Monday, October 17, 2016
A perspective on risk rally – Risks abound but Stock Market is Confident / Stock-Markets / Stock Markets 2016
By: John_Mesh
Three of the major indexes posted gains and five posted losses. China's Shanghai Composite was the top performer, up 1.97% following the previous week of market closure celebrating Chinese National Day. Hong Kong's Hang Seng was the biggest loser, down 2.59%. The average of the eight was a modestly negative -0.26%. The tables below provide a concise overview of performance comparisons over the past four weeks for these eight major indexes. We've also included the average for each week so that we can evaluate the performance of a specific index relative to the overall mean and better understand weekly volatility. The colors for each index name help us visualize the comparative performance over time.
Monday, October 17, 2016
Iceland Today, the US Tomorrow? / Politics / US Politics
By: Dr_Ron_Paul
During the 2008 economic crisis, Iceland's government froze offshore accounts held by foreign investors in that country's currency, the krona. Recently, the government of Iceland announced it would unfreeze the accounts if the account holders paid a voluntary "departure tax," which could be as high as 58 percent. Investors who choose not to pay the departure tax would have their investment "segregated" into special funds that only invest in CDs issued by Iceland's central bank. These CDs are expected to only provide a rate of return of at most 0.5 percent a year. So investors in offshore accounts can thus choose between having their money directly seized via the departure tax or indirectly seized via the inflation tax.
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Monday, October 17, 2016
Bank of England Blames Brexit for Sterling Drop Inflation, Masks QE Money Printing Cause / Economics / Inflation
By: Nadeem_Walayat
The Bank of England's master monetary magician Mark Carney appeared on stage this week presenting his latest magic trick one of blaming the 16% drop in sterling on Brexit on all those who voted for it, and then warning of the inevitable future inflation consequences as the price of imports look to soar. After all the establishment elite remain determined to subvert the will of the British people be they bankers or 80% of the members of the establishment MP's that illustrates that democracy is to to all intents and purposes an illusion.
Monday, October 17, 2016
Danger, Will Robinson, Stock Market Crash Dead Ahead! / Stock-Markets / Stock Market Crash
By: Brad_Gudgeon
When I mean crash, I mean about an 11-14% stock market panic in a few days. The astro is there, the e-wave is there and so are the cycles and chart formation (plus some technical information like the MACD daily below the zero line).I’ve been talking about a Rising Wedge building for a while now. I also talked about the expected False Break, which we just had on Thursday when the S&P 500 went down to the 2114 level and then bounced. It pierced the bottom of the daily Bollinger Bands and closed back above them. Now we must go back into the wedge itself before turning back down in expected waterfall action in the coming waning days of October. The SPX will likely be up nicely on Tuesday with some follow through into Wednesday in most indexes. I look for either a bearish evening star pattern or bearish Harami to form on the 19th.
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Monday, October 17, 2016
From Piety to Pride to Pity, America's Racial Divide / Politics / Social Issues
By: Stephen_Merrill
As a boy growing up in northern Iowa in the early 60’s, I truly sympathized with the plight of Negro people in the United States. As an altar boy, I knew from Catholic teachings that all men are created equal.
The violence of white racism in other parts of the nation was plain for Americans to see on their home television screens. The injustice of Jim Crow laws was disturbing and outrageous. The brave nonviolent marches of the time seeking racial justice were inspiring to me. I was appalled and angered by the murder of three civil rights workers in Mississippi and then by the assassination of Martin Luther King.
Monday, October 17, 2016
Gold Prices Set For Further Losses Amid Rising Rate Hike Likelihood / Commodities / Gold and Silver 2016
By: AnyOption
After briefly crossing back below the critical $1250 per troy ounce level again on Friday, gold are once again poised to experience an extended period of losses on the back of rate hike speculation. Even though Wall Street was not pleased by the latest jobs figures reported earlier in the month, expectations are for inflation to continue trending higher, adding to the case for the Federal Reserve to raise rates in December. While there are still significant developments that could derail the possibility between now and November, namely another slowdown in US fundamentals, the external risk factors that emerged over the summer have since tapered. The US dollar continues to reflect this sentiment, increasing the probability of tighter monetary policy and improving opportunities in fixed income investments, reducing the value of holding gold as a hedge.
