Wednesday, December 09, 2015

Stock Market Panic Decline May Have Begun / Stock-Markets / Stock Markets 2015

By: Anthony_Cherniawski

We didn’t have long to wait for the sell signal. At 2058.00. The interesting part is that the 50-day Moving Average is now at 2051.80.

The Orthodox Broadening Top trendline is at 2045.00 and the 2-hour Cycle Bottom is at 2042.45, which have also been violated. Beneath that is a lot of air, which strongly suggests a panic decline.

Wednesday, December 09, 2015

Buckle Up, It’s Very Likely the Bull Market in Stocks is Over / Stock-Markets / Stocks Bear Market

By: Graham_Summers

As I warned last week… it’s very likely that the Bull Market in stocks is over.

Stocks have broken their bull market trendline. Not only that, but they’ve been rejected by this line TWICE, indicating that the momentum is GONE.

The next move will be SHARPLY DOWN.

Wednesday, December 09, 2015

Government Debt Is Not Like Private Debt / Interest-Rates / UK Debt

By: MISES

Simon Wilson writesL As the Labour Party fights with Tories over the need to slightly rein in government spending in the UK, opponents of even the slightest bit of austerity have turned out to claim that there is no virtue in “living within your means.”

In a recent article in The Guardian, Ha-Joon Chang, attacked even the Tory government’s timid claim that it wasn’t a great idea to spend more than the government collects in tax revenues. But for the new radical left Labour Party on whose behalf Chang’s article was written, this notion is as quaint as it is “simply wrong.”

Wednesday, December 09, 2015

Stock Market Testing the Limits of the Diamond Formation / Stock-Markets / Stock Markets 2015

By: Anthony_Cherniawski

SPX bounced from the lower trendline of its Diamond formation at 2056.00 this morning and is probing the 2-hour mid-Cycle resistance and the upper trendline at 2080.00. So far, the peak appears to be 2080.33, but it doesn’t appear to have broken the trendline. The top view is that the probe may be over and we may see a break at the bottom trendline soon. The trendline is now at 2058.00. While the Diamond formation has its own sell signal at 2058.00, the “official” sell signal is still at the 200day Moving Average at 2065.00.

Wednesday, December 09, 2015

Dishonest Money Will Die - I Hope / Commodities / Gold and Silver 2015

By: DeviantInvestor

Honest money – gold and silver – are not supported by governments and central bankers for obvious reasons.  The Fed can “print” $85 Billion per month to buy dodgy paper to support the banking system, but the Fed can’t produce 75 million ounces of gold each month.  Consequently we use dishonest money.

Wednesday, December 09, 2015

BSA Property Tracker Reports that Barriers to UK Home Ownership are Shrinking / Housing-Market / UK Housing

By: MoneyFacts

Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments:

“The finding that major barriers to home ownership have fallen to a six-year low is great news for first-time buyers and instils greater confidence in the housing market.

Wednesday, December 09, 2015

Corporatist Economic Espionage / Companies / Cyber Crime

By: BATR

Espionage is about gathering information. When foreign interests conduct such operations it is usually called spying. When corporations seek to acquire trade secrets from a competitor, it often becomes a case for legal litigation. In business terms, just what is the best way to view stealing secrets? Investopedia defines 'Economic Espionage' accordingly.

Wednesday, December 09, 2015

Why Your Bank Deposits May Be at Risk / Personal_Finance / War on Cash

By: EWI

Another financial crisis will bring widespread bank failures

Elliott Wave International's July issue of The Elliott Wave Theorist reminds us why bank depositors need to prepare for the worst before a nation's financial system is gripped by crisis:

Wednesday, December 09, 2015

SPX May Have a Diamond Formation / Stock-Markets / Stock Markets 2015

By: Anthony_Cherniawski

It appears that SPX is forming a Diamond formation that implies at least a 205 decline from the lower trendline. The Diamond trendline may be broken at 2056.00. Tomorrow is the next Pivot day, so I would anticipate the formation to be triggered then.

Wednesday, December 09, 2015

The Science Behind Shale Oil Investments that Pay Off Big Time / Commodities / Shale Oil and Gas

By: The_Energy_Report

As Matt Badiali, geologist and editor of the Stansberry Resource Report, explains, it has only been in the last few decades have we learned to release the potential of the massive oil and gas reservoirs in the U.S. Now we are learning how to tell if a shale project will be profitable. In this Energy Report article, he shares three names he is watching closely.

Wednesday, December 09, 2015

Bank of Canada Announces Negative Interest Rates; Loonie Sinks to 2004 Low / Interest-Rates / Canadian $

By: Mike_Shedlock

The Canadian dollar, affectionately known as the loonie because of a loon on the one dollar coin, has crashed vs. the US dollar.

Wednesday, December 09, 2015

Plunging Commodities Interfere With The New World Order / Commodities / Commodities Trading

By: Raul_I_Meijer

Anglo American, a British company, and one of the world’s biggest miners, and a ‘producer’ (actually just a miner, how did those two terms ever get mixed up?!) of platinum (world no. 1), diamonds, copper, nickel, iron ore and coal, said today it would scrap dividends AND fire 85,000 of it 135,000 global workforce (that’s 63%!).

