Morgan Stanley warns on Asian debt shock as dollar soars
Debt ratios in developing Asia have surpassed extremes seen just before the East Asian financial crisis blew up in the late 1990s and companies have borrowed unprecedented sums in dollars, leaving the region highly vulnerable to US monetary tightening.
The Hong Kong Warm-Up: China Land Sales Down 50% Y/Y
China may be doing everything in its power to divert attention from the simple fact [...]
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The Russell 2000 & Mid-Cap 400 happened to bottom together in the fall of 2008, ahead of the S&P 500, sending a bullish signal to the broad markets.
Turning the page forward, they both started started reflecting weakness earlier this year after they both hit respective Fibonacci 161% Fibonacci extension levels. Both have been diverging against the S&P 500 for the past few months.
Currently both are making [...]
Euro zone worsens in September. Spain’s recovery is non existent. In the U.S. spending is up but only in auto sales. Real estate continues to decline, pending sales drop. Retail investors are piling into the stock market while institutional investors jump ship. Afghanistan is signing the bilateral security deal to ramp up troops. Russia and UK evacuating citizens from Yemen. U.S. airstrikes in Syria are destroying its infrastructure. Obama says [...]
A well-known market strategist recently said “rational exuberance” is at work in today’s stock market, based on a growing economy and the prospect for strong corporate earnings. But would it surprise you to learn that one of the most famous market crashes in modern history happened after US GDP had expanded for 20 straight quarters?
By Michael Snyder
I know that headline sounds completely outrageous. But it is actually true. The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this. When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months. And as I wrote about recently, the U.S. national debt has increased by more [...]
September 29th, 2014
With all of the variables in play it is impossible to predict the exact moment of the triggering event that will lead to the next stock market crash. But every so often a blaring red siren pops up that is worthy of our attention.
Trend analyst and stock trader Greg Mannarino of Trader’s Choice may have just spotted such a signal. He calls it a possible “banker’s tell” that may [...]
China will begin direct trading between its yuan currency and the euro starting on Tuesday, the national foreign exchange market’s operator said, as Beijing seeks to broaden the unit’s global usage.
The China Foreign Exchange Trade System already offers a platform for yuan-euro transactions but direct trading means the US dollar will not be used as an intermediary currency to calculate rates, according to a statement released Monday.
The market operator [...]
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BOOM: 400 richest Americans now worth $2.3 TRILLION!
New heights for wealthiest 400 Americans, with rankings starting at $1.4bn
Bill Gates was top of the list for the 21st year, with $81.2billion to his name
Newer figures in technology advanced quickly – including Mark Zuckerberg
Facebook founder and CEO was ranked number 10 with $34billion fortune
Top 400 were largely the same people thanks to buoyant stock market
America’s wealthiest are worth more than ever – with [...]
WASHINGTON (Thomson Reuters Foundation) – It is impossible to guess whether world leaders have done enough to bring the Ebola epidemic under control, given the risks that it will spread to countries beyond West Africa, the technology billionaire and philanthropist Bill Gates said on Monday.
Countries should get ready to handle a possible outbreak of the deadly hemorrhagic fever in case it spreads further as people from Liberia, Sierra Leone and [...]
There is nothing like the release of secret tape recordings to clarify an inconclusive debate. I recall that happening with Nixon back in the day. Even as a Washington apprentice I could see that he was a ruthless, power hungry abuser of his office, but much of official Washington just denied it. Then came the tapes. Soon there was no doubt. In short order Nixon was gone.
So now comes the Goldman tapes—-46 hours [...]
by Phoenix Capital Research
There is a saying that you don’t ring bells at the top.
It’s not really true. Every time the market forms a major peak, at least in the last 15 years, there are usually a preponderance of signs of excessive speculation and leverage.
Today we are seeing bells ringing throughout the markets.
For instance, today, we have:
1) Corporate debt is at 2007 peak levels.
2) Investor bullishness is at extremes not [...]
Bubble bubble, toil and global troubles hit stocks
Brazil, Hong Kong, Spain —take your pick. International uncertainty is the order of the day, and it’s spilling over into U.S. markets.
First, exchange-traded funds that serve as emerging market proxies, like the Brazil ETF, are suffering. The iShares MSCI Brazil index is down 4 percent as voter polls over the weekend indicate the incumbent, Dilma Rousseff has only a small lead over [...]
Pending home sales fall 1 percent in August
Fewer listings and an exodus of investors weakened home sales in August.
The number of signed contracts to buy existing homes fell 1 percent in August compared to July and is down 2.2 percent from August of 2013, according to the National Association of Realtors. Analysts had been expecting these so-called pending home sales, a future indicator of closed sales, to remain unchanged [...]
HOUSTON, Texas — Battleground Texas (BGTX) may have failed to take any action regarding the “admission” of an undercover volunteer with BGTX that she had broken multiple election laws, according to a new video investigation by journalist James O’Keefe’s organization Project Veritas. The allegations come on the heels of sting earlier this year that busted BGTX, a group attempting to turn Texas blue, for illegally copying voters’ personal data for campaign purposes.
