After last weeks absolutely awesome bogus jobs numbers out of the US, we thought we’d leave penning a note to assess market action in the follow up, it was worth the wait. Markets initially tanked! They tanked because the numbers were so good it increased the likelihood “The Fed” may change the meaning of the […]
In todays note we’re going to remind you why it is that investors need to remain on guard in their hunt for yield and not disregard systemic issues. Why is it do you think investors in Nestle’s 4yr bonds are prepared to accept a negative interest rate? Why is it that record volumes of government […]
Is this the answer to a debt problem? Take more debt and pretend the current debt doesn’t exist by extending it so far into the future it doesn’t warrant concern? On the current trajectory, in many Western economies, will you be paid by banks to take a loan and pay to have your money stored in such a secure place? Don’t […]
“Everything is awesome” is the song you need to see the Lego movie for. If you haven’t, its worth it. The Lego Movie is one of those classic kids films with adult theme overtones that half the adult population (being kind) don’t get. Before we get onto the main topic of todays note, we present […]
Make no mistake, the RBA had three choices today, based on previous guidance. Make no change. Change the tone of commentary and make no change. Cut Rates. So, things are so bad, we’ll take option 3????? We’re still a bit flabbergasted so we’ll take some commentary from Zerohedge: Following the 15th surprise rate cut of 2015 (Singapore, […]
As January goes, so does the year? We hope not. So quickly have the economic/monetary/geopolitical sands moved over the last 29 days, some investors may have been “Big Chrissie Bashed” blissed enough to have let the water pass under the bridge. Wise. For those interested, Europe has been the main event. The Euro experiment express […]
Having been early socials media adopters we’ve now moved to overload blackout mode, if not claimed and somebody wishes to adopt the above tag, you may, but you may not claim #kamikazenomics. We like that one. Zero Interest Rates are now moving to negative (yep, pay to have it stored) in many economies around the […]
Having been early socials media adopters we’ve now moved to overload blackout mode, if not claimed and somebody wishes to adopt the above tag, you may, but you may not claim #kamikazenomics. We like that one. Zero Interest Rates are now moving to negative (yep, pay to have it stored) in many economies around the […]
Firstly, as we know its sometimes hard to reach the bottom of these notes, we sincerely hope you enjoy and value time with Family, Friends and colleagues over the Festive Season. From all at Aurum. What a week it’s been for Financial Markets. Things were really not looking flash until The US Fed Chair Yellen assured us […]
As the US congratulates itself for safely moving it’s debt through the $18 trillion mark last Friday (reset to $17.2T, Feb 2014) might be time to think about whether or not there is an endgame this monetary experiment we’re living through. Below, Simon Black helps us assess, briefly, some of the assumptions with being comfortable […]
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