Big, stable companies are paying more to borrow money…
Today’s chart shows the yield of the Bank of America Merrill Lynch U.S. Corporate BBB Index. This index tracks the yield of investment-grade corporate debt issued by large U.S companies.
As you can see, the average yield on corporate bonds has gone up from about 3.4% to about 4.1%.
This tells us that investors are demanding higher interest rates to loan money to stable companies. This is a huge red flag for the Wonderland economy. The economics of Wonderland only work when borrowing money is ridiculously cheap.
If rates continue to move up from zero, the Wonderland economy is in big trouble.
As you will note, each correction was contained within a Fibonacci correction band of either 38.2% or 61.8%. It was at these correction points that the Federal Reserve responded with some form of monetary intervention or support.
With the markets currently at an initial 38.2% correction from the low that marked the beginning of QE 3, the question is whether the Federal Reserve will once again intervene with another monetary liquidity program?
HY marknaden är nu vid känsliga motstånds områden och man bör beakta att stora kriser har en tendens och börja just på dessa marknader
Below you’ll see the price chart for the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), the junk bond ETF. HYG is down 6% in the past month.
Lätt att förstå att guld o silverpriset är under full kontroll när man ser denna utveckling. Notera att det är den sista i månaden och även i Q3. Dessa kurser behövs för att månads och kvartals cahrten skall fortsätta att på visa en nedåtgående trend
Guld priset brukar följa den monetära basen för dollar och just nu är vi mycket långt ifrån ett medel värde och extremt långt i från en topp.
There is considerable backwardation in the London market. This is something that should never happen under normal circumstances. It is just another indication of a very tight physical market.
Longer wait times for delivery are being experienced in certain markets for both metals. Premiums for physical silver are widening over the manipulated paper price, and demand in the very important Indian and Chinese markets remains robust. I strongly suspect that available supplies of physical gold and silver are rapidly evaporating in the West. And when one realizes how many paper claims are in existence for each physical ounce available, there is going to be mayhem when the balloon goes up on this Ponzi scheme.
The Midas Touch Gold Analysis & Strategy Newsletter
Gold & Silver Update 28th of September 2015
Overall the model is in Buy/Bull mode.
Slower economic growth in the US and China and a lower oil price than we previously assumed translate into a reduced profit forecast and a lower trajectory for US stocks. Our revised top-down 2015 S&P 500 EPS forecast of $109 (from $114) represents a 3% year/year decline. Our new 2016 EPS estimate of $120 (from $126) reflects annual growth of 10%. We expect S&P 500 will rise by 6% to our lowered year-end target of 2000. We expect S&P 500 will climb by 5% to 2100 in 2016. Focus on stocks with high US sales, firms returning cash to shareholders, and high quality stocks.
The German auto industry accounts for around 15% of its manufacturing activity, 3% of its GDP, and 2.5% of its employment. For an economy that grew by less than 1% last year, it's pretty easy to see that it won't take much disruption of the auto industry to throw Germany back into a technical recession.
And a government facing a domestic recession and falling tax revenue wouldn't be in the same position to help its neighbors as one enjoying growth and rising tax receipts.
Given Germany's financial muscle, the potential domino effect is obvious. In particular, already-poor countries like Spain and Italy will find it hard to finance deficits without the prospect of a German-led bailout or other agreement.
And with the prospect of Europe in recession and China slowing, the U.S. economy suddenly becomes vulnerable, too.
Sverige kan ha negativ ränta då man nästan lämnat kontanterna som betalningsmedel. Inom Euro området är det helt annorlunda.
Andy Haldane, a member of the Monetary Policy Committee (MPC), the UK’s equivalent of the FOMC suggested that to achieve properly negative rates, the abolition of cash itself might be necessary.
This is one reason why negative rates have been used in Nordic economies, where societies are already close to cashless. Even sellers of Sweden’s version of the Big Issue magazine - Situation Stockholm - are able to accept payment via debit or credit card.
Traditionally, it was thought that if you wanted to boost the economy, the central bank would reduce its interest rates. Normally, the rates offered on savings accounts would follow, and people would choose to spend more, and save less.
But there’s a limit, what economists called the “zero lower bound”. Cut rates too deeply, and savers would end up facing negative returns. In that case, this could encourage people to take their savings out of the bank and hoard them in cash. This could slow, rather than boost, the economy.
