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Seven Suggestions for President-Elect Trump

by Charles Hugh Smith
Of Two Minds

President-Elect Trump, more policy tweaks, more promises of more government free money and more symbolic gestures won’t fix anything.

Though I am just another powerless peon, I’d like to offer seven suggestions to President-Elect Trump and his transition team:

1. Make sure your administration is as diverse as America. No single act will give your enemies more ammo than populating your cabinet and administration with the Usual Suspects: Caucasian elites from Ivy League universities. These privileged “experts” have bankrupted the nation financially, morally and spiritually while enriching themselves and their privileged cronies.

Populate your cabinet and administration with entrepreneurially minded, honest, hard working, forward-looking people who just happen to be African-American, Hispanic-American, Asian-American, female, gay, mixed-race, etc.

Continue Reading at OfTwoMinds.com…

Bond Rout Hits Italy, U.S. Yield Surge Hammers Emerging Markets

by Jamie McGeever
Reuters UK

The global bond market rout continued on Friday, driving up Italian yields and hammering emerging markets as investors feared higher U.S. interest rates under incoming President Donald Trump will spark capital outflows from these assets.

With the U.S. Treasury market closed for Veterans’ Day, the bond selling centred on Europe, with Italy’s benchmark 10-year yield rising to its highest in a year before a key ratings review from Standard & Poor’s later in the day.

This followed a wave of heavy selling across emerging Asian stocks, bonds and currencies as investors bet that Trump’s fiscal policies will be inflationary, push U.S. rates up and drive investors into dollar-based assets.

Continue Reading at UK.Reuters.com…

Dr. Stephen Leeb & Chris Waltzek on GoldSeek Radio – Nov. 10, 2016

by Chris Waltzek
GoldSeek Radio

Dr. Stephen Leeb, best selling author and head of The Complete Investor returns to the show. According to Mexican Billionaire, Hugo Salinas Price, a global deflationary trend could spark a new round of QE by central bankers, worldwide, initiating the next gold rush. The remarkable 25% rally in base metals includes copper, zinc, aluminum, iron ore, etc, and has not yet capture the attention of the mainline punditry. China is emerging as the epicenter of an economic nuclear reaction – the miraculous growth represents an essential opportunity for non-BRICS nations to emulate their success. China leads the world in cryptocurrencies such as Bitcoin / Litecoin and Goldseek.com Radio’s new SilverBit (a silver backed virtual coin). Each SilverBit coin / token represents 1/10th of a silver coin – there are only 21,000 SilverBits, 1,000 times less than BitCoin, increasing hypothetical value.


Click Here to Listen to the Audio

Continue Reading at Radio.GoldSeek.com…

Porter Stansberry’s New “Big Trade”

by Porter Stansberry
International Man

Editor’s Note: Central bankers have gone off the rails trying to stimulate the global economy.

They’ve cut interest rates more than 670 times and “printed” more than $15 trillion since 2008.

These stimulus measures haven’t helped the economy. But they did encourage Corporate America to borrow giant sums of money. According to many key measures, corporate leverage is now dangerously high.

Our friend Porter Stansberry, founder of Stansberry Research, thinks this all going to end very badly. Most people won’t prepare for this. They’ll take heavy losses. But Porter and his team have put together a blockbuster trade that could turn this coming crisis into a huge money-making opportunity.

Continue Reading at InternationalMan.com…

Full Out “Risk On”

by Dan Norcini
Trader Dan

Financial markets are becoming absolutely giddy with delight as they are now firmly looking beyond their “dark night of captivity” to the Obama administration’s growth killing regulatory scheme with all its oppressive mandates to a “new morning” of a business friendly Trump administration.

Wall Street is sensing growth and investors are responding by unceremoniously trash-canning the safe haven or defensive categories of stocks.

Witness the carnage in the Utility sector:

Continue Reading at TraderDan.com…

Bonds Plunge by $1 Trillion This Week as Trump Seen Game Changer

by Lilian Karunungan and Lukanyo Mnyanda
Bloomberg.com

More than $1 trillion was wiped off the value of bonds around the world this week as U.S. President-elect Donald Trump’s policies are seen boosting spending and quickening inflation.

The capitalization of a global bond-market index slid by $450 billion Thursday, a fourth day of declines that pushed the week’s total above $1 trillion for only the second time in two decades, Bank of America Merrill Lynch data show. Global stocks gained $1.3 trillion in the same period. Yields on U.S. 30-year bonds, which are more sensitive than shorter maturities to the outlook for inflation, jumped the most this week since January 2009.

