Wednesday, December 30, 2015
Gold a Safe Harbor on an Ocean of Excess Reserves / Commodities / Gold and Silver 2015
By: Michael_J_Kosares
"We had initially asked to pay interest [in 2006] on reserves for technical reasons. But in 2008, we needed the authority to solve an increasingly serious problem: the risk that our emergency lending, which had the side effect of increasing bank reserves, would lead short-term interest rates to fall below our federal funds target and thereby cause us to lose control of monetary policy. When banks have lots of reserves, they have less need to borrow from each other, which pushes down the interest rate on that borrowing — the federal funds rate." Ben Bernanke, The Courage to Act
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Wednesday, December 30, 2015
China Impending Real Estate Housing Market Crash / Housing-Market / US Housing
By: Harry_Dent
We woke up this morning to find oil prices weighing on the market… again… with China suffering the biggest losses. Oil prices have already kept stocks at bay in the best time of the year.
Funny how this “Santa Claus” rally that I predicted wouldn’t happen this year, didn’t. The last time was in 2007 and 2008 – the last years the stock market crashed.
Wednesday, December 30, 2015
U.S. Taxes - How I Beat the IRS / Personal_Finance / Taxes
By: Rodney_Johnson
A month ago I got a love letter from the IRS. Well, it didn’t exactly express emotion, but it definitely made clear they wanted to see me, and soon.I was being audited.
The tax year in question was 2013, and they wanted to focus on K-1’s, basis for stock transactions, charitable contributions, and health insurance payments. I did what anyone would do. I called my accountant.
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Wednesday, December 30, 2015
Does The National Debt Supercycle Override The Normal U.S. Interest Rate Cycle? / Interest-Rates / US Debt
By: Dan_Amerman
Markets and economies usually run in cycles and there have been numerous previous reversals where falling interest rates have been replaced by rising interest rates. The soothing reassurances from many financial authorities and much of the financial media are that there is no need for the general public to worry - because this sort of thing is quite normal.
But is this actually true? Have we really been "here" before?
Or are there are major differences between this time around and the previous cycles of rising interest rates which mean that much of recent history may not apply at all?
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Wednesday, December 30, 2015
Get Your Money Out of Italian Banks Now! Austerity and Bail-Ins Fan Populist Flames / Interest-Rates / Credit Crisis 2015
By: Mike_Shedlock
Austerity and Bail-Ins Fan Populist Flames
The Italian economy is growing, albeit barely. But Italy is still saddled with massive amounts of debt.
Citizens are upset about a recovery that has passed most of them by. For example, youth unemployment is a whopping 39.8%.
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Wednesday, December 30, 2015
The War On Cash Is Now Being Rolled Out At An Incredible Speed / Currencies / War on Cash
By: Jeff_Berwick
In the old days there used to be bank robbers… old Westerns were full of the stories. Now, the banks rob you.
It’s all part of a grand scheme to turn the entire world into indentured servants under total control.
Here is where the world is headed: Countries like India are already building corporately sponsored cities, municipal environments where people live in the same place they work.
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Tuesday, December 29, 2015
A Crisis Worse than ISIS? Bank Bail-Ins Begin / Politics / Banking Stocks
By: Ellen_Brown
At the end of November, an Italian pensioner hanged himself after his entire €100,000 savings were confiscated in a bank “rescue” scheme. He left a suicide note blaming the bank, where he had been a customer for 50 years and had invested in bank-issued bonds. But he might better have blamed the EU and the G20’s Financial Stability Board, which have imposed an “Orderly Resolution” regime that keeps insolvent banks afloat by confiscating the savings of investors and depositors. Some 130,000 shareholders and junior bond holders suffered losses in the “rescue.”
Tuesday, December 29, 2015
Gold Price $1071 Cap - Video / Commodities / Gold and Silver 2015
By: Gary_Savage
Gold is being capped at the 1071 level. This may or may not lead to one final attack to drive it to 1030 before the paper shorts get out of the way and let another bear market rally begin"
Transcript Excerpt:
today's commentary I'm going going to go over what's happening in the gold market
in the morning discuss the manipulation the gold market extensively in the last two videos I'm
just gonna chill down a little bit into what's happening right now we've got a
break this supports the intermediate low in July and it's become pretty clear
Tuesday, December 29, 2015
Year-end Effort at Stock Market Elevation / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Good Morning!
SPX Premarket is higher today and threatens to break through the 50-day Moving Average at 2065.13. This is all part of the effort to have SPX close in the black for 2015. It fits the profile of a Wave [e], since these waves tend to be rogues and often advance beyond the Triangle trendline. The Cycles Model calls for a reversal tomorrow or Thursday. We’ll see if the efforts to keep the markets elevated can last the rest of this week..
David Stockman comments, “The S&P 500 closed at 2052 on November 18,2014. That was 405 days ago, and despite the rips and dips in the interim the broad market average has gone nowhere.
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Tuesday, December 29, 2015
Monetary Policy Monster With A Key To Its Own Cage / Interest-Rates / Global Debt Crisis 2015
By: John_Rubino
Out on the fringes of monetary policy, a merger of sorts is taking place between the debt jubilee and Modern Monetary Theory (MMT). The result — likely to emerge sometime in 2016 — will make the past decade’s bank bailouts and QE programs look like kid stuff.
Let’s start by defining these terms:
The debt jubilee — an idea from biblical times in which debts are periodically forgiven — involves the government creating a lot of new currency and giving it to debtors, either through stepped-up public spending, tax cuts, or some sort of direct transfer. A more recent term for this is “helicopter money,” which reflects a central bank’s ability to simply drop newly-printed bills out of an aircraft if necessary.
