Sunday, May 31, 2015
Weekend Chillout - Frim Fram
On a cold, gray and wet Sydney Sunday I thought at least the blog should have come colour, courtesy of the brilliant Sydney jazz legend Frances Madden
James Rickards - The Death of Money
From NCPAIdeas
James Rickards is Chief Global Strategist at the West Shore Funds, Editor of Strategic Intelligence, a monthly newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of New York Times best seller, The Death of Money (Penguin, 2014), and national best seller, Currency Wars (Penguin, 2011). He is a portfolio manager, lawyer, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an Op-Ed contributor to the Financial Times, Evening Standard, New York Times and Washington Post, and has been interviewed on BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Mr. Rickards is a visiting lecturer in globalization at the Johns Hopkins University and the School of Advanced International Studies, and has delivered papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community and the Office of the Secretary of Defense.
James Rickards is Chief Global Strategist at the West Shore Funds, Editor of Strategic Intelligence, a monthly newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of New York Times best seller, The Death of Money (Penguin, 2014), and national best seller, Currency Wars (Penguin, 2011). He is a portfolio manager, lawyer, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an Op-Ed contributor to the Financial Times, Evening Standard, New York Times and Washington Post, and has been interviewed on BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Mr. Rickards is a visiting lecturer in globalization at the Johns Hopkins University and the School of Advanced International Studies, and has delivered papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community and the Office of the Secretary of Defense.
Friday, May 29, 2015
Keiser Report: Bottom 99% Income
From RT
Published on May 26, 2015
Max Keiser and Stacy Herbert discuss volatility shifting the unhedged part of the economy - namely the incomes of the bottom 99 percent of the population. In the second half, Max interviews Nick Williamson, CEO of Pythia, about his new product called Credits, which is the first blockchain technology to be used by a government - in this case, the Isle of Man, to register cryptocurrency companies on the island.
Published on May 26, 2015
Max Keiser and Stacy Herbert discuss volatility shifting the unhedged part of the economy - namely the incomes of the bottom 99 percent of the population. In the second half, Max interviews Nick Williamson, CEO of Pythia, about his new product called Credits, which is the first blockchain technology to be used by a government - in this case, the Isle of Man, to register cryptocurrency companies on the island.
Tuesday, May 26, 2015
Sunday, May 24, 2015
Friday, May 22, 2015
Weekend Chillout - Pale Rider
Being ridden by the markets this week? This should fix what's ailing you.
Thursday, May 21, 2015
Wednesday, May 20, 2015
Tuesday, May 19, 2015
Ray Dalio - Comments on gold portfolio allocation - Excerpt from interview with CFR
"If you don't own gold...there is no sensible reason other than you don't know history or you don't know the economics of it" ~ Ray Dalio.
Saturday, May 16, 2015
Friday, May 15, 2015
Weekend Chillout - Is This How You Feel?
Feeling a bit cheated that the USD gold price has gone up but the AUD:USD has increased by almost the same amount? Sucks doesn't it.
The Preatures - Is This How You Feel?
Thursday, May 14, 2015
Gold Rises on Weak US Retail Sales Data
Gold rose to its highest level in US$ in over 5 weeks on the back of disappointing US retail sales data. Seems the collapse of the high wage shale oil industry and the increased pace of offshoring white collar jobs has meant those left employed don't get paid much. Who would have thought that would affect retail sales?
Gold rose US$22/oz almost 2% from yesterday's close, with the weak sales data reducing the chance of a near term hike in US cash rates by the Federal Reserve. This put downward presseure on the US$, which was inversely reflected in the gold pirce.
Gold rose US$22/oz almost 2% from yesterday's close, with the weak sales data reducing the chance of a near term hike in US cash rates by the Federal Reserve. This put downward presseure on the US$, which was inversely reflected in the gold pirce.
 |
| chart from goldprice.org |
Wednesday, May 13, 2015
Sunday, May 10, 2015
Searching for Truth
In the mountains of truth, you never climb in vain. - Friedrich Nietzsche
— Famous-Quote.net (@famousquotenet) May 10, 2015
The Greatest use of 1g of Gold ever?
By far the best request and 'tip' I've received at a gig @MoonSunTruth thank you Greg! Talk about organised too! pic.twitter.com/MexEylPlDd
— Frances Madden (@frances_madden) May 8, 2015
Friday, May 8, 2015
Weekend Chillout - Norah Jones: "Don't Know Why"
The Grammy-winning singer performs the song she played on her first appearance with Dave 13 years ago.
Thursday, May 7, 2015
Wednesday, May 6, 2015
Tuesday, May 5, 2015
RBA Cuts Cash Rate to 2%
Media Release
Number
2015-08
Date
5 May 2015
Embargo
For Immediate Release
Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015.
The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends appear largely to reflect increased supply, including from Australia. Australia's terms of trade are falling nonetheless.
The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are stepping up the pace of unconventional policy measures. Hence, financial conditions remain very accommodative globally, with long-term borrowing rates for sovereigns and creditworthy private borrowers remarkably low.
In Australia, the available information suggests improved trends in household demand over the past six months and stronger growth in employment. Looking ahead, the key drag on private demand is likely to be weakness in business capital expenditure in both the mining and non-mining sectors over the coming year. Public spending is also scheduled to be subdued. The economy is therefore likely to be operating with a degree of spare capacity for some time yet. Inflation is forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate.
Low interest rates are acting to support borrowing and spending, and credit is recording moderate growth overall, with stronger lending to businesses of late. Growth in lending to the housing market has been steady over recent months. Dwelling prices continue to rise strongly in Sydney, though trends have been more varied in a number of other cities. The Bank is working with other regulators to assess and contain risks that may arise from the housing market. In other asset markets, prices for equities and commercial property have been supported by lower long-term interest rates.
The Australian dollar has declined noticeably against a rising US dollar over the past year, though less so against a basket of currencies. Further depreciation seems both likely and necessary, particularly given the significant declines in key commodity prices.
At today's meeting, the Board judged that the inflation outlook provided the opportunity for monetary policy to be eased further, so as to reinforce recent encouraging trends in household demand.
Enquiries:
Media Office
Information Department
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 9720
Fax: +61 2 9551 8033
E-mail: rbainfo@rba.gov.au
Sunday, May 3, 2015
Saturday, May 2, 2015
Weekend Chillout - Bella
Sorry to all my followers of this blog that I have neglected the blog over the last few weeks but I have had some turmoil in my career, but all is back on track and looking very positive.
James Englund with Borbala Bodonyi performing "Bella" live at The Acoustic Picnic in the Music Lounge Brookvale, Sydney. I am so fortunate to call these wonderful people my friends.
James Englund with Borbala Bodonyi performing "Bella" live at The Acoustic Picnic in the Music Lounge Brookvale, Sydney. I am so fortunate to call these wonderful people my friends.
Subscribe to:
Posts (Atom)