• GoldCore
    07/30/2014 - 18:58
    “But long term...and economic law says, if you keep printing a lot of paper money, the value of the dollar and currency will go down, and things and most prices will go up and indeed gold always goes...

New Zealand

Tyler Durden's picture

Frontrunning: January 27





  • Emerging sell-off hits European shares, lifts yen (Reuters) - but not really if you hit refresh since the latest central bank bailout announcement
  • Apple’s Holiday Results to Show Whether Growth Is Back (BBG)
  • Israel attacked Syrian base in Latakia, Lebanese media reports (Haaretz)
  • Abenomics FTW: Japan Posts Record Annual Trade Deficit as Import Bill Soars (BBG)
  • When all else fails, Spain's hope lie in a 16th century saint: Saint “might help Spain out of crisis,” says interior minister (El Pais)
  • Global Woes Fail to Send Cash Into U.S. Stocks (WSJ)
  • IMF's Lagarde sees eurozone inflation "way below target" (Reuters)
  • Minimum wage bills pushed in at least 30 states (AP)
  • AT&T Gives Up Right to Offer to Buy Vodafone Within 6 Months (BBG)
 
Marc To Market's picture

Dollar Powers Ahead





Overview of the dollar's outlook against the major currencies, without a preconceived notion that the US is in some kind of terminal decline.  

 
Tyler Durden's picture

Frontrunning: January 9





  • Carney Guidance Threshold Strained as BOE Holds Policy (BBG)
  • Does one laugh or cry: China Tells Banks to Improve Disclosures in Shadow-Lending Fight (BBG)
  • Big Business Doubles Down on GOP Civil War With Tea Party (BBG)
  • CIA sued for records on possible role in Nelson Mandela arrest (RT)
  • Bridge Scandal Destroys Christie's 'Nice Jerk' Image (BBG)
  • Borrowers Hit Social-Media Hurdles (WSJ)
  • U.S. Leverage in Iraq Tested As Fears of Civil War Mount (WSJ)
  • Austerity drive cuts into Chinese inflation (FT)
  • Dish Pulling Its Bid for LightSquared (WSJ)
  • BlackRock agrees to end analyst surveys (Reuters)
  • Germany defends economic policies after US criticism (FT)
  • Bank of Korea Holds Rate Even as Yen Clouds Export Outlook (BBG)
 
Tyler Durden's picture

All Eyes Turn To The Fed, Again





Today (like pretty much every other day), it will be all about the Fed and the start of its 2-day FOMC meeting, whose outcome will be influenced by today's 8:30 am CPI report as inflation (Exp. 0.1%) according to many is the only thing stopping the Fed from tapering in light of better than expected recent economic data as well as a clearer fiscal outlook. Or at least that's what the watercooler talk is. The hardliners now agree that since the Fed openly ignored the bond market liquidity considerations in September, that it will plough on through December with no announcement, and potentially continue into 2014 with zero chances of tapering especially now that we approach the end of the business cycle and the Fed should be adding accommodation not removing it. To that end, the consensus still is in favour of January or March for the first taper so markets are not fully set up for a move; conversely a dovish statement would probably result in yet another pre-Christmas, year end market surge, which in the lower market liquidity days of December is likely what the Fed is going for, instead of a volatile, zero liquidity sell off, despite Thursday's double POMO.

 
Tyler Durden's picture

Global House Price Index Surges To Record High





With home prices in the UK driving people to live in boxes and Bob Shiller worried about the US, Bloomberg's Niraj Shah notes that the Knight Frank global house price index has risen to a record. The index, now 4% above the previous high in Q3 2008 is led by China and Emerging Nations (with Europe weakest) as investor speculation amid central bank liquidity fuels yet another bubble (that no one could see coming again).

 
Tyler Durden's picture

Budget Deal Fails To Spark Overnight Rally On Strong Yen





Contrary to some expectations, the budget deal has done absolutely nothing to push global markets or US futures higher which was to be expected: markets are no longer driven by fundamentals but by such things as carry pairs which signal monetary policies. Sure enough, as a result of the strength in the Yen, overnight markets have reacted with a mixture of cautiousness and optimism. On the cautious side, Asian equities are down across the board which can at least be partially attributed to nervousness at the prospect of a December Fed taper. If Congress passes the budget over the next few days, the probability of a taper next week increase at the margin, given that we have lower fiscal uncertainty (and higher spending) over the next two years. Losses in equities are being led by the Nikkei (-0.7%) and the Hang Seng (-1.3%). Asian credit shows no sign of taper nervousness this morning with the Asia IG index 4bp tighter and high beta EM names such as Indonesia trading firmer (5yr CDS -10bp). 10yr UST yields are unchanged at 2.80% and the US dollar is slightly stronger against the major crosses. The Hang Seng China Enterprises index is down 2.3% ahead of the results of China’s central economic work conference which is expected to end tomorrow and may set a number of economic targets for 2014.

 
GoldCore's picture

Part 5 - Deposit Confiscation and Bail-In - Where Likely and When?





Emergency resolutions and legislation would be likely in many countries in the event of another Lehman Brothers collapse and another global credit and financial crisis. 

Particularly vulnerable banks in each country are....

 
Tyler Durden's picture

Key Events And Issues In The Coming Week





The US data flow is relatively light which is typical of a post-payrolls week but it’s worth noting wholesale inventories on Tuesday and retail sales on Thursday. Importantly US House and senate negotiators are supposed to come to an agreement on a budget before the December 13th deadline. A lot of optimism has been expressed thus far from members of congress, and there are reports that a budget deal will be unveiled this week.

 
Marc To Market's picture

Macro Myopia and Preview of the Week's Highlights





See why the Fed is unlikely to taper in December, but Q1 14 is much more likely.  Read a preview of the highlights from the week ahead.  

 
GoldCore's picture

Part 3 - Economists Warn Depositors May Be Burnt In Bail-Ins





Below some leading economists and financial commentators give their perspective regarding the risks of bail-ins or deposit confiscation. If you manage money in any way, your own or others,it will be prudent to heed their warnings. 

 
Pivotfarm's picture

Government: Byword for Corruption





You know that game involving word association at the psychotherapists? The one where you have to say the first word that springs to mind.

 
GoldCore's picture

Bail-Ins And Deposit Confiscation Confirmed At ‘Future of Banking in Europe’ Conference





Michael Noonan, Irish Finance Minister confirmed yesterday that bail-ins or deposit confiscation will be used in the EU. The era of bondholder bailouts is ending and that of depositor bail-ins is coming.

Preparations have been or are being put in place by the international monetary and financial authorities for bail-ins. The majority of the public are unaware of these developments, the risks and the ramifications.

 
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