Market News

Jamie Dimon warns that Governments will close down bitcoin and cryptocurrencies if they get too big

September 22, 2017 Admin

Eventually governments will close down cryptocurrencies: JPMorgan CEO Eventually governments will close down cryptocurrencies: JPMorgan CEO JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large. “Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down,” Dimon said during an interview with CNBC-TV18 in New Delhi on Friday. Dimon was concerned that with…

Trump Issues An Ultimatum To House Republicans: Vote On Friday Or Obamacare Stays

March 24, 2017March 24, 2017 Admin

Update: Trump’s bluff may be working already. Following Trump’s ultimatum, Mark Meadows, chairman of the Freedom Caucus said that the healthcare bill has been improved, and that the Freedom Caucus will meet and discuss the revised bill. And while Meadows is maintaining a solid front for now, saying he is a “No” vote right now, with Trump having shone the spotlight fully on the Freedom Caucus, and thus providing republicans with a scapegoat should the vote fail tomorrow, we would not find it at all surprising if the Freedom Caucus…

UBS Chairman Warns Central Bank Intervention Is Forcing Investors “To Make Bad Choices With Their Money”

October 10, 2016 Admin

With the endless jawboning from officialdom that 'everything is awesome' (or about to be) in a desperate attempt to keep the status quo fumbling along, it is once again refreshing when an ex-insider 'fesses up that, in fact, nothing is awesome and it's a total shitshow below the surface. UBS Chairman Axel Weber is a former policymaker at The ECB and was the president of Germany's Bundesbank. Speaking on the sidelines of ther annual meetings of the IMF and World Bank this weekend, CNBC reports Weber warning…that monetary intervention is…

US Futures, Bonds Rise, Dollar Dips As Fed, BOJ Meetings Begin

September 20, 2016September 20, 2016 Admin

If yesterday one could “explain” the overnight stock levitation due to the move higher in crude oil, today there is no such catalyst with WTI down modestly, and yet the broader push higher across European stocks and US equities has reappeared following yesterday’s muted close on Wall Street ahead of key central bank data on deck. Some have attributed the 0.4% rise in futures to the latest dip in the dollar, while a modest bond rally as the countdown to crucial policy decisions by the Bank of Japan and the…

In 50 Years This Has Never Failed To Trigger A Bear Market

July 30, 2016July 31, 2016 Admin

Authored by Jesse Felder of TheFelderReport.com,

It’s earnings season once again and it looks as if, as a group, corporate America still can’t find the end of its earnings decline since profits peaked over a year ago. What’s more analysts, renowned for their Pollyannish expectations, can’t seem to find it, either.

So I thought it might be interesting to look at what the stock market has done in the past during earnings recessions comparable to the current one. And it’s pretty eye-opening. Over the past half-century, we have never seen a decline in earnings of this magnitude without at least a 20% fall in stock prices, a hurdle many use to define a bear market.

In other words, buying the new highs in the S&P 500 today means you believe “this time is different.” It could turn out that way but history shows that sort of thinking to be very dangerous to your financial wellbeing.

Bank Of Japan Shocks Market, Shuns Government Pressure: Leaves QE, Rates Unchanged, Questions Policy Effectiveness

July 30, 2016 Admin

Expectations were extremely high heading into tonight's BoJ decision, and market liquidity disappeared with massive violent swings in FX, rates, and equity markets before Kuroda unleashed his disappointing statement: *BANK OF JAPAN TAKES ADDITIONAL ACTION *BOJ EXPANDS PURCHASES OF ETFS TO 6T YEN *BOJ DOUBLES USD LENDING PROGRAM TO $24B But… *BOJ MAINTAINS POLICY BALANCE RATE AT MINUS 0.100% *BOJ BOARD VOTES 7-2 TO KEEP NEG RATE UNCHANGED *BOJ MAINTAINS MONETARY BASE TARGET AT 80T YEN Finally, details are emerging of the stimulus package, NHK reporting: ~7.5t yen of fiscal…

“Back Into The Hurricane” – Doug Casey Warns “Gold Will Go Higher Than Most People Can Imagine”

June 28, 2016 Admin

Submitted by Mac Slavo via SHTFPlan.com, As fears of England leaving the European Union came to a head on voting day, a stunning scene emerged on the streets of London. Though it was completely ignored by the mainstream media, the fact that Brits were lining up in droves in front of gold and silver shops spoke volumes about financial assets of last resort during a real or perceived crisis. It is within this context that legendary resource investor Doug Casey warns that the hurricane which took the world by storm in 2008 is still a…

The Real Brexit “Catastrophe”: World’s 400 Richest People Lose $127 Billion

June 26, 2016 Admin

For all the scaremongering and threats of an imminent financial apocalypse should Brexit win, including dire forecasts from the likes of George Soros, the Bank of England, David Cameron (who even invoked war), and even Jacob Rothschild, something “unexpected” happened yesterday: the UK was the best performing European market following the Brexit outcome. This outcome was just as we expected three days ago for reasons that we penned in “Is Soros Wrong“, where we said “in a world in which central banks rush to devalue their currency at any…

Is Brexit The First Of Many Dominoes? A Few Charts

June 26, 2016 Admin

Courtesy of: Visual Capitalist Is Brexit the First of Many Dominoes? Markets have been turned upside down by a surprise Brexit result and the resignation of David Cameron. While there is looming uncertainty around how this will affect the United Kingdom and Europe from an economic perspective, it might be just the tip of the iceberg in terms of long-run consequences. A Brexit opens the door for future events that would be previously unfathomable by popular opinion, and it gives vital ammunition to groups that are seeking their own…

IMF Urges Obama To “Tackle Poverty” As It Tells Yellen To Overshoot Inflation Target

June 22, 2016 Admin

In its latest staff statement on the annual analysis of the U.S. economy, known as the Article IV review, the IMF again demonstrated why economists have become the butt of financial jokes, when in the same report it first urged the Fed to “overshoot” its 2% inflation target (a code phrase to unleash even more easing, perhaps even including helicopter money), clearly unaware of the dramatic shift in sentiment that unorthofox monetary policy no longer works to stimulate inflation, and in fact quite the opposite, while at the same time…