The document summarizes recent movements in the stock market, bond market, commodity markets, gold, and US dollar. Stocks rallied on hopes that politicians would negotiate to end the government shutdown and raise the debt ceiling. Short-term interest rates spiked due to uncertainty around a potential US debt default. Commodity prices remained flat due to weak global growth. Gold declined further as deflationary pressures continued globally despite central bank actions. The US dollar weakened against the euro due to improving economic news in Europe and ongoing Fed stimulus.
FX month(s) in review: Wild transition to the New Year.
Themes for 2011
Carry Trade Model – coming unhinged
Central Bank Watch: Expectations shifting higher
Saxo Bank G-10 FX Outlook
US consumer data to drive forex majors this weekHantec Markets
Has the time of finally been called for US dollar outperformance? We discuss the implications of recent moves impacting on forex markets, equities and commodoties. What is the outlook for the coming days and the key factors to watch?
3 Jan 2009: a bottom in breakevens, commodities, and global yields?Laeeth Isharc
The response of the authorities has been without precedent - the US has a new president, and perhaps confidence in the new administration may stave off the worst consequences of the epidemic contagion of fear - for now, at least. It is certain that for the time being we shall avoid the 29-33 collapse that was associated with every sovereign issuer in Europe except Britain, and much of Latin America and Asia defaulting as well as large numbers of banks in the US (in the days before deposit insurance).
Could the Fed drive a Santa Claus rally this week?Hantec Markets
It may be the final trading week of the year, but the key risks remain and volatility is elevated. The FOMC monetary policy will be the key risk factor for traders this week. We consider the impact on forex, equities and commodities.
The legacy of the dovish fed is set to continue this weekHantec Markets
After the FOMC monetary policy decision and Yellen’s press conference, the Fed made a staggering climb-down on its monetary policy. Has the Fed now got a credibility issue?
FX month(s) in review: Wild transition to the New Year.
Themes for 2011
Carry Trade Model – coming unhinged
Central Bank Watch: Expectations shifting higher
Saxo Bank G-10 FX Outlook
US consumer data to drive forex majors this weekHantec Markets
Has the time of finally been called for US dollar outperformance? We discuss the implications of recent moves impacting on forex markets, equities and commodoties. What is the outlook for the coming days and the key factors to watch?
3 Jan 2009: a bottom in breakevens, commodities, and global yields?Laeeth Isharc
The response of the authorities has been without precedent - the US has a new president, and perhaps confidence in the new administration may stave off the worst consequences of the epidemic contagion of fear - for now, at least. It is certain that for the time being we shall avoid the 29-33 collapse that was associated with every sovereign issuer in Europe except Britain, and much of Latin America and Asia defaulting as well as large numbers of banks in the US (in the days before deposit insurance).
Could the Fed drive a Santa Claus rally this week?Hantec Markets
It may be the final trading week of the year, but the key risks remain and volatility is elevated. The FOMC monetary policy will be the key risk factor for traders this week. We consider the impact on forex, equities and commodities.
The legacy of the dovish fed is set to continue this weekHantec Markets
After the FOMC monetary policy decision and Yellen’s press conference, the Fed made a staggering climb-down on its monetary policy. Has the Fed now got a credibility issue?
Trade dispute and the US consumer are key this weekHantec Markets
The outlook for Fed rate hikes has shifted as the trade dispute has begun to bite. However, is this a move that has gone too far as the US pulls back from tariffs on Mexico. The US consumer indicators could be key. We consider the outlook on forex, equities and commodities.
US and China trade negotiations key this weekHantec Markets
After weeks of speculation over the next step in the trade dispute between the world's two largest economies, the negotiations in Washington could have a key impact on the global economy and market sentiment. We consider the outlook for forex, equities and commodities.
Trump and Jackson Hole will be key for forex markets this weekRichard Perry
The political risk from Donald Trump's increasingly chaotic presidency continue to concern financial traders. Resignations and rumours of resignations have been pulling markets around recently amid concern over the impact it has on President Trump's ability to substantially achieve anything in the White House. Markets will continue to focus on this but also look towards the Jackson Hole Economic Symposium this week. We consider the outlook for forex, equities and commodities.
