Thursday, August 04, 2016
Don’t Be So Sure That States Can’t Go Bankrupt / Interest-Rates / US Debt
By: John_Mauldin
Our judicial system has a time-tested option for those who can’t pay their debts: bankruptcy. Individuals and businesses use it all the time.
The debtor submits itself to a court, which tries to reach the fairest possible settlement with creditors. It’s messy, but it usually works for the best.
Federal bankruptcy code permits cities, school districts, and other local governments to file bankruptcy.
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Thursday, August 04, 2016
3 Signs IBM Is in Big Trouble—and How the Company Masks It / Companies / Tech Stocks
By: John_Mauldin
BY TONY SAGAMI : I got a lot of positive feedback on my recent column, “Anatomy of a Successful Short Sale.” It’s no surprise, though. Spotting failing companies is as useful and lucrative as uncovering hidden gems.
Now let’s put theory into practice and take a look at a stock that my subscribers are currently shorting.
That stock is IBM.
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Thursday, August 04, 2016
SPX Challenges the Trendline / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
Good Morning!
SPX spent the overnight session challenging the upper trendline of its Orthodox Broadening Top at 2165.00. It currently appears to have fallen back beneath it.
ZeroHedge wrote at 6:55 am., “In a mostly quiet session, European and Asian stocks rose, pushed higher by financial stocks and the USDJPY which initially dipped on some hawkish comments by BOJ deputy governor Iwata, only to rebound later in the session, lifting the Nikkei 1.1%, while the Stoxx 600 rose 0.4% led higher by the banking sector. S&P futures are unchanged after yesterday's last hour ramp. The key event is the BOE decision due in half an hour, which saw the pound dip initially only for cable to regain all losses in recent trading, despite a 100% price in expectation that Mark Carny will deliver the first interest rate cut in seven years.”
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Thursday, August 04, 2016
Buy Gold and “Real Assets” Says the ‘Bond King’ / Commodities / Gold and Silver 2016
By: GoldCore
Buy gold and “real assets” and not bonds is the financial advice of the “Bond King”, Bill Gross in his latest must read newsletter which covers everything from his favoured assets to sex.
Gross, the founder of and ex boss of the largest bond fund in the world PIMCO, now manager of the Janus Global Unconstrained Bond Fund, says buy gold and warns of the risks in the bond market. He favours allocating funds to physical assets such as gold and real estate and he explained why in interviews on CNBC and Bloomberg yesterday.
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Thursday, August 04, 2016
Bank of England Base Rate Cut to 0.25% - Savings, Mortgages and Pensions / Personal_Finance / UK Interest Rates
By: MoneyFacts
The Bank of England’s decision to cut interest rates from 0.50% to 0.25% marks the first interest rate change in over seven years and is the result of market uncertainty stemming from the EU referendum vote. So what does this mean for the average consumer?
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Thursday, August 04, 2016
Stock Market Short-Term Uncertainty As Investors Await Economic Data Releases / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is now neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Thursday, August 04, 2016
Today's Downturn Sets Markets Up For A Dramatic Oil Price Spike / Commodities / Crude Oil
By: OilPrice_Com
Another oil price downturn threatens to deepen the plunging levels of investment in upstream oil and gas production, which could create a more acute price spike in the years ahead.Oil and gas companies have gutted their capex budgets, necessary moves as drillers went deep into the red following the crash in oil prices. But the sharp cutback in investment means that huge volumes of oil that would have otherwise come online in five or ten years now will remain on the sidelines.
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Thursday, August 04, 2016
Jailing Banksters Will Not Resolve the Economic Crisis / Politics / Banksters
By: Antonius_Aquinas
Last week, an Irish court sentenced three prominent banksters for their roles in the 2008 financial crisis. Judge Martin Nolan, who pronounced judgment, said that the bansksters had committed “a very serious crime.” He continued, “The public is entitled to rely on the probity of blue chip firms. If we can’t rely on the probity of these banks we lose all hope or trust in institutions.”*
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Thursday, August 04, 2016
UK interest Rate PANIC CUT! As Banks Prepare to Steal Customer Deposits / Interest-Rates / UK Interest Rates
By: Nadeem_Walayat
Today is the day when UK interest rates will be cut from 0.5% to probably 0.25%, there lowest levels for over 320 year history of the Bank of England. Which follows over 7 years of rates being held at 0.5% the duration of which has seen virtually ALL economists reveal their true level of ineptitude as they have collectively consistently forecast that UK Interest rates were always just about to head higher, that the start of a series of rate hikes was just months away, which not only never materialised but is now hit with the reality of a RATE CUT! And probably announce an additional QE of at least £50 billion to monetize UK government debt and generate artificial profits for the Bank of England's banking sector brethren.
Thursday, August 04, 2016
Walkers Spell and Go Holidays Winners List Post-mortem / ConsumerWatch / Corporate News
By: Anika_Walayat
Hello everyone, I am back for a Walkers Spell and Go Post-mortem update as Walkers Spell and Go is now officially DEAD, for if you go to the walkers website and click any of the ‘Spell and Go’ links you go a page that effectively tells you that it is DEAD. So here is our update video on how many of the 20,000 advertised holidays walkers has likely awarded during its 4 month long promotion -
Thursday, August 04, 2016
Venezuela in Chaos With Work Camps and 1,000% Inflation – Coming Soon to the West? / Politics / Venezuela
By: Jeff_Berwick
We’re keeping track of Venezuela and have written about its deepening disaster numerous times, including HERE. In fact, I personally visited a few months ago to see the disaster with my own eyes.
