ES Trading

[new_trader]

*LOL* @ The Keynesians

Japan’s Trade Deficit Widens as Export Growth Weakens: Economy
http://www.bloomberg.com/news/2014-...idens-more-than-forecast-as-exports-slow.html

Reflationary Drive

Abe’s drive to shake off more than a decade of deflation and economic drift helped drive down the yen, boosting profits of exporters such as Toyota Motor Corp. even as shipment volumes remain sluggish. Export volumes fell 2.5 percent in March from a year earlier.

At the same time, the Japanese currency’s 19 percent drop since Abe came to power in December 2012 has boosted import values, contributing to 21 straight monthly deficits -- the longest slide in comparable data back to 1979.

A 19% reduction in purchasing power isn't enough to fix things?

Maybe you should try driving the Yen down to ZERO and see if that "boosts exports"!

...Dumbass Keynesians...







35,967

 

[new_trader]

Gold standard good or bad?

The Bretton Woods system

On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold. This brought the Bretton Woods system to an end and saw the dollar become fiat currency.[1] This action, referred to as the Nixon shock, created the situation in which the United States dollar became a reserve currency used by many states. At the same time, many fixed currencies (such as GBP, for example), also became free-floating.

Source: http://en.wikipedia.org/wiki/Bretton_Woods_system


Now, do a search for the following: INCOME INEQUALITY CHART

Look at the trends since 15 August 1971.


(I'm sure the modern economists and Government apologists will ignore the obvious and come up with a convoluted explanation.)






36,060

 

[new_trader]

The Crash of 1929

For those who keep insisting that markets change and that "Things are different this time", I strongly recommend you watch this documentary. It was made around 20 years ago and although it was about The Crash of 1929 it could just as well have been about the Crash of 2008, all you need to do is change the date and some names. If you ask me, it is also a warning of what we will experience in the not too distant future. By my reckoning, we are in the mid 1920's.


http://www.pbs.org/wgbh/americanexperience/films/crash/player/



"There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again."
-Jesse Livermore


"Those who cannot learn from history are doomed to repeat it."
-George Santayana








36,120

 

[new_trader]

Deflation and Debt repayments esp Gov.

Greetings all. My Question is why does deflation effectively increase debt repayments?

Ive been reading up alot about this and still cant get my head around the examples.
I want to especially know why deflation would be bad for the US government in relation to them servicing their debt. Could this lead to a default of the Biggest economy in the world?

Please could someone give me layman example of how to understand deflation and debt. and also what this scenario could mean for the US.

Thank you

Anakin asked a very interesting question and I thought I’d wait before giving my reply to see what kind of answer he would get. It came as no surprise that he got very few answers, and the few he got were half-baked Keynesian nonsense.

The definitions of Inflation and deflation has been changed by Government and I will go into more detail about that at a later date, but for now I will answer the question using the current definitions of Inflation/Deflation used by Governments and the establishment media.

"Why does deflation effectively increase debt repayments?"

As someone correctly stated, deflation does not increase debt payments, it only increases the value of the currency in which the debt has been incurred. Imagine it this way: If you borrowed 5 ounces of gold from someone when it was US$1000 ounce and now gold is $1270 ounce, you still owe 5 ounces of gold even though the value has gone up. This looks like it is a problem because you now have to buy back the 5 ounces of gold at a higher price. But if your income is being paid in gold it makes no difference. You owe 5 ounces of gold regardless of its value.

"I want to especially know why deflation would be bad for the US government in relation to them servicing their debt."

Governments earn their income through TAXATION. Some of the main sources of taxation are:

1) Income Tax
2) Sales Tax
3) Capital Gains Tax
4) Property Taxes i.e. Stamp Duty etc.

Most, if not all, taxes are a calculated as a percentage of prices so it follows that the higher the price the higher the tax revenue is for the Government. This is why Governments like rising property prices, stock prices and goods and services prices because they earn more tax revenue as prices go up. Inflation also pushes people into a higher tax bracket which again means more money for Government. Of course, the reverse is true, falling prices means lower tax revenue which means less money available to repay debts, service welfare payments, war and all the other things Government squanders money on. This is why the establishment media tries to brainwash us into thinking deflation is terrifying when the truth is it is Government that is terrified of it. We all benefit from things getting cheaper.

