logo

FX Daily, March 07: Renewed Threat of Trade War Makes Investors Angry

FX Daily, March 07: Renewed Threat of Trade War Makes Investors Angry
Author: Marc Chandler
Categories: FX Trends

In response to the resignation of one of the few "globalist" advisers in the US Administration, the resignation Cohn has sent ripples through the capital markets. Stocks have been marked down across the world. The prospects of a trade war are also not good for growth and it may be adding to the pressure on yields.

Return of the Market Criers – Precious Metals Supply and Demand

Gold and Silver Prices
Author: Keith Weiner
Categories: Gold and its Price

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

UN’s Geneva staff planning a strike over pay cuts

UN’s Geneva staff planning a strike over pay cuts
Author: Swissinfo
Categories: Swiss Markets and News

Employees of the United Nations in Geneva are planning a half-day strike on Tuesday to protest against wage cuts. The work stoppage would take place during a busy week, with dozens of ministers and officials expected at various events. "We have tried other forms of protest in vain before," said Ian Richards, head of the Staff Coordinating Council at United Nations Office at Geneva, on Sunday. "They left us no choice."

2017 saw upswing in Swiss engineering jobs

2017 saw upswing in Swiss engineering jobs
Author: Swissinfo
Categories: Swiss Markets and News

The Swiss mechanical, electrical and metal industries are recovering, as indicated by increases in turnover and employment. The industry lobby group Swissmemexternal link reported on Thursday that 4,500 additional jobs were generated in 2017 compared to the previous year, taking the industry total to 322,100. In contrast, 12,600 jobs were cut in 2015 and 2016 combined.

Never Mind Volatility: Systemic Risk Is Rising

S&P 500, 2008 - 2018
Author: Charles Hugh Smith
Categories: The United States

So who's holding the hot potato of systemic risk now? Everyone. One of the greatest con jobs of the past 9 years is the status quo's equivalence of risk and volatility: risk = volatility: so if volatility is low, then risk is low. Wrong: volatility once reflected specific short-term aspects of risk, but measures of volatility such as the VIX have been hijacked to generate the illusion that risk is low.

US Stock Market: Conspicuous Similarities with 1929, 1987 and Japan in 1990

S&P 500 Large Cap Index, Apr 2015 - Mar 2018
Author: Dimitri Speck
Categories: Debt and the Fallacies of Paper Money

There are good reasons to suspect that the bull market in US equities has been stretched to the limit. These include inter alia: high fundamental valuation levels, as e.g. illustrated by the Shiller P/E ratio (a.k.a. “CAPE”/ cyclically adjusted P/E); rising interest rates; and the maturity of the advance. Near the end of a bull market cycle there is always the question of when a decline will begin, and above all, how large will it be.