• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

New Zealand

Tyler Durden's picture

G-7 Refuses To Warn Of "Global Economic Crisis" Over Fear "Sentiment Can Become Self-Fulfilling"





In order to press his individual agenda of preserving optionality to intervene in the FX market and push the Yen lower (using increasingly more desperate measures), Japan's Prime Minister had just one task in the latest G-7 meeting: to have the Group of Seven leaders warn of the risk of a global economic crisis in the final communique issued as the summit wrapped earlier today in Japan. He failed. The reason why: "the G-7 is obviously aware of the ‘announcement effect’ the official communique has. In such a situation, warning of negative risks and sentiment can become self-fulfilling.""

 
Tyler Durden's picture

Paul Craig Roberts: "Americans Are A Conquered People"





The optimism that we see is that the public’s support of outsiders is an indication that the insouciant public is waking up. But Americans will have to do more than wake up, as they cannot rescue themselves via the voting booth. In our opinion, the American people will remain serfs until they wake up to Revolution. Today Americans exist as a conquered people.

 
Tyler Durden's picture

Everything Is Not Awesome! Study Finds LEGOs Becoming Increasingly Violent





Not only is there real world conflict to worry about, it turns out there are an increasing amount of conflicts to worry about in Legoland as well. According to a study by New Zealand's University of Canterbury, violence in LEGO products has increased significantly as the company looks to boost sales.

 
Tyler Durden's picture

Unintended Consequences Of Monetary Policy 101: Easy Money = Over-Capacity = Deflation





Somewhere back in the depths of time the world got the idea that easy money - that is, low interest rates and high levels of government spending - would produce sustainable growth with modest but positive inflation. And for a while it seemed to work. But that was an illusion.

 
Tyler Durden's picture

Egyptian Military Finds Debris, Personal Belongings From Crashed Airliner





The Egyptian military said it has found EgyptAir Flight MS804 debris 290 km north of the Mediterranean coastal city of Alexandria. Egyptian army spokesman Brg. Gen. Mohammed Samir said on his verified Facebook page Friday that his military's search planes and vessels had discovered parts of the Airbus A320 along with some passengers' belongings.The military is certain the debris comes from Flight MS804 Samir told NBC News by phone, adding that the wreckage will be brought back to Egypt for investigation.

 
Tyler Durden's picture

China Hard Landing Spreads: Hong Kong GDP Tumbles At Fastest Pace Since Financial Crisis





In the latest indication of contracting global growth, overnight Hong Kong reported that its Q1 GDP fell off a cliff 0.4% qoq, widly missing estimates of 0.1% growth as retail sales plummeted and the property market continued its collapse. On a y/y basis, the economy grew only 0.8% when compared to the same period last year, less than half the 1.9% y/y growth reflected in Q4.

 
Tyler Durden's picture

Finance + Stress = Suicide (Or Trump)





The mortality rate for whites 45 to 54 years old with no more than a high school education increased by 134 deaths per 100,000 people from 1999 to 2014. For the first time in history the life expectancy of white American women had decreased, due primarily to drug overdose, suicide and alcoholism. The demographic groups that are experiencing the highest rates of drug overdose, suicide and alcoholism are also the most likely to be supporters of Donald Trump in his campaign for the U.S. Presidency. It does not take a Nobel Laureate to observe a high level of distress among white middle-class Americans. Trump simply taps into that angst.

 
Pivotfarm's picture

War Is Stupid!





War? That splendid means of conflict (armed, please) between at least two nations for a multitude of reasons.

 
Tyler Durden's picture

"Unexpected" Australian Rate Cut To Record Low Unleashes FX Havoc, Global "Risk Off"





Overnight Australia finally admitted it has succumbed to the global economic weakness plaguing the rest of the world when in a "surprise" move, Australia’s central bank cut its benchmark interest rate for the first time in a year to a record low and left the door open for further easing to counter a wave of disinflation that’s swept over the developed world. The move sent the local currency tumbling and local stocks climbing. Reserve Bank of Australia Governor Glenn Stevens and his board lowered the cash rate by 25 basis points to 1.75 percent Tuesday, a move predicted by just 12 of 27 economists surveyed by Bloomberg. The announcement has, not surprisingly unleashed havoc across FX markets and broadly pushed global mood into its latest "risk off" phase.

 
Sprott Money's picture

There Might Be Dragons (The Fear of Internationalization)





Many people fear perceived dragons when considering internationalization. When doing so, they often overlook the very real dragon that’s creeping up behind them – the dragon of a declining world.

 
Tyler Durden's picture

Aussie Dollar Plunges As Inflation Slumps To Record Low





Despite surging commodity prices in China - which must be real and represent demand growth and price increases, right? - Aussie core inflation slowed to the weakest on record as headline prices unexpectedly fell last quarter (CPI -0.2%). RBA Rate-cut odds tripled instantly sending AUD down over 1.2% (its biggest drop in 2 months). Perhaps, just perhaps, that collossal credit injection in Q1 via China did not make it into the AsiaPac economy after all and merely fueled a speculative frenzy in commodities that merely "looks" like a recovery?

 
Tyler Durden's picture

Japan's Keynesian Death Spiral - How Central Planners Crippled An Economy





The greatest tragedy of the 2008–2009 financial meltdown was not that it happened. The collapse of asset prices was the necessary result of near zero interest rates. No, the most devastating aspect of the financial meltdown is that central planning alchemy lost no credibility. Policymakers around the world are still turning to Keynesian and socialist interventionism to address problems caused by Keynesians and socialists. The twin sledgehammers of central banking and almost unlimited state power have so distorted global markets (again) that some economies are now terminal. The latest victim of the interventionists and micromanagers is the nation of Japan. A once genuinely productive and innovative nation has, over the years, slowly succumbed to the cancerous rot of interventionism.

 
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