Wednesday, February 15, 2017
A Snapshot of My Retirement Strategy and Why it’s Not Like Yours / Personal_Finance / Pensions & Retirement
I think most of you intuit that I’m not like the normal guy out there. I think outside the box, analyze everything, respect and revere cycles as much as I hate them for their downside and discipline.The truth is, I’m an entrepreneur, more than I am an economist. In fact, I think economics is mostly a load of B.S., and there are only three classical economists I pay any attention to: Dr. Lacy Hunt, Steve Keen, and Robert Shiller.
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Wednesday, February 15, 2017
How Trump Border Adjustment Will Affect Your Wallet / Personal_Finance / Money Saving
Economic theories don’t get much play at cocktail parties, and there’s a good reason.They’re boring.
Who wants to talk about the Phillips Curve, the Taylor Rule, or Triffin Dilemma? They might have cool names, but once you dive into the details, the emotion goes flatter than a day-old beer.
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Wednesday, February 15, 2017
Stock Market Indexes Appear Ready to Roll Over / Stock-Markets / Stock Market 2017
The key to the markets is still the USD. The futures have hit 101.75 thus far this morning, which is a 55% retracement of the decline. The structure appears to be a Diagonal. Whether it is a Leading or Ending Diagonal is yet to be determined. Today it will have completed 8.6 days from its February 2 low.
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Wednesday, February 15, 2017
Jim Rogers Reiterates His Call For A Crash Of Epic Proportions / Stock-Markets / Financial Crash
Last year we covered a number of big name investors’ warnings regarding the future of financial markets. Many had quite a stark view including George Soros’ Quantum Fund co-founder, Jim Rogers.
This past May, Rogers had such a dismal outlook that he warned “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
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Wednesday, February 15, 2017
Gold Intermediate Cycle Update / Commodities / Gold and Silver 2017
NOTHING is certain or guaranteed in Markets.... ever. Anyone who tells you otherwise is a charlatan.
That said, within Bressert's Cycle framework the norm is that a new Intermediate Cycle in any asset should test or breach the Intermediate Cycle downtrend before topping and those are my expectations based on my current analysis on both Gold and the USD.
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Wednesday, February 15, 2017
Gold Bull Market? Or was 2016 Just a Gold Bug Mirage? / Commodities / Gold and Silver 2017
The consensus view in the precious metals sector is that we have embarked on the next great bull market in gold and silver. The story is gold and the entire mining sector bottomed in early 2016 and launched into its first leg up into early August. The sector then underwent a stiff correction from August to December, and has now finally found its legs and the upward advance has resumed. Money is now flowing into exploration and development plays reflecting the belief in this narrative.
I have an alternative interpretation of the markets action and I would like to share it with you. Intellectual integrity requires me to remain objective and skeptical of the market action since Jan 2016 due to various reasons we will discuss. As an investor I participated in last year’s colossal rally from start to finish, however I am NOT convinced the epic gold bear market which began in 2011 ended in early 2016.
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Wednesday, February 15, 2017
Here’s How Germany Buys Time From China / Economics / Germany
BY JACOB SHAPIRO : As we’ve written before, Germany’s economy has avoided problems besetting most export-dependent countries in the last two years.
In 2015, Germany accomplished this by compensating for decreased demand from China by substantially increasing its exports to the United States and the United Kingdom. In 2016, the situation was reversed. Exports to China increased while exports to the US and UK declined significantly.
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Wednesday, February 15, 2017
The Stock Trader’s Actionable Guide to Trump / Stock-Markets / Investing 2017
There are aspects to Trump’s public comments that concern me. He says stuff that makes me sit up and take notice, especially on the military front.
Yet, rather than blindly accepting the “news” that best supports my biases, I try to view each new Trump “event” objectively.
By contrast, the progressives/liberals unfailingly fall for every bit of click-bait that reinforces their view that Trump is a detestable, woman-hating, earth killer and the epitome of a capitalist pig.
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Wednesday, February 15, 2017
This Chart Shows an Economic Anomaly That Investors Can’t Explain / Interest-Rates / US Interest Rates
BY PATRICK WATSON : Nineteenth-century writer Frédéric Bastiat, in his classic “Broken Window” parable, warned that economic thinking requires us to see what isn’t happening as well as what is.
This yield curve chart from Macquarie Research provides a good example.
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Wednesday, February 15, 2017
How to Easily Win a PS4 Games Console in Walkers UEFA Snap and Share Promo / Personal_Finance / Freebies and Comps
The Walkers Crisps UEFA Snap and Share promotion is proving to be an relatively easy to win competition as so far just 12 days into the promotion we have already won 1 of 7000 footballs and also just won 1 of 500 PS4 games console plus soccer games! The promotion is proving to be very easy to enter and win a prize, so find out in our latest video of how you too could win a PS4 in this promotion that still has well over 2 months to run! And also maybe even win one of the top prizes which is 1 of 40 UEFA match tickets.