US dollar strengthening once more as focus remains on the data this weekHantec Markets
Are we set for another improvement in the dollar? There continue to be market reactions to the negative surprises, but there now seems to be a different mind-set to positive data surprises and this is showing in a turn around in sentiment on the greenback. Last week there was a sharp pick up in the Home Starts and Building permits which...
Markets coming to terms with Greek deal this week Hantec Markets
That noise you can hear is the sound of a collective sigh of relief. But maybe it’s as much one of relief for the avoidance of a Grexit, as it is relief that the whole sorry episode is coming to an end. The whole lot of them should hang their heads in shame. No-one has come out well from this.
Politics, monetary policy and inflation all key for marketsRichard Perry
Markets are responding to a stream of key political developments in recent days. Theresa May trying to kick start the painfully slow Brexit negotiations, key elections in German and New Zealand and also the ongoing geopolitical tensions of the Korean Peninsula. Financial markets are trying to figure out the impact of all of this and the Federal Reserve monetary policy, whilst traders will also be looking ahead to key US inflation data this week. We look at the outlook for forex, equities and commodities.
Brexit chaos continues with the can kicked further down the roadHantec Markets
The Brexit can has been kicked down the road for a couple of weeks at least, but we are not out of the woods yet. We look at the latest developments and the impact on markets. The increased market fear over an inverted US yield curve is impacting on the outlook for forex, equities and commodities.
All eyes on the Fed, but what sort of cut?Hantec Markets
It is an incredibly important week for markets with the big focus on the monetary policy meeting of the Federal Reserve. A rate cut is guaranteed, but what will forward guidance bring? We look at the impact on forex, equities and commodities.
Watching for FOMC minutes and yield curves this week Hantec Markets
The recent plummet in bond yields has hit risk appetite. What are yield curves telling us about about the prospects of the US economy? We look at the key factors impacting across major forex, equities and commodities markets.
Is the US dollar set for a correction as the year draws to a close?5Hantec Markets
Well, the bond markets certainly called the Fed decision pretty much spot on, in that there was very little volatility on the FOMC rates announcement. However, could it be that it was the euphoric reaction from the equity markets that was the wrong call?
Greece negotiations and tier one US data key for traders this weekHantec Markets
Negotiations between Greece and its creditors (the IMF and the EU) continue, but as yet there is no deal. Greek claims
that a deal was close were swiftly rebuffed by the IMF, leaving Greece still without the final €7.2bn bailout tranche it
needs to pay €1.6bn of debt repayments owed to the IMF in June. However, it would appear a 5th June deadline (for a €300m repayment) is not actually a deadline at all. There is an IMF technicality that allows a lumping together of all
payments, to then be paid at the end of the month.
Reaction to Fed balance sheet reduction is keyRichard Perry
This week could be pivotal for US monetary policy. Financial markets are looking towards the FOMC meeting on Wednesday as an indicator for several key factors, however the Fed is likely to be the first central bank to start reducing the size of its balance sheet. Aside from the theoreticals, no one really knows how financial markets will react to the Fed's balance sheet reduction. We look at the outlook for forex, equities and commodities.
FOMC, Advance GDP, Nonfarm Payrolls and Brexit all key this weekHantec Markets
It will be a crucial decision for the Federal Reserve this week as traders consider the prospect of a third straight rate cut. Consumer Confidence, Advance GDP and Non-farm Payrolls means that it is a jam packed week for the calendar. With Brexit uncertainty and the looming prospect of a UK general election also to impact, we are looking at a busy week for major markets and consider the outlook for forex, equities and commodities.
Bond markets remain in focus after recent curve inversionHantec Markets
Economic data for the US is key to how bond yields respond and how this impacts across major markets. The first week of the month is always jam packed with tier one data and this one could be key for the dollar. We look at the impact on forex, equities and commodities.
Payrolls legacy set to drive a stronger dollar this weekHantec Markets
Such huge volatility surrounding the dollar and the euro in recent days has meant it has been difficult to trade with any real conviction. With huge fundamental (Non-farm Payrolls), news driven (Greece negotiations) and market driven (bund yield volatility) moves, forex trading has lacked decisive direction. Could this change though this week? With Greece now bundling up its repayments to the IMF to the end of the month, traders can focus elsewhere, perhaps at least for a few days anyway.