"Could this lead to a default of the Biggest economy in the world?"

Here is where it gets a little complicated, so I will try to keep it simple for now.

The simple answer is NO, because as the MMT crowd will explain: "Governments with the power to issue their own currency are always solvent, and can afford to buy anything for sale in their domestic unit of account even though they may face inflationary and political constraints"

Basically, Governments that have monetary sovereignty can dishonestly default by issuing new money to repay debts. The reason this is called a dishonest default is because currency loses value as more of it is issued. Therefore debts are repaid with money that has less purchasing power than when the debt was incurred.

In other words there is no difference between 1) Bond holders getting repaid 50% of their money through an honest default or 2) Bond holders getting repaid 100% of their money when it has lost 50% of its purchasing power through inflation, which is a dishonest default.

"Please could someone give me layman example of how to understand deflation and debt. and also what this scenario could mean for the US."

This is a good place to start to understand why the establishment media and Governments believe that “Deficits don’t matter”

http://en.wikipedia.org/wiki/Chartalism

(N.B. I am not a proponent of MMT)







36,142

 

[new_trader]

Week 17 Summary and more about Inflation.

S&P500[ES]: The price action indicates to me that it is preparing for a major advance. As hinted in a previous post, the majority of the action appears to be in the range from the low 1840's - mid 1860's. I figure this will resolve itself in a breakout which will eventually hit what has now become my minimum target @ 1950.


Gold[GC]: The price action indicates to me that the bear market is in its death throe. If my figuring is right it should recapture the 1315 level and then move up to the low to mid 1330's within the next 2-3 weeks. There is the chance it will dip down into the 1260's and possibly 1230's first. I will lift my skirt, grab my balls and continue to stack on the dips.


I will keep a close eye on the market action to see if there are any major developments that will alter my view.

As always: DO YOUR OWN FIGURING.​

Nothing has changed in regard to my forecast on the ES (S&P500) and GC (Gold). Next week is a big NEWS week:

1. GDP
2. FOMC meeting
3. Jobless claims
4. ISM manufacturing
5. Employment Situation

The stock market has been in a holding pattern in preparation for it and it’s clear to me that it has become completely detached from any sort of economic fundamentals; they have all been superseded by one fundamental – The US FED.
My guess is that the FED is going to announce that it will continue with the Tapering and Janet will YAK about the weather and the data.

I suspect the stock market will rally more on bad news than good in anticipation of an end to the Taper, in other words, bad news is good. However, the next meeting after this is not until June 17-18. There is always a chance that bad news will become bad which will force the FED to act. Whatever the case, we are most definitely in a bull market and I don’t see anything to make me think otherwise. This market is going to the moon, inflationary boom!

N.B: All of my market forecasts are based purely and solely on Technical Analysis [Tape Reading]. I pay no attention to ‘NEWS’. I could be 100% wrong in my analysis but I can only act according to experience.

As Always: DO YOUR OWN FIGURING!​

Further to my previous post 324, I strongly advise watching these two videos. The first one is by Joseph T. Salerno who is normally an excellent lecturer but this one unfortunately is a little sloppy but it still contains valuable information. The second video is by Milton Friedman and may make some things I wrote (about higher tax brackets) a little clearer.

The important things to note are:

• NOMINAL GAINS ARE MOSTLY AN ILLUSION OF WEALTH.
• INFLATION MAKES YOU POORER AND THE GOVERNMENT RICHER.

Hyperinflation | Joseph T. Salerno

Milton Friedman - Understanding Inflation

ES @ 1860.25
GC @ 1303.6




36,223

 

[new_trader]

Myths of Trade2win

And yes, FX is accessible and deceptively simple. In reality, you could generally say that the more liquid things are, the tougher they are to trade. And FX is, arguably, the most liquid asset class out there.

This was recently posted in Trade2win and I was shocked that anyone could believe this let alone someone with experience and knowledge of the industry.

