Wednesday, April 24, 2019

Tag: Japan

Here’s why gold could jump 10% very soon

“Gold is a reliable barometer of risk, and we believe it could rally by up to 10% should the UK vote to leave the EU,” that’s according to a flash research note from HSBC's chief precious metals analyst James Steel sent to clients today. According to the report, if the...

Russian Railways develops new freight services for Europe – China route

The creation of necessary conditions for accommodating the growing transport demand on Europe – Asia route represents a priority for transport, said Oleg Belozerov, President of Russian Railways, at the International Conference Railway Business at Transit Speed (Shanghai, China). Russian Railways is actively involved in the integration of Baikal-Amur Railway...

German Bunds Reach New Milestone as Yield Declines Below Zero

The yield on Germany's 10-year government bund, Europe's benchmark security, fell below zero for the first time on record, as investors’ seemingly insatiable demand for haven assets created another bond-market milestone. The nation joined Japan and Switzerland in having 10-year bond yields of less than zero. The plunge in yields,...

German Government Bonds in Bubble Territory, Allianz Says

German government bonds are in “bubble territory” and Allianz SE plans to raise its corporate debt holdings, Chief Investment Officer Andreas Gruber said in an interview. “Allianz never really was a strong investor in German government bonds,” said Gruber, who oversees 638 billion euros ($720 billion) of investments. “There always...

China’s exports tumble again in May as global demand stays weak

May's soggy Chinese trade data offered the latest sign that the world's second-largest economy was still a long way off from full health. Exports in dollar-denominated terms tanked 4.1 percent on-year, more than double April's 1.8 percent fall and slightly worse than estimates for a 3.6 percent decline, Reuters said...
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An Overview of the Economic Outlook and Monetary Policy of the United States

Description Lael Brainard, a member of the Board of Governors of the Federal Reserve, discusses the current economic outlook of the United States and the monetary policies of the U.S. Federal Reserve. Brainard reflects on the challenges the U.S. economy faces with a potential interest rate rise on the horizon....

A Court You’ve Never Heard of Is About to Raise the Stakes in the...

An international tribunal’s decision will reorder the tense chess game over the South China Sea — and test Washington’s commitment to the Philippines. An obscure court in The Hague will soon issue a ruling likely to inflame tensions in the South China Sea and force Washington to clarify how far...

Russia’s Perpetual Geopolitics

Putin Returns to the Historical Pattern. For half a millennium, Russian foreign policy has been characterized by soaring ambitions that have exceeded the country’s capabilities. Beginning with the reign of Ivan the Terrible in the sixteenth century, Russia managed to expand at an average rate of 50 square miles per...

The Silencing of Japan’s Free Press

Under the heavy hand of Prime Minister Shinzo Abe, Japan's media is being forced to toe the government line. Or else. TOKYO — As the leaders of the G-7 liberal democracies convened in the Japanese shrine town of Ise-Shima this week, host Prime Minister Shinzo Abe used the event to...

Massive Bailout Needed in China, Banking Analyst Chu Says

Charlene Chu, a banking analyst who made her name warning of the risks from China's credit binge, said a bailout in the trillions of dollars is needed to tackle the bad-debt burden dragging down the nation’s economy. Speaking eight days after a Communist Party newspaper highlighted dangers from the build-up...

India Acts East

Washington’s pivot to Asia gets all the attention, but India's pivot east will redefine regional politics. Washington’s Asia rebalance, first articulated by President Barack Obama in a 2011 speech to Australia’s parliament, has received ample attention. India’s envisioned pivot to Asia has garnered far less. Nonetheless, India’s planned pivot is freighted with significance for the country’s economic prospects,...

Revealed: Saudi Arabia owns $117 billion of U.S. debt

One of the biggest mysteries in global finance was just revealed: How much U.S. debt Saudi Arabia owns. Saudi Arabia stockpiled $116.8 billion of U.S. Treasuries as of March, the Treasury Department announced on Monday, ending four decades of keeping the figure secret. That makes Saudi Arabia the 13th largest foreign...

Central Bankers’ Wisdom Faulted as Gold Holdings Surge 25%

The great gold rush of 2016 is gathering pace. Holdings in exchange-traded funds have now surged by a quarter, with investors taking advantage of lower prices over the past two weeks to enlarge stakes on rising concern about central bank policy making worldwide. The holdings have increased to 1,822.3 metric...

Who owns America’s debt?

Donald Trump says he can "make a deal" on America's debt. Last week, he implied that he could negotiate with America's creditors to get them to accept a lower rate of repayment, such as 85 cents for every dollar. It sounds shrewd, until you think about who would get hurt under...

For Stan Druckenmiller This Is The Endgame – His Full Apocalyptic Presentation

Several days ago, hedge fund legend Stan Druckenmiller spoke at the Sohn Conference, delivering what may have been his most bearish fire and brimstone sermon yet, and in fact according to some buysiders who were present, its somber mood and lack of faux optimism was downright apocalyptic. And how...

