Martes 13/10/15 Indice optimismo pequenios negocios

[Fenix]

This "Unlivable $350,000 Shack" Is The Cheapest Home In San Francisco
Submitted by Tyler D.
10/09/2015 - 17:10

This worn-down, decomposing wooden shack that was built in 1906, and the interior is unlivable in its current condition. The San Francisco house is also selling for $350,000.


The Problem Explained In 110 Words
Submitted by Tyler D.
10/11/2015 - 12:29

"...declining velocity of money requires an ever rising level of monetary stimulus, which further depresses velocity of money, and requiring even further QEs. Also as countries compete in a diminishing pool by discounting currencies, global demand compresses, as current account surpluses in these countries rise not because of exports growing faster than imports but because imports decline faster than exports. This implies less demand for the global economy."

[admin]

CURRENCIES7:57 PM EDT 10/13/2015
LAST(MID) CHANGE
Euro (EUR/USD) 1.1386 0.0006
Yen (USD/JPY) 119.77 0.03
Pound (GBP/USD) 1.5253 0.0005
Australia $ (AUD/USD) 0.7221 -0.0024
Swiss Franc (USD/CHF) 0.9579 0.0001
WSJ Dollar Index 87.44 0.01
GOVERNMENT BONDS7:58 PM EDT 10/13/2015
PRICE CHG YIELD
U.S. 10 Year -1/32 2.046
German 10 Year -3/32 0.590
Japan 10 Year 2/32 0.320
FUTURES7:48 PM EDT 10/13/2015
LAST CHANGE % CHG
Crude Oil 46.67 0.01 0.02%
Brent Crude 49.64 -0.61 -1.21%
Gold 1167.9 2.5 0.21%
Silver 15.880 -0.027 -0.17%
E-mini DJIA 16956 -17

[Fenix]

The Fed's "Communication Strategy" In Just Three Headlines
Submitted by Tyler D.
10/12/2015 - 11:56

* September 2013: EVANS; NO RATE HIKE UNTIL LATE 2015 (source)
* March 2014: EVANS: NO RATE HIKE UNTIL EARLY 2016 (source)
* October 2015: EVANS: MID-2016 BEST CHOICE FOR LIFTOFF



Deflation = Debt + Demographics + Disruption
Submitted by Tyler D.
10/12/2015 - 11:34

The cyclical fallout from the Great Financial Crisis and the secular deflationary “D’s” of excess Debt, tech Disruption, aging Demographics have been the major catalysts for deflation.


Why Gold Is Surging: BofA Says To Expect A "Massive Policy Shift In 2016"
Submitted by Tyler D.
10/12/2015 - 08:09

"The secular reality of deflation & inequality is intensified by recession & rising unemployment, investors should expect a massive policy shift in 2016. Seven years after the west went “all-in” on QE & ZIRP, the US/Japan/Europe would shift toward fiscal stimulus via government spending on infrastructure or more aggressive income redistribution. …buy TIPs, gold, commodities, Main Street not Wall Street."

[Fenix]

Dell Buys EMC In Record $67BN Deal: Creates "World's Largest Private Integrated Tech Company"
Submitted by Tyler D.
10/12/2015 - 07:22

Just when you thought the M&A boom is over after a surge in bond yields that Goldman has repeatedly dubbed as "recessionary", and which will make the debt cost of any funding so high that there is barely any room for execution error, moments ago as had been extensively leaked previously, private Dell announced it would acquire tech giant EMC in a deal valued roughly $67 billion, while maintaining VMWare as a publicly-traded corporation. Good luck with raising the tens of billions in debt the deal will require: our best wish to Barclays, BofA, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, RBC who will all be underwriting the required debt financing to Dell.

[Fenix]

Fed Quietly Revises Total US Debt From 330% To 350% Of GDP, After "Discovering" Another $2.7 Trillion In Debt
Submitted by Tyler D.
10/11/2015 - 20:26

The Fed has managed to kill two birds with one stone: it no longer provides a simple, one-stop-shop way to reconcile the total US credit stock, and it quietly boosted total US consolidated credit by $2.7 trillion to $62.1 trillion as of June 30, 2015.


