Friday, March 09, 2018
US Bond Market 3 Amigos Bottom Line / Interest-Rates / US Bonds
You thought I was done with the Amigos shtick, did you? Not by a long shot ma’am. They are the happy-go-lucky riders in play as the stock bull market churns on. They are the rising SPX/Gold ratio and stocks in general vs. gold (Amigo #1), rising US 10yr & 30yr yields (Amigo #2) and the flattening 10-2 yield curve (Amigo #3). On their current trends these goofy riders have signaled “a-okay!” to casino patrons playing the stock market and other risk ‘on’ items.
Taking our macro indicators out of order, let’s start with Amigo #2, who we have been noting to be bracing for something…
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Friday, March 09, 2018
Here’s What The Trade Tariffs Really Mean / Economics / Protectionism
Every day, you plunk out cash to support your neighbors. And they support you. That’s how economies work.I buy from my local store, which employs people, and I use local services. Even when I buy from Amazon, the stuff has to get here somehow.
We also pay taxes, much of which goes to services that employ and support people in the community. In this instance, you can think of the entire nation as your community.
So, how much of your cash are you willing to give to your neighbors?
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Friday, March 09, 2018
Best 7 Worst U.S. Population Change / Politics / Demographics
The Dems shut down government because of the ongoing immigration impasse.Only for a couple of days, sure.
But it’s THAT big of an issue across the political spectrum right now.
Trump wants a wall.
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Friday, March 09, 2018
The Stock Market Bubble Conversation / Stock-Markets / Liquidity Bubble
If there’s anything super-important in life, it’s reproduction. Without it, there’s no life… that’s why sex was designed to be so pleasurable.But pleasure is an addiction (to all creatures). Everyone has their guilty little pleasure. It might be chocolate or coffee, alcohol or opioids, a foot fetish or talking a lot. Some birds get drunk off of fermented berries. African elephants, monkeys, meerkats and giraffe get drunk eating fermented marula fruit.
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Friday, March 09, 2018
Is this the Beginning of a Trade War? / Stock-Markets / Protectionism
I’ve been back stateside for three days now and already I want to turn around and head back down under.Jet lag feels about as bad as I imagine detoxing from crack is (thank you, Naomi, for your recommendations to help with this!).
Markets are in no-man’s land, trading in the middle of the rising bearish wedge channel. They’re either not interested or capable of pushing above the top trend line, and they seem equally disinterested in breaking below the bottom trend line.
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Friday, March 09, 2018
The Last Great Myth of Every Financial Market Euphoria / Stock-Markets / Financial Markets 2018
See how financial markets are governed by waves of optimism and pessimism -- not cold reason
Beware of the "New Normal" in the Stock Market!
The January 2018 Elliott Wave Financial Forecast put it this way:
After two decades of Mania Era asset bubbles and sentiment extremes, what now seems normal to many investors is actually highly abnormal.
That's right -- many investors no longer fear asset bubbles. That is why too many will be caught off-guard when the Mania Era inevitably ends.
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Friday, March 09, 2018
Make Gold, Not (Trade) War! / Commodities / Gold and Silver 2018
“So it begins.” This is what King Theoden said right before the Battle of Helm’s Deep in the Lord of the Rings. Fortunately, the army of Uruk-hai doesn’t threaten the kingdom of men. But something else – also dreadful – endangers us. Trade wars.
Are Trade Wars Good?
President Trump shook the world last week, saying: “(…) trade wars are good, and easy to win.” Wrong! Each economist will say that. It’s true that economists often argue with each other. People even said “two economists, three opinions”. But economists do agree on many fundamental issues. One of them is the proposition that free trade is better than protection.
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Friday, March 09, 2018
Alison Teal, Green Party Councillor at Sheffield Street Trees Fellings Protests 2018 / Local / Sheffield
Green Party Councillor Alison Teal at Sheffield's street trees protest on Thornsett Road (Nether Edge) discusses the possibilities of the Green party in Sheffield gaining the balance of power following the outcome of the May 2018 Local Elections. Thornsett Road as well as several Sheffield streets such as Abbeydale Park Rise and Kenwood Road have been subjected to heavy police presence in support of SIA security and Arb's since street tree fellings resumed this month.
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Friday, March 09, 2018
The Middle Class Might Nearly Disappear in the Next Decade / Politics / Demographics
Patrick Watson: At the Strategic Investment Conference 2018, Karen Harris from Bain & Company gave a thought-provoking keynote titled, “Labor 2030: The Collision of Demographics, Automation, and Inequality.”
She sees a big economic shift that began in the 1980s. Driven by demographics and automation, the world is gradually moving from a supply-constrained to a demand-constrained economy.
Harris said the combination of a demographically shrinking workforce and increasingly cost-effective automation will aggravate inequality, curb demand, and put a cap on economic growth.
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Friday, March 09, 2018
Z-Edge S3 Dual Car Dash Cam Review - Full Specifications / / Motoring
The Z-Edge S3 Dual Dash Cam sold by amazon for £140 could possibly be one of the best Dash Cam's currently on the market. A package that includes two 1080p front and rear cameras, a very compact stick on mount, and most important of all can take upto a 128gb micro sd cards! So whilst the cost of £140 is not cheap, but appears to tick all of the boxes. Our second video in this series cover the exact specs of the Z-Edge dash cam is capable of.
