by Szu Ping Chan
Telegraph.co.uk
The world is sleepwalking into a fresh crisis as investors start to lose faith in policymakers’ ability to revive the global economy, according to the International Monetary Fund.
In its bluntest warning to date on the costs of policy inaction, the IMF said “financial and economic stagnation” could take hold unless governments prevented a “pernicious feedback loop of fragile confidence, weaker growth, low inflation and rising debt burdens” from forming.
José Viñals, the head of the IMF’s financial stability division, said a prolonged slowdown could knock around 4pc off global output relative to current expectations over the next five years amid repeated bouts of market turmoil.
A record $8 billion intervention by Brazil’s central bank couldn’t keep the real from climbing to the highest level since August amid bets that president Dilma Rousseff will be impeached.
Yesterday we went over the state of the world and if you read the article you’ll find it’s not good. In fact, it’s downright disastrous. There are defaults and impending collapses all over the place, from China to Europe to South America and beyond.
Top Chinese banks, alongside Standard Chartered and ANZ, will be among 18 members to join a new yuan-denominated gold benchmark that signals China’s biggest step towards becoming a price-setter for the metal.
Among the goodies: “reverse Yankee” landmines.
Look, I know you’ve got a lot going on. Keeping track of all the events in your own country is hard enough. However, The New Cold War and represents a serious threat to all of us and you simply must find a way to keep yourself abreast of the situation. To that end, we’ve been linking these podcasts for over two years now. Please make the time to listen each week.
Inflation-adjusted federal tax revenues hit a record $1.48 trillion for the first half of fiscal year 2016, but the federal government still ran a $461 billion deficit during that time, according to the latest monthly Treasury Department statement.
[…] Hillary Clinton is proving to be the “teflon candidate.” In her campaign for the Democratic presidential nomination, she has escaped damage from major scandals, any one of which would destroy a politician. Hillary has accepted massive bribes in the form of speaking fees from financial organizations and corporations. She is under investigation for misuse of classified data, an offense for which a number of whistleblowers are in prison. Hillary has survived the bombing of Libya, her creation of a failed Libyan state that is today a major source of terrorist jihadists, and the Benghazi controversy. She has survived charges that as Secretary of State she arranged favors for foreign interests in exchange for donations to the Clintons’ foundation. And, of course, there is a long list of previous scandals: Whitewater, Travelgate, Filegate. Diana Johnstone’s book, Queen of Chaos, describes Hillary Clinton as “the top salesperson for the ruling oligarchy.”
While we still do not have a long term confirmed bottom in the metals complex just yet, the price action is quite indicative of a very bullish market. You see, when the metals are truly in a bullish trend, they do not see deep retracements, which forces market participants to chase price, as most corrections are simply high level price consolidations. This is starting to look like what we are seeing in the GLD and GDX.
Buy gold is the call of HSBC technical analysts who are becoming increasingly bullish on gold and increasingly bearish on stocks as reported by Business Insider.
With the Dow surging along with the dollar, today 3 veterans share crucial updates on major markets.
Financial privacy is dead.
Options Expiration Ante Portas – Just as a Resistance Level is Reached
The worst oil bear market in history appears to be coming to a chaotic end…
Good Day… And a Wonderful Wednesday to you! I’ve had an awful morning, with all kinds of problems, from modem problems to stomach problems, it just doesn’t get any better than this folks! So…. This is going to be short-n-sweet today, sorry, but my heart just isn’t into writing and using my brain this morning… They say that you get what you pay for, right? Wink, wink… Graham Nash greets me this morning with his song: Military Madness, which is a song that used to play on the piano, which means it’s easy to play! HA! Alex, who has mastered the guitar, is learning how to play the piano now. I love to hear him playing on our piano when he comes home..
Most US companies will report earnings this month, and most analysts think the results will depressing.
Former frontline CIA Officer Scott Uehlinger says Hillary Clinton clearly broke the law with her private unprotected server. Uehlinger explains, “What the Clintons rely on is most Americans don’t really understand the security procedures. So, they can throw up a lot of smoke and mirrors that confuses people and makes them think that this was not so much of a problem. But people in the military and people in the intelligence community understand this better, and certainly it is even worse than it appears. . . . The fact that she set up a private server, in and of itself, means she is guilty of a felony right there. Obviously, by having a private server, she was conspiring to evade her signed sworn statements that she would uphold secrecy agreements. The fact that she simply established that (private server) regardless of what was on it, she intended to go around and circumvent the law. Now, we had more than 100 highly classified emails on the server, and the fact that this server is absolutely vulnerable to any Chinese, Russian or Iranian hacking, this is the greatest disaster or mishandling of classified information at the upper levels of the U.S. government in history. There is no question about it.”
After three decades of epic deficit spending and three years of extraordinary money creation, Japan’s economy is enjoying a rollicking inflationary boom. Just kidding. Exactly the opposite is happening:
The American public deserves the opportunity to vote for Sanders, Trump, and whatever hacks the two elitist war parties select.