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Global Financial System Crash (Video)

January 18, 2017 by EconMatters   Comments (0)

By EconMatters

The entire Financial System is broke, EconMatters is downgrading the entire Global Credit Rating to Junk Status since none of the Rating`s agencies are doing their job right now, as governments all around the world have coerced them into not properly rating each country`s true debt condition and rating.

Look at how much each country (government) and central bank has levered up with doubling, quintupling, and in China`s case increasing their credit bubble by a factor of 30 times the pre financial crisis levels. The identifying markers of the coming debt Armageddon and global financial market crash are starting to surface and nobody is paying attention right now because markets are at all-time highs and everyone is high on the giddiness of their asset portfolios like Cocaine Bosses in Columbia before the inevitable Reckoning Day.

The entire Pension System, Bond Market, Stock Market, Central Bank Balance Sheet and Government Debt system is on the verge of systemic default, and is a fragile Ponzi Scheme right before the withdrawals start coming in, and the whole charade collapses in on itself.

The entire Global Financial System is built on Fraud, i.e., flawed and unrealistic assumptions that under no circumstances were rational, logical or financially sound policies. The entire Global Financial System is Broke, and nobody is paying attention - This Is The Real Big Short!

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General Market Commentary 1-17-2017 (Video)

January 17, 2017 by EconMatters   Comments (0)

By EconMatters

We discuss the Financial Markets from Equities, VIX, Gold, Copper to Bonds, Currencies and Oil in this General Market Commentary video. Watch the Front Month VIX Futures Contract for your sign to 'Get Out Of Dodge'!

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Mark Carney Made A Monetary Policy Mistake Reacting to Brexit Vote

January 16, 2017 by EconMatters   Comments (0)

By EconMatters

We discuss the British Pound in this video, regarding the cross currents of England currently experiencing a hot economy, but facing a real threat of recession as Brexit ramifications start hitting the British economy. Basically, Mark Carney overreacted to the Brexit Vote. British citizens are getting the worse of it in both regards, higher inflation with negative real rates, and a highly probable recession and FTSE market Crash down the line coming at the worst possible time.

Mark Carney should have waited to lower the interest rate, and provide stimulus to the British economy when it is actually needed. None of the ramifications of Brexit have occurred, and right now the British economy is running hot with regards to inflation, which probably gets worse in the upcoming months.

In effect British Citizens will be punished twice for Brexit, now with much higher inflation, and down the line with a substantial recession when they actually start to experience the effects of leaving the European Union. Central Bankers should take heed of the lesson here not to use up limited ammunition, and save this 'dry powder' for when it really is needed to mitigate the effects of a substantial economic recession.

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Beware of the Self Help Guru or Real Estate Seminar Business (Video)

January 15, 2017 by EconMatters   Comments (0)

By EconMatters

We discuss the profession of Real Estate Seminars and infomercials where they promise great wealth opportunities with little starting capital, experience, or business acumen in this video. Run like Hell from anybody driving up in a Lambo trying to Sell you Something!

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The Copper Market Relative to Gold, Equities, Dollar (Video)

January 14, 2017 by EconMatters   Comments (0)

By EconMatters

We discuss the Copper Market in this video, checking out its trading partners in the other Futures Markets, as well as the recent Technical and Fundamental drivers for this economic sensitive commodity. Copper is used as Collateral in China for borrowing purposes and serves a leveraging function at times.

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Expect Test of 2200 over Next Two Weeks (Video)

January 13, 2017 by EconMatters   Comments (0)

By EconMatters

We discuss the two obvious markets bubbles in the FTSE and Nasdaq, and do some general market commentary in this video. Amazon and Facebook are going to get slaughtered from these levels on earning`s reports.

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Escalating Real Estate Taxes Will Cause The Next Housing Crisis (Video)

January 12, 2017 by EconMatters   Comments (0)

By EconMatters

We check out the Real Estate taxes across the country at various price points for homes, and it is obvious that local and state governments have a spending problem that they expect home owners to fund through these revenue raising vehicles. There are several drivers already in place for the next housing crisis. The Baby Boomers downsizing and moving into managed care facilities, unaffordable real estate relative to incomes (especially on the two coasts), Rising Real Estate Taxes and Total Home Ownership Costs, Rising Interest Rates, Inflation, and the end of the current business cycle.

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Greater Fool Theory, Viewer Questions and Global Markets (Video)

January 11, 2017 by EconMatters   Comments (0)

By EconMatters

We discuss the Carry Trade, ultimate demise of the European Union, answer viewer questions, touch on the oil market, and dog financial media for the rating`s whores that they truly are in this video. There is some buy the rumor, sell the news effect in the oil market today, but we are still pretty bearish on the fundamentals of the industry, and the current supply glut in the market as witnessed by the most recent inventory reports. We think higher oil prices ultimately bring down some of the demand consumption numbers over time, as some of the demand gains over the past couple of years, come back in or retrace due to higher gasoline and diesel prices at the pump.

