We are continuing to see a softening of the data rather than falling off a cliff data coming through. Well’s reviews the various reports, provides a snap shot international perspective and a mini tribute to Steve Jobs. WF-Economic-10072011 In my mind we have the ‘natural’ cycle that demands governments and consumers pay down debt and …
Continue reading “Weekly Economic Indicators (WF) – 7th Oct 2011”
We have got the bounce in equities with all those different indexes bang at their supports as indicated. CRB etc.. I have leverage in my main investment account and ‘loaded the boat’ as said in the forum pages. (For clarity i do still have pockets of cash which i will allocate on market opportunities and …
Continue reading “Households Increasingly Allocate Capital to Bonds & Cash”
If you are surprised by this announcement i respectfully suggest you hit yourself firmly in the head and repeat over and over ‘ I am not a sheep, i am not a sheep, i am not sheep’. Rich http://www.marketwatch.com/story/bank-of-england-launches-more-quantitative-easing-2011-10-06-71040?dist=beforebell
http://www.businessinsider.com/italy-announces-higher-taxes-2011-9 http://www.guardian.co.uk/business/2011/sep/16/spain-raises-tax-on-rich http://www.washingtonpost.com/business/economy/obama-proposes-new-taxes-on-wealthy-for-half-of-debt-plan/2011/09/19/gIQATnkNfK_story.html http://www.guardian.co.uk/business/ireland-business-blog-with-lisa-ocarroll/2011/jul/27/property-tax-ireland-poll-tax http://business.financialpost.com/2011/08/24/france-cuts-growth-forecasts-raises-taxes-on-rich/ Name a DM country and you will see initiatives to tax the ‘rich’. Democracies merely rely on the majority verdict. If the majority want to expropriate everything from one or other group they can and often vote it through especially if media services pump the political spin. I flagged this …
Continue reading “‘Tax The Rich’ Is the Developed World’s New Mantra”
1) Corporate debt cheap and getting cheaper. The yield curve is flattening. Healthy corporate debt yields will likely fall alongside Treasury and MBS yields. 2) Corporate earnings to all other asset classes at extreme positive multiples. To cash or near cash companies yields are on multiples of 10 to 15. ie pes of 4 not …
Continue reading “International Equities.. ‘The Only Show in Town’”
Here below the WF weekly economic indicator report. In summary, the data this week mixed but given the very bearish expectations entering the week the data was a little better than expected with a good surprise in US PMI data and durables. Having said this the data continues to be weak but not the ‘off …
Continue reading “Economic Indicators 30th Sept 2011 – WF pdf”
http://uk.reuters.com/article/2011/09/29/uk-mortgage-approvals-idUKTRE78S16A20110929 http://www.marketwatch.com/story/30-year-mortgage-at-record-low-401-2011-09-29-100200?link=MW_home_latest_news And in the Wells Fargo analysis we saw yesterday that US consumer credit has increased mainly due to a mini boom in student credit. http://globalbasic.econoday.com/byshoweventfull.asp?fid=447264&cust=global-basic&year=2011#top Rich
We all hopefully fully understand the difference between the fundamental nos and technical trading issues. In my opinion both elements are important to build an effective multi asset, multi fx investment and trading strategy. Anything less is to subject yourself to immense risk and therefore swings in returns. Happy to expand this discussion in the …
Europe is at her inflection point. Germany must approve super charging the EFSF. She must sanction turning on the monetary monster created May 9th 2010. We have explained and investigated the rise of the euro bond through the EFSF before here: http://www.capitalsynthesis.tech/eurozone-greece-statement/ The EFSF is a new debt issuing entity. Her ‘capital’ is simply debt …
Dr Faber’s track record is really something. Here on Reuters from the 22nd summing up the history and forward perspectives perfectly for us. “Globally something is awfully wrong”. http://insider.thomsonreuters.com/link.html?cn=uidTWASIA&cid=265773&shareToken=MzpkMzJjMDcxNi03YTcyLTQ5YzAtYWEyZC05ZWY4Y2MyZGFiMjU%3D&start=0&end=303 “I think the US dollar will continue to strengthen”. “Meaningful slowdown in the Chinese economy coming. Will it collapse or slow down is a different issue. …
Continue reading “Dr Marc Faber Succinctly Summarizes on Reuters.. 22nd Sept”
US jobless claims rise again this week. Manufacturing PMI data from across the world weakens as world wide inflation continues to surge as all measures of money supply surge upwards. Please join the dots folks. A tsunami of wealth transference has started and is progressively accelerating.. Please be ready and prepared. If you are still …
Continue reading “Today Stagflation, Next Stop Hyper Inflation”