How Does the US Economy Affect the US Dollar?InvestingTips
http://www.forexconspiracyreport.com/how-does-the-us-economy-affect-the-us-dollar/
How Does the US Economy Affect the US Dollar?
When a Forex trader looks to the future in trading the US dollar, he or she watches for the factors that drive the currency higher and lower against others. One of the major factors is the strength of the US economy. How does the US economy affect the US dollar? The US dollar fell in value against other major currencies the other day when US retail sales missed estimates according to NASDAQ.
The U.S. Dollar was pressured against a basket of currencies on Monday after a government report showed retail sales data for September missed economists’ expectations.
A Commerce Department report on Monday showed that U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.
Other factors in the dollar’s decline were the prospect of trouble with Saudi Arabia in regard to the murder of Saudi reporter by Saudi security people and tightening of US Treasury yields.
Economic Reports That Affect the US Dollar
Investopedia explains how economic factors in an expansion can cause inflation which in turn weakens the dollar and how an economic contraction can cause deflation which makes the dollar more valuable. Forex traders who follow the fundamentals look at 5 reports that affect the dollar.
A broad range of economic reports are useful when conducting research on the dollar.
Keep in mind that the actual statistics are often less important than their direction (rising or falling) and their success or failure in meeting pre-release expectations.
US Fed rate hike in September 2015: Who will be the top 4 winners and losers?Aranca
The much hyped US Fed rate hike likely to be in September 2015 will mark the end of an era of free money. While it brings the good news that the most powerful economy of the world is back on track and can sustain a rate hike, there may be certain repercussions for the global markets. Here’s our take on who may win, and who may lose.
Trade dispute and the US consumer are key this weekHantec Markets
The outlook for Fed rate hikes has shifted as the trade dispute has begun to bite. However, is this a move that has gone too far as the US pulls back from tariffs on Mexico. The US consumer indicators could be key. We consider the outlook on forex, equities and commodities.
US and China trade negotiations key this weekHantec Markets
After weeks of speculation over the next step in the trade dispute between the world's two largest economies, the negotiations in Washington could have a key impact on the global economy and market sentiment. We consider the outlook for forex, equities and commodities.
Trump and Jackson Hole will be key for forex markets this weekRichard Perry
The political risk from Donald Trump's increasingly chaotic presidency continue to concern financial traders. Resignations and rumours of resignations have been pulling markets around recently amid concern over the impact it has on President Trump's ability to substantially achieve anything in the White House. Markets will continue to focus on this but also look towards the Jackson Hole Economic Symposium this week. We consider the outlook for forex, equities and commodities.
US dollar strengthening once more as focus remains on the data this weekHantec Markets
Are we set for another improvement in the dollar? There continue to be market reactions to the negative surprises, but there now seems to be a different mind-set to positive data surprises and this is showing in a turn around in sentiment on the greenback. Last week there was a sharp pick up in the Home Starts and Building permits which...
Markets coming to terms with Greek deal this week Hantec Markets
That noise you can hear is the sound of a collective sigh of relief. But maybe it’s as much one of relief for the avoidance of a Grexit, as it is relief that the whole sorry episode is coming to an end. The whole lot of them should hang their heads in shame. No-one has come out well from this.
Politics, monetary policy and inflation all key for marketsRichard Perry
Markets are responding to a stream of key political developments in recent days. Theresa May trying to kick start the painfully slow Brexit negotiations, key elections in German and New Zealand and also the ongoing geopolitical tensions of the Korean Peninsula. Financial markets are trying to figure out the impact of all of this and the Federal Reserve monetary policy, whilst traders will also be looking ahead to key US inflation data this week. We look at the outlook for forex, equities and commodities.
Brexit chaos continues with the can kicked further down the roadHantec Markets
The Brexit can has been kicked down the road for a couple of weeks at least, but we are not out of the woods yet. We look at the latest developments and the impact on markets. The increased market fear over an inverted US yield curve is impacting on the outlook for forex, equities and commodities.
All eyes on the Fed, but what sort of cut?Hantec Markets
It is an incredibly important week for markets with the big focus on the monetary policy meeting of the Federal Reserve. A rate cut is guaranteed, but what will forward guidance bring? We look at the impact on forex, equities and commodities.
Watching for FOMC minutes and yield curves this week Hantec Markets
The recent plummet in bond yields has hit risk appetite. What are yield curves telling us about about the prospects of the US economy? We look at the key factors impacting across major forex, equities and commodities markets.
Is the US dollar set for a correction as the year draws to a close?5Hantec Markets
Well, the bond markets certainly called the Fed decision pretty much spot on, in that there was very little volatility on the FOMC rates announcement. However, could it be that it was the euphoric reaction from the equity markets that was the wrong call?
Greece negotiations and tier one US data key for traders this weekHantec Markets
Negotiations between Greece and its creditors (the IMF and the EU) continue, but as yet there is no deal. Greek claims
that a deal was close were swiftly rebuffed by the IMF, leaving Greece still without the final €7.2bn bailout tranche it
needs to pay €1.6bn of debt repayments owed to the IMF in June. However, it would appear a 5th June deadline (for a €300m repayment) is not actually a deadline at all. There is an IMF technicality that allows a lumping together of all
payments, to then be paid at the end of the month.
Reaction to Fed balance sheet reduction is keyRichard Perry
This week could be pivotal for US monetary policy. Financial markets are looking towards the FOMC meeting on Wednesday as an indicator for several key factors, however the Fed is likely to be the first central bank to start reducing the size of its balance sheet. Aside from the theoreticals, no one really knows how financial markets will react to the Fed's balance sheet reduction. We look at the outlook for forex, equities and commodities.
FOMC, Advance GDP, Nonfarm Payrolls and Brexit all key this weekHantec Markets
It will be a crucial decision for the Federal Reserve this week as traders consider the prospect of a third straight rate cut. Consumer Confidence, Advance GDP and Non-farm Payrolls means that it is a jam packed week for the calendar. With Brexit uncertainty and the looming prospect of a UK general election also to impact, we are looking at a busy week for major markets and consider the outlook for forex, equities and commodities.
Bond markets remain in focus after recent curve inversionHantec Markets
Economic data for the US is key to how bond yields respond and how this impacts across major markets. The first week of the month is always jam packed with tier one data and this one could be key for the dollar. We look at the impact on forex, equities and commodities.
Payrolls legacy set to drive a stronger dollar this weekHantec Markets
Such huge volatility surrounding the dollar and the euro in recent days has meant it has been difficult to trade with any real conviction. With huge fundamental (Non-farm Payrolls), news driven (Greece negotiations) and market driven (bund yield volatility) moves, forex trading has lacked decisive direction. Could this change though this week? With Greece now bundling up its repayments to the IMF to the end of the month, traders can focus elsewhere, perhaps at least for a few days anyway.
How Does the US Economy Affect the US Dollar?InvestingTips
http://www.forexconspiracyreport.com/how-does-the-us-economy-affect-the-us-dollar/
How Does the US Economy Affect the US Dollar?
When a Forex trader looks to the future in trading the US dollar, he or she watches for the factors that drive the currency higher and lower against others. One of the major factors is the strength of the US economy. How does the US economy affect the US dollar? The US dollar fell in value against other major currencies the other day when US retail sales missed estimates according to NASDAQ.
The U.S. Dollar was pressured against a basket of currencies on Monday after a government report showed retail sales data for September missed economists’ expectations.
A Commerce Department report on Monday showed that U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.
Other factors in the dollar’s decline were the prospect of trouble with Saudi Arabia in regard to the murder of Saudi reporter by Saudi security people and tightening of US Treasury yields.
Economic Reports That Affect the US Dollar
Investopedia explains how economic factors in an expansion can cause inflation which in turn weakens the dollar and how an economic contraction can cause deflation which makes the dollar more valuable. Forex traders who follow the fundamentals look at 5 reports that affect the dollar.
A broad range of economic reports are useful when conducting research on the dollar.
Keep in mind that the actual statistics are often less important than their direction (rising or falling) and their success or failure in meeting pre-release expectations.
US Fed rate hike in September 2015: Who will be the top 4 winners and losers?Aranca
The much hyped US Fed rate hike likely to be in September 2015 will mark the end of an era of free money. While it brings the good news that the most powerful economy of the world is back on track and can sustain a rate hike, there may be certain repercussions for the global markets. Here’s our take on who may win, and who may lose.
there will be 2 articles attached may you please summarize the artic.docxbarbaran11
there will be 2 articles attached may you please summarize the articles attached seperatley and add a bibllography and opinion to each (must be at least 2 pgs double spaced)
Japan’s Swinging Bonds — A Future Economic Crisis
ARTICLE
COMMENTS (1)
BONDS
JAPAN
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By Vincent Cignarella
The inability of Japanese government debt to stop gyrating wildly poses a significant threat to the country’s climb out of its two-decade economic mire.