The comment itself is a paradox. If this was generally known (meaning I suppose that most people believe it to be true) then you can infer that the opposite must also be true; the less liquid an instrument is, the easier it is to trade. Therefore, the only thing anyone wanting to make easy money would need to do is trade the least liquid instrument on the planet! But I can assure you, it wouldn’t be long before everyone discovers the “secret” to making easy money and it becomes the most liquid instrument on the planet.

So trust me on this; Searching for an “easy” instrument to trade is like searching for the Holy Grail.

More importantly however, especially for a beginner, is the ability to get in and more crucially, out of a trade quickly, without suffering a huge price difference, especially if it is a loser.

To quote Wikipedia: Liquidity is about how big the trade-off is between the speed of the sale and the price it can be sold for. In a liquid market, the trade-off is mild: selling quickly will not reduce the price much. In a relatively illiquid market, selling it quickly will require cutting its price by some amount.


If you still doubt me then try the following: Look at the front month contract for the ES [ESM] and compare it to the back month [ESU] and see which one you would rather be trading.







36,635

 

[new_trader]

Gold

Gold[GC]: The price action indicates to me that the bear market is in its death throe. If my figuring is right it should recapture the 1315 level and then move up to the low to mid 1330's within the next 2-3 weeks. There is the chance it will dip down into the 1260's and possibly 1230's first. I will lift my skirt, grab my balls and continue to stack on the dips.

GC @ 1315.00


The price action in gold since I posted the above (and reiterated last week) has confirmed that my figuring so far is 100% correct. The price level to watch is 1273. If any dips fail to break below this level (or if it does but fails to remain there for any length of time (i.e. more than a few days) then it should rally above 1330 in the next few weeks and IMO will be on a trajectory to break above $1400 before the end of this year (2014).

As Always: DO YOUR OWN FIGURING







36,655

 

[new_trader]

ES1950:Target Hit.

S&P500[ES]: The price action indicates to me that it is preparing for a major advance. As hinted in a previous post, the majority of the action appears to be in the range from the low 1840's - mid 1860's. I figure this will resolve itself in a breakout which will eventually hit what has now become my minimum target @ 1950.


Gold[GC]: The price action indicates to me that the bear market is in its death throe. If my figuring is right it should recapture the 1315 level and then move up to the low to mid 1330's within the next 2-3 weeks. There is the chance it will dip down into the 1260's and possibly 1230's first. I will lift my skirt, grab my balls and continue to stack on the dips.


I will keep a close eye on the market action to see if there are any major developments that will alter my view.

As always: DO YOUR OWN FIGURING.​

ES @ 1843.50
GC @ 1297.4

My figuring was 100% correct. Target hit. So much for all the Chicken Little dunces and their “Sell in May and go away” doctrine. The markets are going to the moon; Inflationary boom!


This isn’t an official forecast but I’d say this market has another +50% to go before there is any major correction. There is a kind of hubris starting to develop...just as one would expect in an inflationary boom. Although I’m not posting much these days I still read posts on Trade2win. It’s important for me to keep in touch with how the ‘public’ is thinking!

The psychopathic Central Planners continue their financial repression while trying to brainwash you into believing that inflation is good for you. By my reckoning the next financial crisis isn’t too far away, probably around 2016-2017, but it might just be possible for the insane and psychotic Central Planners to INFLATE-REPRESS-DENY for longer than even I can imagine. But make no mistake; the Central Planners have every intention of inflating their way out this predicament. So even when (if) they start to raise interest rates it will only be a token effort to make it look as if their over leveraged economies are stronger. They will raise rates so impossibly slowly, in absurdly tiny increments to ensure they are always a long way behind the inflation curve. Don’t expect to see any Gerald Ford style “Whip Inflation Now” campaigns...that is from a bygone era when Central Planners kept inflation to a minimum as opposed to today where they are doing the very opposite. The poor and low income earners will suffer, but they are disregarded. All that matters is the deflation bogeyman is destroyed.

I notice that all the retarded Socialists aren’t concerned about anything. The clueless imbeciles who claimed that Socialism bailed out Capitalism during the 2008 panic and then jumped on the “Occupy” bandwagon don’t see any problems with what the Central Planners have created. They are probably so stupid that they believe this is a real economic recovery made possible by the “Massive Advantage” a Central Bank has with control of the money supply.

