Apologies for how overdue this document is.. precious precious time is always the problem.. and the older i get the more i realize just how precious it is.. Wrinkles are appearing where there were none before and this has encouraged me to be more careful with my investment of this precious resource. So i hope …
Continue reading “2011 Investment and Trading Performance Review..”
The battle continues. In spite of all the inflationary juice the world’s central banks are pouring into asset markets the world wide the debt deleveraging 1000 pound gorilla is back in town and has started to hit asset markets into touch here. Only a massive increase beyond the existing massive increases in central bank balancesheets …
Continue reading “The Deflationary Gorilla Vs The World’s Inflationary Central Banks cont..”
We have had rumour on top of rumour. Central banks took action to liquify the system through their collateralized swap loans, equity markets were over sold and we recorded one of the best weeks for asset prices in years. Markets have risen nicely to resistances and tomorrow the euro meetings start. The good news is …
This is a wonderful story that i had to post up. Gideon Gono, the infamous Governor of the Central Bank of Zimbabwe, is worried about the US dollar it seems. From 2010 he has pegged his country’s currency to the dollar. He is interpretting recent events re the continued printing of money and debt monetizations …
Continue reading “Central Bank of Zimbabwe Governor “Worried About the US Dollar””
Short term at over bought levels (and price resistances). UBS expects another few percentage points on the basis of the xmas rally before the cyclical bear resumes. In spite of the mildly bullish call UBS declares selling into strength the better move at this point – which, in my opinion, is the correct move due …
Continue reading “Weekly Technical Update.. (Inc Janjuah Interview)”
Following the central bank’s actions last Tuesday its been right to wait and see how prices of the different asset classes have reacted to the intervensions before commenting and taking too many actions. On the news last week, it was correct to add risk via reducing the hedging shorts and adding a few euros. The …
I dont have time now to comment fully now but the latest central bank action represents massive intervension in the fx markets. http://www.bloomberg.com/news/2011-11-29/stock-futures-in-u-s-decline-after-bank-ratings-cut-by-standard-poor-s.html In summary its clear signal to market participants that no cash is safe. That central banks will be willing to accept overseas soverign debt junk (ie euro debt) as acceptable collateral for …
Continue reading “Central Banks Swaps Lines Attempt to Re-set Pro Risk Rally”
Where to start.. Firstly, apologies for not posting sooner. I will post some technical charts up after this brief comment. France, Germany and Italy made a joint statement out of Frankfurt today that the ECB will remain independent and that there would be no undue pressure from sovereign states to enforce the ECB to monetize …
Continue reading “Summary Its a Bacon Slicer – ‘We Are All Doomed But Some Less Than Others’”
As previously noted here, the ‘final solution’ re Europe’s debt deleveraging must come from either the ECB and or IMF. It should come as no surprise then that Euro officials are working along side the IMF to work around the ECB non monetization of debt legal constraints. Last night the IMF Head of European matters …
A personal story extracted from swissmetalassets.com link provided below. In 1976 Mexico devalued her peso vs the US$ by 50% “Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight. The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they …
Continue reading “Monetary History – The Day After the 1976 Peso Devaluation…”
We cannot know how effective the debt monetization will be and therefore the degree of inflation and financial repression that will be called for. We can be 99% certain that the money printers will do all they can to implement the financial repression model as far as the eye can see in an attempt to …
Continue reading “Stocks to Outperform Cash by, at least, 460%. Dow Target 61846”
As discussed previously, we are getting ever closer to massive debt monetization by central banks and or the IMF due to the ever worsening fiscal position of ‘developed world’ sovereign entities. It seems to me a reminder for us all on the history and theory from specialists in the area would be useful here and …
Continue reading “The Sovereign Debt Default Process.. Dc.Marc Faber”