The Mindless Stupidity Of Negative Interest Rates
Submitted by Tyler D.
10/11/2015 - 19:35

"...pushing rates into negative territory works in many ways just like a regular decline in interest rates that we’re all used to." That’s false - Negative interest rate proponents ignore the basic tenets of double entry accounting. We know that it is categorically false the negative rates are working in Europe. So what has happened to European bank deposits since the ECB instituted negative rates? They have shrunken. Has one single mainstream economist or proponent of negative rates mentioned that, ever? I suspect not. But facts have a way of eluding mainstream economists and central bankers.

[Fenix]

Baltic Dry 'Bounce' Is Dead - Freight Index Lowest In 29 Years For Time Of Year
Submitted by Tyler D.
10/12/2015 - 15:05

Since the mid-July peak, when Jim Cramer warned the market's "last shred of hope was the freight index holding up," The Baltic Dry Index has been in free fall (at a time with very positive technicals). In fact, today's drop to 809 is the lowest in over 3 months and the lowest for this time of year since 1986!!


Global Deflation Alert: Hidden EM Debts To China Could Be Immense
Submitted by Tyler D.
10/12/2015 - 12:45

Though emerging economies’ debts seem largely moderate by historic standards, it seems likely that they are being underestimated, perhaps by a large margin. If so, the magnitude of the ongoing reversal in capital flows that emerging economies are experiencing may be larger than is generally believed – potentially large enough to trigger a crisis. In this context, keeping track of opaque and evolving financial linkages is more important than ever.

[Fenix]

The Oldest Trick In The Book: Here Is How Johnson & Johnson's "Beat Earnings" Despite Sliding Revenues
Submitted by Tyler D.
10/13/2015 - 08:45

When looking at JNJ's EPS line, things were not nearly as bad, because despite a 7% slide in revenues and a whopping 40% collapse in pretax net income, somehow JNJ reported Q3 non-GAAP EPS of a solid $1.49, actually beating consensus of $1.45, and only 7% lower than a year ago. Hardly terrible... until one looks at the detail and finds the "oldest accounting gimmick in the book": adjusting the tax rate.


JPMorgan Misses Across The Board On Disappointing Earnings, Outlook; Stealthy Deleveraging Continues
Submitted by Tyler D.
10/13/2015 - 16:52

Maybe we now know why JPM decided to release results after market close instead of, as it always does, before the open: simply said, the results were lousy top to bottom, the company resorted to its old income-generating "gimmicks", it charged off far less in risk loans than many expected it would, and its outlook while hardly as bad as it was a quarter ago, was once again dour.

[Fenix]

Gold’s “Bigger Question” Is Where To Store It - Marc Faber
Submitted by GoldCore on 10/13/2015 07:19 -0400


Gold’s “Bigger Question” Is Where To Store It – Marc Faber

Marc Faber has again encouraged individuals to own physical gold, to be wary of possible government confiscation and said that the big question is where to store your gold.

“ … But I would say an individual should definitely own some physical gold...The bigger question is where should he store it?"



“Because I think if we think it through, the failure of monetary policies will not be admitted by the professors that are at central banks.



They will then go and blame someone else for it and then an easy target would be to blame it on people that own physical gold because they can argue, well these are the ones that do take money out of circulation and then the velocity of money goes down … we have to take it away from them.”


That has happened in 1933 in the US...


With our brilliant governments in Europe that follow US policies and with the ECB talking every day to the Federal Reserve, they would do the same in Europe, take the gold away from people.”



Marc Faber is an eloquent advocate of owning physical gold which he describes as being a way to become “your own central bank.” He believes an allocation to physical gold will serve as vital financial insurance and that Singapore is the safest place to own gold in the world today.

Watch the complete interview with Marc Faber on the GoldCore.com blog

Watch Marc Faber Webinar on Storing Gold in Singapore

Download Essential Guide To Storing Gold In Singapore



DAILY PRICES
Today’s Gold Prices: USD 1154.40, EUR 1014.95 and GBP 757.16 per ounce.
Yesterday’s Gold Prices: USD 1164.20, EUR 1021.54 and GBP 758.14 per ounce.
(LBMA AM)



Gold in USD - 1 Year

Gold was marginally higher yesterday and finished $5.10 higher, closing at $1162.40. Silver closed at $15.85, up $0.1 for the day. Euro gold rose to €1023 per ounce, platinum gained $16 to $993 per ounce.