They aren’t expressing any concerns about the grotesque distortions in the economy which are the direct result of Central Planner intervention since 2008 and prior! They are so clueless they actually believe the establishment media propaganda who tells them we are experiencing real economic growth rather than inflationary growth.

But when the next crisis comes they will be the ones screaming at the top of their voice that Capitalism got out of control and “greedy” bankers are to blame. They won’t tell us exactly when the Socialist Central Planners handed the economy over to Capitalism. Their trick is more of a “heads they win tails we lose” situation. They will try and convince you that when things appeared to be good, it was thanks to the policies of our Socialist Central Planners and things went wrong when they allowed Capitalism to take over.

But I know the truth and so should everyone who has been reading my journal. Unlike the last Financial Crisis where only a few understood what was really going on and accurately forecasted the crisis, everybody should see the next financial crisis coming. There are no excuses this time.


37,771

 

[new_trader]

Inflate - Repress - Deny

The psychopathic Central Planners continue their financial repression while trying to brainwash you into believing that inflation is good for you. By my reckoning the next financial crisis isn’t too far away, probably around 2016-2017, but it might just be possible for the insane and psychotic Central Planners to INFLATE-REPRESS-DENY for longer than even I can imagine. But make no mistake; the Central Planners have every intention of inflating their way out this predicament. So even when (if) they start to raise interest rates it will only be a token effort to make it look as if their over leveraged economies are stronger. They will raise rates so impossibly slowly, in absurdly tiny increments to ensure they are always a long way behind the inflation curve. Don’t expect to see any Gerald Ford style “Whip Inflation Now” campaigns...that is from a bygone era when Central Planners kept inflation to a minimum as opposed to today where they are doing the very opposite. The poor and low income earners will suffer, but they are disregarded. All that matters is the deflation bogeyman is destroyed.

Fed Dots Ignored as Investors Focus on Yellen’s Message
http://www.bloomberg.com/news/2014-...d-as-investors-focus-on-yellen-s-message.html

Yellen brushed aside concerns about quickening inflation, diminishing labor-market slack and asset-price bubbles in a prepared statement and press conference, emphasizing the Federal Open Market Committee’s view that rates are likely to stay low “for a considerable time.”

So predictable!

Central Planners




38,206

 

[new_trader]

Gold

S&P500[ES]: The price action indicates to me that it is preparing for a major advance. As hinted in a previous post, the majority of the action appears to be in the range from the low 1840's - mid 1860's. I figure this will resolve itself in a breakout which will eventually hit what has now become my minimum target @ 1950.


Gold[GC]: The price action indicates to me that the bear market is in its death throe. If my figuring is right it should recapture the 1315 level and then move up to the low to mid 1330's within the next 2-3 weeks. There is the chance it will dip down into the 1260's and possibly 1230's first. I will lift my skirt, grab my balls and continue to stack on the dips.


I will keep a close eye on the market action to see if there are any major developments that will alter my view.

As always: DO YOUR OWN FIGURING.​

ES @ 1843.50
GC @ 1297.4

GC @ 1315.00


The price action in gold since I posted the above (and reiterated last week) has confirmed that my figuring so far is 100% correct. The price level to watch is 1273. If any dips fail to break below this level (or if it does but fails to remain there for any length of time (i.e. more than a few days) then it should rally above 1330 in the next few weeks and IMO will be on a trajectory to break above $1400 before the end of this year (2014).

As Always: DO YOUR OWN FIGURING

Although it took a little longer, my price action forecast is 100% correct. I am staying with my $1400 target for GC to be broken before the end of 2014.

ES @ 1965.75
GC @ 1327.6






38,585

 

[new_trader]

Establishment Media

Austrian Economists, 9/11 Truthers and Brain Worms
http://www.bloombergview.com/articles/2014-07-02/austrian-economists-9-11-truthers-and-brain-worms

In the film ``Star Trek II: The Wrath of Khan,'' the super-genius villain puts alien worms into people’s brains in order to subvert them to his demented cause. I think Khan could have been an Austrian economist. To those of you who have run afoul of the defenders of Austrianism on the Internet, the analogy will be clear. The Austrian worldview is like a brain worm that has infected large swathes of our financial industry, commentariat and general public. Even you, dear reader, may carry one or two of its wriggling larva inside your gray matter.

