Best of the Week
Most Popular
1.Bitcoin War Begins – Bitcoin Cash Rises 50% While Bitcoin Drops $1,000 In 24 Hours - Jeff_Berwick
2.Fragile Stock Market Bull in a China Shop -James_Quinn
3.Sheffield Leafy Suburbs Tree Felling's Triggering House Prices CRASH! - Nadeem_Walayat
4.Bank of England Hikes UK Interest Rates 100%, Reversing BREXIT PANIC Cut! - Nadeem_Walayat
5.Government Finances and Gold - Cautionary Tale told in Four Charts - Michael_J_Kosares
6.Gold Stocks Winter Rally - Zeal_LLC
7.The Stock Market- From Here to Infinity? - Plunger
8.Ethereum (ETH/USD) – bullish breakout of large symmetrical triangle looks to be getting closer - MarketsToday
9.Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom - Stewart_Dougherty
10.Finally, The Fall Of The House Of Saud - Jim_Willie_CB
Last 7 days
Some Traders Hit. Some Traders Miss. Here's How to be Part of the 1st Group - 22nd Nov 17
Geopolitical Risk Highest “In Four Decades” – Global Gold Demand to Remain Robust - 22nd Nov 17
Relationship between Crude Oil Price and Oil Stocks - 22nd Nov 17
Harry Dent’s Gold Prediction Invalidated - 22nd Nov 17
Gold Sector is On a Long-term Buy Signal - 21st Nov 17
Saudi Arabia and Israeli Alliance Targets Iran - 21st Nov 17
What History Says for Gold Stocks in 2018-2019 - 21st Nov 17
US Bond Market Operation Twist by Another Name and Method? - 21st Nov 17
Learning from Money Supply of the 1980s: The Power and Irony of “MDuh” - 20th Nov 17
Trump’s Asia Strategy, Goals and Realities - 20th Nov 17
Crude Oil – General Market Link - 20th Nov 17
Bitcoin Price Blasts Through $8,000… In Zimbabwe Tops $13,500 As Mugabe Regime Crumbles - 20th Nov 17
Stock Market More Correction Ahead? - 19th Nov 17
Universal Credits Christmas Scrooge Nightmare for Weekly Pay Recipients - 18th Nov 17
Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom - 18th Nov 17
Facebook Traders: Tech Giant + Technical Analysis = Thumbs Up - 18th Nov 17
Games Betting System For NCAA Basketball Sports Betting - Know Your Betting Limits - 18th Nov 17
Universal Credit Doomsday for Tax Credits Cash ISA Savers, Here's What to Do - 18th Nov 17
Gold Mining Stocks Fundamentals Q3 2017 - 17th Nov 17
The Social Security Inflation Lag Calendar - Partial Indexing - 17th Nov 17
Mystery of Inflation and Gold - 17th Nov 17
Stock Market Ready To Pull The Rug Out From Under You! - 17th Nov 17
Crude Oil – Gold Link in November 2017 - 17th Nov 17
Play Free Online Games and Save Money Free Virtual Online Games - 17th Nov 17
Stock Market Crash Omens & Predictions: Another Day Another Lie - 16th Nov 17
Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe - 16th Nov 17
Announcing Free Trader's Workshop: Battle-Tested Tools to Boost Your Trading Confidence - 16th Nov 17
Instructions to Stop a Dispossession Home Sale and How to Purchase Astutely at Abandonment Home - 16th Nov 17
Trump’s Asia Tour: From Old Conflicts to New Prospects - 16th Nov 17
Bonds And Stocks Will Crash Together In The Next Crisis (Meanwhile, Bond Yields Are Going Up) - 16th Nov 17
A Generational Reset That Will Redistribute Wealth to the Bottom 60% Is Near - 16th Nov 17
Ethereum (ETH/USD) – bullish breakout of large symmetrical triangle looks to be getting closer - 16th Nov 17
Gold’s Long-term Analogies - 16th Nov 17

Market Oracle FREE Newsletter

Traders Workshop

Stock Market Gloom and Doom

Stock-Markets / Stock Markets 2016 Jan 28, 2016 - 05:10 PM GMT

By: Stephen_Lendman

Stock-Markets

Sharply lower global equity markets since last August reflect years of Fed-led central banks’ money printing madness, running headlong into economic contraction and instability.

China when thriving is a key engine of world economic growth, a depressant when declining. Official numbers conceal how much, at best a small fraction of its earlier annual double-digit increases.


Its plunging equity markets are flashing red on near-and-perhaps longer-term growth prospects.

Noted Gloom, Boom & Doom editor Marc Faber sees grim prospects ahead, saying “I can’t see another bull market in my lifetime.” He’s 69-years-old.

Former PIMCO CEO, current Allianz Capital Partners chief economic advisor Mohanmed El-Arian believes markets are in full-scale contagion, central banks out of ammunition to revive things.

Noted hedge fund investor Ray Dalio says the debt super-cycle of the last 50 -75 years is ending - along with the short-term one usually lasting 8 - 10 years.

In Davos at the World Economic Forum, George Soros said “China has a major adjustment problem. I would say it amounts to a crisis.”

“When I look at the financial markets, there is a serious challenge which reminds of the crisis we had in 2008.”

Low oil prices reflect weak demand and oversupply. On Thursday, crude prices surged, following a rumor about OPEC considering a possible 5% production cut.

Some member states aren’t aware of a meeting to discuss it. Saudi Arabia has been hardline on maintaining current levels.

Mixed reports about Russia surfaced. Tass reported its Energy Minister Alexander Novak’s readiness to cooperate with OPEC in discussing a possible production cut, saying:

“Currently the OPEC member-states are trying to convene a meeting with participation of other OPEC (member-states) and non-(member-states) in February.”

“Certain countries have come forward with this initiative. Currently the issue is being worked out with the countries. On our part, we’ve confirmed our potential participation in such a meeting.”

“There's been an invitation to meet at the ministerial level. In fact, there is no final agreement yet.”

“It will be held at the ministerial level if all ministers confirm (their participation), and in case they don’t, (the meeting will be held) at the level of experts.”

When last discussed, discussion focused on all oil-producing countries cutting output by 5%. The idea was rejected.

An unnamed senior Russian official said “(t)here are not any measures on possibly cutting production being discussed now.”

A second unnamed senior Russian source said it’s “impossible to coordinate the process and stop production in Russia.”

Moscow holds regular discussions with other oil-producing countries. On Wednesday, a Kremlin source said no plans for coordinated cuts exist as of now.

Last week at the Davos World Economic Forum, Saudi state-owned Aramco chairman Khalid al-Falih said plans are to maintain current productions levels. He expects higher prices later this year.

OPEC members and non-members are divided. Some want production cut. Others fear losing market share.

Most need all the revenue they can get by continuing output at current levels - because of low prices and economic weakness.

By Stephen Lendman
http://sjlendman.blogspot.com

His new book as editor and contributor is titled “Flashpoint in Ukraine: US Drive for Hegemony Risks WW III.”

http://www.claritypress.com/Lendman.html

He lives in Chicago and can be reached in Chicago at lendmanstephen@sbcglobal.net.

Also visit his blog site at sjlendman.blogspot.com and listen to The Global Research News Hour on RepublicBroadcasting.org Monday through Friday at 10AM US Central time for cutting-edge discussions with distinguished guests on world and national topics. All programs are archived for easy listening.

© 2016 Copyright Stephen Lendman - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife