neckline and counting the trading days to the head (this case it is 10 trading days from 5/6 to 5/20) and then adding that number (10) to the last touch point on the neckline (6/15) + one more trading, which would give us June 30 for the possible low.Read full article... Read full article...
Monday, June 29, 2015
What the Supreme Court Did for Healthcare Stocks / Companies / Healthcare Sector
By: ...
MoneyMorning.com Michael E. Lewitt writes: U.S. markets were relatively quiet last week with the Dow Jones Industrial Average (INDEXDJX:.DJI) dropping 0.4% to 17,946.68, the S&P 500 (INDEXSP:.INX) also slipping 0.4% to 2101.49 and the NASDAQ Composite (INDEXNASDAQ:.IXIC) shedding 0.7% to 5080.51.
The real action was in China, where the Shanghai Composite Index collapsed by 7.4% on Friday and neared a 20% drop which would constitute bear market territory. Chinese stocks saw their biggest two-week plunge since December 1996.
Read full article... Read full article...
Sunday, June 28, 2015
Greece Banking System Collapse Monday as ECB Pulls the Plug, Capital Controls Ahead of GrExit / Stock-Markets / Eurozone Debt Crisis
By: Nadeem_Walayat
It looks like the 'game theory' playing Tsipras and Varoufakis are succeeding in having Greece thrown out of the Euro-zone as the ECB after financing every single euro withdrawn from the Greek banks for the past 5 years, Euro-zone tax payer funds amounting to E130billion, has finally today announced that it has effectively pulled the plug on the Greek banking system by stating that the ECB would not extend its emergency lending support programme for the Greek banking system that is haemorrhaging billions of euros on a daily basis.
Sunday, June 28, 2015
China the Wild Card On Gold, Greek Referendum Vote July 5 / Commodities / Gold and Silver 2015
By: Dr_Jeff_Lewis
The Bucket Shop on the Hudson was quiet in this day after precious metal options expiration.
There was intraday commentary here about China's desire to make the yuan a global reserve currency, and some possible implications for gold from the head of Bloomberg precious metals analysis. You may read about that here.
Read full article... Read full article...
Sunday, June 28, 2015
COMPQ Elliott Wave Analysis / Stock-Markets / Stock Markets 2015
By: WavePatternTraders
The spike to new highs could be counted as a small thrust from a triangle 4th wave, so we would need to see a large decline now back under 5000 to suggest the idea of a possible end to wave [5] of the larger wave 3, short term its yet to show a small 5 wave decline, but if it can remain below 5120 then I would favor more weakness now and target more downside. The NDX failed to make a new yearly high so we have a small divergence between the COMPQ and NDX.
Read full article... Read full article...
Sunday, June 28, 2015
Elliott Wave Analysis of AAPL Apple Stock / Companies / Apple
By: WavePatternTraders
Simply put time is running out for the bulls, the failure to move back above 130 is a problem, it supports an earlier idea I was working and that a peak could well be in place for AAPL at 134.55. The bulls need to see some buyers and push it back above 130 very quickly or I think with the way the rest of the markets are looking we could see much more downside from current levels especially, if we see a sustained break of support on the other tech indexes such as the NDX, COMPQ and AAPL.
Read full article... Read full article...
Sunday, June 28, 2015
I Fear The Greeks, Even When They Bring Gifts / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
Just another normal morning at the Automatic Earth. Shaking off the local drink – when in Rome.. – and perusing a thousand views and pieces, many on the inevitable topic of ‘Da Referendum’. And I got to say, I can’t even tell whether it’s just me, but there is this huge divide between what a simple vote can and should be, and how it is perceived and presented.
Sunday, June 28, 2015
On Monday, It’s China Versus Greece / Stock-Markets / Financial Markets 2015
By: John_Rubino
Fear and greed are both getting a serious workout lately, but Monday will be even more fun than usual because of two big stories that hit over the weekend. First, Greece decided to put the draconian demands of its European creditors to a popular vote, to which the creditors responded by cutting Greece off from new bailout money. Greek citizens, now staring down the barrel of capital controls and/or bank failures, are busily emptying their bank accounts:
Sunday, June 28, 2015
FTSE 100 Could Rise on Rates / Stock-Markets / UK Stock Market
By: Richard_Cox
Stock markets in the UK have been attempting to recover from recent declines and regain the foothold that was established earlier this year in the 7140 region. Most global stock benchmarks have had a positive year in 2015 but the story has been somewhat different in the UK where there is still the peripheral impact of sovereign debt in the Eurozone to complicate investment ideas.
Read full article... Read full article...