EMerging Equity
Devaluation
The Race To The Bottom Will Reignite Gold
By Jason Simpkins Six of the world’s central banks (Europe, Denmark, Sweden, Switzerland, Japan, and Hungary) representing 29 countries have taken interest rates negative. They range from -0.05% in Hungary to -1.25% basis points in Sweden. As a result, other countries, plagued by the same low commodities prices and a soft global economy, are now … Continue reading
The Calm Before The Coming Global Storm
By Pepe Escobar Major turbulence seems to be the name of the game in 2016. Yet the current turbulence may be interpreted as the calm before the next, devastating geopolitical/financial storm. Let’s review the current state of play via the dilemmas afflicting the House of Saud, the EU and BRICS members Russia, Brazil and China. … Continue reading
A Gold Revaluation Could Transform Your Financial Status — Overnight
By David Smith, Money Metals Exchange As we move through 2016, the Horsemen of the geopolitical, economic, and social apocalypse are on the march. China burns through its currency reserves as billions in yuan flee the mainland for safe harbor. Japan prints mountains of yen debt in an effort to create inflation – and thereby … Continue reading
Japan Desperately Needs A Stronger Dollar, China Desperately Wants A Weaker Dollar: The Fed Can’t Please Both
By Charles Hugh Smith The FX market is about to blow up in the Fed’s face, and there’s nothing they can do about it. Foreign exchange (FX) is a zero-sum game: if one currency weakens, another must strengthen. Since the value of a currency is relative to other currencies, all currencies can’t weaken together: at least … Continue reading
More Troubles May Lie Ahead For Nigeria As MSCI Weighs Removal From Index
More troubles may lie ahead for Nigeria, Africa’s largest economy, as global equity index provider MSCI is considering dropping the nation from its benchmark Frontier Markets Index, which could put $500 million of equity investment under threat. On Thursday MSCI announced that it’s considering removing the country from its Frontier Markets Index, blaming currency restrictions imposed by … Continue reading
Devaluation Strikes Again: Egypt Devalues Currency By 13% Amid Dollar Shortage
By Jeffrey P. Snider, Alhambra Investment Partners The Central Bank of Egypt auctioned $200 million at 8.85 per Egyptian pound rather than the prevailing 7.73. The inflationary move of devaluation is intended to help the country gain a more solid financial background due to a persisting “dollar shortage” that nobody seems to hold in much curiosity. … Continue reading
In Venezuela, Can Maduro Mayhem Last To 2017?
By Eugen von Böhm-Bawerk Things are turning increasingly ugly in Venezuela between President Maduro and the opposition MUD. The core political problem after December 2015 elections is the PSUV are now using the courts to neuter any opposition voices that formally hold a legislative majority to start holding the government to account. Right on cue, Mr. … Continue reading
Signs Of Currency Collapse: Whoever Does Not Respect The Penny Is Not Worthy Of The Dollar
By Nick Giambruno This definitive sign of a currency collapse is easy to see… When paper money literally becomes trash. Maybe you’ve seen images depicting hyperinflation in Germany after World War I. The German government had printed so much money that it became worthless. Technically, German merchants still accepted the currency, but it was impractical … Continue reading
IMF Urges Nigeria To Devalue Currency As Its Economy Crumbles
The IMF is urging Nigeria’s Central Bank to devalue its local currency, the naira, and to remove curbs on access to foreign exchange as part of a package of aggressive economic policies in order to counter the impact of low oil prices, according to a statement released on Wednesday. Nigeria, Africa’s largest economy and largest crude producer, an OPEC member state, … Continue reading
Colombian Government Considers Granting Asylum To Venezuelan President Maduro
Colombian lawmaker Maria Fernanda Cabal has said that the Colombian government is considering the possibility of granting asylum to Venezuelan President Nicolás Maduro and his family, Venezuela’s El Nacional reports. According to Cabal, the Union of South American Nations (UNASUR) is trying to find a safe place for Maduro should he get pushed out of office. Maduro … Continue reading
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