What is happening now should not – according to conventional thinking – be possible.
As central bank rates have turned negative, the rates offered on bank deposits have followed. Yet rather than stuffing cash under mattresses, people have left their money in the bank or spent it.
Nowhere is the experiment with negative rates more obvious than among Nordic central banks. Sweden – the first to dabble with negative rates – is perhaps the prime candidate for such experimentation.
Skulderna behöver öka i allt snabbare takt för att tillväxten skall ta fart. Då vi nu har noll ränta och ingen kan ta på sig mera skulder så återstår bara att trycka pengar och devalvera dess värde för att hålla systemet i gång. Guld och silver blir då den naturliga investeringen för att behålla sin köpkraft.
Silver lagren sjunker snabbt samtidigt som efterfrågan är rekord stor. Hur länge till kommer vi se silver runt $15.
What is interesting about the CNT Depository is that it seems to function more as a physical delivery depository compared to either JP Morgan, HSBC, Scotia Mocatta, Brinks or the Delaware Depository. Of the 25 Moz decline in Registered silver inventories since April, the CNT Depository accounted for 21.5 Moz, or 86% of the total.
CNT stands for Coins ‘N Things. Coins ‘N Things first started out as a small retail coin shop in Bridgewater, Massachusetts and later moved into the wholesale market. CNT Inc. continued to grow and According to Wikipedia:
In fiscal year 2011, the company became the U.S. federal government’s largest supplier of precious metals, with government gold sales that accounted for about half of the $3.8 billion in contracts to supply silver and gold to the United States Mint during the year.
Om det är någon som undrar hur det ser ut när köparna tappar förtroendet för en marknad. En marknad i fritt fall kommer snart till en marknad nära dig.
Listen to Eric Sprott share his thoughts on the economy, Janet Yellen's recent speech, currency devaluation in emerging markets, and movement in physical metal markets. Tune-in to the Wrap Up!
Market Report: Negative interest rates and gold
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.
Those who have followed the advice of the major investment houses must be badly bruised. For them, equities should be wending their bullish way and gold challenging the $1,000 level. The evidence is mounting that to continue with this investment philosophy will likely be increasingly costly.
On the futures markets, Open Interest in precious metals shows little sign of turning up, so on this basis we cannot claim there is much evidence of buying yet. The gold price and Comex OI are shown in the chart below.
The disparity between OI and the gold price has been evident since the low in early-August, so in that context this week's rally is nothing new. Silver's open interest continues to drift lower, while the price is trending higher, telling a similar story.
We may see some confirmation of this in the Commitment of Traders Report due out tonight UK time. It is a few weeks since the Managed Money category (hedge funds) was net short, with a record level of shorts outweighing their longs.
There are good fundamental reasons for the bears to close, even though the dollar itself has strengthened. The Fed's about-face on raising interest rates has alerted markets to the danger for the US economy of an emerging markets slump. Furthermore, the collapse in Glencore's shares suggests there are substantial commodity-related bad debts around the world within an estimated $6 trillion debt total. Suddenly, you can forget rising interest rates and it is now "risk on".
There is also growing chatter about the possibility that negative interest rates may be imposed by major central banks, if the slump in emerging markets threatens to lead to price deflation in the west and Japan. Negative interbank rates would obviously be good for precious metal prices, because the bullion houses will find it more costly to hold dollars than gold and silver, reversing the standard position in paper markets.
Unfortunately for them, physical liquidity of all precious metals is probably too low for such a switch to take place with major market disruption.
Inte mycket guld kvar i Londons bankvalv och vem skall då fylla i överskottet i efterfrågan för att hålla priset nere
A case study of physical gold stored in London Vaults in LBMA 400 troy ounce gold bars has been undertaken by Ronan Manly, Koos Jansen, Bron Suchecki and Nick Laird.
Japan är nu åter igen i deflation trots massiva QE program. När skall CB runt om i världen inse att dom är på fel väg.
Yellen sätter på samma skiva om kommande räntehöjning och mår sedan dåligt. Möjligen för att hon inte själv tror på vad hon framför. Ekonomin i USA och resten av världen är på väg ned i rask takt och QE står för dörren.
from Future Money Trends:
Euro Jumps After ECB Members, Leaks Confirm No QE Boost In Near Term
Join Greg Hunter as he goes One-on-One with Wall Street and financial expert Warren Pollock.
The Massive Debt Bubble Will Push Silver Prices Much Higher
Silver had a spectacular rise in price from about August 2010 to April 2011. In fact, it was so impressive that some thought the peak was the end of the bull market for silver. After all, silver had risen about 12.33 times from its bottom in 2001.
However, from the fact that the April 2011 did not surpass the all-time high of 1980, it should have been evident that this was no end of a bull market. Real bull markets form peaks much higher than any previous highs.
Take the Dow’s bull markets as an example. It went from 41.22 in July 1932 to 1067 at the beginning of 1973. That is a 40-year bull market where the Dow increased 25.89 times in value. The peak of that bull market (1067) was multiples higher than the previous all-time high (381.17 in 1929).
Again, the current Dow bull market peak (18 312 – current peak) came 40 years after the Dec 1974 bottom (570). This is a 32.13 times increase in the value of the Dow, and again; the peak is multiples higher than the previous all-time high (1067 in 1973).
Below is a comparison of silver’s current bull market and the previous one:
Är Deutsche Bank nästa Lehman Brothers med sina derivat exponeringar och nu Tyska börsen i bear market
Here’s a re-cap of what’s happened at Deutsche Bank over the past 15 months:
- In April of 2014, Deutsche Bank was forced to raise an additional 1.5 Billion of Tier 1 capital to support its capital structure. Why?
- 1 month later in May of 2014, the scramble for liquidity continued as DB announced the selling of 8 billion euros worth of stock – at up to a 30% discount. Why again? It was a move which raised eyebrows across the financial media. The calm outward image of Deutsche Bank did not seem to reflect their rushed efforts to raise liquidity. Something was decidedly rotten behind the curtain.
- Fast forwarding to March of this year: Deutsche Bank fails the banking industry’s “stress tests” and is given a stern warning to shore up it’s capital structure.
- In April, Deutsche Bank confirms its agreement to a joint settlement with the US and UK regarding the manipulation of LIBOR. The bank is saddled with a massive $2.1 billion payment to the DOJ. (Still, a small fraction of their winnings from the crime).
- In May, one of Deutsche Bank’s CEOs, Anshu Jain is given an enormous amount of new authorityby the board of directors. We guess that this is a “crisis move”. In times of crisis the power of the executive is often increased.
- June 5: Greece misses its payment to the IMF. The risk of default across all of its debt is now considered acute. This has massive implications for Deutsche Bank.
- June 6/7: (A Saturday/Sunday, and immediately following Greece’s missed payment to the IMF) Deutsche Bank’s two CEO’s announce their surprise departure from the company. (Just one month after Jain is given his new expanded powers). Anshu Jain will step down first at the end of June. Jürgen Fitschen will step down next May.
- June 9: S&P lowers the rating of Deutsche Bank to BBB+ Just three notches above “junk”. (Incidentally, BBB+ is even lower than Lehman’s downgrade – which preceded its collapse by just 3 months)
Hur illa ute är Tyskland om VW härvan sprider sig till andra bilmärken, eller är dom redan på hal is.
Here are the latest facts on Germany's automotive industry from GTAI.de
- German automobile manufacturers produced almost 13 million vehicles in 2013 – equivalent to more than 17 percent of total global production. Twenty-one of the world’s 100 top automotive suppliers are German companies.
- The automotive industry is the largest industry sector in Germany. In 2014, the auto sector listed a turnover of EUR 384 billion, around 20 percent of total German industry revenue. Source: VDA 2015
- The auto industry is the largest industrial sector in Germany, contributing about 2.7% to gross domestic product.
- Some 20% of Germany's exports are made up of vehicles and parts.
