Chinese officials surprised the market by instituting a mini-devaluation of the yuan. The 1.9% move was signaled by announcing the highest dollar fix in two years. Officials indicated that this was a one-off move in response to the appreciation of the real exchange rate. At the same time, it injected CNY50 bln through a seven-day…
Well, pretty much anyone who is not an economist or Wall Street “strategist” because a mercantilist, export-dominated nation pegged to a currency that has appreciated by an unprecedented amount in the past year, is grounds for nothing short of disaster, or using the parlance of our times, a “hard-landing.” Case in point: this is what…
We’re all familiar with the line, “All that glitters is not gold.” But J.R.R. Tolkien in his trilogy, Lord of the Rings (The Fellowship of the Ring) put it a different way. He wrote that “All that is gold does not glitter.” The last few years have proven Tolkien to be right. Gold has seen…
China devalued the Yuan in what many think was a surprise move. What they do not understand is that this move is more than trying to firm up exports; this devaluation has a similar impact to raising interest rates to stem speculation. Foreign capital just lost 2%. I have stated before, the Bank of…
Economists in general, but especially those at the Fed, continue to state a belief that the current economic weakness is transitory. And the near-universal economic forecasts predict increases in consumer spending due to wage increases and low gasoline prices. However, if you ask consumers what they believe they will spend, that answer is in sharp…
Almost exactly seven months ago, on January 15, the Swiss National Bank shocked the world when it admitted defeat in a long-standing war to keep the Swiss Franc artificially weak, and after a desperate 3 year-long gamble, which included loading up the SNB’s balance sheet with enough EUR-denominated garbage to almost equal the Swiss GDP, it…
We are watching the summer markets currently, because the $15.00 level has been so resistive. If we can break above there on a daily close, we would be call buyers as the market should then head to the $15.50 handle. On the other hand, if we get some type of resistive candle in this area,…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Steve Palmer’s AlphaNorth funds have a history of making high returns from investments in Canadian commodity juniors, including gold and energy plays. With regard to the current commodity markets, however, Palmer pulls no…
In this financialized hall of mirrors, narcissism replaces identity and the authentic self is rendered incoherent. Correspondent Dani A.M. (of Removing the Shackles) was kind enough to identify three bits of advice from my recent conversation with Max Keiser on Summer Solutions (25:45): (9:20 min: “We’ve been brainwashed into financializing the human experience.”) 1. Stop financializing the human experience…
Investors interested in the Medical Devices industry generally keep themselves busy analyzing existing trends – like longer life expectancies, mergers and acquisitions, emerging market opportunities, increased regulatory scrutiny and health care reforms. However, here are some of the emerging trends that one should also take into account, as these might eventually transform the prospects of…
