Tuesday, December 06, 2016

BrExit Tsunami Claims Emperor Renzi's Scalp, Counting Down to End of the EU, Next? / ElectionOracle / European Union

By: Nadeem_Walayat

The Italian people raged against the machine by ejecting Prime Minister Matteo Renzi from office, a person NO Italian ever elected into office! The former Mayor of Florence who Machiavelli style literally back stabbed his way into the Prime Ministership, which was effectively a coup d'etat! So it's no wonder that Renzi wanted to tamper with Italian constitution so that he could concentrate further powers into his end, eyeing his vision of proclaiming himself the New Emperor of Rome!

Tuesday, December 06, 2016

Failed EU - Means an Expanded Dictatorship / Politics / European Union

By: BATR

As the people of the world awaken to the pernicious nature and destructive wreckage of European civilization, the EU technocrats and oligarchs respond with even greater measures of control, repression and intimidation. Yet the prospects that they will be able to maintain their autocratic rule lessons with each populist rebellion against the beasts from Brussels. Induced panic is a tool used to scare the peasants into additional submission. The most obvious method will be a major economic and monetary implosion designed to create fear so that their revered and lauded interdependency necessitates another surrender of national sovereignty.

Tuesday, December 06, 2016

Stock Market Another Round Of Buying.... / Stock-Markets / Stock Markets 2016

By: Jack_Steiman

Another Monday morning, or any morning these days, and up we go. Italy survived the latest referendum, and with nothing negative occurring, the market decided north was the best direction for it. That's been the case, although slowly, for the past many weeks. The market retested the 2194 breakout and breached below by a bit, but, thus far, it has held its ground overall, and now it's time for it to blast away from 2194 for good. I don't know if it's a guarantee as nothing in this game is a guarantee, but it feels like it may be time to put a little distance away from S&P 500 2194 to secure the breakout for good.

Tuesday, December 06, 2016

Goldman Sachs Is Big Winner In Trump Election Victory / Companies / Banksters

By: Jeff_Berwick

During the Democratic primary, Bernie Sanders demanded that Hillary Clinton release transcripts of speeches she made to Wall Street’s top banks, including Goldman Sachs.

Her detractors claimed that a Clinton nomination as the democratic presidential candidate would be a win for Wall Street.

While Donald Trump was campaigning he promised to “drain the swamp” in Washington, District of Criminals (DC) – by avoiding placing either lobbyists or Wall Street pros in positions of political power.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.