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Tuesday, December 29, 2015
Gold and Silver Kabuki Bonus Time / Commodities / Gold and Silver 2015
By: Jesse
There were no silver deliveries reported, and JPM took another slug of gold for 'delivery.'
The Bucket Shop is little more than a betting parlor these days.
There were some little movements in the inventories as reported below.
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Tuesday, December 29, 2015
Stock Market Herd is Heading for the Cliff / Stock-Markets / Stock Markets 2015
By: James_Quinn
You would think investors (muppets) would be grateful for the extended topping process of the stock market, as it has given them the opportunity to exit before the inevitable crash. As CNBC and the rest of the mainstream media spin bullish stories to keep the few remaining mom and pop investors sedated and the millions of passive working Americans invested in their 401ks, the Wall Street rigging machine siphons off billions in ill-gotten gains, while absconding with fees for worthless advice.
Tuesday, December 29, 2015
Economic Lessons from the Age of the Pharaohs / Commodities / Gold and Silver 2015
By: GoldCore
“Joseph urged the Pharaoh to set aside one fifth of the crop in the good times and store the grain to ease the famine in the bad times, because if he didn’t do that, the good times would be forgotten and all the people would remember was the bad times. This wouldn’t be politically good for the Pharaoh.”
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Tuesday, December 29, 2015
The World is Safer For Big Government, War and Fiat Money / Politics / Social Issues
By: Mario_Innecco
Highlights Tuesday December 29 2015 this morning I'll be making a video about how
democracy has made the world safe for big government war and fear money and
you have been thinking about this subject for the last day or so and it's
very interesting because this morning . LBC radio there was a presenter called
me in pain and he was talking about the new law that has gonna come into books
in the UK and he talked about it on Twitter Ian Payne the radio presenter on
LBC and he said and I quote social media bosses face two years jail time if they
warned uses mi5 are watching them so basically here in the UK
you know the boss is a Google Facebook Twitter all the companies that give
people access to social media they'll be arrested for two years they could face
arrest forty years if they warn you know their customers that mi5 which is the....
Tuesday, December 29, 2015
Gold and Silver COTs Feature Short Covering / Commodities / Gold and Silver 2015
By: Dan_Norcini
As suspected, the gains seen last week in both gold and silver ( and copper for that matter) were primarily the result of short covering. My view is that the bulk of this was tied to year-end book squaring ahead of Christmas and the New Year's holiday.
Starting with gold...
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Tuesday, December 29, 2015
US Dollar Bull Market / Currencies / US Dollar
By: Ed_Carlson
DXY fell 0.72% last week and closed at 98.01 (below the 13-dma) after printing an engulfing bearish candlestick on Friday. 14-day RSI was unable to stay above its 20-dma during the previous week’s rally and 3-day RSI remains below 80; bearish. Not surprisingly, DXY looks similar to the pattern in TNX – the interest rate on the ten-year treasury.
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Tuesday, December 29, 2015
2016 Is An Easy Year To Predict / Politics / Social Issues
By: Raul_I_Meijer
No year is ever easy to predict, if only because if it were, that would take all the fun out of life. But still, predictions for 2016 look quite a bit easier than other years. This is because a whole bunch of irreversible things happened in 2015 that were not recognized for what they are, either intentionally or by ‘accident’. Things that will therefore now be forced to play out in 2016, when denial will no longer be an available option.
Tuesday, December 29, 2015
Stock Market Of Nothing....What Is It Waiting On?.... Sentiment Bullish... / Stock-Markets / Stock Markets 2015
By: Jack_Steiman
We've all seen markets that seem to go nowhere day after day. In fact, month after month, but this market is really tough on the nerves and one's emotions. We have spent a year at the flat line, but it's not just that it's flat, it's how it's going about its business. There are just no moves that sustain themselves. It would be fun if we could ramp up and ramp down, but we do neither for the most part. Some bigger moves for sure along the way, but in reality very few of them thus there's that word we all hate again, but there's no CONVICTION. Neither side is showing the ability to establish itself. No accumulation off bottoms. No distribution off tops. Nothing from nothing.
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Tuesday, December 29, 2015
Gold and Silver Forecast 2016 / Commodities / Gold and Silver 2015
By: MoneyMetals
Clint Siegner writes: Looking Ahead to 2016
Forecasting today's volatile, high-frequency machine driven and manipulated futures markets using fundamental analysis is futile, as a great many precious metals bulls will attest. To complicate matters, an obsession with Fed policy dominates all markets. Officials at the Federal Reserve are often less than forthcoming and are just as bumbling as the Soviet bureaucrats when it comes to centrally planning our economy.
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Monday, December 28, 2015
Chinese Markets Short Term Mess But Long Term Opportunity? / Stock-Markets / Chinese Stock Market
By: Sol_Palha
A bird doesn't sing because it has an answer, it sings because it has a song. Maya Angelou
In the short term, China is still a mess, and the reasons are all but obvious. Greed and stupidity fuelled the bubble that popped back in June of this year. Some estimates put the number of individuals opening new accounts without high school diplomas at over 60%. Secondly, a large portion of these investors were playing the markets with borrowed money, otherwise known as trading on margin. Making matters worse to circumvent the limits placed by regular margin trading, many turned to the shadowy banking sector, where one could borrow up to ten times the value of one’s stock holding. At the height of the mania over 500,000 new brokerage accounts were being opened per week, a clear sign that the masses were ecstatic and believed that the market could only trend higher. When you couple Greed with stupidity, the result is always unpleasant.
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