Worst Week for the Dollar since 2015-2016, While Stocks Continue to Recover
I always read over Marc Chandler’s site when I get to my computer. The post below is a great example of the content he breaks down. I find it gives me a great overview of what is happening in a wide range of markets. This post more of an overview of currency and market moves for the week.
Click here to visit Marc’s website for more great content.
U.S. DEPUTY AG ROSENSTEIN SAYS AFTER THE ELECTION, RUSSIANS STAGED RALLIES BOTH TO SUPPORT AND TO OPPOSE TRUMP
To summarize: in 2014, 13 Russians launched a campaign to interfere with the US political system by “disparaging” candidates. This continued until ultimately Trump was elected, meanwhile, “there is no allegation in this indictment that any American was a knowing participant in this illegal activity. There is no allegation in the indictment that the [Russians’] conduct altered the outcome of the 2016 election.”
WHO IS ON FIRST…..Abbot and Costello
https://www.youtube.com/watch?v=kTcRRaXV-fg
Numb Nuts…….Russia is not going to cooperate…….https://www.zerohedge.com/news/2018-02-16/russia-responds-absurd-election-meddling-allegations
Rosy is not going to get any extraditions…….What a moron
DRAIN THE SWAMP……..
mueller indicts !!!! Is he of his fecking head, the guy is madder than a box of scorpians,i suppose the next thing he does, is order them to come to the US & give testemony before one of those crazy commities congress keep setting up in order for those sitting on said kangaru courts so they can pay themselfs extra in expensis………
The crazy B*****D.
The Stars ******** are lining up on the B’s
Meanwhile the gold miners are falling apart and are looking to totally collapse soon. Wow.
Dollar up…….Dow…less than a dollar up
that was at 2:38
The sellof into mid february in the miners was just too steep and brutal to form a V off the first bounce. Nope we are going lower in the next 5 weeks and in all likelihood the recent low will be taken out by the end of it. I’m going to guess that the $HUI is going to hit 125 by then. And then it will be a long hard grind back up to current levels. No real rocket shots for another decade.
Same old story….
Yellen does not carry the ball anymore……….. 🙂
Please don’t insult Lucy like that.
Ok…..then we will just say……Charlie is a slow learner……. 🙂
RUST BELT might be getting some jobs……..
https://www.zerohedge.com/news/2018-02-16/wilbur-ross-hold-briefing-steel-aluminum-reports
How about some pie in the sky….chem candy for Italy…..Could be Monsanto With Love
https://www.youtube.com/watch?v=F5QmviTOTXc
Or INCREASED AIR TRAFFIC>>>>>>not
The “BASTARDS” are killing us . There has been a huge increase in cancer, menthal health problems, obesity, & all sorts of ailments…………….MONSANTO,BIG PHARMA< & CORRUPT POLITICIANS TAKING BACKHANDERS. A plague on all their houses.
OOTB,
You obviously don’t fly much.
I don’t know if traffic is increased or flights are less, but the planes are often filled up now.
CFS…….U obviously did not watch the tape…… 🙂
The tape has nothing to do with the AMOUNT OF AIR TRAVEL…..
Another ASSHOLE opens his mouth & spews SHIT….Why do these people think they rule the world, & everybody must bow down to them…..
The US bullying empire is finished…GET OVER IT.
https://www.zerohedge.com/news/2018-02-16/admiral-warns-us-must-prepare-possible-war-china
Ditto……..I was going to post that , but, I thought I had posted enough for the day…
THANKS FOR POSTING>>
If Trump was not The President and Hillary was, who close to that administration, with secret knowledge would turn state’s witness against The Clinton Gang. A suicide would be arranged which would be no suicide at all. I wonder what the mortality rate would be for those who would be in on the secrets. Trump is up against all of this rascality that has been going on for years yet the media stills portrays him as being evil, just think of the robbery that has never been allowed to be published in the past.
DT…So long as the Zs” rule America, nothing will change, as i said years ago on this site, hitler went against the the “WRONG” part of the tribe.