- Germany is Europe’s number one automotive market; accounting for over 30 percent of all passenger cars manufactured (5.6 million) and almost 20 percent of all new car registrations (3.04 million). Source: ACEA 2015
- Germany is home to 43 automobile assembly and engine production plants with a capacity of over one third of total automobile production in Europe. Source: ACEA 2015
- One in every five cars worldwide carries a German brand. Source: VDA 2015
- In 2014, automotive industry R&D expenditure reached EUR 17.6 billion, equivalent to one third of Germany’s total R&D expenditure. Source: VDA 2015
- 21 of the world’s top 100 automotive suppliers are German companies. Source: PWC 2013
- Around 77 percent of cars produced in Germany in 2014 were ultimately destined for international markets – a new record. Source: VDA 2015
- R&D personnel within the German automobile industry reached a level of just over 93,000 in 2014. Around 775,000 are employed in the industry as a whole.Source: VDA 2015
Then there is the value-chain, i.e., the suppliers and the providers of R&D for Germany's automotive industry.
- Germany boasts 21 of the world’s top 100 automotive OEM suppliers. Of these 21 companies, 18 belong to the top 50 automotive suppliers in Europe. Breaking the figures down further still, six belong to the top 25 global suppliers by size.
- Exports account for almost 37 percent of 2013 revenue generated by German OEM suppliers
The US national debt has steadily increased. Examine the following two graphs regarding gold and the national debt.
The Elliot Wave cycle theory is predicting a big move higher for gold (and silver, of course).
Furthermore, as a reliable contrarian indicator, the market sentiment toward gold is at one of its lowest levels in the last decade:
Ryska centralbanken medger guld manipulation av västerländska centralbanker för att hålla fokus på dollarn
"The world has come to a paradoxical situation in which the creditor countries are more concerned with the fate of the dollar than U.S. authorities themselves.
Thus, the evolution of the U.S. dollar's reserve role in recent years has given ground to some quite pessimistic forecasts, based on rational economic theory. It's no wonder that the number of people who have held assets in dollars and now wish to diversify them partly into gold -- the traditional shelter from inflation and political adversity -- is steadily growing."
The above statement was just a snippet from a long presentation given by Oleg V. Mozhaiskov, Deputy Chairman of the Bank of Russia.
In this presentation, Mr. Mozhaiskov goes on to explain in great detail how he sees the current state of the gold markets and the role it plays in our "modern" financial system.
Mozhaiskov states to his audience that the gold market has been and is manipulated by the elite powers-that-be. He states how the current reserve currency of the World is fatally flawed and that gold will and must play a role in our system.
Omsättningshastigheten för dollar måste öka och frågan är om nästa QE blir till folket som då kommer att sätta fart på pengarna och därmed få lite bättre fart på ekonomin.
Neumeyer, who has created two billion-dollar companies and recently founded the mineral bank investment firm First Mining Finance, argues that the fundamentals are simply too great to ignore.
Tillväxten fortsätter att vara negativ i USA och vinstutsikterna skrivs ned. Hur skall FED kunna höja räntan i en sådan miljö det har aldrig hänt förut.
Är börsfesten på väg att ta slut i UK. Lägsta räntan någonsin samtidigt som vi har än av dom längsta börsuppgångarna.
Pris elasticitet när det gäller silver är helt satt ur funktion. Det är en otroligt stor potential för en kraftig prisjustering uppåt när utbud och efterfrågan får sätta priset. Frågan är bara när det händer.
It’s truly amazing just how much silver India and the United States are on track to import in 2015. Even though these figures and this subject matter have been discussed at length on many precious metal sites, until we look at the data as shown below, you can’t really comprehend just how much it is:
FED flyttar ned sin egen räntekurva och har till och med en medlem om förespråkar negativ ränta. Vad mer behöver marknaden för att förstå att USA är på väg in i en ny recession och att QE4 inte är långt borta
Håller dollarn på att försvagas mot yenen månads chartet tyder på det vilket skulle vara en game changer för guld och silverpriset
FED har inte mycket förtroende kvar och möjligen minskar förtroendet ytterligare efter morgondagens ränte besked
It appears that the Fed no longer cares about doing the right thing for a very simple reason - the Fed no longer is worried about losing credibility. As the following chart showing the results of a survey of 150 institutional RBS clients and investors confirms, two -thirds already believe the Fed has lost credibility.
When will the Fed raise rates for the first time?
Only 22% of CFOs now expect a September rate hike, while expectations for December 2015 or later have increased.
With investors fixated on Thursday's key Federal Reserve FOMC meeting announcement and the prospect of the first interest-rate hike since the Great Recession, the message from a group of CFOs representing more than $2 trillion in market cap is in line with much of the market: Don't hold your breath.