[…] European government bonds extended their selloff Friday, with the yield on Italian 10-year securities climbing above 2 percent for the first time since September 2015, while benchmark German 10-year bunds declined for a fifth day, pushing the yield to the highest since February.

Continue Reading at Bloomberg.com…

Permabears: Don’t Get in the Way of This Rally

by Rick Ackerman
RickAckerman.com

U.S. stocks are headed much higher, impelled chiefly by better business conditions for everyone under a radically new Washington regime. Trump the supposed protectionist is about to rewrite the manual for trade agreements. Forget the high-tariff buzz — he’s going to do deals that everyone will see as win-win. And even before he flushes Obamacare down the toilet, deservedly so, a stroke of the Trump pen will significantly alleviate the crushing burden it has imposed on the small businesses that are the true engine of the U.S. economy.

It’s hard to imagine any individual taking on the press and winning. But Trump’s many detractors are about to be cowed into silence by his successes, and by that of a Congress that will finally be able to get things done.

Continue Reading at RickAckerman.com…

Over Two Million Hillary Supporters Sign Petition to Overturn Election Results

from Zero Hedge

Submitted by Joseph Jankowski via PlanetFreeWill.com,

During the third presidential debate back on October 19, then GOP candidate Donald Trump refused to say that he would honor the results of the Nov. 8 election if he were to be unsuccessful in gaining 270 electoral votes. “I will look at it at the time…. I’ll keep you in suspense,” Trump told moderator Chris Wallace. His rival at the time, Hillary Clinton, called the now president-elect’s response “horrifying,” and throughout the accusation of “talking down our democracy.”

Continue Reading at ZeroHedge.com…

Not Getting It: Michael Moore, Hollande, Merkel, Financial Times, Stephen Colbert

by Mike ‘Mish’ Shedlock
Mish Talk

The parade of politicians and media pundits who are totally clueless about what happened and why is miles long.

Most writers are equally clueless about what to do now and how to react.

Let’s kick of the parade of incorrect, political correctness with a Michael Moore and Stephen Colbert.

Morning After

Documentary film-maker Michael Moore has a Morning After To-Do List that allegedly has gone viral.

Continue Reading at MishTalk.com…

Trump to Create Inflation and Gold Will Rise

by Mark O’Byrne
GoldCore

James Rickards, economic and monetary expert, joined Francine Lacqua on “Bloomberg Surveillance” yesterday to discuss Trump and whether he will be good for markets, the economy and for gold.

Rickards said that Trump’s Presidency , which he predicted, will be good for gold as he will be the ‘Helicopter Money President’ and he will spend dollars on U.S. infrastructure and the U.S. military. This will cause inflation which will benefit gold:

“Trumps individual policies sound attractive. Who does not want better infrastructure? Who does not want better defense?

But when you add them all up, this is going to mean much larger deficits.

Continue Reading at GoldGore.com…

Brexit II

by Gary North
LewRockwell.com

This Presidential election will go into the history books.

Trump has inflicted a huge loss on the American Establishment. At one point, Dow Jones futures were down 900 points. He has inflicted a setback to the New World Order. The New York Times ran an article on this, written early in the morning. Headline: Donald Trump’s Victory Promises to Upend the International Order.

JERUSALEM — Donald J. Trump’s stunning election victory on Tuesday night rippled way beyond the nation’s boundaries, upending an international order that prevailed for decades and raising profound questions about America’s place in the world.For the first time since before World War II, Americans chose a president who promised to reverse the internationalism practiced by predecessors of both parties and to build walls both physical and metaphorical. Mr. Trump’s win foreshadowed an America more focused on its own affairs while leaving the world to take care of itself.

Continue Reading at LewRockwell.com…

In Wake of Trump Rally, Tom Demark Calls for 11% Stock-Market Decline

Dow could first hit 19,000 in next few sessions, technician says

by Mark DeCambre
Market Watch

Prominent chart watcher Tom DeMark predicts that stocks, which have rallied mightily following Donald Trump’s victory in the U.S. presidential election on Tuesday night, are on the verge of peaking and then subsequently tumbling by as much as 11%.

DeMark told MarketWatch, via soon-to-be released research, that he’s forecasting the S&P 500 index to hit 2,213 by next Wednesday, followed by a correction. “Expectation is for U.S. stocks to endure at least 11% decline after top recorded,” he said via email. A correction is typically defined as a drop in an asset of at least 10% from a recent peak.