Grand daddy BUSH……leader of the pack…..
Stalin was purging them; then Hitler interrupted.
Billionaires never ( SAVE ) Ordinary People ! ! ! STRONG STUFF ! https://www.youtube.com/watch?v=-hLpjl4qcSM
The Real Stuff off USA BRAIN DEAD TV ! https://www.youtube.com/watch?v=8hUOUNZrbBg
Coming to a neighborhood near you in the future?
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s electricity utility said Friday it will dial down the power generation starting this weekend as a federal control board urgently seeks a $300 million loan for the troubled utility after a judge rejected a previous $1 billion loan request.
The announcement comes as nearly 400,000 power customers across the island remain in the dark more than five months after Hurricane Maria hit the island, causing the longest blackout in U.S. history.
Ernesto Sgroi, president of the governing board of Puerto Rico’s Electric Power Authority, said the reduction in power generation would start Sunday and was not expected to interrupt service. But he warned it could destabilize a power grid still being repaired after it was heavily damaged by Maria.
A difference between the US and Puerto Rico is the ability to print money.
I read the things posted on this blog and am continually amazed.
People seem to think the world is normal. Debt is high, but no big deal.
Am I crazy, or are y’all crazy?
I don’t see any way out of this economic mess……that most of the world is in.
Banks are going to print their way forward, in order not to solve the problem, but merely to extend the status quo. (I can’t see them being able to spend and borrow indefinitely, however)
As long as ALL the Central Banks print, the relative values of currencies can not change much.
But there is a LIMIT to the amount of debt banks can hold on their balance sheets.
The world currently exists in a metastable balance in which interest rates are held low.
But it is only stable as long as all the Central Banks cooperate.
Do you seriously think that if China is not given it’s desires over the S. China Sea there will not be a financial war?
Do you seriously think that if the U.S. does anything seriously adverse against N. Korea, the financial system would not have problems.
How about Iran?
It seems to me the odds of financial turmoil, in the relatively near future, are great.
It is not clear to me there will be surplus money around to buy precious metals.
Just as in the great post 1929 depression, PMs may well drop, until the depression drives costs down low enough for miners to be profitable. I’m going to be re-reading “Human Action”, von Mises, this weekend to see if I can find any hope.
Trump just the doorman………..
https://www.zerohedge.com/news/2018-02-15/trump-disposable-hes-doorman-deep-state-runs-show
Lifted from Chris M.
Consider that, under the Greenspan/Bernanke/Yellen Federal Reserve, the following has occurred:
Pension plans, both public and private have been ruined. Millions of future retirees and taxpayers will not have trillions of dollars they would and should otherwise have to support them in their later years.
Income inequality is at the highest its been in over 100 years
Wealth inequality is also at historical extremes
Student debt is now nearly $1.5 trillion, up ~ $1 trillion since 2007
More than a trillion dollars of interest payments on savings accounts has been forfeited — denying funds to the next generation for use in business creation, household formation, and education.
Total debt in the US and globally is up massively since the 2008 Great Recession (itself a central banking accident), and now stands at more than $233 trillion worldwide.
These are among a few of the destructive results of the Federal Reserve’s decision to lower interest rates to 0% in order to reward the big banks, well connected private equity firms, and unrestrained government borrowing.
People think that rising inflation is bearish for the stock market. This isn’t true. The stock market goes up more than it goes down when inflation goes up.
http://bullmarkets.co/study-rising-inflation-is-not-bearish-for-stocks/
Keep in mind that the CPI grossly understates inflation today and was much more accurate in the 1970s.
Inflation is a big problem for stocks when interest rates are rising and the economy is weak. That was the situation in the ’70s and is the situation that is developing now. But, unlike the ’70s, debt is a problem that almost can’t be overstated.
CYA>>>>>>
Mueller what a Joke
https://www.zerohedge.com/news/2018-02-16/special-counsel-robert-mueller-indicts-13-russians-hacking-during-us-election