Tag Archive: economy

The VIX Will Be Over 100 due to Central Bank Created Tail Risk

2017-02-07

We discuss the manner in which Central Banks have destroyed financial markets, and have the stage for what I label as the Red Swan Event in this video. When the Swiss National Bank holds risky Tech stocks in its portfolio, we are in unchartered territory!

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ECB Assets Rise Above 36 percent Of Eurozone GDP; Draghi Now Owns 10.2 percent Of European Corporate Bonds

2017-01-31

by Tyler Durden

2017-01-31

The ECB's nationalization of the European corporate bond sector continues. In the ECB's latest update, the six central banks acting on behalf of the Euro system provided an update on the list of corporate bonds they bought. They bought into 810 issuances with a total of €573bn in amount outstanding.

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Switzerland’s Gold Exports To China Surge To 158 Tons In December

2017-01-28

by Mark O'Byrne

2017-01-28

Silk Road Gold Demand, India Imports, Turkey Imports, Russian Reserves, China SGE Withdrawals

Switzerland's Gold Exports To China Surge To 158 Tonnes In December. Switzerland's gold bullion exports to China saw a huge jump in December, climbing to 158 tons versus a much lower 30.6 tons in November - a jump of 416%.

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Europe Proposes “Restrictions On Payments In Cash”

2017-01-27

by Tyler Durden

2017-01-27

Having discontinued its production of EUR500 banknotes, it appears Europe is charging towards the utopian dream of a cashless society. Just days after Davos' elites discussed why the world needs to "get rid of currency," the European Commission has introduced a proposal enforcing "restrictions on payments in cash.

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80 percent Of Central Banks Plan To Buy More Stocks

2017-01-24

by Tyler Durden

2017-01-24

Central banks foreign-exchange reserves, Global debt

Regular readers remember how, when we first reported around the time of our launch eight years ago that central banks buy stocks, intervene and prop up markets, and generally manipulate equities in order to maintain confidence in a collapsing system, and avoid a liquidation panic and bank runs, it was branded "fake news" by the established financial "kommentariat."

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The US Dollar Is Now Overvalued Against Almost Every Currency In The World

2017-01-24

by Simon Black

2017-01-24

In September 1986, The Economist weekly newspaper published its first-ever “Big Mac Index”. It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world. In theory, the price of a Big Mac in Rio de Janeiro should be the same as a Big Mac in Cairo or Toronto.

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The Psychological Impact Of Loss

2017-01-22

by Lance Roberts

2017-01-22

For the third time in four weeks, the market was closed on Monday due to a holiday. Not only is this week shortened by a holiday, it is also coinciding with the annual Billionaire’s convention in Davos, Switzerland and the Presidential inauguration on Friday. Increased volatility over the next couple of days will certainly not be surprising.

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Davos (According To Donald Trump)

2017-01-21

by Tyler Durden

2017-01-21

Bloomberg's Anne Swardson, Zoe Schneeweiss, and Andre Tartar perfectly summed up the state of play right now during their discussion of the World Economic Forum's annual get-together: "Never before has the gap between Davos Man and the real world yawned so widely."

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Declassified CIA Memos Reveal Probes Into Gold Market Manipulation

2017-01-20

by Smaul gld

2017-01-20

The CIA recently released a series of declassified 1970s memos relating to the gold market and the newly created SDR. These memos give new insight how the CIA viewed the gold market, the perceived manipulation of gold and the potential for the SDR to become a gold substitute in the international monetary system.

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Lagarde Urges Wealth Redistribution To Fight Populism

2017-01-19

by Tyler Durden

2017-01-19

IMF Managing Director Christine Lagarde, Italian Finance Minister Pier Carlo Padoan and Founder, Chairman and Co-CIO of Bridgewater Associates, Ray Dalio

As we scoffed oveernight, who better than a handful of semi, and not so semi, billionaires - perplexed by the populist backlash of the past year - to sit down and discuss among each other how a "squeezed and Angry" middle-class should be fixed. And so it was this morning as IMF Managing Director Christine Lagarde, Italian Finance Minister Pier Carlo Padoan and Founder, Chairman and Co-CIO of Bridgewater Associates, Ray Dalio, espoused on what's...