In the past six months, Japanese 10-year bond yields have swung like a pendulum. The huge swings were never more prescient than Thursday, when the yield jumped over 1.0% for the first time in over a year.
That volatility poses a significant threat to Japan, specifically through the balance sheets of its banks. In a statement clearly acknowledging those risks, Bank of Japan Governor Haruhiko Kuroda said Friday that it is “extremely desirable” for the nation’s debt market to be stable.
When it comes to government debt, Japan’s biggest banks are all in. Consolidated financial statements of
Mizuho Financial Group
8411.TO
0.00%
and Mitsubishi Financial Group show they each hold 23% of total assets in Japanese national government and a variety of government agency bonds.
As that debt vacillates in price so do the banks’ Tier 1 capital asset ratios and presumably their ability to lend and create loans. Japanese banks would face 6.6 trillion yen in losses should interest rates rise broadly by one percentage point, according to the Bank of Japan.
One week into 2013, 10-year government bonds climbed in yield to nearly 0.85% from early December lows of 0.69%. They then fell dramatically to 0.44% in early April only to climb again violently to the 12-month high on Thursday. All that interest rate volatility and so far, no inflation in sight.
Recent gross domestic product figures from Japan showed growth of 3.5% on an annual basis but the GDP deflator, a measure of inflation printed at a decline of 1.2% from a year earlier. That is 14 consecutive negative quarters.
If these government bond yields continue to gyrate beyond the central bank’s control and no inflation comes, the government stands to lose credibility domestically.
That credibility is already somewhat in question given during his first term as prime minister, Shinzo Abe lacked the political power to follow central bank action with his own government reform. Without that reform, Abe’s goal of 2% inflation within two years is in grave peril.
If he has any doubts about the need for government action, look no further than U.S. Personal Consumption Expenditures, the Federal Reserve’s favorite indicator for inflation, was 2.5% in 2008 before the global financial crisis took hold. Now almost five years later and massive quantitative easing from the Fed, the PCE is just 1.1% because there has been no help from fiscal policy.
The importance of credibility is even greater in Japan, where local investors finan.
China data is set to drive risk appetite this weekHantec Markets
We could begin to learn a lot more this week about the current outlook for the global economy as there is a whole raft of economic data points out of China to drive risk appetite as they will paint a picture of how the economic re-balancing of the world’s second largest economy is progressing.
Trade negotiations and renewed dollar strength is key this weekHantec Markets
A deterioration in the relations between the US and China over trade, a renewed strengthening of the dollar and a shift in risk appetite. These are all factors shaping the moves across financial markets. Flash PMIs are eyed as a key data point. We look at the impact across forex, equities and commodities.
Politics and major central banks are key this week Richard Perry
Politics and central bank is high on the agenda this week as markets continue to react to protectionist moves from Donald Trump, the Italian election over the weekend and look forward to four major central banks announcing their latest monetary policy decisions. We consider the outlook for forex, equities and commodities markets in the coming days.
US inflation in focus with bond markets increasingly keyHantec Markets
There has been a significant shift in the outlook on bond markets and this is impacting across asset classes. How this plays out in the coming days could be key for the medium term outlook. Focus is on US inflation data this week. We consider the outlook on forex, equities and commodities markets.
Signs of inflation will raise the stakes for the Fed’s policy communications. Favorable conditions for leveraged strategies could reverse quickly. Reasonable valuations and the Fed’s policy goals continue to support risk assets.
Will US stronger US relative economic performance continue? Hantec Markets
With the US Government shutdown coming to an end, delayed US data will begin to filter through and after the dovish shift from the Fed it will be interesting to see if US economic outperformance continues to show and how this impacts on the dollar. We look at the key factors impacting on forex, equities and commodities this week.
