A wide ranging and therefore good report from WF today from their weekly international economic commentary. I therefore post it up for weekend reading. The quick summary, the data appears to be softening from Bejing to New York to London. I’m starting to get that all too familiar feeling of “deja vu” here and now. …
Continue reading “Weekly International Economic Indicators Commentary (Care of WF).”
I’ve been making the case for global equities since the 2008/9 financial crisis. Developed world equities have come a long way, more than doubling, since the 2009 lows but does this make them expensive here? Not in my and many other’s opinion (inc GS’s as below). The same recent positive gains cannot be said for …
The Swiss team haven’t changed their minds. They see yesterday’s new highs as a wave 5 of this trend. They still favour a near term pull back sighting the weakness in the cyclical material, industrial and transport stocks as evidence. We can see this recent rally has not carried miners or industrials with it. Other …
Continue reading “Weekly Technical Comments.. “Don’t Chase but S&P 1425 Overshoot Possible””
The UK and US present us with the model for how developed nation’s economic recoveries will play out. Their recoveries are built on the basis of more consumer and government debt funded by increases in taxes and debt monetizations artificially surpressing interest rates to stimulate more consumption and reductions in savings. Wages lag inflation so …
A supplementary trio on the US jobs data…
The ECB now leads the world’s central banks by quite a margin in terms of size and risk of her balance sheet. The ECB’s balancesheet, post LTRO2 has hit a whopping $4trn. It is a dark comedy that the financial crisis of 2008 resulted from Bank’s over inflating their balance sheet exposures. As we can …
Continue reading “The World’s Largest Ever Balance Sheet Exposure – ECB $4trn”
Im out of the may silvers i added a few weeks ago at 33.26. 33.26 is about where i entered a few weeks ago. I made some money on the day of the take down so overall im up but the whole experience has certainly left a bitter taste in the mouth. And so, here …
Yesterday those involved in the silver futures markets were witness to one of the greatest market manipulations of recent years. There have been so many different market manipulations that it takes some doing to claim this accolade. At just before 10am US Est some participants started dumping paper silver on to the US futures market. …
Continue reading “The Great Silver Manipulation – 29th of Feb 2012”
We remain a little overbought here but equities have rotated and worked off a little of the over bought momentum. Here the main SP500 index: We have come a long very quickly so logic tells you a correction should occur here. We (inc many commentators) have been expecting a minor pull back for the last …
Continue reading “Macro Monetary, Economic & Market Comments..”
Ok, this week im going to cheat just a little by providing four charts.. The effect of providing four charts hints at my narrative behind the four but we are all grown ups here. I’ll leave you to draw your own conclusions as to what is occuring here. Rich