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  • Interest Rates Spiking Everywhere
    By on May 20, 2015 | No Comments  Comments
    Just as ultra-low interest rates start to seem normal, the markets decide otherwise. US 10-year Treasury bonds yielded about 1.9% in April and are now above 2.20%: And the trend reversal isn’t limited to the US. Across Europe and Asia rates have spiked in the past month. From Bloomberg: What doe...
  • Swiss National Bank and Central Bank Accounting
    By on May 20, 2015 | No Comments  Comments
    In a May 13 guest commentary, Alex Pollock pointed out some very interesting information on the astounding market value losses reported by the Swiss National Bank due to the legal requirement that the bank mark to market euro-denominated assets purchased as part of its efforts to maintain a currency...
  • No Money, No Growth
    By on May 19, 2015 | No Comments  Comments
    Last August, the US Fed stopped creating new currency out of thin air and dumping it into the banking system. Which is another way of saying the US money supply stopped growing. Here’s the adjusted monetary base — a proxy for the amount of new currency the Fed is creating — over the past eight...
  • US Nearing Recession, Dollar Falling Hard
    By on May 14, 2015 | No Comments  Comments
    The dollar soars by a record amount versus the euro and the yen in 2014. And economists predict strong growth in 2015. Really? If a country can have a rapidly-appreciating currency with all the benefits that that confers, and strong economic growth with all the obvious advantages that that confers, ...
  • Currency War Collateral Damage: China Stops Growing, ...
    By on May 11, 2015 | No Comments  Comments
    When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of that other currency. This confers several benefits, including the enforced discipline of the other, presumably more rigorous monetary regime and the simplicity of letti...
  • The Coming of Age of the Chinese Yuan
    By on May 7, 2015 | No Comments  Comments
    According to the May 4th Wall Street Journal, the International Monetary Fund (IMF) is expected to declare in a forthcoming report that China’s currency, the yuan, is “fairly valued.” As stated on the IMF website, “The IMF’s primary purpose is to ensure the stability of the internation...
  • (Video) Do They Really Want to Outlaw Cash?
    By on May 7, 2015 | No Comments  Comments
    Some bankers want to charge you for your deposits Editor’s note: You’ll find the text version of the story below the video. Learn how to win the “War on Cash”Follow this link to access your FREE REPORT » The U.S. economy slowed to a crawl in Q1: GDP (gross domestic p...
  • The Dollar and US Stock Market Sectors
    By on May 6, 2015 | No Comments  Comments
    The co-author of our new book, From Bear to Bull with ETFs, second and revised edition, is Talley Léger. In his most recent MVR Portfolio Strategy missive, Talley asked a critical question: Why do US share prices display little sensitivity to US dollar fluctuations across time? The fair-value equat...
  • (Video) In-Depth: Japanese Yen and US Dollar
    By on May 5, 2015 | No Comments  Comments
    Elliott Wave International’s Alexandra Lienhard recently sat down with the editor of our Currency Pro Service, Jim Martens. Learn what Jim sees next for such popular forex markets as Japanese yen (USDJPY) as well as the U.S. dollar. Don’t miss: Jim’s full interview also shows you ...
  • Is Solar Power About To Crush Big Oil, Big Coal AND E...
    By on May 2, 2015 | No Comments  Comments
    Something amazing has happened in the energy market. The cost of solar power has fallen to the point where, in a growing number of places, it’s cheaper than the electricity that utilities deliver from their coal-fired power plants. And its price is still falling. The implications are huge. Most of...
  • Japan Hits The Easy Money Wall. We May Be Next.
    By on April 29, 2015 | No Comments  Comments
    Japan, whose monetary policy is by far the world’s most expansive, just reported retail sales that soared on the wings of all that newly-created currency. Just kidding. Retail sales tanked: Japan Retail Sales Slump Flashes Warning Signal for Kuroda (Bloomberg) – Japan’s retail sales fell in M...
  • The End Is Near, Part 1: The War On Cash
    By on April 28, 2015 | No Comments  Comments
    As the saying goes, you can know a person by the quality of his or her enemies. This is also true of societies, where moral evolution can be traced by simply listing the things on which they declare war. Not so long ago, for instance, the world’s good guys — the US, Europe’s democracies and a ...
  • US Factories Crushed By Strong Dollar
    By on April 27, 2015 | No Comments  Comments
    Government statistics are always suspect, for at least one obvious reason: Modern economies are way too big and complex to measure in real-time. So virtually every number is revised in the months after its release, frequently to the point of saying something very different. But by then lots of new d...
  • Why Two of US Dollar’s Recent Bottoms Have One ...
    By on April 26, 2015 | No Comments  Comments
    In 2009 and 2014, a simple chart pattern enabled us to turn bullish the dollar, just in time for HUGE rallies. Learn to use this pattern now. Imagine you’re on an airplane, mid-air, when the intercom from the cockpit accidentally turns on. You and the entire cabin crew overhear the pilot say ...
  • The Coolest Silver Coins, Finally Back On The Market
    By on April 25, 2015 | No Comments  Comments
    In 2005 a New Jersey car dealer named Chris Duane started questioning the system that let his customers borrow ridiculous amounts of money to buy the frivolous things he was selling. He studied a little monetary history and concluded that fiat currency was a doomed concept and that sound money, espe...
  • Corporate Profit Pattern Emerges: OK Earnings, Sales ...
    By on April 23, 2015 | No Comments  Comments
    CNBC has a daily feature called after-hours buzz that, it being earnings season, is full of corporate quarterly reports. And lately the same story has been repeated: decent earnings but weak sales and/or disappointing guidance. Here’s today’s list: AT&T topped analysts’ profit estimates by...

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