Skulderna i världen har aldrig varit så höga som de är idag samtidigt som man trycker pengar för att hålla systemet igång. Guld och silver har varit en del av det monetära systemet under flera tusen år. De senaste dryga 40 åren har man dock valt att lämna dessa ädelmetaller utanför och det har medfört ökade skulder och ett ohållbart system.

Lyssna om ekonomin

Publicerad 2017-03-30 16:16:13 i Ekonomi,

Donald Trump looks to reverse former President Barack Obamas’ climate efforts to preserve earth. The American stock market takes a hit after failure of “Trumpcare”, we are joined by Dr. Ron Paul to discuss further. RT’s Alex Mihailovich joins us to discuss, Chinas’ desire for total access to Canada when it comes to trade. After the break, we talk about the EU approved merger of DOW and Dupont. Talk of building a border wall between the United States and Mexico has prompted fear and sometimes excitement across America. Boom Bust’s Manuel Rapalo takes a look at the end of an era of massive low-skilled immigration into America. A new study shows 1 in 4 Americans have less than $1,000 saved for retirement, Boom Bust’s Bianca Facchinei has the full story.

Morgan Stanley om diskrepansen mellan soft och hard data

Publicerad 2017-03-29 10:32:05 i Ekonomi,

Will the hard and soft data reconcile, and in what direction? Optically, a 2Q GDP bounce back would perhaps be taken by markets as the hard data correcting to the soft data—in other words, risk appetite may find renewed inspiration as positive hard data unfolds. But from an economist’s point of view, smoothing through the volatility simply looks like the outlook for around 2% growth remains intact. Moreover, we do expect that the breadth of the 2Q rebound in hard data will be fairly limited, with a swing in consumption as the main driver of the expected 2Q upside, followed by a slightly better net trade and inventory profile. As a consequence, we would not necessarily expect 'hard data' surprise indices to start racing higher if the factors behind the 2Q growth rebound remain narrowly confined to a few sectors as we expect.

The last 5 times that the gap between perceived economic reality and actual economic reality was near this high, the S&P 500 had a troblesome few weeks/months after:

  • JUL 2007 -12%
  • JUN 2009 -9%
  • APR 2010 -17%
  • MAR 2011 -19%
  • NOV 2014 -6%


PM har haft en bra start på 2017

Publicerad 2017-03-28 14:25:16 i Ekonomi,

The precious metals continue to outperform most assets in 2017. Year to date, gold is 9% higher and silver is 11.7% higher. Platinum is 8.4% higher and palladium has surged 18% to two year highs.

Grekland kan inte ta emot fler asylsökande samtidigt som Erdogan skruvar upp retoriken

Publicerad 2017-03-27 11:57:45 i Ekonomi,

“Greece is already shouldering a heavy burden,” Ioannis Mouzalas, the migration minister, said.

We accommodate 60,000 refugees... and it would be a mistake to make Greece’s burden heavier by the revival of the Dublin agreement,” he said, also adding that Germany, the primary destination for most refugees, “wants countries where refugees arrive first to bear a large portion of the burden.”

Asked if Athens is ruling out implementation of the Dublin Regulation, Mouzalas answered in the affirmative, adding, “I want the Germans to understand that this is not because of political or ideological reasons, or failure to appreciate Germany’s assistance.

“Greece simply has no capacities to cope with additional arrival of refugees,” he said. “We’ve just pulled ourselves together, so please, don’t make us falter again.”

At this stage, Mouzalas said, Greece is ready to accommodate only a small number of refugees as a symbolic gesture, showing “that we’re not opposed to the Dublin agreement.” Greece “reached its limits” and “we can’t bring in a single refugee,” he reaffirmed, appealing “to the common sense of Europe.”

Beppe Grillo har greppet i Italien

Publicerad 2017-03-23 10:26:10 i Ekonomi,

Foreigners often underestimate Italy’s ability to sidestep calamity. That said, the stakes are higher now than in 1992. Solutions may prove harder to find. The reason lies in the radically different EU and Mediterranean contexts in which Italy finds itself.

Some of contemporary Italy’s challenges appear similar to those of the early 1990s. The party system is once again in fragments. The ruling centre-left Democratic party (PD) split last month. The right is divided. The most popular opposition party is the anti-establishment Five Star Movement. Since November 2011 four prime ministers have taken office not because voters chose them, but because of a financial emergency, factional squabble, party coup and failed constitutional reform.

Matteo Renzi, the former premier and PD leader, suffered a blow this month when it emerged that Tiziano Renzi, his father, and Luca Lotti, a close political ally, had been caught up in a judicial probe into suspected graft in public procurement.

The most disturbing comparison between 1992 and the present day concerns the Italian economy, which is projected this year to be the slowest-growing in the eurozone. Public debt is more than 132 percent of gross domestic product. Unemployment is almost 12 per cent; the youth jobless rate is over 37 percent.

As a consequence, ever more Italian politicians question the merits of eurozone membership. So do Italian voters. In a Eurobarometer poll published in December, 47 percent called the euro “a bad thing” for their country and only 41 percent “a good thing”. This is the big difference with 25 years ago.

As long as the moderate left or right governs Italy, it may be possible to contain this disenchantment with the EU and the euro. But the PD’s fissures are the latest sign that the party system is cracking under the strain. The Five Star Movement is waiting in the wings.

James Turk om silvret när han gästar King World News

Publicerad 2017-03-21 14:02:59 i Ekonomi,

The Massive 47-Year Cup And Handle
I’ve presented the above chart before, so it is familiar to KWN readers. The message from this chart is very important. 
What we see here is a major basing pattern. It is conveyed by a multi-decade ‘cup-and-handle’, with the handle now being formed. The good news it that the downtrend in the handle has been broken, meaning that the next major upside target for silver is the ‘rim’ of the cup at $50. 

So silver has turned the corner. What we need now, Eric, is just a little more upside action. It is only a matter of time before that happens, and after last week’s strength, I expect that we won’t have to wait long.”


Med stagflation framför oss är det mycket möjligt vi får en liknande utveckling för PM som under senare delen av 70-talet

Publicerad 2017-03-20 09:42:08 i Ekonomi,

Gold prices have increased along with debt and currency in circulation. Gold bubbled higher in the stagflationary 1970s and then languished in the “great age of paper” from 1982 – 2000. Gold will probably catch up with debt as central bankers rapidly “print” currencies, which will cause accelerating devaluations in the next several years.

Lyssna på Ron Paul

Publicerad 2017-03-17 14:10:51 i Ekonomi,

Dr. Ron Paul discusses the Fed raising interest rates and comparing the 70's and early 80's when gold went from $35.00 to $850.00 an ounce. He also goes on to talk about the current economy and how bad it really is and that gold is signaling a vey probable stagflation outcome.

Med skulder i USA på ca 350% av BNP och en ränta strax över noll samt triljoner nytryckta dollar undrar man vad som skall rädda systemet vid nästa kollaps?

Publicerad 2017-03-13 10:14:00 i Ekonomi,

Chart: U.S. Total Credit Market Debt as a Percent of GDP

A credit bubble occurs when the issuance of credit grows faster than income supporting it. Here’s what that looks like on a national scale for the US. The bottom red line is income (GDP) and the top blue line is Total Debt. We can see that debt has been growing at twice the rate of GDP since 1970:

Debt to GDP


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Roger Lundberg

Har varit verksam inom den finansiella marknaden i över 35 år. Har därmed varit med om både upp och nedgångar inom olika marknader. Min bedömning är att vi närmar oss en ny härdsmälta på de ekonomiska marknaderna och vill därför med denna blogg dela med mig av min erfarenhet.

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