With mounting geopolitical tension, lack of opportunities overseas, and the relative attractiveness of U.S. markets, foreign investors are bidding up the price of U.S. stocks and the dollar, which is putting increasing pressure on gold, oil, and commodities, says Martin Armstrong.
Companies bought back the most shares in 2007, right before the crash, and the least shares at the most opportune time in 2009. In practice, insiders buy low and sell high, and pocket cash from options all the way up. Insider activity is exactly the opposite of how companies treat shareholders.
Softer than expected economic growth in China (see discussion) has finally spurred the PBoC into action. However, rather than undertaking asset purchases that would inject reserves into the overall banking system, the PBoC forced liquidity directly into state-owned banks.
With ongoing problems in Europe and U.S. valuations looking stretched, well-known money manager Louis-Vincent Gave thinks Asia has the most going for it right now. Here are some excerpts of his recent interview.
This Thursday, the 18th of September, Scotland goes to the polls to decide whether it wants to stay in a Union with the rest of Great Britain or go down the road of independence. At the moment the election is too close to call with sentiment equally divided between either camp.
Yellen and Company will meet today and tomorrow to assess any policy changes. This will be the last meeting before the October meeting during which the cessation of QE is expected. Inflation doesn't appear to be a major threat at the moment...
The story line for the U.S. petro-dollar is bound to get better in the years ahead. The U.S. has more recoverable natural gas than any other country. This represents a century’s worth of output and can support peak production at more than twice the 2013 level.