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Tuesday, February 14, 2017
The Stocks Bull Market No One Believes In / Stock-Markets / Stock Market 2017
The stock market continues to make new highs, yet none of the signs which accompany a market bubble are evident. Investors are asking, “When will the Dow finally correct?” By “correct” they mean “decline.” However, a market correction doesn’t always entail a decline for the major averages and can sometimes take the form of a lateral consolidation or trading range. That appears to be the case for the 2-month period from December through early February when the Dow and S&P made little headway.
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Tuesday, February 14, 2017
What is Trump's US Dollar Policy? / Currencies / US Dollar
The United States Treasury Department has supported a strong dollar policy since its inception in 1789. Period. There were no qualifications or equivocations with that stance, especially since the ascendance of the dollar as the world's reserve currency. That's why it was so highly unusual when the newly confirmed Treasury Secretary, Steven Mnuchin, uttered this quote recently: "From time to time an excessively strong dollar could have a negative short-term effect on the economy."
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Tuesday, February 14, 2017
Bitcoin Price Dancing around $1,000 / Currencies / Bitcoin
In short: no speculative positions.
Needham & Co., an investment firm, has issued a new report on the potential success of three prospective Bitcoin ETF. In the report, we read:
Given elevated interest in the bitcoin ETFs that are going through the regulatory approval process we're revisting the subject with a deeper dive to take a look at the factors that may affect approval, differences between the three filings, market indicators of approval odds, and the effect of approval/disapproval on price. Overall, we maintain our estimates that the likelihood of approval is less than 25% but that, if it were approved, such an ETF would be extremely successful. That said, there are some market indicators that seem to suggest higher odds than our own estimates. Ultimately, while we don't see any specific reason to disapprove the Winklevoss Bitcoin ETF, we think the SEC is likely to disapprove out of an abundance of caution around bitcoin itself (as opposed to something specific to the filing).
Tuesday, February 14, 2017
Bankrupt US and Venezuelan Regimes Barring Travel to Citizenry Attempting to Flee / Politics / Social Issues
Over the past few years we have watched the situation in Venezuela continually deteriorate as the country’s socialist regime led by Nicolas Maduro has helped to hyperinflate the nation into oblivion.
For Venezuelans, this runaway inflation has come with a number of awful consequences.
The situation is especially dire in Caracas where people often have to kill and eat stray animals to survive since the bread lines which stretch blocks, oftentimes run out of food.
Tuesday, February 14, 2017
All the Fake News That’s Fit to Print / Politics / Mainstream Media
Understanding the complex relationships that make up human endeavors permeates every aspect of society and politics. The ability to be informed about events is a basic motivation to search out news about what is exactly happening in the world we all live in. Journalism purports to report the first draft of history. In practice the press and media coverage is systemically bereft of relevant facts and completely void of objectivity. The currency of the realm is trust for all journalists. Their collective credibility is bankrupt for a very simple reason; their newscasts are based upon lies, newspeak and intentional deception.
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Tuesday, February 14, 2017
Trump A New Jacksonian Era? The Fourth Turning (2) / Politics / US Politics
In Part One of this article I documented the populist administration of Andrew Jackson and similarities to Donald Trump's populist victory in the recent election. I'll now try to assess the chances of a Trump presidency accomplishing its populist agenda.
The Trumpian Era
Read full article... Read full article..."But you must remember, my fellow-citizens, that eternal vigilance by the people is the price of liberty, and that you must pay the price if you wish to secure the blessing. It is to be regretted that the rich and powerful too often bend the acts of government to their own selfish purposes." - Andrew Jackson
Tuesday, February 14, 2017
Stock Market Yet Another Wall Street 'Witch's Brew' / Stock-Markets / Financial Markets 2017
WITCH'S BREW: Sentiment UP, Complacency UP - but Uncertainty Also UP (Not DOWN?)
When did the distortion start occurring in the markets when increasing UNCERTAINTY can come with an increase in COMPLACENCY and SENTIMENT?
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Tuesday, February 14, 2017
This Is Why You Don’t Own A Lot Of Stocks / Stock-Markets / Stock Market 2017
You’d think that by now every relevant measure of stock market overvaluation would have been converted into a chart and circulated throughout the blogosphere. But Zero Hedge has come up with a new one depicting how long the typical wage slave has to work to buy the typical stock. And – surprise – it shows historic, egregious overvaluation which, if history is any guide, implies a crash is close at hand.
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Tuesday, February 14, 2017
Europe Eyes Sweeping Cash Ban: Are Gold & Silver Next? / Commodities / Gold and Silver 2017
The global war on cash continues. The cabal of bankers seeking more transaction fees, busybody political leaders, and central bankers who want to experiment with negative interest rates recently threw India into turmoil by eliminating the two largest denomination bank notes.
Now they are preparing a similar assault on Europeans’ ability to transact privately and without giving bankers a cut. European Union officials just published a "Proposal for an EU Initiative on Restriction on Payments in Cash."
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Tuesday, February 14, 2017
How to Easily ID Support and Resistance on Your Charts, Bank of America Example / Companies / Company Chart Analysis
See an example in the chart of Bank of America (BAC)
You've probably heard the terms "support" and "resistance." Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop and reverse.
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