Trump continues to be a driver of market sentimentHantec Markets
Traders that have been getting worked up by the impact of "risk on, risk off" are now having to get used to this morphing into "Trump on, Trump off" (as dreadful as this sounds). You even have some expanding this with "Trumpflation" and "Donald down", but this will be the final time you hear these terrible terms on these pages. Anyway, Donald Trump continues to have a significant impact on market sentiment across financials with forex and commodities especially driving off moves on Treasury yields and the dollar. With a light economic calendar this is likely to continue this week.
Could a turnaround last the distance for major markets? Hantec Markets
After a tumultuous period of trading on financial markets is a turning point about to be seen? If so, how long can it last? We consider the outlook for forex, equities and commodities in the coming days.
Are the dollar bulls in control this week?Hantec Markets
Will the dollar strength continue and allow the dollar bulls to remain in control? Are equities set for gains all the way towards the inauguration of Donald Trump on 20th January? We look into the key factors that traders and investors need to consider for their positions this week. What is the outlook for major forex, equities, commodities and bond markets?
Trump's tariffs driving a significant impact through marketsHantec Markets
Markets begin the new trading week still dealing with the fallout of the latest escalation by Donald Trump of the trade dispute between the US and China . We consider the implications for the outlook on forex, equities and commodities markets.
Despite hopes that the anti-QE rhetoric would die down, the noise continued last week, and unfortunately, become more political. One of the key aspects of the Fed is its independence. The Fed is answerable to Congress, and ultimately, to the American people. However, it is not controlled by Congress – nor would we want it to be controlled by Congress. Attacks on the Fed and its latest round of asset purchases aren’t helping.
With a dearth of US data the ECB will be key this weekRichard Perry
With something of a dearth of significant US economic data this week, the big focus will turn on the European Central Bank (ECB) monetary policy as the prospect of tapering asset purchases continues to be speculated. Is it too soon this month? With the slide in the dollar resuming we look at the outlook for forex, equities and commodities.
UK and Eurozone inflation focus in a quiet week for US dataRichard Perry
Central bankers are increasingly focusing on persuading everyone that inflation is set to turn higher, however the data continues to tell a different story, at least in the US. With a lack of tier one US data this week attention will turn to UK and Eurozone inflation data to drive sentiment. We look at the outlook for forex, equities and commodities.
Similar to Gold's message & the comatose patient (20)
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
Gold's message & the comatose patient
1. Stocks soared on Thursday on breaking news that Republicans and Democrats were finally going to
start acting like adults and try to negotiate their differences surrounding the government shutdown
and raising the debt ceiling. The stage had been set for the rally on Wednesday afternoon when
President Obama formally nominated Janet Yellen as Ben Bernanke's successor at the Federal
Reserve. The nomination and confirmation (which is a foregone conclusion) assures that our
central bank will continue to "keep the pedal to the metal" so far as QE goes. Here's a three month
daily chart of the S&P500 SPDRs ETF (SPY):
(click on chart for larger image)
SPY blew through a key resistance line (169.20) based on long term Elliot waves on Friday
morning and there is virtually no resistance at this time up to the all time new highs set on
September 19th (172.76). Obviously, reaching these highs will depend on whether our politicians
come to an agreement on the debt ceiling.
Treasuries seem like they are stuck between a rock and a hard place as rates edged up this week,
apparently torn between the paradigm that says rates should be rising because the economy is
improving (?) and the ongoing torrent of liquidity the Fed continues to force feed into the economy.
Here's a weekly chart of the Ten Year Treasury Yield:
2. (click on chart for larger image)
But the real story in interest rates is occurring on the short end of the yield curve where short term
rates are spiking, courtesy of the present fighting in Washington. Here's a daily chart of the Three
Month T-Bill Discount Rate going back to the Great Financial Crisis:
(click on chart for larger image)
With the threat of a US debt default, many institutions and investors are shedding short term debt
(T-Bills) that are maturing in late October and November. Fidelity Investments made headlines
earlier in the week when it announced that they were liquidating all their short term Treasuries in
order to protect the 400 billion in money market assets they manage. But, in fact, many institutions
did the same thing in 2011 when we were going thru the same issues in Washington but rates
stayed low because, at that time, Europe appeared to be imploding, forcing an international "flight
to safety" trade in short term debt. For money market funds, such a liquidation in these
circumstances is a prudent move because, in the event of a default, the inability to redeem maturing
T-Bills would threaten their ability to maintain the $1.00 NAV (Net Asset Value).