Janet Yellen’s Bluff and Mario Draghi’s Hubris

The monetary landscape of today looks pretty grim. We are in the middle of the perennial decline in the rate of interest. Central bankers are convinced they can get us all out of this mess. But can they really? Janet Yellen timidly tried to go against the decade long trend...

Yen Surges Most in 8 Months as BOJ Refrains From Adding Stimulus

The yen surged by the most since August after the Bank of Japan maintained its record stimulus, surprising traders who had expected additional easing and forcing them to exit bets on declines in the currency. Japan’s currency rose against its 16 major peers as BOJ Governor Haruhiko Kuroda and his...

The Collapse of the Western Fiat Monetary System may have Begun. China, Russia and...

On 19 April 2016, China was rolling out its new gold-backed yuan. Russia’s ruble has been fully supported by gold for the last couple of years. Nobody in the western media talks about it. Why would they? – A western reader may start wondering why he is constantly stressed...

Forecasting the Aftermath of a Ruling on China’s Nine-Dash Line

A tribunal is likely to rule on China's hazy claims to South China Sea sovereignty. How Beijing and others react isn't set in stone. The arbitration tribunal of five impartial experts that has been considering the Philippines suit against China under the U.N. Convention on the Law of the Sea...

US corporations have $1.4tn hidden in tax havens, claims Oxfam report

Charity analysis of the 50 biggest US businesses claims Apple have $181bn held offshore, while General Electric has $119bn and Microsoft $108bn. US corporate giants such as Apple, Walmart and General Electric have stashed $1.4tn (£980bn) in tax havens, despite receiving trillions of dollars in taxpayer support, according to a...

King Coal Is Losing His Throne

Peabody Energy joins a growing list of coal miners who are going broke thanks to a perfect storm of cheap natural gas, the slowdown in China, and tougher environmental rules. Peabody Energy, the world’s biggest privately owned coal mining company, filed for bankruptcy protection in the United States on Wednesday....

Actually, the Surging Yen Could Be a Good Thing for Japan’s Economy

It's gold for the old. The lofty yen, the best-performing G10 currency in 2016, threatens to serve as an arrow to the heart of Japan's Abenomics, crimping exports and dampening inflation at a time when the country is trying to boost both. During an interview on Bloomberg TV, however, UBS AG...
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James Rickards Reveals IMF World Currency Crash Conspiracy, We Need Gold Standard to Save...

Former CIA Advisor Jim Rickards Calculated a Conservative Gold Price Target of $10,000 Per Ounce Based on the Current Cash Supply of the United States... Including All Currency, the Number is Too Shocking to Even Mention. James Rickards is the Editor of Strategic Intelligence, a financial newsletter, and Director of...

Gold is the pile of poker chips in the next global crisis

China and Russia are preparing for the next crisis by buying up gold, says author James Rickards. Author James Rickards maintains that gold remains the real underpinning of the international monetary system. Governments may disparage it, he says, yet many of them have held on to gold — and China...

Why are Russia and China Buying Gold, Tons of it?

Gold is one of the most fascinating of all rare metals. Throughout all history it has been given a special, at times sacred or spiritual value, since six thousand years ago when the Egyptian Pharoahs’ tombs were filled with it to accompany the dead on their journey. In times...

Woodside Scraps $40 Billion LNG Project After Price Collapse

Woodside Petroleum Ltd. and partners including Royal Dutch Shell Plc and BP Plc scrapped plans to develop the $40 billion Browse liquefied natural gas project in Australia after the plunge in oil and gas prices. Australia’s second-largest oil and gas producer won’t go ahead with the floating LNG development after completing...

LNG Buyers Gaining Increasing Leverage over Sellers in Coming Years

The growing oversupply in LNG export capacity has weighed on prices for the key market in Asia, pushing spot prices down by about two-thirds in less than two years. Excess supplies will likely kill off an array of LNG export terminals that have not yet moved forward with final...
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Rickards: Why Gold Is Going To $10,000

Bestselling author Jim Rickards sits down with Hedgeye CEO Keith McCullough to discuss his new book, “The New Case for Gold,” and why a cocktail of factors makes it more critical than ever for investors to protect their portfolios with gold.

China Joins India Seeking Better LNG Contracts for Buyers

China's biggest energy company joined India in seeking to renegotiate long-term liquefied natural gas supply contracts amid a global glut that’s driving spot prices to the lowest in more than five years. China National Petroleum Corp. is looking for opportunities to rework the pricing method on its LNG supply contract...

ECB cuts interest rates to zero amid fears of fresh economic crash

New ultra-cheap loans to banks among unprecedented package of measures as Mario Draghi seeks to jump-start economy. The European Central Bank has cut interest rates across the eurozone to zero as it unveiled an unprecedented package of growth-boosting measures against the backdrop of a fragile global economy. Amid growing concerns of...

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