The majority CFO view has moved from betting on a September rate hike when last polled in May to a majority view in the August poll that the first rate hike gets backed up to 2016. Less than a quarter of CNBC Global CFO Council members polled believe the Fed will raise interest rates after its meeting on Thursday (compared to 47 percent in May's poll). In the previous CFO poll, only 16 percent of CFOs were betting on the Fed delaying action until 2016.
Wall Street doesn't think the Fed will announce a rate hike this week, either. The CME FedWatch shows that traders put the probability at only 25 percent, down from 40 percent last month.
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the protests in Moldova against a billion dollar banking fraud which looks remarkably ‘Made in Europe’ – i.e. similar to banking heists in Iceland and Ireland. They also look at the UK property companies raking in the profits off the government’s ‘Help to Buy’ scheme. In @ 12:45 of the second half, Max continues his interview with investment banker, Ned Naylor Leyland, about the latest in Gold markets.
Guldet försvinner raskt ut ur COMEX lager och det verkar vara svårt att få tag i fysiskt guld på marknaden
Extrem pessimism råder för guldpriset samtidigt som producenterna av guldet har positioner för en mycket positiv utveckling
Kommer Riksbanken lyckas med sin inflations politik eller bara blåsa upp bostadsbubblan till en ändå mer gigantisk ballong
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the great un-banking movement as more people choose not to “buy in” when the banking system seems rigged against them. In @ 13:05 of the second half, Max interviews investment banker Ned Naylor Leyland about the latest in yuppie gold pools and pet rocks.
Är det dags nu för en lägre dollar och högre råvaru priser och därmed få högre inflation. Kommer guld och silver bryta sin wedge och därmed börja en lång resa norr ut
Kommer den höga skuldsättningen för NYSE att få börsen på fall som den gjort förut vid extremt hög belåning
NYSE margin debt peaked twice in the last twenty years. Once just before the 2000 tech bubble popped, and once just before the 2007-2008 housing crisis.
Today, margin debt has soared to a new record high of more than half a trillion dollars… 28% higher than its 2007 peak.
PART2: 2015-16 Economic Collapse and Meltdown, Shemitah, Gold, Silver & US Dollar!
Rob Kirby from KirbyAnalytics.com is back to discuss the latest from the CRIMEX, which at this point in still known more widely as the COMEX, where available registered, deliverable PHYSICAL gold has fallen to an all-time low of 202,000 ounces! There is now 228 ounces of PAPER gold claims for every ounce of deliverable, registered PHYSICAL gold.
“The Comex has been a Ponzi scheme for a great many years and what they’ve been playing is a shell game,” says Rob Kirby. “The gold market has been rife with criminality and fraud for a great many years now. We used to
Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system acutely vulnerable tomonetary tightening by the US Federal Reserve, the world's top financial watchdog has warned.
The Bank for International Settlements said the wild market ructions of recent weeks and capital outflows from China are warning signs that the massive build-up in credit is coming back to haunt, compounded by worries that policymakers may be struggling to control events.
"We are not seeing isolated tremors, but the release of pressure that has gradually accumulated over the years along major fault lines," said Claudio Borio, the bank's chief economist.
The Swiss-based BIS said total debt ratios are now significantly higher than they were at the peak of the last credit cycle in 2007, just before the onset of global financial crisis.
Combined public and private debt has jumped by 36 percentage points since then to 265pc of GDP in the the developed economies.
This time emerging markets have been drawn into the credit spree as well. Total debt has spiked 50 points to 167pc, and even higher to 235pc in China, a pace of credit growth that has almost always preceded major financial crises in the past.
Looking at three of the most important assets (bonds, equities and housing) across 15 DM countries, with data often stretching back two centuries, we are currently close to peak valuation levels relative to history. Indeed when aggregated, current levels are higher on average across the three asset classes than they were back in 2007/08 and certainly higher than in 2000. At the equity market peak back in the summer months of 2015 we were pretty much at the peak.
Of course, stock markets have fallen recently but the authors say that this is “still one of the more expensive points in history to be an owner of the asset class at the index level at least”.
