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Central Banks Overwhelmed by Market Forces

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Posted by Steven Saville

on Wednesday, 07 December 2016 09:51

weak-dollarEvery central bank wants a weaker US$

Every central bank in the world, including the US Federal Reserve, now wants a weaker US$, which proves that central banks can be overwhelmed by market forces even when they are united in their goals.

Central banks outside the US want a weaker US$ due to the long-term consequences of the actions that they themselves took many years ago to strengthen the US$. To put it another way, they now want to strengthen their own currencies against the US$ because their economies are suffering from the inevitable ill-effects...

......continue reading HERE

 

....related: James Dines on the US Federal Reserve:

The Legend Jim Dines



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Currency

Here’s What Oil Did the Last Time OPEC Cut Production

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Posted by Frank Holmes - US Global Investors

on Tuesday, 06 December 2016 08:05

COMM-Heres-What-Oil-Last-OPEC-Cut-Production-12022016

It finally happened. For the first time since 2008, the Organization of Petroleum Exporting Countries (OPEC) agreed to a crude oil production cut last week, renewing hope among producers and investors that prices can begin to recover in earnest after a protracted two-year slump, one of the worst in living memory.

The last three times the cartel agreed to trim output—in 2008, 2001 and 1998—oil rallied in the following weeks and months. Of course, there’s no guarantee the same will happen this time around, as other market forces are at play, but it’s helpful to look at the historical precedent.

OIl Historically Rallied in the Two Years Following OPEC's Agreement to Cut Production
click to enlarge

OPEC’s decision follows a strong endorsement from Goldman Sachs, which upgraded its rating on basic materials to overweight for the first time in four years. Analysts see commodities gaining 9 percent on average over the next three months, 11 percent over the next six months.

As reported by TheStreet’s Paul Whitfield, Goldman’s change of heart was prompted by “the recent acceleration in global PMIs (purchasing managers’ indexes),” which “suggests commodity markets are entering a cyclically stronger environment.” 

The JPMorgan Global Manufacturing PMI rose slightly in November to a 27-month high of 52.1, extending sector expansion for the sixth straight month—very encouraging news.



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Currency

Hyperinflation - Coming to an Indebted Democracy Near You

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Posted by Martin Armstrong - Armstrong Economics

on Thursday, 01 December 2016 11:20

Venezuelan Hyperinflation From Collapse in Confidence in Government

Venezulea-Hyperinflation

The Venezuelean hyperinflation is the direct result of what happens when the general population loses all confidence in the government. The current hyperinflation is reminiscent of Germany’s hyperinflation following World War I, which was also the result of a Communist Revolution and the overthrow of the government giving birth to the Weimar Republic.  Venezuela’s currency has become virtually worthless as was the case in Japan when the people simply refused to accept any coins issued by the Japanese government. In that instance, each new emperor devalued the outstanding money supply to 10% of his new issues. This led to Japanese accepting Chinese coins, but not Japanese.

....continue reading HERE

....related from Michael & Victor Adair:

Huge Moves - US Dollar Hits 13 Year High



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Currency

Bob Hoye: Castro’s Longest Speeches

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Posted by Bob Hoye - Institutional Advisors

on Wednesday, 30 November 2016 13:39

To the United Nations: Four hours and 29 minutes, 1960.
In Cuba: Seven hours and 10 minutes, Communist Party Congress, 1986.

                                                                      – Guinness Book of Records. 

Screen Shot 2016-11-30 at 12.28.42 PM

 

Screen Shot 2016-11-30 at 12.29.03 PM

It is said that Russians wanted to make sure he was really dead. 

 

BOB HOYE, INSTITUTIONAL ADVISORS – WEBSITE: www.institutionaladvisors.com 

 



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Currency

Huge Moves - US Dollar Hits 13 Year High

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Posted by Michael Campbell & Victor Adair

on Monday, 28 November 2016 08:09

The US dollar is up 10% since May when the Canadian Dollar made it high for the year. Victor on the huge moves in the currency markets, Gold, Stocks and interest rates and the 28% move in Copper in the last 5 weeks.

....also from Michael & Ozzie: The Hottest Properties Right Now

trader3

 



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