This article would easily rank as the most ill-informed, juvenile and ignorant I have ever had the misfortune of reading on Bloomberg. The establishment media must be feeling threatened because they have resorted to straw man arguments and childish name calling. The fact that this imbecile needed to use a Star Trek analogy gives you an idea of the intellectual level of the target audience

“First they ignore you, then they ridicule you, then they fight you, and then you win.” ― Mahatma Gandhi



Beam me up, Scotty!








38,694

 

[new_trader]

GC & Response to Establishment media

GC: The price action suggests that there is still plenty of supply between 1330-1350 and it is going to take time to work through this overhanging resistance. Once this supply is exhausted I expect the market to rally above 1370. A dip down to low 1300 and possibly low 1290 may precede the rally above 1370.

The price action has absolutely nothing to do with ISIL, Iraq, Syria, Ukraine...etc...etc...brain worms

GC @ 1321.3

As always: DO YOUR OWN FIGURING!​

On another note:

GREAT MINDS THINK ALIKE!:smart:

In Defense of Austrian Economics
http://www.acting-man.com/?p=31598

Bloomberg Releases an Unqualified Smear – A Good Sign?

We have previously remarked on the extremely poor quality of Bloomberg's editing, mainly in the context of the site's ongoing rape of the English language in its headlines. However, the quality of its editing processes has reached a new low when an unqualified and in places truly vile smear of the Austrian School of Economics recently slipped past its editors. Initially we didn't plan to comment on it, simply because, as the Daily Bell has put it, “one doesn't even know where to begin”. However, so many people have in the meantime mailed us the piece or a link to it that we feel compelled to address the article in a blog post.

The whole article is worth reading if you really care about your finances, history and expelling your brain worms! :cheesy:










38,828

 

[new_trader]

Bubble, bubble toil and trouble!

While the dunces in this forum are still trying to figure out whether or not there is a bubble in stocks and what the future holds, remember one thing, YOU READ IT IN MY JOURNAL FIRST!

Don't believe any of the "NOBODY COULD HAVE SEEN IT COMING" BULLSH!T!
​

Buy the f*cking dips...

I despair for anyone who 'listens' to the idiotic advice and opinions some people give. Buy stocks now? You'd have to be INSANE! Sorry, you missed the boat! I'm not liquidating my portfolio yet, but I am certainly not adding...except for gold...I just keep stacking!


T2W...the best place to find out 'public' opinion...





39,431

 

[new_trader]

Same Ol', Same Ol'

[edit]

The psychopathic Central Planners continue their financial repression while trying to brainwash you into believing that inflation is good for you. By my reckoning the next financial crisis isn’t too far away, probably around 2016-2017, but it might just be possible for the insane and psychotic Central Planners to INFLATE-REPRESS-DENY for longer than even I can imagine. But make no mistake; the Central Planners have every intention of inflating their way out this predicament. So even when (if) they start to raise interest rates it will only be a token effort to make it look as if their over leveraged economies are stronger. They will raise rates so impossibly slowly, in absurdly tiny increments to ensure they are always a long way behind the inflation curve. Don’t expect to see any Gerald Ford style “Whip Inflation Now” campaigns...that is from a bygone era when Central Planners kept inflation to a minimum as opposed to today where they are doing the very opposite. The poor and low income earners will suffer, but they are disregarded. All that matters is the deflation bogeyman is destroyed.


[edit]

Jackson Hole Message Is Labor Markets Don’t Justify Higher Rates
http://www.bloomberg.com/news/2014-...labor-markets-don-t-justify-higher-rates.html

Global central bankers led by Federal Reserve Chair Janet Yellen said labor markets still have further to heal before their economies can weather higher interest rates.

