China Stabilizes, Stocks And Bonds Sigh In Relief
Fears of a quick sharp devaluation of the Chinese yuan, disrupting the global economy, sparking a currency war, have eased. For the second session, the yuan stabilized. The central reference rate (fix) was CNY6.3969, having finished the Shanghai session before the weekend at CNY6.3912. The fix then was CNY6.3975. While the oil downtrend is continuing today, […]
Greeks Flock To Grassroots Alternative Currencies In Affront To Euro Debt Slavery
Necessity is the mother of invention. When Christos Papaioannou noticed his car needed new tires, the Greek computer engineer bought them with euros—but used an alternative currency, called TEM, to pay his mechanic for the labor. His country has avoided a catastrophic exit from the common currency, at least for now. But a small but growing number of […]
Yuan Devaluation Swirls Markets
Yuan devaluated heavily following weak Chinese export data Flight to safety temporarily sends U.S. 10 year bond yield to lowest level since April Gold prices surge to highest in over three weeks Investors flee Emerging Markets, leading to depreciation in E.M. currencies Equity records significant losses by mid-week, though U.S. markets see some recovery July’s […]
Income Inequality: Race And Gender Issues
Introduction Here we analyse the evolution of two specific features of gender dependent personal income for three races in U.S. population: white, black and Hispanic. Our analysis includes extensive processing of actual data and theoretical consideration at the microeconomic level. In contrast to all other studies of income inequality we quantitatively predict individual incomes in a given […]
USDJPY: Susceptible, Faces Corrective Weakness Risk
USDJPY: Having capped its strength at the 1.2506 level to close marginally higher the past week, further corrective weakness is envisaged. On the upside, resistance resides at the 124.50 level with a turn above here aiming at the 125.00 level. A break will target the 125.50 level. Further out, resistance comes in at the 126.00 […]
Will IMF Help Athens Pay Its Debts?
Eurozone finance ministers gave the green light to an 85 billion euro bailout for Greece on Friday, an indication interpreted by some lawmakers as a definite sign that Greece is interested in remaining a member of the euro area. The bailout approval came about despite the growing resistance within Alexis Tsipras’ Syriza party as well […]
Currency Wars Take The Spotlight As Stock Investors Must Gauge Which News Is Relevant
Much ado was made of China’s surprise 3% devaluation of their currency last week. But keep in mind, the yuan is pegged to the dollar, and with the dollar so strong, every major floating currency and commodity is down a lot more than that. Deflation is now a real threat. Then, there is the suddenly […]
The Dollar Rally – From The Japanese Perspective
The Japanese yen has peaked against the dollar. The dollar in fact elected a yearly bullish reversal at the end of 2014. This is yet another confirmation that we are facing a strong dollar ahead ushering in this age of deflation, which should start to hit in the USA after October. This is impacting everything not the least […]
How The Wall Street Ponzi Works – The Stock Pumping Swindle Behind Four Retail Zombies
In the nearby column Jim Quinn debunks Wall Street’s latest claim that the American consumer is bounding back. He points out that on an inflation-adjusted basis retail sales are still barely higher than the were a year ago, and, for that matter, are only 4% higher in real terms than they were way back in November 2007. That’s right. Nearly eight years […]
82% Of Economists Expect September Rate Hike… It’s Not Such A Sure Thing
As we get closer and closer to the month of September, the discussions with regard to the Federal Reserve’s interest rate is coming up more and more. While no one knows exactly when the Fed is going to raise rates, we’ve seen quite a few predictions recently. As a matter of fact, a recent Fortune poll shows […]