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Thursday, March 08, 2018
London Property Market Sees Brave Bet By Norway As Foxtons Profits Plunge / Housing-Market / UK Housing
– Sales in London property market at ‘historic lows’
– 65% fall in pre-tax profits in 2017 to £6.5m reported by London estate agents Foxtons
– Foxtons warns 2018 will ‘remain challenging’ for London property
– Norway’s sovereign wealth fund is backing London’s property market
– RICS: UK property stock hits record low as buyer demand falls
– Own physical gold to hedge falls in physical property
Thursday, March 08, 2018
Casino and Bingo - A Brief Statistics / Personal_Finance / Gaming
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Thursday, March 08, 2018
Is the Bitcoin Bull Market Dead or Just Taking a Breather? / Currencies / Bitcoin
For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.John Maynard Keynes
Despite the heavy beating Bitcoin has taken, the sentiment has not turned bearish, and Bitcoin experts are still enthusiastically issuing wild targets of $100K and beyond.
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Thursday, March 08, 2018
China Is Leading a Once-in-a-Generation Shift to Inflation / Economics / Inflation
By Patrick Watson : At the Strategic Investment Conference 2018, Louis Gave, co-founder and CEO of Gavekal Research, talked about “game-changing policy shifts” and massive social changes that are underway in China.
One of the most notable changes is Xi Jinping’s effort to pull the Chinese economy away from pollution-heavy industries. Cement, steel, and textile industries are under pressure—they are forced to cut back production and reduce supply.
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Thursday, March 08, 2018
It’s an Ugly Picture If You Are Looking for Value in Stocks / Stock-Markets / Stock Market Valuations
By Patrick Watson : The long-awaited Strategic Investment Conference 2018 kicked off with a keynote from David Rosenberg of Gluskin Sheff titled, “Year of the Dog: Will It Bark or Bite?” (Spoiler: The answer is “bite.”)
Rosenberg began by running through a list of his own metrics: forward P/E, price/sales, price/book value, enterprise value/EBITDA. All of them point to record-high valuations.
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Thursday, March 08, 2018
Stock Market Shrugs Off Trade War Fears, But Will It Go Higher? / Stock-Markets / Stock Markets 2018
Stocks closed virtually flat on Wednesday, despite Tuesday's potentially negative resignation of Gary Cohn, the head of President’s National Economic Council. It heightened trade war fears. The market opened lower, but it reversed its intraday downtrend, as investors used the opportunity to buy stocks. The S&P 500 index extended its short-term consolidation following Friday's bounce and Monday's advance. Will it break higher today?
Wednesday's trading session was overall bullish, as the main stock market indexes closed between -0.3% and +0.3% vs. their Tuesday's closing prices following much lower opening in reaction to Gary Cohn's resignation's news. The S&P 500 index closed virtually flat after bouncing off support level at 2,700. It currently trades around 5% below January 26 record high of 2,872.87. The Dow Jones Industrial Average lost 0.3%, and the technology Nasdaq Composite gained 0.3% on Wednesday.
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Thursday, March 08, 2018
Gold – Early Stage Of A Secular Bear Market / Commodities / Gold and Silver 2018
Long Term Elliott Wave Analysis
Gold probably shows a complete pattern of supercycle degree into 2011. Its first spike appeared during the US civil war. We interpret that as cycle wave I. The subsequent period shows a correction that lasted for half of a century. It fits the character of a complex sideways correction. It ended roughly at the same time as the US economy started growing from the Great Depression. The subsequent sharp rise took once again half of a century. This was the steepest portion of the recorded gold price progress. Therefore, we are dealing here probably with a third wave. The subsequent fourth wave correction took 20 years and shows a zig-zag pattern with a B-wave triangle. This fits neatly into Elliott’s alternation guidelines regarding a complex second wave. Gold prices took off around the new millennium once again. They came to a stop in 2011. The fifth wave shows roughly equidistant progress to the first wave. We call it complete as long as we do not record a fading 3-wave drop from the top.
Thursday, March 08, 2018
Gold Stocks & Silver Oversold but Not Gold Price / Commodities / Gold and Silver Stocks 2018
The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving averages and at the lower end of their ranges over the past 12 months. That certainly provides an opportunity but these markets may not truly perform until Gold is ready to breakout.
Bullish Silver commentaries (because of its CoT) have been making the rounds and I don’t disagree. In the chart below we plot the net speculative position as a percentage of open interest. It is at 7.4%, which is the lowest reading in nearly three years. Interestingly, the daily sentiment index for Silver is not at an extreme. Its at 40% bulls. Technically, Silver is wedged in between support and resistance. A break does not appear imminent.
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Thursday, March 08, 2018
Benefits of Using Same Day Loans In Emergencies / Personal_Finance / Debt & Loans
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Thursday, March 08, 2018
Permanent Life Insurance: Is it a Waste of Money or a Valuable Investment? / Personal_Finance / Insurance
When it comes to purchasing life insurance as an investment, you've probably heard the saying, “Buy term and invest the difference.” This advice is based on the idea that term life insurance is the best choice for most individuals because it is the least expensive type among the many life insurance options and leaves you with enough money for other investments.
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