Monday, December 05, 2016
Crude Oil Prices: "Random"? Hardly / Commodities / Crude Oil
By: EWI
The more emotional the market, the more predictable it is.
Last week's shocking spike in crude oil prices is +12% and counting, the biggest one-week gain in five years. Media stories blame one culprit: the November 30 OPEC agreement to cut production.
In absolute terms, the agreed-to cut is small: 1.2 million barrels a day, less than 2% of daily global oil production. Given the existing supply glut, that's a drop in the bucket (no pun intended). Yet, it was a bigger cut than the market expected; plus, the fact that OPEC members came to an agreement at all was enough to play a role in soaring prices.
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Monday, December 05, 2016
The Coming Stock Market Crash and WWIII / Stock-Markets / Stock Market Crash
By: Brad_Gudgeon
Much has been written about this unsustainable bubble in the stock market and the future ramifications of a major crash. We are entering an 80-year cycle where a major crisis war is going to envelop this nation. I believe that war will again be fought in Europe and the Middle East, but will this time involve militant Islam.
By my reckoning, using Elliott Wave and Benner's Cycle, I believe the crash will occur from sometime late in 2018 into 2020/21 and could or should rival the 1929-32 crash. The War should start sometime around 2021 and should last into 2025.
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Monday, December 05, 2016
This Past Week in Gold Market / Commodities / Gold and Silver 2016
By: The_Gold_Report
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Monday, December 05, 2016
Stock Market Short-Term Correction Underway / Stock-Markets / Stock Markets 2016
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: If the market strength persists, the long-term trend may need to be re-evaluated.
SPX Intermediate trend: SPX intermediate count to 2240 may turn out to only be a minimum projection. This will be determined by market action over the next couple of weeks.
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Monday, December 05, 2016
If Trump Doesn’t Do This, We Will Have the Great Depression 2.0 / Economics / Great Depression II
By: John_Mauldin
No matter who won the presidency, the economic way forward was not going to be easy. The Republican team understands they must “stand and deliver.” But as we will see, that is not going to be easy.
I’m going to depart from the normal format, where I talk about the economic realities we face and how we should invest, and instead offer my view of what I think the Trump administration and the GOP-led Congress should do.
But first, let’s look briefly at where we are now—at the constraining facts that any economic proposal must take into consideration.
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Monday, December 05, 2016
India’s Demonetization Could Be the First Cash Domino to Fall / Currencies / War on Cash
By: John_Mauldin
BY PATRICK WATSON : Just recently, millions of Americans voted against Hillary Clinton because, among other reasons, we thought she would raise taxes or otherwise take our money.
Most of us didn’t notice what happened on the other side of the world that very same day. Indian Prime Minister Narendra Modi really did take everyone’s money.
Citizens of India learned, with only a few hours’ notice, that their 500 and 1,000-rupee notes were no longer legal tender. Those are—or were—the country’s largest-denomination bills and the foundation of a huge underground economy.
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Monday, December 05, 2016
Here’s How We Can Avoid a Horrific Economic Future / Economics / US Economy
By: John_Mauldin
We have to face up to our economic reality.
If we don’t bring the budget deficit beneath the nominal growth rate of GDP (which is unlikely to go above 4% in the near future), our debt will explode during recessions; and we will ultimately face a debt crisis.
Those never end well. The choices we will have at that point will be far fewer and even more stark.
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Monday, December 05, 2016
Russia's Path to Another Resurgence / Politics / Russia
By: STRATFOR
After enduring three years of a foundering economy and feuds with the West, things may be looking up for Russia. The Brexit vote in June exposed the deep discord in the European Union, giving Moscow a glimmer of hope that dissenting member states might break the bloc's consensus on its sanctions against Russia in a future vote on their renewal. Though EU members decided unanimously in July to extend the measures, upcoming elections on the Continent could undermine the bloc's unity. In the United States, meanwhile, Donald Trump's victory in the presidential election has opened a potential path to warmer relations between the United States and Russia, and perhaps even an end to Washington's sanctions on Moscow. The turning political tides in Brussels and Washington could give the Kremlin the leeway to increase its influence in the former Soviet Union, leading the countries in Russia's periphery to re-evaluate their foreign policy positions.
