The World’s Super Central Bank, The IMF, moves to Monetize ‘without limits’ via SDRs.
by on Nov 5, 2011 •The G20 sessions have ended without specific agreement. The conclusion of the G-20 meeting granted Internaciona Monetary Fund (IMF) the ‘possibility’ of expanding its resources “without limits”. “I leave here with a permit to expand my resources without ground, without shelter, without limits. The G-20 members have told us they will do everything possible so...
Euro Farce… cont.. (Update – ECB Lowers Rates & Greece Cancels Referendum)
by on Nov 3, 2011 •ECB has just announced it is lowering interest rates.. This is almost entirely due to the ever increasing spread to German bunds we are witnessing in the debt markets. The measure will assist but its no where near enough.. And, better than a soap opera, 48hrs after announcing a Greek referendum on the bailout, its...
45.8m Americans Recieving Food Stamps – A New Record Aug 2011
by on Nov 2, 2011 •GDP apparently increasing as unemployment rises and incomes fall. The latest food stamp data shows an 8.1% increase yoy in the number of Americans receiving food benefits as their incomes are insufficient to feed themselves. Its an interesting two tier system where over half the American population pay no income taxes at all now. http://www.bloomberg.com/news/2011-11-01/u-s-food-stamp-use-reaches-record-45-8-million-usda-says.html...
Weekly Technical Update.. & Comments..
by on Nov 1, 2011 •UBS still insisting the bounce is intact and to buy the dips so long as sp500 cash stays above 1220 on a closing basis. Weekly01-11 Well, we are at 1218 on the sp500 cash now and below this on futures. We are therefore at a key level now which is repeating across currencies and other...
Euro Farse.. Update.. inc Portuguese, Spanish, Italian & French Spreads to Bunds
by on Nov 1, 2011 •The eurocrat’s off balance sheet final solution mIII is rapidly unraveling before our eyes. The implications are unimaginable. There is no off balance sheet financial repression solution without the ECB monetizing debt. The implications of the Chinese offer to lend only yuan to the troubled euro area (EFSF) is clear.. Ie translated ‘we don’t want...
Weekly Economic Data.. 28th Oct..
by on Oct 29, 2011 •An excellent report from WF this week.. the data in the US is mixed but the latest GDP forecasts improved.. (GDP always rises in a positive inflation environment as governments understate inflation and therefore over state GDP growth. The oldest trick in the book of course). Wonderfully WF picks up on the ‘financial repression’ strategy....
‘Equities The Only Show in Town’.. Due to Unlimited Monetary Expansion
by on Oct 27, 2011 •Further to the post from a month ago.. http://www.capitalsynthesis.tech/international-equities-the-only-show-in-town/ Today was not about the European news flow. Today was simply a tiny portion of the wall of capital that is resting in cash and bonds entering the equity markets. Participants in cash are beginning to see the future and that future is all about a...
Debt vs Guarantee – The Latest ‘Off Balance Sheet’ Euro Ponzi Scheme..
by on Oct 27, 2011 •Throughout our history it is said that the most effective ponzi schemes are the ones that no one can understand. If you can present a complex ponzi scheme to an investor that is near panic with fear or greed you will be able to run your ponzi scheme. The scheme works as the goal of...
Precious Metal Break their Ranges.. Another HUI False Dawn?
by on Oct 25, 2011 •Gold and silver both scored parabolic moves in 2011, have the parabolic moves finished or are we about to see a dramatic leg up? We shall soon see guys. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/25_Stephen_Leeb_-_China_Will_Send_Gold_%26_Silver_to_the_Moon.html Today may or may not be the long promised dawn for the pm miners but there have been interesting price moves as the pm metals...
Weekly Technical Comments.. Buy The Dips..
by on Oct 25, 2011 •The UBS team retain their bullishness with the recent ‘melt up’ being consistent with a short squeeze and therefore highly likely that a retrace comes now given the short covering that has occurred as the levels got blown over. This fits with the bearish sentiment in the market we saw before the melt. I also...
‘Euro Farse’ Sat Update – “It was Grim. The worst mood I have ever seen. A complete mess”. The Final Act Moves to Wednesday
by on Oct 22, 2011 •There is no way i can do justice to the issues around the euro at present. To do so would require a small book by way of monetary explanation and discussion. The issues are certainly deep and complex and their resolution or not is even more complex given the twists and turns by the eurocrasts...
Weekly Technical Update.. Short Term Corrective Move Consistent Within Rally
by on Oct 18, 2011 •Report here below.. will update later with, hopefully, more meaningful comments as under time pressure here.. Rich UBSWeekly18-10