Continue Reading at MarketWatch.com…

Elizabeth Warren and Bernie Sanders Pledge to Work with Trump on Economic Issues

by Michael Krieger
Liberty Blitzkrieg

Since the article I published earlier today had a more negative tone, I want to end the day on a more positive note. As I explained in yesterday’s piece, I want Trump to be successful because our fellow countrymen and women need him to succeed. This isn’t an episode of Game of Thrones, this is real life and millions of Americans are in deep pain.

In order to be a truly great president, Trump needs to unite as many Americans as possible around his agenda. On the positive front, Elizabeth Warren and Bernie Sanders have both pledged to work with Trump in order to help our less fortunate fellow citizens get back on the right track. I really hope this happens.

As David Sirota highlighted at International Business Times:

Continue Reading at LibertyBlitzkrieg.com…

The Biggest Unanswered Question of This Election

from Casey Research

“How will a Trump presidency affect my money?”

A lot of investors are asking themselves this question. That’s because stocks didn’t do what they were “supposed” to do when Trump won.

Heading into Election Day, basically everyone thought stocks would plunge if Trump beat Hillary. Some of the world’s top investors even predicted this.

But the exact opposite happened. Yesterday, the S&P 500 jumped 1.1%. The Dow Jones Industrial Average gained 1.4%.

Today, the S&P 500 is up another 0.2%. The Dow jumped 1.2% and closed at a new all-time high.

Continue Reading at CaseyResearch.com…

Indian Gold Jewelry Demand Reacts to Prices, Not Vice Versa

by Stefan Wieler
Gold Money

Introduction

For the past weeks the media and gold analysts have pointed to an apparent collapse in Indian gold demand, implying that gold prices are at risk. However, Indian gold demand doesn’t drive prices; rather, prices drive Indian gold demand. When gold portfolio demand in the financial markets increases (as real-interest rates and currency values decline), traditional buyers in the developing markets that buy gold as a form of savings correspondingly have to reduce quantity demanded (but not value demanded). However, India’s decision yesterday to recall all 500 and 1,000 rupee banknotes overnight might mean Indian savers might not be willing to give up their gold savings all that easily, demanding a higher proportion of their own portfolio allocation from yet another relative currency risk.

Continue Reading at Wealth.GoldMoney.com…

All Assets “Bid”: Trump Is the New Market Driver

Precious metals expert Michael Ballanger reflects on the outlook for gold and silver markets as Donald Trump ascends to the presidency.

by Michael J. Ballanger
The Gold Report

With global markets raging higher since the election victory for Donald J. Trump, Wall Street has suddenly embraced the president-elect as the new messiah for returning global growth and propelling risky assets to all-time highs.

In the wee hours, after the election results were finalized, central bank trading desks around the world kicked into action, buying S&P futures and selling bonds, foreign currencies and gold and silver in order to keep the dream alive and avoid a North American “Brexit-style” crash in markets.

Forget Janet Yellen and the Fed; The Donald is now the new poster child for jawboning markets to new heights. He is the new Greenspan, complete with obfuscatory language, vagary of thought, and brashness of assertions.

Continue Reading at TheAuReport.com…

On Those Marijuana Amendments

by Karl Denninger
Market-Ticker.org

Several states passed marijuana-related measures Tuesday night, Florida among them.

For those who live in a place where recreational marijuana passed, congratulations. You now have weed on the same level legally, approximately, as alcohol — so long as you never leave your state with any of it.

But for those (such as Florida) that passed medical marijuana, please be careful.

It’s a fact that many people go get an “excuse prescription” for medical weed. An “excuse prescription” is one for which the justification medically is tenuous at best, and might be complete nonsense. I’m not talking about the kid with epileptic seizures that nothing else helps, or the cancer patient who has zero appetite and horrible pain, both of which are materially improved by using a vaporizer or consuming a weed-laced brownie.

Continue Reading at Market-Ticker.org…

The Looming Bubble in Long-Term Debt

by Mark Tiberius
Mises.org

In the aftermath of the financial crisis of 2007–2009, analysts and prognosticators have constantly argued over the next big bubble. Will it be in auto loans, in equities, government bonds, or even in housing again? However, the biggest risk facing financial markets may be the financial asset duration bubble. Since 2009, large institutions including central banks, sovereign wealth funds, pension funds, and insurance companies have acquired longer-dated assets to achieve needed returns on yield. Years of monetary policy stimulus from the world’s major central banks has suppressed interest rates worldwide to all-time lows. While this may be viewed as a stimulating policy for borrowers, it creates serious issues for financial institutions with required levels of investment returns and with future liabilities.

Continue Reading at Mises.org…