Yak...Yak...Yak...INFLATE-REPRESS-DENY...Yak...Yak...Yak...INFLATE-REPRESS-DENY...Yak...Yak...Yak...INFLATE-REPRESS-DENY...Yak...Yak...Yak...INFLATE-REPRESS-DENY...Yak...Yak...Yak...INFLATE-REPRESS-DENY...Yak...Yak...Yak...INFLATE-REPRESS-DENY...Yak...Yak...Yak...INFLATE-REPRESS-DENY...Yak...Yak...Yak...INFLATE-REPRESS-DENY...


Central Planner are so......PREDICTABLE!



new_trader keeps stacking gold







40,320

 

[new_trader]

Only retards can't see that inflation is everywhere!

I made the following post on Mar 30, 2012, 8:27am

Greater motivation hinges on whether or not you believe rising prices are a consequence of inflating the money supply. This then takes us back to the original discussion on the interest rates Governments pay on their bonds. If investors suspect that a Government is over inflating they will demand higher interest rates on the bonds. Don’t bother replying because I already know you disagree so it’s just a moot point.

My main point about shadow stats is that they earn a living by charging customers money for their statistical analysis, so if it is inaccurate or unreliable, shadow stats will go out of business. If the Governments statistics are inaccurate or unreliable, other people go out of business. Who will hold the Government to account? The average person doesn’t even understand inflation let alone bother to keep track of it.

The point about the CPI and PPI brings me back again to whether or not you believe Governments are creating inflation (inflating the money supply) and which planet I live on. I contend that I live on planet earth and that Governments are massively inflating. The fact that some producers are absorbing the inflation in reduced margins means that the inflation hasn’t fully filtered through to consumers yet and therefore won’t show up in the CPI. Producers may be absorbing inflation in other ways like shrinking packaging or a reduction in quality. These things don’t show up in CPI but is still evidence of inflation. I assert that inflation will eventually become too high for producers to absorb. However, it doesn’t escape my attention that other countries are experiencing higher inflation than reported in the U.K and the U.S...two of the biggest debtor countries on the planet...surprise surprise...

Anyway, I’m not debating this any further. This is now a case of wait and see.

Now Bloomberg reports:

From Chocolate to Beer, Shrinkflation Is Unseen Pressure
http://www.bloomberg.com/news/2014-...to-beer-shrinkflation-is-unseen-pressure.html

A former adviser to President George W. Bush, Malmgren is zeroing in on what’s come to be known as “shrinkflation” -- where companies charge consumers the same, or more, for less. That may foreshadow an overall jump in prices, an alarm she’s been sounding for a while.

“Shrinking the size of goods is exactly what happened in the 1970s just before inflation proper set in,” she writes in her new book, “Signals: The Breakdown of the Social Contract and the Rise of Geopolitics.”

It also explains why people are so agitated by a higher cost of living, writes Malmgren, who founded London-based DRPM Group, a consulting firm.

Only retards can't see inflation because they have been brainwashed by the establishment media and Government Central Planners who tell them there is no inflation...or worse...convince them that inflation is good! :-0

These retards are convinced that economic prosperity comes from a Central Bank having control of the money supply, and that creating money out of thin air has no adverse consequences.

Stock markets are up but our standard of living is being eroded everyday...

new_trader continues to stack gold



ES @ 2007.75
GC @ 1267.7

DON'T BELIEVE THE NOBODY COULD HAVE SEEN THIS COMING BULLSH!T!​

40,681

 

[new_trader]

Vote - YES

Swiss Gold Initiative
https://goldswitzerland.com/swiss-gold-initiative-2014/
Vote 'YES'


If you say No to the Gold Initiative

These will be the consequences:

• Switzerland’s economic policy will be dictated by the EU
• Swiss Franc will be tied to a weak EU and a weak Euro
• UK and Canada will hold CHF 12 billion of our gold that we might never get back
• Inflation and cost of living will increase dramatically
• Swiss National Bank will print additional CHF 100s of billions
• Swiss Franc will go down. A weak currency leads to a weak economy
• Switzerland will own at least CHF 400 billion of EU bonds that could become worthless

Can the Swiss People afford this risk?


Why vote “YES” for GOLD?