Kinas konsumtion av råvaror är ofattbar man förstår att en lägre tillväxt i Kina får råvaru marknaden orolig
Mera nytryckta pengar till folket verkar vara det enda som centralbankerna kan göra för att hålla system igång
from Sprott Money News:
Nearly half the S&P 500's gains since 2005 have occurred between 2 am and 3 am Eastern.
It just so happens that the gains are occurring during a very illiquid time of the night.
What U.S. equities fundamentals-related epiphany suddenly befalls futures traders at 2 am Eastern, night after night?
Earlier this week, Eric Scott Hunsader posted on his Twitter handle the latest update to the most jaw-dropping chart you may have ever seen. If you are active in the markets, Hunsader is someone you should be following (86.5K followers on Twitter). He didn't disappoint with the following:
Här är grabbarna som börjar gå emot den negativa trenden för råvaror. Skall det bli någon inflation i världen så är det nog dags för de manipulerande centralbankerna och agera
När kommer centralbankerna vidta åtgärder för att få upp råvarupriserna och därmed inflationsförväntningarna. QE4 kan vara närmare än vi tror
Det är ca 47år mellan Dow/Guld ratios bottnar mellan 1929 - 1980 och skall vi hålla den trenden så ser vi en ny botten under 2017. Hur den botten ser ut beror på deflation eller inflation
USA på väg in i en recession och FED höjer räntan. Det har aldrig hänt förut men någon gång skall väl vara den första
Otroliga 207 ägare på varje oz guld som COMEX har i lager. Hur länge till kan man hålla pappersmarknaden för guld vid liv.
Kinas valuta reserv krymper genom försäljning av dollar papper. I augusti köpte man till ytterligare 16 ton guld.
Saxat från Kingworldnews. Hur länge till kan värdet på guld hållas tillbaka mot fiat valutor som trycks i oanade mängder varje år.
According to Morgan the Gold-Silver Ratio is telling us something else that is important.
"If you have a real economy with sound money you get a deflationary trend. This means your money is worth more over time. It is beneficial to almost everybody. Silver is the best inflation edge and not the best deflation hedge. Gold is the best deflation hedge. Silver anticipated this huge inflationary environment back when QE2 was announced and moved from $26/OZ to $48/OZ. What happened was all that anticipated inflation didn't get into the market place because all the increased debt only resulted in re-liquifying the banks. They forced the money into the banking system and not out into the public sector."
David believes silver is currently a better buy than gold. He still believes silver will outperform gold.
"We are not out of the woods. There is a place for precious metals in your portfolio. 20% for "metal bugs" and 10% for the average public."
Kinas valuta reserv minskar i rask takt bara i augusti sålde man amerikanska statspapper för ca 94 miljarder dollar. Trycker FED pengar o köper för att hålla räntorna nere
Rekordleveranser av fysiskt guld i Kina under augusti. Frågan man ställer sig var kommer guldet ifrån och varför går inte priset upp.
With recorded deliveries of just under 60 tonnes in the final week of August, the Shanghai Gold Exchange statistics would seem to disprove general media reports that Chinese gold demand is falling. The week 34 figures (up to August 28th) bring SGE withdrawals for the month to a staggering 302 tonnes (with one trading day to go). This is already a new monthly record and what is even more significant is that August is usually one of the weaker months of the year for SGE deliveries. To put this figure into context, the world’s second largest gold producer, Australia, mined 272 tonnes of gold last year, so the SGE delivered nearly 50 tonnes more than this out of the exchange in a single month. And don’t forget the SGE only deals in physical gold – there’s no paper gold element involved.
Year to date SGE figures show that physical gold withdrawals out of the Exchange are already running hugely ahead of those at the same time of year even in the record 2013 year for Chinese gold demand. Indeed withdrawals are running fully 219 tonnes higher than by the end of August 2013. With Chinese demand usually stronger in the tail end of the calendar year, particularly in November and December as the Chinese New Year – a time when domestic gold consumption normally is at its highest – approaches, it does currently look as if we will see a huge new record in the SGE figures this year. This just doesn’t gel with the general position on Chinese demand as expressed by the media.