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While Davos Elites Address Populism, Just “Eight Men Own Same Wealth As Half The World”

2017-01-17

by Joseph Jankowski

2017-01-17

As political and business elite gather at the Swiss ski resort of Davos, a new report is shining light on the shocking reality of the wealth gap between the very rich and poor that is “pull our societies apart.” A report by Oxfam released ahead the World Economic Forum in Davos shows the gap between the ultra-wealthy and the poorest half of the global population is starker than previously thought, with just eight men owning as much wealth as 3.6...

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Davos Elite Eat $40 Hot Dogs While “Struggling For Answers”, Cowering in “Silent Fear”

2017-01-17

by Tyler Durden

2017-01-17

For those unfamiliar with what goes on at the annual January boondoggle at the World Economic Forum in Davos, here is the simple breakdown. Officially, heads of state, captains of industry, prominent academics, philanthropists and a retinue of journalists, celebrities and hangers-on will descend Tuesday on the picturesque alpine village of Davos, Switzerland, for the World Economic Forum.

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Davos: In Defense Of Populism

2017-01-17

by Mike Krieger

2017-01-17

DAVOS MAN: “A soulless man, technocratic, nationless and cultureless, severed from reality. The modern economics that undergirded Davos capitalism is equally soulless, a managerial capitalism that reduces economics to mathematics and separates it from human action and human creativity.” – From the post: “For the Sake of Capitalism, Pepper Spray Davos”

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Neo Feudalism and Basic Income

2017-01-12

by Tyler Durden

2017-01-12

It is difficult to say exactly how, or when, the next collapse will be triggered, but, as SHTFPlan.com's Mac Slavo notes, of course all the conditions are ripe for it. What can be certain is that the technocrats intent on controlling the future are already engineering the post-collapse society.

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Gold Bars Worth $800,000 Owned By Prince

2017-01-11

by GoldCore

2017-01-11

Gold Bars Worth $800,000 Owned By Prince. Prince, RIP, owned gold bars worth just over $800,000 according to the statement filed in a Minnesota court last Friday.

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Trump Is Set To Label China A “Currency Manipulator”: What Happens Then?

2017-01-11

by Tyler Durden

2017-01-11

While China has been banging the nationalist drums in its government-owned tabloids, warning daily of the adverse consequences to the US from either a trade war, or from Trump's violating the "One China" policy, a more tangible concern for deteriorating relations between China and the US is that Trump could, and most likely will, brand China a currency manipulator shortly after taking over the the Oval Office.

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Gold Price In GBP Up 4 percent On Brexit and UK Risks

2017-01-10

by GoldCore

2017-01-10

Gold Price In GBP Rises 4% On Brexit and UK Economy Risks. Pound fell 2% against gold yesterday after Theresa May created Brexit concerns. May's 'Hard Brexit' denial does not calm markets growing fears. Investors concerned about lack of government strategy and uncertainty. UK Prime Minister bizarrely blames media and "those who print things" for sterling depreciation. GBP gold builds on 31% gain in 2016 with 4% gain so far in 2017.

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Risk Reward Analysis for Financial Markets

2017-01-08

by EconMatters

2017-01-08

We focus this video regarding the potential upside for stocks versus the considerable downside risk for investors. All Technical Analysis is flawed and backward looking, it is a Critical Thinking flaw to extrapolate the future from the most recent past. I want to know the next market move, and not still be stuck on the most recent market move. And the most important fact of all is valuations, stocks are in a bubble right now due to Central Banks...

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Basic Income Arrives: Finland To Hand Out Guaranteed Income Of €560 To Lucky Citizens

2017-01-08

by Tyler Durden

2017-01-08

Just over a year ago, we reported that in what was set to be a pilot experiment in "universal basic income", Finland would become the first nation to hand out "helicopter money" in the form of cash directly to a select group of citizens.

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Gold Rises In All Currencies In 2016 – 9 percent In USD, 13 percent In EUR and 31.5 percent In GBP

2017-01-06

by GoldCore

2017-01-06

Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY. Gold gains in CNY, INR & most emerging market currencies. Gold surges 31.5% in British pounds after Brexit shock. Gold acted as hedge and safe haven in 2016 … for those who need safe haven. Furthers signs of market having bottomed and bodes well for 2017. What drivers will gold respond to in 2017? EU elections and contagion risk, Geo-politics, terrorism, war and cyber war. Outlook for gold good...

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