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Gold Jumps, Bunds Slump, EUR Pumps After Draghi Disappointment
Over-promise and under-deliver appeears to have been the Draghi meme as the ECB chief's loss of control of market front-running has left traders rapidly reversing their buy-the-rumor positions. EURUSD is spiking higher, Bund yields - most focused at the short-end - are surging, DAX is dumping, and US equity and bond markets are being sold. USD weakness has sparked gold and crude strength. We are gonna need a lot more jawboning in the press conference to save this...
Oil loves the weaker USD, stocks and FX carry not happy, Treasuries dumped on Bund arb...
and PMs are bid on weaker USD...
This is what it looks like when doves cry....
Charts: Bloomberg
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Too soon to tell. Draghi bullshit yet to follow.
That is why he talks AFTER the announcement - so he can see the market reaction and 'promise' even MOAR (in the future)!
Yep... 'market' algos love hot air
Gold jumps... 80 cents???
Doesn't matter, it still jumped.
well, in fairness...when it goes down half a percent...its "collapsed"
Every time ZH reported a jump in gold, a bigger crash followed and it seldom got a mention. I dunno, could ZH have jinxed it?
Never trust a person with dictatorial powers.....especially if it looks like he's sand bagging at the current moment.
Could be a trick.
I would expect nothing less from this Goldmanite.
Obviously central bankers aren't trying to prop things up anymore. Those who assume they'll be dropping money from helicopters should take note.
Sorry I'm not debauching the currency fast enough, I'll destroy it moar next time. I promise.
Hey where's the article about the latest mass shooting?
Oh I see it. San Berdoo Muslims.
oh no no, on zh these are always called false flags, somehow the jew baiters say every thing is controlled by jews, the fault of jews, and each event is a false flag. they never provide actual evidence. they just holler jew jew jew false flag. can not ever actually just be the fault of sub human debris followers of pedophile moo ham ed neanderthal cult
Basket- case Draghi...lol....QE doesn't work anymore....bear market resumes....the wizards are wearing no pants.
Gold jumps?
Yeah, up 3 bucks, and not even close to recovering yesterday's losses. I think we need another +$100/oz day to recover our lost perspective.
Thousands of years....it's never gone to zero.
It's called perspective.
All these indices go up and down, up and down
But what matters is that the production distribution and consumption system is totally broken.
It will remain that way until the problem of usury is tackled
Again in the Ireland of 2014 over half of the total tax take was not respent in the Jurisdiction
This adds to prices directly via Vat and indirectly via income tax which forces a upward push on wages which increases a firms costs which must be recovered in sales, globalisation is essentially a retreat from the wage costs but now other costs such as the vast energy required to sustain the global trade system and ever increasing capex costs
.
Add in all the other taxes and you are talking about a 50% add on cost which is unaffordable when the bank credit ponzi turns negative.
Ag
Ok, who was the little Austrian cunt that gave me a negative mark.
Come out of those scarcity woods Mises.
Her name is Julie.....I'll tell her you said hi.
Up and down, up and down. The only way I've ever made money in my life is farming. And I've worked in sales, distribution, real estate, graphics, and retail. Never made more than a pay check doing those things. I've invested in stocks, bonds, gold, real estate...none of them made me much but at least the bonds paid their yield. But investing in good acreage, livestock, good equipment, and going into farming by myself I've been able to make good money despite all the myths about farming being unprofitable.
I'll be raising my son on the farm, and hope he also becomes a farmer. Independence, healthy living, and a good living. I would recommend to anyone, IF they have the money to get into it and IF they are still young and active enough to do the work, there are few better options out there today. The average farmer around the world is 58 years old, and young people dont want to get their hands dirty. On top of that you have the standard of living in China skyrocketing, and the population worldwide continuing to expand exponentially. I see demand going up, and supply going down over the long term. Foret about the stock market, the financial world is grinding to a halt. Get you some good farm land and start producing!
Great outlook. A recession proof industry, and much better investment and long term security than PMs.
But as you say, it's rather expensive to get into farming. A couple farms in the family, but not quite enough acreage to make a living anymore. A farm near us just sold, 300 acres, no barn, no sheds, or equipment, just an old bungalow. And it went for $3.2 million......
That said, I was told of a person not too far from us that is growing specialty crops on a very small scale, in raised bed gardens. He is only farming one acre and earned $100,000 from it. (and no, he's not farming "weeds")
Wow on that 3.2 million dollar acreage! Iwould say that your arrea isn't suited to starting a farm! I bought my 200 acres ( included 3 barns, and fenced paddocks, house w/ detached garage and two smaller tractors ) for less than 400k. Thats about what some people pay for a large apartment or small house in the city.
Lots of Amish moving here too because of the exploding cost of farmland in many places. Its all about location.
I have been looking in northern nevada and south west idaho. I have also been looking in columbia and chile.
Ideas on location appreciated.
RIPS
Rainfall is everything and those places are a problem in that regard ( us locations, I dont know much about south america ). Go east...Maine, areas of Vermont, Northern NY and possibly south to the carolinas ( though I think the southern markets are geared toward big farming operations it might still be worth a look ), I'd also look into Missouri and kentucky, cxheap land and taxes but I dont know if the markets there are developed for small farmers either. Don't disregard northern ny, land is good and cheap Amish flooding there in droves for that reason. Wherever you go,think RAINFALL first, markets second, property taxes third and soil type fourth.
Always check the soil survey maps ( they are available for the whole country online at soilsurvey.com. Check local laws and ordinances that could prevcent you from doing what you are planning. Stay away from land with hardpan or bedrock, stay away from gravel soils, Stay away from heavy clay soils. Ideally, you want light sandy loam with good drainage. Alot of people are selling prime farm land without even knowing it. last but definitely not least always check the town valuation for any property before you make an offer, many properties are listed far beyond their value and you'll overpay and lost a good chunk of your money plus pissing off the neighbors as you help raise the property tax. Valuations are based on true market calculations so that is your guide. Good luck!
Agree... That's why I'm buying railroads and rail services companies to help transport your products. The "financial services" industry is toast -- fuck em.