Tag Archive: India
Bitcoin Fork, Hyped ICOs – Immutable Gold and Silver
Latest developments show risks in crypto currencies. Confusion as bitcoin may split tomorrow. SEC stepped into express concern over ICOs. ICOs have so far raised $1.2 billion in 2017. ICOs preying on lack of understanding from investors. Physical gold not vulnerable to technological risk. Beauty and safety in simplicity of gold and silver.
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Winning: U.S. Crushes All Other Countries In Latest Obesity Study
When President Trump promised last fall that under a Trump administration America would "would win so much you'll get tired of winning," we suspect this is not what he had in mind. According to the latest international obesity study from the Organization For Economic Co-operation and Development (OECD), America is by far the fattest nation in the world with just over 38% of the adult population considered 'obese.'
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A Problem Emerges: Central Banks Injected A Record $1 Trillion In 2017… It’s Not Enough
Two weeks ago Bank of America caused a stir when it calculated that central banks (mostly the ECB & BoJ) have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, "the largest CB buying on record."
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These Are The Most Expensive (And Best) Cities Around The World
Every year Deutsche Bank releases its fascinating index of real-time prices around the world which looks at the cost of goods and services from a purchase-price parity basis, to determine the most expensive - and in this year's edition, best - cities. As have done on several occasions in the past, we traditionally focus on one specific subindex: the cost of & cheap dates in the world's top cities.
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FX Daily, March 14: Brexit Takes Fresh Toll on Sterling, While Dollar Firms more Broadly
UK Prime Minister May got the parliamentary approval the courts ruled was necessary to formally trigger Article 50. It is not clear what UK she will lead out the EU. Scotland is beginning the legal proceedings to hold another referendum on independence. There is some talk that Northern Ireland, which voted to remain, might be allowed to rejoin the Republic of Ireland.
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Nomi Prins’ Political-Financial Road Map For 2017
As tumultuous as last year was from a global political perspective on the back of a rocky start market-wise, 2017 will be much more so. The central bank subsidization of the financial system (especially in the US and Europe) that began with the Fed invoking zero interest rate policy in 2008, gave way to international distrust of the enabling status quo that unfolded in different ways across the planet.
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Money, Markets, & Mayhem – What To Expect In The Year Ahead
If you thought 2016 was full of market maelstroms and geopolitical gotchas, 2017's 'known unknowns' suggest a year of more mayhem awaits... Here's a selection of key events in the year ahead (and links to Bloomberg's quick-takes on each).
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“This Is Total Chaos” – Venezuela Shuts Colombia Border To Stop “Mafia” Currency Smuggling
As if things were not already chaotic enough in the socialist utopia of Venezuela, following President Nicolas Maduro's decision to follow Indian PM Modi's playbook and announce that the nation's largest denomination bill (100-Bolivars - worth around 3c) will be pulled from circulation in 72 hours, he has tonight closed the border to Colombia to crackdown on currency smuggling by so-called "mafias".
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Net National Savings Rate, the Best Alternative Indicator to GDP Growth
For us the Net National Savings Rate is the best alternative indictator to GDP growth. It is positively correlated with the change in wealth, with the establishment of future productive capacity, the price of government bonds and currency valuations. But today GDP growth is often negatively correlated to the Net Savings Rate. Hence GDP is often a less useful measure.
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The War On Cash Is Happening Faster Than We Could Have Imagined
It’s happening faster than we could have ever imagined. Every time we turn around, it seems, there’s another major assault in the War on Cash. India is the most notable recent example– the embarrassing debacle a few weeks ago in which the government, overnight, “demonetized” its two largest denominations of cash, leaving an entire nation in chaos.
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