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Poland holds rate, cautiously optimistic about outlook

January 11, 2017 by CentralBankNews   Comments (0)

    Poland's central bank left its key reference rate at 1.50 percent, as expected, but sounded cautiously optimistic about the economic outlook by saying there are signs of recovery in global industries and recent domestic data "signal some improvement in economic activity over the recent past."
    The National Bank of Poland (NBP), which has maintained its rate since March 2015 and is first expected to raise rates early next year, said economic growth is being driven by consumer demand but any increase in growth is contained by lower investments caused by a temporary decline in the use of European Union funds.
    Poland's Gross Domestic Product grew by an annual rate of 3.1 percent in the third quarter of last year, up from 3.0 percent in the second quarter and the central bank said growth in the fourth quarter "was probably subdued."
    In its latest forecast from November, the NBP expected 3.6 percent economic growth in 2017, up from 3.0 percent in 2016, and 3.3 percent in 2018.
    Turning to the global outlook, the central bank said growth remains moderate, but there were "signs of recovery in global industry," with German growth probably accelerating in the fourth quarter of last year, the U.S. expansion was continuing, there were signs of improvement in China and prices of commodities were picking up.
    Today's view by the NBP of the global outlook is in contrast with its view from December when it said there was "uncertainty" about the global outlook, German growth eased in the third quarter, U.S. economic conditions were favorable while China's growth was lower than in previous year.
    Poland's inflation rate also turned positive in December for the first time since June 2014, with inflation up by 0.8 percent from zero percent in November on higher energy commodity prices.
    The central bank expects prices to continue to grow in coming months, but inflation will remain "moderate" due to low inflationary pressures abroad and a negative output gap in Poland.
    In November the central bank forecast average inflation this year of 1.3 percent, up from a negative 0.6 percent in 2016, and 1.5 percent in 2018. The NBP targets inflation of 2.50 percent, plus/minus 1 percentage point.

    The National Bank of Poland issued the following statement:

"The Council decided to keep the NBP interest rates unchanged:
reference rate at 1.50%; lombard rate at 2.50%;
deposit rate at 0.50%;
rediscount rate at 1.75%.
Economic growth abroad remains moderate, with signs of recovery in global industry. In the euro area, economic growth has been stable, albeit diverse across its member states. In Germany, economic growth in 2016 Q4 probably accelerated, while in other large euro area economies it remained low. In the United States, expansion has continued, supported by improvement in the labour market reflected both in rising employment and wages. In China, there are signs of improvement in economic conditions, yet GDP growth is still lower than in previous years.
Prices of energy commodities, including oil, have risen over recent months. In consequence, inflation has picked up in many economies, including in the euro area.
The European Central Bank has been keeping the interest rates close to zero, including the deposit rate below zero. The ECB is also continuing its asset purchase programme. The Federal Reserve raised the interest rates in December 2016 and indicated their further rise in 2017.
In Poland, GDP growth in 2016 Q4 was probably subdued. However, monthly data signal some improvement in economic activity over the recent past. Economic growth has been mainly driven by increasing consumer demand, supported by a rise in employment and wages, very good consumer sentiment and child benefit payments. At the same time, GDP growth was contained by a fall in investment, caused to a large extent by temporarily lower use of EU funds after the completion of the previous EU financial perspective.
Annual growth in prices of consumer goods and services has been increasing in line with flash estimate it was 0.8% y/y in December 2016. Growth in producer prices has also picked up. The increase in price growth has resulted mainly from energy commodity prices being higher than a year ago, i.e. factors beyond the direct impact of domestic monetary policy. At the same time, price growth has been contained by low inflationary pressure abroad and negative output gap in the domestic economy.
In the Council’s opinion, price growth will continue to increase in the coming months, yet it will remain moderate. Besides commodity prices being higher than a year ago, price growth will be supported by an expected acceleration in economic growth amid a gradual increase in the investment growth rate and a stable rise in consumption.
The Council confirms its assessment that given the available data and forecasts the current level of interest rates is conducive to keeping the Polish economy on the sustainable growth path and maintaining macroeconomic balance."


Apple Will Be A $95 Stock in 4 Months (Video)

January 10, 2017 by EconMatters   Comments (0)

By EconMatters

We discuss Apple`s recent move up in the tech and broader market rally since the Trump Election Win, and think this stock is a tired, outdated one trick pony where any rally should be sold into over the long haul. Apple and Samsung are both struggling to stay relevant in China`s hyper competitive localized smart phone market.

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