Archive - Aug 2014 - Blog entry

Bridges Versus Bombs?

BANZAI7 FOOD AND BEVERAGE WARNING...

U.S. Has Lost the Immune System Created by the Founding Fathers

Gold is nearly 2% higher this week and its technical position has further improved (see key charts). On Wednesday, gold broke out of bullish descending wedge chart pattern that has formed in recent months. Another buy signal for gold came when gold rose above the 20 EMA and 50 EMA (exponential moving averages). Also positive is the fact that the price momentum oscillator (PMO) has turned up, indicating that a positive momentum shift has occurred.

So, globally interest rates are at ZERO or even negative and the markets have realized that QE doesn’t do much. What exactly does this leave for Central Banks to do?

"Your gonna need a bigger boat..."

Junk bond investors are running for the hills. But there are no hills.

Bro Back 2.0...

Are the crafty casino courpiers finally cashing out their cronies' comped chips at the crooked capitlaism craps tables?

Bank of England plans to make bondholders and depositors bear the cost of bailing out failing banks has led Moody’s to downgrade its outlook on the UK banking sector. Depositors in some Cyprus banks saw 50% or more of their life savings confiscated overnight. Moodys largely ignored, as did much of the media coverage of their report, the real risk that bail-ins pose to people’s life savings and companies capital, the likely negative impact of this on consumer sentiment and employment in already fragile economies.

"War Crimes" ... Recommend International Criminal Court Investigation

Do you know of a woman wanting to learn about a different way to survive and thrive in America today?

This represents a tectonic shift in the financial markets. It does not mean that Central Banks will never engage in QE again. But it does show that they are increasingly aware that QE is no longer the “be all, end all” for monetary policy.

You do not want to play checkers with these two...

The worst possible approach is to give Putin more credibility at home...