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by Phoenix Capital Research
Japan is the ultimate basket case for monetization. The country buys its own bonds, stocks, ETFs, foreign bonds, even REITs. All in all, the country has spent over 20% of its GDP in QE… and its economy continues to slow. And yet, despite its complete, abject failure to produce any significant pick up in economy activity or employment via these policies, the Bank of Japan has decided to [...] The price of oil soared to a five-month high today as traders welcomed a dramatic new plan in the U.S. to save the economy. The Federal Reserve, America’s central bank, will pump a mammoth £25billion a month into markets by buying mortgage debt, and won’t stop until the policy shows signs of working. The Fed also said it would hold interest rates close to zero ‘at least through mid-2015’ having previously said [...] From FT: Sunoco petrol stations are a fixture of the US eastern seaboard, their blue-and-yellow awnings touting the brand’s status as official fuel of Nascar racing. But after July, none of the petrol they sell will actually be made by Sunoco. The 126-year-old company’s decision to quit the refining business is the latest sign of the tumult in downstream fuel markets that is accompanying a global shift in oil use. As consumption flags [...] Also UK government announces as part of its austerity measures drive for the masses, it shall increase taxation on fuel in August pushing it at least 3p per litre higher: Petrol prices have hit another record, according to industry analysts Experian Catalist. The average price of a litre of unleaded petrol hit 140.20 pence. Higher oil prices, driven by concerns about Iran, have been behind the rising price of fuel. Crude oil [...] From FT:
The recent payroll gains and the declining unemployment rate in the United States have raised hopes that the economy will now start growing faster than the tepid 1.7 per cent rate of last year. Optimists are expecting growth rates as high as three per cent for this year and next. I hope they are correct. The recession that began in December 2007 was deep and painful and the recovery that began in [...] The price of diesel has hit a new high, at 143.05 pence a litre, figures have suggested. The Retail Motor Industry (RMI) says the figures, from the analysts Experian Catalist, are a “disaster for motorists”. RMI Petrol Chairman Brian Madderson said it put the livelihoods of hundreds of fuel retailers at risk. The previous high was 143.04p, in May 2011, at the height of the “Arab spring”. Motoring organisation the AA said the [...] By Toby Harnden US politics Last updated: July 3rd, 2011 The Stars and Stripes flying in Beaufort, South Carolina. Photo: Toby Harnden NEWS REVIEW: America’s deepening recession and widespread pessimism about the country’s prospects add a bitter note to Independence Day, reports Toby Harnden, US Editor. Across America today, people will gather for barbecues in their backyards, parades through their towns and firework displays lighting up the night sky. They’ll be celebrating Independence [...] The Stars and Stripes flying in Beaufort, South Carolina. Photo: Toby Harnden NEWS REVIEW: America’s deepening recession and widespread pessimism about the country’s prospects add a bitter note to Independence Day, reports Toby Harnden, US Editor. Across America today, people will gather for barbecues in their backyards, parades through their towns and firework displays lighting up the night sky. They’ll be celebrating Independence Day – the birthday of the United [...] From GoldCore India, Indonesia, China and Wider Asia Buy Physical Gold and Silver on Dip as Stagflation Threatens Gold and silver have extended their recovery and may be headed for the fourth day of gains due to the continuing European sovereign debt crisis, Chinese inflation (+5.3%) and the real risk that rising oil and commodity prices are leading to an inflation spiral internationally and stagflation. Cross Currency Rates German [...] US becomes net exporter of fuel – The US has become a net exporter of fuel for the first time for nearly 20 years as drivers struggle with high petrol prices. Energy department data show the world’s largest oil consumer in February shipped out 54,000 barrels more petroleum products each day than it purchased on the global market After a five-year decline in net imports, the [...] With the price of gasoline at the pump in the UK, which also levies a large amount of tax, which the government has recently yet again increased as part of its austerity measures, rising above £2 ($3.20) a litre, or £9.10 ($14.56) a gallon: Soaring petrol prices could reach £2 a litre if the situation in Libya and other oil-producing nations in the region worsens, the [...] by LFM the rocketing price of food and fuel is hitting the poorest hardest and causing rioting and unrest. In UK we have the highest gasoline at the pump prices on record and that’s well exceeding the price when oil reached its previous spike in 2008, also pushed higher by UK government policy of increasing taxes to help sustain its quantitative easing money given to banksters and to even try to [...] |
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