No doubt, the chart above reflects a temporary phenomenon predicated on a solution to the present
wrangling in Washington. And the clear message of the two charts is that the potential of a debt
default is not based on the US inability to pay but on its refusal to pay. Otherwise, we'd be seeing
rates spike across the entire yield curve. But these are the things that cause more stress on the
financial system and contributing to slowing down our economy.
3. Gold was the real loser on the week. Caught in a crossfire between a seemingly dwindling political
crisis in Washington and continuing disinflationary to deflationary pressures around the world, the
yellow metal started its decline on Tuesday with a break away gap to the downside that was
repeated on Friday. Even Yellen's nomination, which should have been a catalyst for higher prices,
was met with increased selling pressure which is a very bearish indication for the precious metal.
Here's a weekly chart of the of Gold's spot price with key support areas delineated:
(click on chart for a larger image)
It is essential that Gold hold the $1200.00 level. If it were to maintain that level there would be
hope for a bounce to the $1525 - $1550 level. For some very good reasons however, I'm targeting
an eventual price as low as $900.00. I'll have more on Gold in my analysis.
Commodities continue to tread water, a result of flat global economic growth and a reflection of
central bank inability to reflate global economic growth. Here's a daily chart of "Dr. Copper":
4. (click on chart for larger image)
Here's a daily chart of the S&P GSCI Industrial Metals Index (spot price) comprised of spot prices
of aluminum, copper, lead, nickel and zinc:
(click on chart for larger image)
And here's a weekly chart of the Dow Jones World Basic Materials index:
(click on chart for larger image)
The common thread in all three charts posted above is that they continue to flirt with long term
down trend lines, seemingly wanting to breakout but without sufficient momentum to do so. I take
this indication as a signal that we're at an inflection point in the global economic recovery. While
no one can predict how long we can muddle along without deflationary psychology gaining a form
footing in the minds of the general population, the longer we tarry at these levels the more bearish I
become.
5. Lastly, here's a weekly chart of the US Dollar which continues to suffer as a result of the Fed's
unlimited "QE" policy:
(click on chart for larger image)
The Dollar has suffered at the expense of the Euro as marginally better economic news has
emanated from the EU since July. This, along with the Fed's decision not to taper in September
and the political wrangling in Washington has negatively impacted the Dollar.
The point I want my readers to take away from the chart above is that the Dollar has dropped out of
a "rising wedge" pattern (purple dotted lines) which is a bearish indication. However, I'm not
sounding an alarm yet. Anyone involved in the FOREX (foreign exchange) market knows these
types of signals can change on a dime. In the short term, I actually expect the dollar to strengthen
based on inverse head and shoulders patterns on the Dollar/British Pound cross & the Dollar:Swiss
Franc cross. But the chart bears watching in the months ahead because sustained weakness in USD
could be sending the message that the almost 4 trillion in Treasury and MBS holdings the Fed has
on its books may be a permanent liability. The implications of the prior sentence are to vast and
complicated to dissect here. I will attempt to parse these issues in future commentaries if events
start to play out in this very precarious direction.
Analysis
As stated in previous commentaries, my short term thesis is for stocks to rally to all time new highs
against a larger backdrop of tepid global economic growth and continued deflationary pressures.
These deflationary pressures refuse to dissipate which has been my main concern. In any other
environment, all time highs in stocks and continued deflationary pressures could never coexist but
for massive central bank monetary accommodation.
In the street's view, one of the biggest challenges stocks seem to have is growing earnings and the
"top line" (revenues) in this muted economic environment in which we find ourselves. There are
6. some on the street concerned that the projected inability for corporations to grow their "top line"
will eventually impact earnings. And to this I would not disagree but only to respond that so long
as the Fed continues to maintain their asset purchases and Wall Street continues to play the game of
lowering earnings expectations enough so that companies can beat them, when, since 2008, have
earnings ever been the key factor as to when stocks as a group move up or down? Or far that
matter, can anyone honestly identify where we are in the business cycle with all the distortions that
the Fed has created?
As I write this I can visualize a comatose patient on life support. And I would not want my readers
to believe this is exactly where we're at in the financial markets and economy but, in my heart of
hearts, I do believe the vision is not far from the mark!
