View Full Version : Congratulations to Bernanke and Kuroda
phantom_opera
11-04-13, 09:54
Our QE heros will be remembered in history :47:
S&P500 all time high smahed last night @ 1,587, and the optimists are already target 1,900 .. :p
Nikkei Tops 13,400 1st Time Since Aug '08 On Dlr's Rise Vs Yen
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/04/20130410_cb2_0.jpg
hmmmm..weird...printing more $$$ but GOLD prices dropped !!!
hmmmm..weird...printing more $$$ but GOLD prices dropped !!!
http://theeconomiccollapseblog.com/archives/why-are-the-banksters-telling-us-to-sell-our-gold-when-they-are-hoarding-gold-like-crazy
Condo Kaiser
11-04-13, 11:08
Because Cyprus selling bullions... But no need to worry yeah... long term support still there...
http://uk.reuters.com/article/2013/04/11/uk-cyprus-bailout-gold-idUKBRE9390NW20130411
phantom_opera
11-04-13, 11:32
my prediction of Dow gold ratio at 10 still there
Dow - 15k
Gold - 1.5k
hmmmm..weird...printing more $$$ but GOLD prices dropped !!!
must wait till QE is about to finish then gold price will go up. Equities bull run till then.
Its a currency war, in which you don't want to be caught holding currency.
Very bad for retired people.
phantom_opera
11-04-13, 12:31
Scary facts:
based on an average inflation rate of 3 per cent, $1,000,000 today will be worth only $642,000 - in terms of today's spending power - in 15 years' time.
Kuroda / Bernanke might generate 3% inflation on average in next 15y, successful beyond their dreams :banghead:
explain to me why the korea crisis did not dent the economy one bit ?
:scared-5:
Condo Kaiser
11-04-13, 13:46
no one believes north has the will or the ability to deal real damage...
Gold will move up when North Korean fires. :rolleyes:
my prediction of Dow gold ratio at 10 still there
Dow - 15k
Gold - 1.5k
South Korea Unveils Fiscal Package to Support Growth: Economy
By Cynthia Kim - Apr 16, 2013 12:46 PM GMT+0800
South Korea (http://topics.bloomberg.com/south-korea/) unveiled a 17.3 trillion won ($15.4 billion) supplementary budget to support exporters pressured by a weaker Japanese currency and revive an economy that grew last year at the slowest pace since 2009.
The package will boost growth by 0.3 percentage points and create 40,000 jobs, the Finance Ministry (http://topics.bloomberg.com/finance-ministry/) said in a statement in Sejong. The net increase is 5.3 trillion won after covering expected revenue shortfalls, the government said. Another 2 trillion won will be available for support measures from outside the budget, it said.
South Korea Proposes $17.2 Billion Stimulus to Boost Economy
http://www.bloomberg.com/image/iMp.vjZ9BUaE.jpgSeongJoon Cho/Bloomberg
Of the stimulus, 3 trillion won will be allocated for job creation and training services, while an equal amount will go toward supporting municipal governments.
Of the stimulus, 3 trillion won will be allocated for job creation and training services, while an equal amount will go toward supporting municipal governments. Photographer: SeongJoon Cho/Bloomberg
(http://www.bloomberg.com/video/korea-hong-kong-taiwan-stocks-favored-6_Ur88b5TGSs3lCc1j_gkg.html)<h3 style="width: 640px;" class="image_title">South Korea Proposes $17.2 Billion Stimulus to Boost Economy </h3>
http://www.bloomberg.com/image/iJmbiBNHCkH0.jpgSeongJoon Cho/Bloomberg
A straddle carrier moves a container at the Uiwang Inland Container Depot (ICD) in Uiwang, South Korea. President Park Geun Hye’s government announced plans for a stimulus package on the same day last month it lowered its 2013 growth forecast from 3 percent to 2.3 percent.
A straddle carrier moves a container at the Uiwang Inland Container Depot (ICD) in Uiwang, South Korea. President Park Geun Hye’s government announced plans for a stimulus package on the same day last month it lowered its 2013 growth forecast from 3 percent to 2.3 percent. Photographer: SeongJoon Cho/Bloomberg <h3 style="width: 640px;" class="image_title">South Korea Proposes $17.2 Billion Stimulus to Boost Economy </h3>
http://www.bloomberg.com/image/i0bSeaKp9pVE.jpgSeongJoon Cho/Bloomberg
The Bank of Korea cited the recent depreciation of yen when it cut its growth estimate for the year, to 2.6 percent from 2.8 percent.
The Bank of Korea cited the recent depreciation of yen when it cut its growth estimate for the year, to 2.6 percent from 2.8 percent. Photographer: SeongJoon Cho/Bloomberg The government plan may boost consumption and confidence asChina’s economy (http://topics.bloomberg.com/china%27s-economy/) shows signs of weakness and North Korea (http://topics.bloomberg.com/korea/)’s Kim Jong Un ratchets up threats against the U.S. and the South. A stronger won, which has risen more than 21 percent against the yen in the past six months, has hindered export-reliant companies such as Hyundai Motor Co. (005380) (http://www.bloomberg.com/quote/005380:KS) and Samsung Electronics Co. (005930) (http://www.bloomberg.com/quote/005930:KS)by making their products more expensive overseas.
“The extra budget will lift up the recovery in the second half of this year, which is needed as sentiment has been weak,”said Jun Min Kyoo, a Seoul-based economist at Korea Investment & Securities Co. “The focus on job growth and exporters will boost private consumption.”
President Park Geun Hye’s government announced plans for a stimulus package on the same day last month it lowered its 2013 growth forecast to 2.3 percent from 3 percent. The government moved today after the Bank of Korea (http://topics.bloomberg.com/bank-of-korea/) last week resisted pressure to cut the benchmark interest rate.
Samsung vs Sony racing to produce the cheapest flat screen tv huh :D
Hyundai vs Toyota ? :D
Samsung vs Sony racing to produce the cheapest flat screen tv huh :D
Hyundai vs Toyota ? :D
Many industries in developing world will die. Off course unless, they start their own stimulus. South east asia will be hit hard. Its the race to the bottom for the currencies.
Putin Calls for Stimulus Plan After Recession Alarm
By Agnes Lovasz
April 15, 2013 6:00 PM EDT
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Russian President Vladimir Putin urged the government to come up with a plan to revive the flagging economy after a minister warned that a recession is possible as companies cut investment and export demand wanes.
Putin told Prime Minister Dmitry Medvedev, who will address lawmakers tomorrow, to devise steps to aid “shoots” of growth, according to televised remarks. While not the main scenario, Russia risks sliding into a recession without stimulus, Economy Minister Andrei Belousov said last week after cutting this year’s growth forecast.
Russia’s $2 trillion economy is growing at the weakest pace since a 2009 contraction as Europe’s debt crisis curbed exports and prompted companies to trim investment as the government scaled back spending after elections. Gross domestic product will rise 2.4 percent this year, according to the Economy Ministry, which downgraded an earlier projection of 3.6 percent. The slowdown is hurting incomes, Putin told Medvedev yesterday.
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