A serious alternative to the dollar is still a long way off, but the latest shenanigans on Capitol Hill have given the search for them renewed momentum
All great empires – from the Greek, to the Roman, the Spanish and the British - have at their heart a dominant means of exchange which is very much part of their political and social hegemony. Once upon a time, it was Roman coinage which was the world’s pre-eminent currency. In more recent times it was the British pound. Today, it’s the US dollar to which international investors flock as a safe haven for their money. Highly liquid and apparently reliable – until recently at least – nothing else comes even remotely close to the greenback’s dominant position in the international monetary system.
Continued
Is today’s move in Netflix bullish or bearish?
I can look at this chart and see:
1. a potential bearish engulfing candle (if today closes lower than yesterday’s low)
or 2. a test of the break out which can be bought and the support line as a stop to define risk.
Stock markets are now trading at new all time highs. Last week, the Federal Reserve announced that they would not cut their current $85 billion a mont…
Stock markets are now trading at new all time highs. Last week, the Federal Reserve announced that they would not cut their current $85 billion a month QE-3 program. In other words, the central bank to the United States wants to keep interest rates extremely low in order to boost the U.S. economy. They also continue to buy mortgage backed securities and U.S. treasuries to keep the recent housing boom intact. Some members of the Federal Reserve such as Richard Fisher have strongly opposed the action by the Federal Reserve, but that does not seem to change the fact that the central bank’s balance sheet is now around $4 trillion. That is a lot of money printing over the past five years and it is still growing. Next, there is the United States debt ceiling debate between President Obama and the U.S. Congress that is heating up. The U.S. debt has climbed to $16.95 trillion. Many individuals will blame President Obama for the large increase in debt, but in all fairness every U.S. president has raised the debt ceiling. The only thing that could bring down the current U.S. debt would be economic growth, but unfortunately when a country grows at 2.0 percent a year it is very difficult to bring down the U.S. debt in a meaningful way. The number of people in the United States receiving benefits from the Supplemental Nutrition Assistance Program (formerly known as food stamps) is now just over 47 million. Then there is the money spent on wars and other conflicts, some experts say that the Iraq war cost over $3 trillion alone. Is all of this spending by the United States government ever going to stop? How can a country in so much debt continue to spend money it does not have? At this time, that does not seem to matter. The stock markets remains at or near all time highs. The markets do not seem to be worried about the weak U.S. economy, the debt, the people on public assistance, or the wars. When the stock market starts to panic that will be the time to worry that the problems are becoming to big too handle. Remember, the warning signs that told us that the housing and credit bubble was about to burst started to show up late 2005 when the housing stocks topped out, but the Dow Jones Industrial Average did not top out until October 2007. At that time, the central bankers were telling us that there were no problems on the horizon, but we all know now that the great recession was already underway despite the calming words from Ben Bernanke and the central bankers. Right now we are looking at the great disconnect, but everyone should just trade until the market tells us otherwise.
Nicholas Santiago
InTheMoneyStocks.com
Lloyd a buy after de-nationalization
#NYSE : $UA · Under Armour, Inc.
40.4% gain 3-months : 56.35 -> 79.11 0.1% gain 2-weeks : 79.0 -> 79.11
1,154,500 median volume (3 months) …max: 5,778,100 …avg: 1,260,723 …min: 475,400
70.1% daily positive gains (47/67 days)
$NFLX reverses course after big gain following earnings. Reed Hastings during earnings videocast: ““Every time I read a story about Netflix is the highest appreciating stock in the S&P 500, it worries me because that was the exact headline that we used to see in 2003.” http://yhoo.it/1deOhGo
The Kenyan middle class is an emerging demographic in need of hospitality and food services. Hellofood is a business venture originating out of Berlin’s Rocket Internet e-business incubator. The business has grown to several countries including Ghana, Senegal and Morocco.
“You need to...
The British package service Royal mail was available to private investors last week, they are being advised through this process by Lazard Ltd. (NYSE: LAZ). Lazard is a financial advisory founded in 1848 with noted leaders like CEO Kenneth Jacobs. Seeing a wave of investors jumping on a chance to invest, placing orders for far more shares than being offered. They are making their full public offering on October 11th, individuals interested in investing can apply for shared but the offer is expected to close on October 8th. Positives for investing Royal Mail is well placed for growth from online shopping. Leading provider of postal services in the UK Royal mail has been restructuring to be more efficient since 2008 Negatives of investing Letter volume continues to decline as digital press increases. Disputes with trade union could disrupt national distribution Performance is effected by macroeconomic trends Has an aging IT infrastructure.
http://aclassasset.blogspot.com/2013/10/royal-mail-goes-public-as-advised-by.html
Let’s close out 2013 with this: The 20 smartest things Jeff Bezos has ever said. (You’re welcome.) http://www.fool.com/investing/general/2013/09/09/the-25-smartest-things-jeff-bezos-has-ever-said.aspx#.Ur5ADWRDvRc
We have been following KKR's on going investment crusade in Asia. As part of their $6 billion dollar asian fund, the New York based firm has been investing all over the region. There is speculation that much of KKR's foreign investments are guided by its Global Institute.
Some of the countries they have so far invested in this year include Indonesia, Malaysia, Vietnam, China and Japan.
Now the firm is likely to announce in the coming weeks a major investment into India's Gland Pharmaceuticals. This deal would be worth around $150 million and would be the second sizable India investment in six months. In April KKR bought a controlling stake in India's Alliance Tire Group from Warburg Pincus LLC for what sources estimate to be around $500 million.
Gland Pharma was started in 1978 and makes active pharmaceutical ingredients and formulations for a number of different injections.
Investments have been falling in India. Compared to this time last year the amount of private equity investments has dropped 67%.
This is a review of the weeks news in the financial market as well as tips for investing and managing your financial assets.
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