Economic crisis is global; reaching critical mass

Mr. Obama, the economy is NOT doing well…anywhere!

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1/15/16 – The news is not getting any better for the economy.  Today the DOW plunged another 391 points wracking up a 1,437 point drop just in the first two weeks of the year.  The S&P lost 2.3%, and NASDAQ lost 2.7% to the lowest level since October 2014.

RBS just announced emergency advice Continue reading “Economic crisis is global; reaching critical mass”

Sell everything! 2016 will be a ‘cataclysmic year,’ warns RBS

“Sell everything…except high quality bonds,” warned Andrew Roberts in a note this week.

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1/12/16 – That harrowing advice is from The Royal Bank of Scotland, which has warned of a “cataclysmic year” ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go. Continue reading “Sell everything! 2016 will be a ‘cataclysmic year,’ warns RBS”

Oil slides below $30; down 19% this year alone

“The fundamental situation for oil markets is much worse than previously thought,” Barclays

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1/12/16 – Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% plunge from crude oil’s June 2014 peak of almost $108.  Continue reading “Oil slides below $30; down 19% this year alone”

DOW has worst four-day start to a year on record

The global market freakout of 2016 just got worse.

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1/6/16 – China’s stock market falls 7%; DOW tumbles 911 points or 5%, the worst four-day percentage loss to start a year on record.  NASDAQ DOWN 6% just so far this year, its worst start to a year since 2000. Continue reading “DOW has worst four-day start to a year on record”

Terry Sacka: Fed rate hike could be pulling the pin on the economy

“What they did was merely saving face and giving them the ability to lower that rate real soon with what is coming.”

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Terry Sacka of Cornerstone Asset Metals called it as he sees it in a TruNews interview on Wednesday, December 16th.

“The last time the Fed raised rates, the debt to GDP was 61%; now it’s 104%.  Housing starts were 2.5 million and booming; now they’re barely 1 million.  We’re not doing even remotely okay to have rates go up but Continue reading “Terry Sacka: Fed rate hike could be pulling the pin on the economy”

Fed raises rates, cites ongoing U.S. economic recovery

U.S. central bank raised the interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent

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The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.

Continue reading “Fed raises rates, cites ongoing U.S. economic recovery”

IMF executive board to vote on Yuan inclusion Nov 30

The staff nod makes approval by the fund’s board this month all but certain

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China’s yuan is poised to enter the big leagues of global currencies, according to the judgment of the International Monetary Fund.

IMF staff have recommended the yuan be included in the fund’s Special Drawing Rights reserve-currency basket, alongside Continue reading “IMF executive board to vote on Yuan inclusion Nov 30”

IMF reportedly set to elevate Yuan Nov. 30

“China’s currency is poised to enter the big leagues” alongside the dollar

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The rumors that have been circulating in recent weeks have all but been confirmed: China’s yuan, or renminbi, currency is about to secure the IMF’s approval for world reserve status. Continue reading “IMF reportedly set to elevate Yuan Nov. 30”

IMF officially greenlights the acceptance of China’s currency behind chaos of Paris attacks

Treasury Secretary Lew met with Chinese Vice Premier Wang Yang and Finance Minister Lou Jiwei on the sidelines of the G-20 Leaders Summit

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Is it just odd timing that this announcement comes behind the chaos of the Paris attacks?  Or is the quiet announcement designed to float under the radar?  Is this a classic diversion technique, for example, when criminals start a fire in one place so they can rob a bank around the corner? Continue reading “IMF officially greenlights the acceptance of China’s currency behind chaos of Paris attacks”