Monday, December 05, 2016
UK Housing Mortgages - Goodbye to the Government Help to Buy Guarantee / Housing-Market / Mortgages
By: MoneyFacts
On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. Moneyfacts.co.uk looks back at the significance of the scheme and what effect it has had on high loan-to-value (LTV) mortgages.
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Monday, December 05, 2016
A Permanent War Against Corruption, Black Money and Fake Money Is Required In India and Elsewhere / Politics / India
By: Dr_R_M_Mathew
The heroic war against Corruption, Black Money and Fake Money Declared by the Prime Minister Narendra Modi is only a beginning of the war and not the end. Of course, it has caused pains or problems for the Common People, as no war can be fought without shedding blood, including the innocents; no surgery can be done without harming some of the healthy parts of the human body.
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Monday, December 05, 2016
Gold Relief Rally Coming and in Gold Stocks / Commodities / Gold and Silver 2016
By: Jordan_Roy_Byrne
Last week we wrote that Gold was broken but noted the oversold condition in the precious metals sector as well as the relative strength in the gold stocks. At one moment last week, the gold stocks were trading above where they were in mid-November when Gold was trading some $60/oz higher. In other words, Gold plummeted $60/oz and made a new low yet the gold stocks did not. It took a bit longer than we expected but Gold and gold mining stocks may have started their rebound at the end of last week.
Monday, December 05, 2016
Carrier Jobs And The Slippery Slope / Politics / US Politics
By: James_Quinn
“Companies are not going to leave the United States anymore without consequences.” – Donald Trump
The reaction to Trump’s deal to keep 1,100 Carrier jobs in Indiana has ranged from outrage to adoration. There are so many layers to this Shakespearean drama that all points of views have some level of credence. I’m torn between the positive and negative aspects of this deal. If you’ve read Bastiat’s The Law and Hazlitt’s Economics in One Lesson, you understand the fallacies involved when government interferes in the free market. Politicians and their fanboys always concentrate on the seen aspects of government intervention, but purposely ignore the unseen consequences.
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Monday, December 05, 2016
Our Future Economy, Jobs, Banking, And Governance / Economics / US Economy
By: Raymond_Matison
Part 1. Our Past and Present Experience
World leaders, central bankers, leading politicians, and economists are all clamoring for increased economic growth. If growth falls below a perceived minimum rate, financial or fiscal stimulus programs are initiated and maintained in order to accelerate it. The concept for necessity of continued growth is so engrained in our society, that few question under what kind of conditions, when, why, and for whom it is necessary or beneficial. The populace has been brainwashed for decades to believe if economic growth slows that it will have meaningful negative consequences for our quality of life. Contrariwise, we have been falsely led to believe that if the economy grows rapidly, everyone benefits.
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Monday, December 05, 2016
The Bond Bubble / Interest-Rates / US Bonds
By: Gary_Savage
Is the bubble in the bond market about to burst? Even a move back to the 38% retracement level over the next several weeks would cause chaos in the global financial markets.
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Sunday, December 04, 2016
Gold and Silver Bullion Buying Opportunity for 2017? / Commodities / Gold and Silver 2017
By: Nadeem_Walayat
Gold and Silver prices have recently taken quite a battering with the price having fallen form a 2016 high of $1378 to its last close of $1178 which is not far from the low for 2016 of $1071 set early on in the year which is perking my interest on whether it could now be time to accumulate some more of the shiny precious metals that mankind has been obsessed with ever since we sought out the gold / silver shimmering signs of water on the horizon of the sun baked parched east african savanna as has been imprinted into our very DNA.