Every time we look at this poor country, things are getting worse. The rate of price inflation is soaring toward 1,000 percent, with looting and shortages of critical necessities such as medicine and food. Hyperinflation is well underway. June monthly figures put inflation around 22%, with inflation at 488% for the year but I know from personal experience that the government numbers, as with all governments, are heavily lied about.
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Thursday, August 04, 2016
Gold Miners at the Last Resistance Zone / Commodities / Gold and Silver 2016
By: Gary_Savage
Miners are in the process of breaking through the last resistance level. Once this is cleared they have an unimpeded shot to 380.
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Thursday, August 04, 2016
Bank of England Rates Decision Thursday Morning... Stock Market Remains Lateral... / Stock-Markets / Stock Markets 2016
By: Jack_Steinman
There is a potential market mover pre-market tomorrow morning when Europe's Bank of England decides whether they will once again cut rates. Yes, I said cut, not raise. The endless world of low rates, and sometimes even negative rates continues. The expectation is for an actual .25 rate cut. Hard to believe, but that's the world we are living in now. How low can rates go? It seems there is no end to it all. We don't have to understand or agree with it, but that's the real world. It's true insanity. I'm not sure how they can get away with this garbage, but I think their market would collapse if they didn't do another rate cut in the world of endlessly low rates. I can't wrap my mind logically around it, but they seem to have no problem doing so. It shows the truth of how bad things are economically.
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Thursday, August 04, 2016
Why the Failed Coup in Turkey Will Bring Down the European Union / Politics / European Union
By: David_Galland
Dear Parade-Goer,
As I am still in Argentina running around like a llama chased by a puma, it’s my great pleasure to turn the bulk of this week’s missive to new team member Stephen McBride.
You may remember Stephen from his excellent work on our exposé on the machinations of George Soros.
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Wednesday, August 03, 2016
The Colors of Money: Andrew Jackson Still Fights the Banking War / Currencies / Fiat Currency
By: MoneyMetals
This year marks the 101st anniversary of Andrew Jackson rolling over and over in his grave.
Back in 1915, the brand new Federal Reserve pasted the 7th President's likeness on its first $10 debt note – a sharp slap to the President who fought and won his famously bitter battle to destroy the “corrupting monster” of central banking.
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Wednesday, August 03, 2016
Stock Market Retracement Appears Complete. We're Still on a Sell Signal / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
SPX appears to have completed its retracement a little shy of Short-term resistance at 2162.30. The retracement was 45%, less than the 50% that I had suggested. The time elapsed for the round trip from top-to-top was 17 hours. This may set the tone for the next decline, as well. Investors should be at least 50% short at this time.
Wednesday, August 03, 2016
Bitcoin Price Flashes Important Signal / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions; stop-loss at $657; initial target at $527.
Does Bitcoin correlate to gold? This is the kind of question Bitcoin enthusiasts pose to themselves. As it turns out, the question might be surprising to a lot of people who claim that the two are very similar. In an article on CoinDesk, we read:
An analysis of historical market data conducted by ARK Invest's Chris Burniske failed to illustrate a strong relationship between the two.
Burniske's analysis revealed that when examined on a weekly basis, the one-year rolling correlation of bitcoin and gold's returns was positive for nearly the entire period between 30th December, 2011, and 20th June, 2014.
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Wednesday, August 03, 2016
US Dollar Analysis And New Trading Opportunity / Currencies / US Dollar
By: Chris_Vermeulen
Investor optimism in stocks is becoming more widespread. Last week’s NAAIM Exposure Index rose to 101, which is the highest level since December of 2013. The trading sentiment composite has moved to a “Sell Signal” and last week saw an 11 on the VIX. Excessive optimism is universal.
We are entering an interesting time of the year for investors. Is this stock market going to break out to the upside and rally to further new highs, or will this latest lull be followed by a painful reversal of fortune? Historically, the August/September timeframe is the “Danger Zone” for the stock market.
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Wednesday, August 03, 2016
Gold Sector - Is it time to Back up the Truck? – Mortgage the Farm? / Commodities / Gold and Silver 2016
By: Peter_Degraaf
Technical Analysis of the gold sector reveals a number of red flags, such as negative COT numbers and a mining sector that is at least temporarily overbought, having more than doubled since January. And yet…….
Sometimes a market that is overbought can remain that way for longer than anyone anticipated. Remember the ‘Dotcom’ bull market of the 1990s? It became overbought and kept on rising for many months.
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Wednesday, August 03, 2016
European Banking System on Verge of Collapse; 'No Confidence' in Italian Bank Rescue / Companies / Credit Crisis 2016
By: Mike_Shedlock
European bank shares are down for the second day following a last minute bailout package aimed at Italian banks one day before a stress test showed Monte dei Paschi would be insolvent in an adverse scenario.
The ECB's stress tests published on Friday showed Monte dei Paschi has a huge capital shortfall, with the bank's Common Equity Tier 1 (CET1) ratio of negative 2.44 percent.
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