Traders Are Greatly Rotating From USD To Gold

“It would appear that between the fears of a government shutdown and the battle over the ‘full faith and credit’ of the US, traders have decided that the stroke-of-midnight agreement is potentially less viable this time as both parties feel the other has more to lose. The USD is being sold against all majors and […]

Continue reading

Russia, China Hold Large-Scale War Games

“Pentagon intelligence agencies are closely watching Russian and Chinese war games now taking place in Europe and Asia involving tens of thousands of troops. Meanwhile, NATO military forces are set to conduct large-scale maneuvers in November that will be designed to counter growing concerns of a westward Russian military encroachment, according to U.S. officials.”   […]

Continue reading

QE can’t make baby boomers spend more

“The Fed cannot create inflation as long as the postwar generation is paying off mortgages and emerging markets are struggling under huge external debts, says CLSA’s Russell Napier.”   Continue reading on financeasia.com

Continue reading

Gross Says Investors Shouldn’t Trust Moody’s on U.S. AAA Rating

“Investors shouldn’t trust the opinion of Moody’s Investors Service on the U.S.’s Aaa rating and should rely instead on the company’s competitors, according to Pacific Investment Management Co. founder Bill Gross. Moody’s and the U.S. Treasury are one “happy family,” Gross, manager of the world’s biggest bond fund, said today in a post on Twitter. […]

Continue reading

Gold exchange mulled

“Seven local gold futures dealers have proposed the central bank and capital market regulators set up a spot gold exchange to enhance Thailand as a regional gold trading hub. But Kritcharat Hirunyasiri,… ”   Continue reading on bangkokpost.com    

Continue reading

Final Q2 GDP Declines To 2.48%; Misses Expectations

“In a world in which nobody knows anymore if good is good, bad, neutral, or completely irrelevant, today’s final Q2 GDP revision was largely meaningless, although we are confident the algos will somehow take this red flashing headline as a sufficient reason to ignite momentum higher. At 2.48%, the final print was below the expected […]

Continue reading

Continuing Claims Jump Most In 2 Months As Initial Claims Beat For 4th Week

“Despite the last 2 weeks of ‘systems upgrades’ being responsible for lower-than-expected jobless claims data, the smart analysts and strategists had lower expectations to 325k – the lowest in 6 years – and sure enough claims beats expectations and prints 305k (for the 4th week in a row – 2 of them with broken systems).” […]

Continue reading

Deflation, Inflation Both Inevitable Outcome of Fed Actions

“Deflation or inflation? Which lies ahead seems to be the question, as the Federal Reserve Bank continues to inflate, adding to the currency supply at a pace of $85 billion each month. But after blowing a huge bubble, isn’t it eventually liable to pop, deflating?”   Continue reading on wealthcycles.com

Continue reading

Mario Draghi's Nightmare Gets Worse: European Loans Decline At Record Rate

“Back in July we posted “What Keeps Mario Draghi Up At Night, And Why The European Depression Has A Ways To Go [10]” in which we presented “Europe’s annual change in M3, alongside the far more important bank lending to the Euro area private sector. It is the latter which [then had] just dipped to […]

Continue reading

It is the regulators who now pose the biggest threats to financial stability

“Interest rate rigging, customer mis-selling, sanctions busting, money laundering, and suggestions of bribery have cemented the pariah status they earned – so to speak – after triggering the deepest recession since the Great Depression. Labour plans to whack another £800m tax on the industry. The Tories have been happy to raise the bank levy every […]

Continue reading