Anglo is just the first in a long litany line we’ll see going forward. Commodities ‘producers’ are being completely wiped out, hammered, killed, murdered. They’ve been able to hedge their downside risks so far, but now find they can’t even afford the price of the hedges (insurance) anymore. And then there’s all the banks and funds that financed them.

Tuesday, December 08, 2015

UK Climate Change Floods House Prices Crash Could Hit 20% of Properties / Housing-Market / UK Housing

By: Nadeem_Walayat

What were supposed to be once in century floods are now occurring every 5 years or so as the North of England has been witnessing this past week, as the consequences of climate change is starting to make it's real extreme weather effects become manifest with costly consequences for home owners and not just in terms of costly repairs and replacements but the negative hit on house prices right across the UK as the escalating future consequences of climate change will increasingly be factored into home buying decisions.

Tuesday, December 08, 2015

How Much Longer Will Rising US Dollar Crush Commodities and Mining Stocks? / Commodities / Gold and Silver Stocks 2015

By: Jeb_Handwerger

-For over four years, capital has been flowing from Europe into the US Currency and Economy to get better returns.
-The rising dollar and S&P 500 crushed commodities and emerging economies over the past several years.
-Geopolitical uncertainty throughout the world is rising especially in the Middle East where now Russia and the West are taking on ISIS.
-Rapidly rising US dollar caused horrible bear market in mining equities.
-High US dollar is slowing down economic growth domestically which could be exacerbated by higher rates. Meanwhile, Europe and emerging economies may be bottoming and improving with the negative rates.

Tuesday, December 08, 2015

Misleading The American Public: Social Security & The National Debt / Politics / US Debt

By: Dan_Amerman

We are told that many economics experts don't worry about the total national debt because $5 trillion of that debt doesn't really exist; it is rather just a theoretical bookkeeping transaction for money that the federal government owes to itself. Netting out this bookkeeping entry then allows some authorities assert that while the debt is a bit on the high side relative to the size of the economy, it is far from historically unprecedented, and certainly no cause for despair or rash talk about insolvency.

Tuesday, December 08, 2015

Fed's Rocket Ship Turns Hoverboard / Interest-Rates / US Interest Rates

By: Peter_Schiff

Over the past year, while the U.S. economy has continually missed expectations, Federal Reserve Chairwoman Janet Yellen has assured all who could stay awake during her press conferences that it was strong enough to withstand tighter monetary policy. In delivering months of mildly tough talk (with nothing in the way of action), Yellen began stressing that WHEN the Fed would finally raise rates (for the first time in almost a decade) was not nearly as important as how fast and how high the increases would be once they started. Not only did this blunt the criticism of those who felt that the delays were unnecessary, and in fact dangerous, but it also began laying the groundwork for the Fed to do nothing over a much longer time period. To the delight of investors, the Fed has telegraphed that it will adopt a "low and slow" trajectory for the foreseeable future and move, in the words of Larry Kudlow, like "an injured snail."

Tuesday, December 08, 2015

Downsizing the News Staff; Downsizing Quality and Credibility - Part 2 / Politics / Mainstream Media

By: Walter_Brasch

For more than a decade, advertising, circulation, and news quality in both print and electronic media have been in a downward spiral. That spiral has twin intertwining roots.

The first root is the rise of social media. The complacent and stodgy print media were slow to catch onto the concept and rise of social media and its influence upon a generation that conducts its life by a fusion of smart phones to ears. When owners figured out they needed to have a digital presence, they first gave away content in a desperate bid to keep readers, and then began to charge for it to those who didn’t have subscriptions.

Tuesday, December 08, 2015

Sitting Uncomfortably on Your SVR Mortgate Interest Rate? / Housing-Market / Mortgages

By: MoneyFacts

Back in 2013 the Funding for Lending Scheme had a major impact on the mortgage market, leading to the introduction of what were at the time the lowest rates we had ever seen, particularly for two-year fixed deals. However, consumers who snapped up these deals are now coming to the end of their fixed terms, which means that many will soon start paying their providers’ revert rate. But data from Moneyfacts.co.uk shows that by sitting on the revert rate, borrowers could potentially see their repayment costs shoot up by almost £3,500 a year.

Tuesday, December 08, 2015

Unwinding Carry Trades and Unintended Consequences / Stock-Markets / Financial Markets 2015

By: Michael_Pento

The European Central Bank under the auspices of Mario Draghi has created a market destabilizing condition known as the euro carry trade. Mr. Draghi recently telegraphed to the markets a more aggressive attack on the value of the currency heading into the ECB meeting held on December 3rd. In fact, he went on record saying the ECB’s imperative is to, “Do what we must to create inflation as quickly as possible.” Because Draghi promised to destroy the euro at an even quicker pace than it was already falling, financial institutions front ran the ECB’s increased bid for bonds and equities, sending these prices soaring in the weeks prior to the meeting.

Tuesday, December 08, 2015

Stock Market Investor Sentiment / Stock-Markets / Stock Market Sentiment

By: Ed_Carlson

Technicians typically look for signs of excess bullishness or bearishness in sentiment polls to conclude markets have swung too far in one direction or the other. An extreme in bullishness is often followed by a decline in equities and an extreme in bearishness is often followed by a rally.