BY JOHN WARD
The unifying power of a bombing campaign
This went up on Twitter today:
Well now, there’s a surprise: you give IS money to look good among Muslims, I get to bomb them and look good among Americans, and both of us stop Jihadists from controlling the oil. Except that nothing is ever quite that simple. Pay attention: there’s a lot to remember here.
Abu Mohammed al-Maqdisi, the spiritual leader of the [...]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
Stories like these – “Return of the daytrader: can you earn a living by copying other investors?” which the Telegraph ran on Saturday – are priceless:
It promises an irresistible combination of wealth and independence. All you need is a computer and an internet connection – and then you can earn a fortune from the comfort of your home.
This is the lure of financial trading for profit. As [...]
Good morning and welcome to Hong Kong’s live coverage of Occupy Central.
After a night of protesters taking to the streets and sleeping on main roads throughout the city, dawn broke with no sign that the demonstrations would ease off.
There is widespread disruption across the city this morning. Stay tuned for all the breaking news.
10.51am: Alex Mak Ying-kit, a 52-year-old stockbroker, lives in Repulse Bay and works in Sheung Wan. He [...]
“No matter what we do on the ground to try to exercise our rights, if they have that kind of power over us, if they can shut off our water, if they can toxify our air and soils, it’s going to be game over if it continues.” – Dane Wigington
from SGT Report.com:
This may be the most important news I’ve ever shared. I spent one hour with Dane Wigington, founder of [...]
from Silver Doctors:
Gold & silver expert Harvey Organ joins us this week for an explosive and power packed show discussing:
Criminal collusion by the CFTC officials- how CFTC knew what was going on with gold & silver manipulation, and wanted to keep the price suppression game alive while China corners the market
More pain ahead for gold & silver? Why Harvey believes the whacking will continue until the last ounce of gold [...]
NEXT: Daily water allocation per house in California…
You probably know your Social Security number, your driver’s license number and perhaps the latest wrinkle in mattress marketing, your sleep number.
But do you know your drought number?
The latter represents the amount of water you are allowed to use per day. If you don’t know it, you probably should. Not knowing could cost you money. As California’s severe drought moves into a fourth [...]
What happens when the global money printing stops working? Gregory Mannarino of TradersChoice.net says, “War, we are going to global war. This is the next step here. It is the natural progression of where they are taking us now. This new war we have in Syria, and Iraq is going to get much, much worse here.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial analyst/trader Gregory Mannarino.
Dormant (abandoned) accounts
Accounts which are inactive or presumed to be abandoned will be subject to escheat (this means the deposits become the property of the federal government) in accordance with federal law and transferred to the Bank of Canada.
Canberra reaps $360m from inactive bank accounts
Bank of Cyprus’s Bail-in Blues
The Government proposes to implement a ?bail-in? regime for systemically important banks. This regime will be designed to ensure that, in the [...]
Source credit: Dave Hodges, of thecommonsenseshow
Photography credit: Belongs to it’s respective owner(s) and not to me.
ARTICLE LINK: http://www.thecommonsenseshow.com/201…
WATCH THIS VIDEO:
TITLE: Network- I’m Mad as Hell
CREDIT: conserv8 (youtube)
by Phoenix Capital Research
“Buy stocks! It’s a great opportunity! They present great value.”
This is the non-stop mantra espoused on financial media. It’s simply astounding given that
1) Everyone with a modicum of sense knows stocks are in a bubble
2) Financial media viewership is plunging to multi-decade lows (you think they’d consider changing the content?)
Here are a few thoughts no one in the mainstream financial media seems to address.
First of all, corporate [...]
Now, China is the world’s largest economy as the country pokes United States down to second place.
According to World Bank estimates, the change of power takes place on Monday. The economic strength can also give political power.
According to “experts”, China would have become world’s largest economy by 2030. They then changed it to 2025 and 2020… and now according to the World Bank, China will grab the place as the [...]
US citizens are being billed for the national debt, with the costs being passed on to the citizens through unemployment, Obamacare, and more. The curve of financial collapse is mapped out by Larouche democrat, Dennis Small, for us in this excerpt from the Buzzsaw interview hosted by Sean Stone.
Argentina says GDP is improving recession is over. Durable goods plummet. Real estate delinquency’s are on the rise. Obama care website costs 2 billion dollars. FBI is expanding their DNA database. Nigeria has arrested many of the members of Boko Haram. The U.S. staff in Yemen are now leaving. ISIS might move into Iran. U.S. Government building troops in Iraq to occupy Syria. 13,000 troops are on the ready to [...]
Top ambassadors and military brass warned President Obama about the consequences of withdrawing all American troops from Iraq.
MSNBC’s Joy Reid thinks pro-democracy protesters in Hong Kong are mimicking the “Hands up, don’t shoot” pose by those in Ferguson, Missouri. People have been putting their hands up for a long time.
Russia has delivered a behind-the-scenes threat to retaliate if airstrikes carried out by the U.S. or its allies target the regime of Syrian President Bashar al-Assad, Middle Eastern security officials told WND.
The security officials said Russia complained Sunday in quiet talks with United Nations representatives that the Obama administration’s current aerial campaign against Islamic State fighters in Syria is a violation of international agreements regarding control of Syrian airspace.
The officials [...]