Sunday, October 16, 2016
Is Obama Juicing US Government Spending To Get Hillary Clinton Elected? / ElectionOracle / US Presidential Election 2016
By: James_Quinn
During the last year of his reign of error, our beloved Nobel Peace Prize winner, Obama ran out of government accounting gimmicks to falsely proclaim Federal deficits have been falling. His legacy of debt accumulation will go down in history as the last dying gasps of a crumbling empire built upon Keynesian delusions, political corruption, and a Deep State establishment hellbent upon retaining power at the cost of global war and financial collapse.
Sunday, October 16, 2016
Seek Your Independence: Anything Else Will Destroy You / Politics / Social Issues
By: Jeff_Berwick
Many people think The Dollar Vigilante is a fear mongering, pessimistic blog.
If you only read our headlines, then I can see how you would feel that way. But things are getting so bad that all we are doing is acknowledging the current state of affairs. The truth hurts.
After we began to analyze Shemitah and then Jubilee timelines, we became even more pessimistic because it was clear that even the deepest economic and military disasters were planned in advance.
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Sunday, October 16, 2016
SNL - US Presidential Debates, 1st, 2nd, VP - Like You've Never Seen them Before! / ElectionOracle / US Presidential Election 2016
By: Videos
Saturday Night Life have excelled themselves in achieving the impossible, of achieving satire that beats the real life Hillary and Trump comedy show which has seen literally anything spout of out Donald Trumps uncontrollable mouth, and that's BEFORE P USSY GATE! So here is SNL's take on the 2nd Presidential Town Hall Debate and as Trump would say "Are you not entertained"
Sunday, October 16, 2016
The Prodigal Son or the Machiavellian Villain: The American Presidential Election / ElectionOracle / US Presidential Election 2016
By: Dr_R_M_Mathew
Though the American Presidential election is purely an internal affair of its citizens, it has a wider impacts on the Global Peace and Development, the fates of several nations, peoples, the very survival of the Muslim world, the spread of Islamic Terrorism and aggravating Refugee Crisis and above all the growing roles of Russia and China in global politics, especially in the Middle East. Consequently, everybody is interested in the American Presidential Election and concerned about the final outcome.
Sunday, October 16, 2016
More Good News For Gold Bugs: The Bottom Is Getting Closer / Commodities / Gold and Silver 2016
By: John_Rubino
In the latest gold and silver commitment of traders (COT) report (click here for an explanation of what this report involves), paper players made big strides in bringing the market back into balance — and setting the stage for an eventual rebound.
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Sunday, October 16, 2016
End of Economic Growth Sparks Wide Discontent / Economics / Economic Theory
By: Raul_I_Meijer
Former British diplomat and MI6 ‘ranking figure’ Alastair Crooke quotes my September 26 article “Why There is Trump” so extensively in this article for Consortium News that I thought I might as well post the whole thing here at the Automatic Earth too. The other sources he also quotes -John Gray, Stephen Hadley among them- help to put my points in a solid perspective, which is nice to see. I can only hope that this will open more people’s eyes to the fact that in the end of growth and centralization, we are witnessing the “most important global development in decades.”
Saturday, October 15, 2016
Donald Trump on Life Support, May Abandon Election Campaign and War on Republican Party / ElectionOracle / US Presidential Election 2016
By: Nadeem_Walayat
The relentless barrage of main stream media bad news stories on a daily basis is keeping the pressure on the Trump camp that according to the Book making odds remains trading near all time lows, and with just 3 weeks to go there is no sign of any recovery, especially as now senior republicans are abandoning Trump, as top GOP donors urge the Republican party to disavow Donald Trump to which Trump countering with statements of betrary, that they are all part of the same cabal, the global elite that enslaves America's working and middle classes that have seen their wealth evaporate whilst the elites wealth and power has soared.