A Yes vote means that:

• Switzerland will remain a strong independent nation not influenced by EU or USA
• The Swiss Franc will be the only currency in the world (partially) backed by gold
• The Swiss Franc will be very stable, leading to a strong economy
• Swiss National Bank can no longer gamble with our economy by printing hundreds of billions of worthless paper money

new_trader recommends that you Vote 'YES'




42,660

 

[new_trader]

We're headed for a great big worldwide recession!

Oil Dominates Market Story in November as Stocks Advance
http://www.bloomberg.com/news/2014-...rket-story-in-november-as-stocks-advance.html

The dollar extended gains at the end of the month amid speculation lower crude prices will stimulate the U.S. economy while weighing on currencies of commodity-producing nations.

The current propaganda surrounding the fall in oil price proves how diabolically contradictive Keynesian economics really is, and how destructive the Central Bank practitioners of Keynesian economics really are. The drop in gasoline/petrol prices is now seen as a huge 'stimulus' to the economy because consumers, now paying less for energy, now have more disposable income to spend on other things!

WTF?!?

• Haven't the Central Bankers been trying to terrify us into thinking that falling prices (what they call deflation) is an ogre that must be defeated?
• Haven't the Central Bankers been trying to terrify us into thinking that falling prices (what they call deflation) will cause consumers to "Hold Off purchases"?

ONLY A RETARD WOULD BELIEVE IN KEYNESIAN ECONOMICS!! And the falling oil prices prove it.


The truth, that the Central Bankers will never admit, is that falling oil and gold prices indicate WEAK DEMAND because the world Economy isn't improving but instead, headed for another recession.

Q.E.4 is coming and it will make Q.E.3 look like Q.E.2​

new_trader continues to stack gold!


GC @ 1165.8
ES @ 2066.75




42,764

 

[new_trader]

Recovery fizzle?

[edited]

The truth, that the Central Bankers will never admit, is that falling oil and gold prices indicate WEAK DEMAND because the world Economy isn't improving but instead, headed for another recession.

Q.E.4 is coming and it will make Q.E.3 look like Q.E.2​

new_trader continues to stack gold!


GC @ 1165.8
ES @ 2066.75

Black Friday Fizzles With Consumers as Sales Tumble 11%
http://www.bloomberg.com/news/2014-...spending-by-11-over-thanksgiving-weekend.html

Consumers were unmoved by retailers’ aggressive discounts and longer Thanksgiving hours, raising concern that signs of recovery in recent months won’t endure.

Q.E.4 is coming and it will make Q.E.3 look like Q.E.2​

new_trader continues to stack gold!





42,892

 

[new_trader]

The Central Banker dominoes begin to topple

You're putting words in my mouth. I said: "They are counteracting a natural, free market deflation with artificial inflation. History has shown time and again that Central Banks have an appalling track record of getting this right."

The academic article backs this up. Other than that, it's a case of "If you have to ask, no answer will suffice".

The Soft-Spoken Central Bank Chief Who Sent the Markets Reeling
http://www.bloomberg.com/news/2015-...nds-markets-seismic-surprise-in-cap-exit.html

The Swiss National Bank (SNBN), which he leads, stunned markets around the world yesterday by getting rid of its three-year-old cap of 1.20 per euro on the franc in what was a major policy reversal for the typically staid institution.

Swiss franc rockets after SNB ditches euro cap
http://www.marketwatch.com/story/swiss-franc-rockets-after-snb-ditches-euro-cap-2015-01-15

"This is a very unexpected development," said Vasileios Gkionakis, currency strategist at UniCredit. "This is a clear and significant divergence from the rhetoric so far of 'enforcing the floor with utmost determination.' Medium term I am worrying about the implications on SNB's credibility...the change in language was very abrupt."

"We have suddenly and unexpectedly decided to ditch the cap that we were determined to maintain because..."





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[new_trader]

Trade2win comedy

The Swiss National Bank (SNBN) stunned markets around the world by getting rid of its three-year-old cap of 1.20 per euro on the franc in what was a major policy reversal for the typically staid institution. This is a clear and significant divergence from the rhetoric so far and will have far reaching consequences on the credibility of all Central Banks, the institutions that manage our currency, money supply, and interest rates...and what is the biggest concern for some Trade2win members??

"Which bucket shop can I trust with my pennies?"






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