Sunday, December 04, 2016
The World Prays for the End of America’s Global Hegemony / Politics / GeoPolitics
By: Dylan_Waller
America’s global hegemony was initially crafted in 1913, through the introduction of the income tax, the creation of the Federal Reserve, and the consequent rise of the military industrial complex. Since then, America now operates 800 military bases in more than 70 countries, which has forcefully been subsidized through the taxation of the American population. While the American government can not be held accountable for its countless and atrocious war crimes, failing to pay taxes to support the military industrial complex will land anyone else straight in jail. While the Federal Reserve and income tax has certainly been a catalyst for the slow, but steady deterioration of America’s middle class, the greater destruction has certainly manifested outside the shores of America.
Sunday, December 04, 2016
India Is Poised To Make A Quantum Leap Under Narendra Modi: Perspective Of A Political Economist / Politics / India
By: Dr_R_M_Mathew
Development of the National Economy and Welfare of the Common People or more specifically the Forgotten People - the Rural People, the Blue Color and Toiling People are the basic concern of a Political Economist. On the other hand, Corporate or Marxian or Keynesian Economists uphold a particular ideology and manipulate the economy for the sake of the Ideology or Elite, including the Left or Corporate Sector at the expense of the common people. I do belong to the category of Political Economist rather than the Corporate or Marxian or Keynesian EconomistsRead full article... Read full article...
Saturday, December 03, 2016
First UK BrExit then Trump, Next BrExit Tsunami Wave to Hit Italy HARD Sunday! / ElectionOracle / Italy
By: Nadeem_Walayat
The people of Britain voting for freedom from an emerging european super state on 23rd of June 2016 has ignited a fire in the people across the western world who had been increasingly been turned off by pass the parcel politics of the last 40 years, one of lying politicians that had long since detached themselves from the reality of the lives of ordinary people, where over time they came to believe their own lies, and so are primed to be repeatedly shocked by the impossible. BrExit was supposed to be impossible, Trump becoming President was supposed to be impossible and we don't need to look far to see that both were shock events that the establishment, politicians, pollsters, mainstream media, markets, and bookies never saw coming.
Saturday, December 03, 2016
The 10YR Yield and SPX Stocks Bull Markets / Stock-Markets / Stock Markets 2016
By: Tony_Caldaro
The week started at SPX 2213. After a lower opening on Monday the market pulled back to SPX 2198 by Tuesday. An OPEC pact to cut crude oil production helped the market rally to a marginal new high at SPX 2214 on Wednesday. After that the market pulled back to SPX 2187 on Thursday, and ended the week at 2192. For the week the SPX/DOW were mixed, and the NDX/NAZ lost 2.7%. Economic reports for the week were nearly all positive. On the downtick: the Q4 GDP estimate and weekly jobless claims rose. On the uptick: Q3 GDP, consumer confidence, the ADP, personal income/spending, the Chicago PMI, pending home sales, construction spending, ISM manufacturing, auto sales, monthly payrolls, the WLEI, plus the unemployment rate dropped. Fourteen positive and only two negative reports. Next week’s reports will be highlighted by consumer credit, ISM services, the ECB and factory orders.
Saturday, December 03, 2016
Gold And Silver – Do Not Expect Much Difference With Trump Compared To Obama / Commodities / Gold and Silver 2016
By: Michael_Noonan
Obama was the “Yes, we can!” hope and change candidate that become the deep state elite’s presidential lackey. It was Obama’s choice to sell his political and personal soul in serving the globalists.
History has been somewhat hidden from the public but still in the open for those who take the time to look. The US went bankrupt in 1933 when Roosevelt declared the Bank Holiday. Its purpose was to eliminate any and all banking independence and give all control over to the Federal Reserve cartel. Every bankrupt entity has a bankruptcy judge to oversee the bankruptcy. That job went to the Secretary of the Treasury as agent for the globalists that took control over the United States.
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