Saturday, October 15, 2016
The Gold Manipulators Not Only Will Be Punished, They Have Been Punished / Commodities / Gold and Silver 2016
By: Gary_Tanashian
I have not gone off the deep end and joined the “community” of boosters, promoters, pompom waving cheering squads and general cult figures who you can just tell not only want you to adore gold, but in some cases need you to act on your adoration and buy gold or gold stocks. Read into that what you will, but the history of investors burned by the pitch, which tugs at peoples’ morals, sense of right and wrong and plain old common sense, is a long and storied one.
Saturday, October 15, 2016
Gold is Oversold on Misplaced Expectations of a 2016 Rate Hike / Commodities / Gold and Silver 2016
By: Jason_Hamlin
Gold investors know that the metal has been under pressure due to expectations of a FED rate hike in 2016. Many believe that an increase in the FED funds rate would support the dollar and send prices for precious metals lower. This has been a key driver of the decline in the gold price to support at $1,250, the 200-day moving average.
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Saturday, October 15, 2016
Gold Stocks Corrections in Bull Markets / Commodities / Gold and Silver Stocks 2016
By: Jordan_Roy_Byrne
The gold stocks are clearly in correction mode. The large caps (HUI, GDX) have corrected 30% while the juniors (GDXJ) have held up well in comparison by correcting the same amount. Given a number of factors (the size of the previous advance, the recent technical damage, stronger US$ index and rising yields) the gold stocks should continue to correct and consolidate in a larger sense. To gauge a potential path forward we present a new analog chart and compare the current correction to those from past markets.
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Saturday, October 15, 2016
Pushing Politics to Extract Payments / ElectionOracle / US Presidential Election 2016
By: Walter_Brasch
My wife, Rosemary, a registered Republican, received a black and white poll in the mail. Plastered across the top of the sheet in bold black letters was the title: “MAKE AMERICA GREAT AGAIN.” I wonder who that could be.
On to the questions. All she had to do was to check the appropriate box and return the ballot. The survey indicated name, survey number, and a processing code, all with a bar code for identification. She just had to check the appropriate box beneath a picture of Donald Trump, Hillary Clinton, or “no opinion.” Seemed simple enough.
Saturday, October 15, 2016
Trump is Wrong on Trade / ElectionOracle / US Presidential Election 2016
By: Frank_Hollenbeck
Trumps claims (see here) that America has lost high paying manufacturing jobs to China because the communist country promotes its exports through subsidies, tax advantages and currency manipulations. The reality is that we should not care what China does. The more China subsidizes its industries, the more its trading partners gain in the abundance of cheap goods and services and, contrary to what Trump believes, in the creation of high-paying jobs. In an exchange economy, there is a natural antagonism between producers and consumers. Producers benefit from scarcity, consumers from abundance. A producer wants to be the only store on a block selling a limited number of products for a limited period of time. Consumers, on the other hand, want abundance with more producers and products available over a longer period of time. This conflict arises naturally in an exchange economy. Robinson Crusoe hunting for himself will clearly prefer abundance to scarcity.
Saturday, October 15, 2016
Black Votes Matter - Is the US on the Verge of Mass Race Riots? / ElectionOracle / US Presidential Election 2016
By: David_Galland
Dear Reader,
Thanks to a philosophy course my daughter is currently taking, I have recently become more intimately acquainted with the British philosopher John Locke (1632-1704).
While Locke is famous for many other truly important ideas, our recent reacquaintance began after I reviewed an essay on Locke’s theory on the primary versus secondary qualities of things, a bit of a brain teaser.
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Friday, October 14, 2016
(Interview) Trading with Elliott Waves Doesn't Have to Be Complicated / InvestorEducation / Elliott Wave Theory
By: EWI
Start simple, with the basic 5 "core" Elliot wave chart patterns
Jeffrey Kennedy, a recognized expert in Elliott wave analysis and forecasting, explains why the Wave Principle is such a reliable and powerful way to forecast the financial markets.
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