Global Economy

5 Negative Factors For Oil Prices

With the value of crude oil price forecasting firmly established (as practically worthless), we will continue to monitor the global crude oil market to assess how events and trends will be impacting the crude oil price. At present we are bearish for crude oil, as we believe the following factors will be driving the oil prices in the short to medium term.

Cashless Society - Is The War On Cash Set To Benefit Gold?

If governments allow banks to shut down bank accounts of individuals or companies without a fair trial and due legal process, it will create a very dangerous situation indeed. In this environment, buying gold is rational behaviour to even the biggest paper-bugs out there. The current monetary experiment of massive QE is no longer the main concern of prudent investors and institutions, it is now combined with negative interest rates and bail-ins.

Chinese Home Prices Surge Most On Record, Ignore "Cooling" Measures

Average new-home prices in the 70 cities tracked surged by 1.8% in September from the month prior. On an annual basis, housing prices soared 11.2% year over year, after a 9.2% jump in August. This was the biggest annual jump on record, and the 12th consecutive month in year-over-year gains.

World Economy Wobbles As Deep-State-Shill Distracts

...but if China can’t sell its products, it can’t afford to buy resources... resource prices plunge... and consumer prices follow, aggravating weak demand with lower prices, falling money velocity... gloom, doom... recession, depression... and worldwide deflation. Then, as the world’s attention is fixed on the sordid business of the U.S. election, with its contest between reality-TV Big Shot Donald Trump vs. Deep State Shill Hillary Clinton, the world economy wobbles.

Why They Keep Trade Deals Secret

Thousands of people recently demonstrated in Brussels against free trade deals negotiated by the EU. This happened just days before a meeting of EU trade ministers in Bratislava last month, which was considered the last push to salvage the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the United States. Not only is Europe divided on the deal, but the talks have been extremely secretive.

US Futures, Global Stocks Mixed After Lackluster Chinese Economic Data; Oil Rises Over $51

US futures were little changed, with European shares lower, and Asian stocks higher as caution returned after last night's Chinese economic data did little to clear up how the world's second largest economy is performing, and provided few positives for investors ahead of the third and final U.S. presidential debate; imminent announcements from both the ECB and the Fed also will keep traders on their toes today.

9 Regional Feds Ask For Rate-Hike - Same As Prior To Last December's Hike

While the probability of a November rate-hike has collapsed to just 8.5% (as Dec holda round 65%) it appears regional Federal Reserves have a very different perspective of when Janet should hike. Nine of the Fed’s 12 regional banks sought a quarter-point increase in the discount rate in September, up from eight in August, based on minutes of their board meetings published by Fed. This is the same number as right before the December hike in 2015.

Brexit - Winners & Losers

UK prime minister Theresa May hopes the EU will come to its senses and negotiate a fair Brexit settlement. Unfortunately, current rhetoric suggests a “hard brexit” is the most likely scenario.

"Change Is As Necessary As It Is Impossible": Deutsche Bank Explains Why The World Is At A Dead End

"Anti-global sentiment has been the loudest message of the current presidential campaign in the US. The most likely origin has been a buildup a buildup of discontent due to failure to develop a convincing response to economic slowdown in the last years. This has recently emerged as the main theme of public discourse. Current presidential campaign has highlighted to what extent the Change is as necessary as it is politically impossible."

The "Evil Russia" Meme's Odor Of Desperation

News flash: every country with access to the Internet is in full hacking mode around the clock against every other country so engaged. Everybody’s doing it. It is perhaps a projection of America’s ongoing rape hysteria that we think we’re special victims of this universal activity. Rather, the Evil Russia meme seems a projection of our country’s own insecurities and contradictions.