Gold is in a bull market for a number of reasons including political risk and there is "every reason for it to continue" according to Dominic Frisby writing in the UK's best selling financial publication Money Week.
According to The Paper, major internet portals in China including Sina, Sohu, Netease and Ifeng.com have shut down some of their original reporting operations after receiving “harsh criticism” from country’s top industry regulator. As Bloomberg adds, the Cyberspace Administration of China has cited portals for violating China’s internet regulations by carrying plenty of news content obtained through original reporting.
With the yen strengthening ~12% against the US dollar and the Nikkei down ~10% YTD, it seems Haruhiko “Peter Pan” Kuroda is having a difficult time working his magic in favor of Abenomics. As the WSJ reports, Kuroda is under increasing pressure from the Prime Minister’s advisers to coordinate efforts to jumpstart the economy. Earlier this month, we first reported of the secretive meeting between Kuroda and Bernanke, where the former Fed Chairman urged Japan to unleash helicopter money.
The suspect behind an explosion that injured 12 people in Bavaria was a 27-year-old asylum seeker from Syria, Bavarian Interior Minister Joachim Herrmann says early Monday. The suspect, who arrived in Germany two years ago, died in the blast. He had been previously refused asylum.
After the close Friday, Nintendo admitted that the earnings impact from the newly-released 'Pokemon Go' game would be limited (and that it has no plans to adjust its forecasts). This has sent Nintendo shares down over 17% today, following last Wednesday's 12% collapse. Today's drop is now the largest since Ocvtober 1990...
People are assuming there’s only one way to fight a war today of global proportions. We're not in that camp. We believe it will come monetarily – not military. At least at first. For once it takes place all bets are off as to what happens next.The obvious first mover advantage for China (and all its current allies) would be to use the rhetoric coming out of the current U.S. political arena, along with current, as well as proposed monetary policies via the Fed, ECB, and Japan.
"Mr. Trump is providing something new and something fresh," explains Malik Obama - President Obama's half brother - while wearing his resplendent red 'Make America Great Again' cap. Describing his “deep disappointment” in his brother Barack’s administration, The NY Post reports, has led him to recently switch allegiance to "the party of Lincoln."
A massive fire erupted near a NATO base in the Buca district, near Izmir, Turkey. The fire broke out on Sunday evening in western Turkey. The fire blew through the grassy wooded area and is now perilously near NATO’s military base pushed forward by strong winds. In odd twist, local authorities are investigating the fire as a possible act of anti-American sabotage. The fire erupted shortly after Erdogan's leading Islamist paper headline officially targeted a US commander as coup leader adding his name & picture
Most investors today have no idea what is happening in the bond market today and have exposed themselves to incredible amounts of risk. Because a global crisis in the government bond market has never occurred in our lifetime – advisors, financial planners and big banks continue the tradition of telling their clients that bonds are safer than stocks. As a result, investors remain heavily invested in the bond market and are therefore smack dab in the middle of the riskiest investment they’ll ever see.
In the pre-1971 economy, it was Main Street that produced wealth and accumulated real dollars. After 1971, it was Wall Street that controlled access to the new counterfeit money – and made sure it captured much of it. The new system gave the feds the “flexibility” they were looking for. But it completely changed the nature of our money and our economy.
"What is disturbing to us is that experts are telling us that Russians broke into the DNC, stole these emails and other experts are now saying that the Russians are now releasing these emails for the purpose of actually helping Donald Trump. I don't think it's coincidental that these emails were released on the eve of our convention here and that's disturbing."
Crude oil inventories in the U.S. have fallen 23.9 million barrels since the end of April, but, as Bloomberg notes, oil bulls counting on further declines are fighting history. Over the past five years refiners' crude demand has fallen an average of 1.2 million barrels a day from the peak in July to the low in October... "The rough part will be once refineries start going into maintenance,... we aren’t drawing down inventories very fast and the pressure on prices will increase."