Monthly Archives: July 2014

Federal Reserve likely to end QE stimulus program in October

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“The Federal Reserve is set to end its economic stimulus program in October, bringing to an end the controversial five-year-old scheme even as officials said there were signs that the US economy was still in trouble.  Officials have been winding down their monthly purchases of Treasury bonds and mortgage-backed securities since January, but had not set an end date for the scheme.  Controversial from the outset, QE was designed to keep long-term interest rates down and encourage investors to back stocks or corporate debt in order to stimulate the economy. Stock markets have hit record highs under QE yet the unemployment rate remains high and there are continuing signs of weakness.”

http://www.theguardian.com/business/2014/jul/09/fed-qe-stimulus-program-october

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Corporate Bonds Are The IEDs Of Monetary Central Planning

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“The Fed’s sustained, heavy-handed financial repression has generated the greatest ever scramble for yield, and it is now entering its seventh year. Consequently, speculators and bond fund managers are all in the same side of the boat. And all but the most intrepid traders are scared to death to short the Fed, fearing that any day it might uncork yet another round of bond market repression.  So we have basically a highly artificial one-way market in corporate bonds—both investment grade and high yield. Very recently yields in the latter touched an all-time low of 4.87%, meaning that after inflation and taxes there is virtually no room for losses on securities that are called ‘junk bonds’ for a reason.”

http://davidstockmanscontracorner.com/corporate-bonds-are-the-ieds-of-monetary-central-planning-they-will-be-exploding-along-wall-street-soon/

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The market’s biggest driver: company stock buybacks

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“Companies purchasing their own shares represent the single biggest category of stock buyers today, according to a study this month by Jeffrey Kleintop, chief market strategist at brokerage firm LPL Financial.  Only one other major group, individuals, is a net stock buyer now and individuals are buying less than corporations, Mr. Kleintop found.   Of six major groups he identified, hedge funds, foreigners, insiders and investment institutions such as pension funds and insurance companies all are net sellers, he found. He used data from the Fed, the U.S. Treasury, FactSet, the Investment Company Institute and other sources.”

http://money.msn.com/top-stocks/post–this-is-the-markets-biggest-driver

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Gerald Celente on Marijuana Legalization and OccupyPeace

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“We’re initiating a project called OccupyPeace.us. And it’s based on three words: No foreign entanglements. Those are the three words spoken by the Founding Fathers of this country. We want to rebuild America and the way we want to do it is we’re working to build an OccupyPeace movement based on no foreign entanglements and we’re working to push the United States more in line with a direct democracy like Switzerland. You want to go to war? Let the people vote. You want a defense budget? Let the people vote on it. You want to bail out the banks? Let the people vote. If we can bank online we can vote online. It could be more open than any other system in the world.”

http://www.thedailybell.com/exclusive-interviews/35448/Anthony-Wile-Gerald-Celente-on-Marijuana-Legalization-OccupyPeace-and-the-Solution-to-Government-Gangsterism/

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Silicon Valley Start-Up Company Powers Homes With Sound Waves

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“Imagine a household appliance that could provide electric power for your home as reliably, affordably and inconspicuously as your kitchen refrigerator provides cold air for your perishables.  The technology is called thermoacoustics and it uses sound to turn heat into electric power. That’s right, ‘sound.’  The Power Stick is less than 32 inches in length and 10 inches in diameter. It weighs less than 60 pounds and is quiet enough to be placed in your kitchen.  The Power Stick (or, TAPS) produces between one and four kilowatts (KW) of electrical power and 15 and 30 KW of thermal energy (i.e., heat) with a total system efficiency above 90%.”

http://www.forbes.com/sites/williampentland/2013/12/10/silicon-valley-start-up-company-powers-homes-with-sound-waves/

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Mexico: The World’s New China

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“Mexico is now the 7th largest auto producer in the world, with China and the US in the lead.  While labor costs play a significant role in the growing production disparity between Mexico and Brazil, Mexico also has the advantage of lower taxes and duties. So while most of the cars made in Brazil remain in that country, 8 of every 10 cars produced in Mexico ultimately end up being exported with more than half arriving here in the US.  In addition to lower labor costs and taxes, Mexico is winning a bigger slice of the automotive pie thanks to its relatively well-educated labor force, as nearly half of working Mexicans have a secondary education as compared to less than 15 percent a decade ago.”

http://www.investingdaily.com/20711/mexico-the-worlds-new-china-2/

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Why Crude’s at Home in Triple Digits

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“The idea that Brent and WTI prices are substantially higher than they were a few years ago still troubles people. After all, isn’t oil consumption down? Yes and no. Oil consumption has indeed declined in the US and the European Union, but the increases in consumption in developing countries have more than offset this. Global demand has increased by 6 percent since 2008, driven by double-digit consumption growth in every developing region in the world.  While oil production in the US has outpaced changes in US demand, that’s not the case for the rest of the world. The rapid growth in demand in developing regions has kept oil prices stubbornly above $100/bbl.”

http://www.investingdaily.com/20699/why-crudes-at-home-in-triple-digits-2/

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Dubai to Build the First Air-Conditioned Mini-City

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“Dubai has unveiled plans to build the largest mall and biggest indoor theme park in what will be the first temperature-controlled mini-city.  The 8-million-square-foot shopping center, dubbed Mall of the World, will include 100 hotels, a medical resort, event facilities, and a theater district—all of which can be shielded from the elements by a large retractable roof. The developer also wants to cash in on the growing medical tourism industry, which counts an estimated 750,000 people a year from the U.S. alone. The Mall of the World will have a 3 million-square-foot health-care complex providing specialized surgery and cosmetic procedures.”

http://www.businessweek.com/articles/2014-07-11/dubai-to-build-the-first-air-conditioned-mini-city

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London Seeks New Spenders as Russians Skip $719 Champagne

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“With violence continuing in Ukraine and President Vladimir Putin pushing to reduce reliance on the West, wealthy Russians are buying fewer high-end goods from furs to Ferraris, and doing less business with the city’s law firms and investment banks. That leaves London, uniquely connected to faraway, fast-growing economies, looking for new patrons, with China and sub-Saharan African countries pitched as possible successors.  Takeovers involving Russian companies, often handled by the London offices of global banks, tumbled 39 percent in the first half of 2014 to $16.6 billion, Bloomberg data show. Russian firms are having a tougher time raising money too.”

http://www.bloomberg.com/news/2014-07-10/london-seeks-new-spenders-as-russians-skip-719-champagne.html

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Russia writes off 90% of Cuba’s debt ahead of Putin L. America tour

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“Russia has written down $32 billion of Cuba’s Soviet era debt. Russian President Vladimir Putin signed the law ahead of his official visit to Latin America, with Havana as his first stop.  The agreement was first signed in October 2013 and draws a line under a twenty-year dispute.  Cash-strapped Cuba has been feverishly trying to restructure its debt to jump start its economy and attract investment. Three years ago it restructured $6 billion it owes to China, and in 2012 Japan forgave about $1.4 billion.  Mexico recently forgave $478 million of Cuban debt.  Cuba remains a strong ally of Russia, with trade between the two countries at about $200 million last year.”

http://rt.com/business/172020-russia-cuba-debt-writeoff/

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