Gold's demise should not be dismissed as an isolated event. As a predictor of future inflationary
pressures its continued beating since it's all time high of September, 2011, in the face of multiple
central banks attempting to reflate the global economy speaks to the failure of that experiment. The
present weakness is telling us that the risk of the economy sinking into deflation is greater than
anyone on Wall Street, the Fed or Washington is willing to admit to.
Here's an update of a chart I've posted in previous commentaries that serves to illustrate the
ineffectiveness of the Fed's reflation policy up to this point:
(click on chart for larger image)
This is a ratio chart of the iShares Barclays TIPS (Treasury Inflation Protected Securities) ETF and
the iShares Barclays Seven to Ten Year Treasury ETF. Simply, the idea behind the ratio is that
when investors perceive the threat of inflation, TIPs will outperform regular yielding debt
instruments and when there is no threat of inflation, non-protected Treasuries will outperform TIPs.
As you can see, the ratio has been trading in a pretty defined channel since 2009. Notice the black
arrow to the right of the chart when the ratio dropped precipitously earlier this year. We're now in
the midst of a mild bounce. Until we start seeing upside pressure on this chart the lack of
inflationary pressures in this "recovery" is a danger signal that must be heeded by investors. Ditto
the chart below:
This is a chart of the Dow Jones UBS Industrial Metals Index ($DJAIN) with the S&P 500
superimposed upon it (white line). I've mapped out the entire history of QE and its diminishing
effects on commodities as paper assets continue to rise:
7. (click on chart for larger image)
I'm not trying to paint a bleak picture. But it is what it is! The chart reflects a very minor uptick in
industrial commodity prices since August. At the same time, we must remember that commodities
are the "Johnny come lately" to the business cycle (where ever we may be in that cycle) and I still
hold out hope that central banks can manage to maintain the equilibrium of the past few years until
the global economy can gain traction.
In the meantime, Yellen's nomination gives the markets assurance that the Fed will continue to
"float all boats". If/when we get this noise in Washington out of the way, this market is going
higher; maybe a lot higher. I'm starting to consider that my target of 1800 on the S&P may be
exceeded by Christmas. Certainly, without any other headwinds in the global economy, it will be
exceeded in 2014. However, we need to be cognizant of the continued inability of the planet to
shake the deflationary stranglehold it finds itself in.
Weak to negative real wage growth in developed countries will continue to feed the deflationary
juggernaut and the psychology behind that feeble wage growth is already impacting consumer
attitudes by forcing choices between products and industries that, in the past, did not have to be
made. Retail stocks took a beating earlier this week before rebounding with the general market on
negative news out of a few retailers and dismal forward guidance from the industry generally. If
you have to pay $100/month to maintain your iPhone, you pass on the cashmere sweater. And this
is the result of real incomes being squeezed as part time work becomes the norm.
Another negative impact is Obamacare. I had the opportunity to speak to an insurance professional
this morning who markets health insurance plans to small and medium size businesses. Health care
premiums to his customers have jumped 20 to 30% since the passing of Obamacare and some of his
clients are facing huge fines if they do not insure their staffs. The problem is they can't afford to
insure their staffs. So, the logical effect is a contraction in these businesses. As I ponder
Obamacare, my mind goes back to 1936 when the Roosevelt administration raised taxes on
corporate profits and 1937 when that administration introduced payroll taxes to fund the Social
Security program. The resulting contraction in subsequent years deeper than the initial depression
of the early 1930's. It eventually took a world war to get us out of the economic morass of the
1930's.
In the short term, I believe the market got a bit ahead of itself with the monster rally we had on
Thursday. There is still no deal in Washington and the perceived notion that the two sides must
come together after the dismal approval ratings that some polls reflected this week may prove to be
8. a mistaken assumption. I remember the same optimism in July, 2011 which quickly disappeared.
As I write this on Saturday morning a breaking news report just hit the wires that Obama and
Boehner have reached an impasse. I'll be quite surprised if anything substantive comes out of
negotiations this weekend. Expect considerable volatility next week. And we may well be setting
up for a "buy the rumor; sell the fact" event if/when a deal is reached; being that the deal will most
probably be too temporary and lack any real substance for the street's liking. Another "kick the can
..." announcement may not placate investors this time. We shall see ...
Have a great week!