Centralbankerna som har QE på sina program äger nu stora andelar av stats obligationer vilket är ohållbart i längden. När staten finansierar sig själv med nytryckta pengar är inte inflationen långt borta då papperspengar tappar snabbt i värde och priserna går upp
In this special episode of the Keiser Report from New York City, Max Keiser and Stacy Herbert discuss the ‘frack now, pay later’ economics of a desperate energy sector. In @ 13:20 of the second half, Max interviews professor of economics at University of Missouri, Kansas City, Michael Hudson, author of Killing the Host, about how the Finance, Insurance and Real Estate sectors compromise our economies.
Färre människor jobbar, hela 94 miljoner arbetsföra amerikaner står utanför arbetsmarknaden vilket är att färre och färre människor bidrar till den gemensamma välfärden
And since there are still those confused why wages so stubbornly refuse to rise, here is our favorite labor-related chart, showing the annual increase in average hourly wages superimposed next to the US civilian employment-to-population ratio, which remains solidly below 60%, and has barely risen since the great financial crisis.
Kommer FED verkligen höja räntan när företagen visar negativ tillväxt. Det har aldrig hänt förut men vi lever i en tid där allt kan hända.
Man har sålt fler aktier än vad som finns utestående av ETF VXX som innehåller VIX. Nu måste man täcka sig och vi får då en spik rakt upp. Tänk på att samma förhållande råder inom guld och silver.
That’s what happens Larry when there are 64 million shares short and only 52.3 million shares outstanding…
VXX (Long VIX ETF) is exploding higher amid the short squeeze…
The “VIX” index, otherwise known as the fear “index” has been a major tool of the PPT and Associates in supporting the stock market. A “low” number is indicative of little fear while a high number shows more fear. In an effort to support equities, this index has clearly been suppressed in price by selling more shares short than even exist. (Does this sound familiar to gold and silver investors?). This now poses a VERY BIG PROBLEM!
Plain and simple, with more shares short than exist, a short squeeze for the ages has been set up. Knowing a big move upward in the VIX is also synonymous with lower stock prices, one can extrapolate (along with many other technical and fundamental weaknesses) a market crash of epic proportions will happen whenever this short squeeze is actually covered. The “squeeze” has already begun with the VIX running up to 31.8 as of this writing. The “crash” has also started worldwide if you have been paying attention. In my opinion, the “short covering” has the potential to push the VIX index to all time high prices. Greater than 2001, 2008 and even 1987. Can you guess what this will mean to averages like the Dow Jones, S+P 500 or the NASDAQ???
Comments welcome! firstname.lastname@example.org
I Sydafrika är guldet på samma nivåer i Rand som det var vid toppen 2011. För den som vill skydda sin köpkraft är guldet en given investering. Sverige gör just nu allt för att försvaga valutan vilket gör guldet till en mycket bra hedge.
But it’s important to keep things in perspective. Compared to past major market crashes, China’s recent correction doesn’t appear that bad.
Any bad news in this case can be seen as good news. I think that in the next three months we might see further monetary stimulus, following the currency debasement nearly three weeks ago. We might also see the implementation of new reforms in order to address the colossal infrastructure programs China has announced in the last couple of years, the most monumental being the “One Road, One Belt” initiative.
‘The Death of Money’ author Jim Rickards, explains to the Fox News team
Kommer Riksbanken under morgondagens möte besluta om ytterligare åtgärder för att sänka värdet på den svenska kronan och därmed importera inflation som alla svenskar förlorar på
When the main rate was at 0.25% last year, the consensus was that it wouldn’t be cut to zero. When it was zero there were doubts it could go below zero. It is now minus 0.35% and the Riksbank has launched a bond-buying program worth 4% of gross domestic product.
The message from the Riksbank has been clear: it is serious about reaching its 2% inflation target and if more is needed to get there, then more will be done.
Does the Riksbank think yet more is needed? Inflation in July was slightly higher than expected but it was slightly lower than expected in June. Will the Riksbank over deliver again?
Lägsta räntan på 5000 år. Den som gör sina beräkningar på att räntan skall stanna på dessa nivåer bör nog tänka sig för
Rekordförsäljningar av guld och silvermynt under sommaren samtidigt som dom som manipulerar kurserna för att påvisa att det inte finns någon ekonomisk risk i världs ekonomin trycker ned kurserna.
Sälj guld och köp silver. Vid ca 80 har silvret utvecklats mer positivt än guldet under de senaste 100 åren