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    A global media aggregator of social, political, economic and market insight.
 

Sliding bank profits in China causing liquidity problems

As the Chinese banks take on more and more risk, their ability to make loans becomes problematic. Standard and Poors weighs in on the banks liquidity problems and notes  the likelihood of    Continue reading »

“Stock markets are rigged” says Michael Lewis on 60 Minutes

Confirming what we already suspected, best-selling author, Michael Lewis, explained to America and the rest of the world the “how” they do it portion on the CBS News program ’60 Minutes’ last    Continue reading »

Shades of the American wild west? Chinese bank run spreads as insolvency rumors abound

Much like the American wild west of the late 1800s, hundreds of depositors rushed to the bank to pull out their money when rumors of its potential insolvency began to spread in    Continue reading »

Huge inflation of consumer goods evident in currency debilitated Venezuela

Protests in Venezuela are growing larger as the cost of goods and consumer staples skyrocket. The increase in prices is being driven by shortages caused by the shrinking value of the Venezuelan    Continue reading »

Lack of demand for housing in Hong Kong is driving prices down

The property market in Hong Kong has softened appreciably in the past year. With a new round of interest rate hikes anticipated, expectations are that prices will continue to fall.    Continue reading »

China deflation evident as first corporate bond default happens since 1983

The first corporate bond default in China since 1983 happened this month to Shanghai Chaori Solar Energy Science and Technology Ltd. But it won’t be the last…    Continue reading »

Norwegian house prices in a bubble according to Robert Shiller

Norway’s house price bubble has popped. So what do they do now?    Continue reading »

No cheap fish market for Tokyo – Japan’s Abenomics just not cutting it

Prime Minister Shinzo Abe’s economic plans for Japan’s economy is falling woefully short of its goals for re-vitalization. Tokyo’s budget to build a new giant fish market complex was off by 67%.    Continue reading »

Edward Snowden strikes again, NSA caught with Yahoo! users pants down

Apparently, the U.S. National Security Agency and Britain’s Government Communications Headquarters believe it’s okay to hack into peoples personal picture taking software as well as their private data. The latest revelations to    Continue reading »

European Union lets Germany off the hook, bad banks get liquidated instead of bailed out

If you are the major economic powerhouse in Europe and you don’t want to get dragged down by the failing economies of the other EU member countries, what do you do? Answer:    Continue reading »

The Creature from Jekyll Island
The End of the Federal Reserve System – Part 1

By Sannleikur Komist Editor I’m going to tell you a story – a story of corruption, deceit, greed and political intrigue. As it turns out, a true story, one stranger than fiction    Continue reading »

 

S&P 500 Index
Elliott Wave update for week ending 4/11/2014

S&P 500 Index Click here to see wave degree labeling key (popups required)


By Sannleikur Komist

It looks like there is a good chance the markets will continue to drop this coming  week. No panic can be seen yet, but the approaching third-of-a-third wave will create the first sense of free fall the markets have experienced this year.

Dow Jones Industrial Average
Elliott Wave update for week ending 4/11/2014

Dow Jones Industrial Average

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

While a small snap back early next week can’t be ruled out, it looks like the Dow is set to continue the downward trek it embarked upon earlier in the month.

Why the Fed Does Not Control Inflation and Deflation
the latest report from Elliott Wave International

If you think the Federal Reserve actually controls interest rates, inflation, employment, or the economy… think again.

By Elliott Wave International

Despite the Fed’s leverage and its attempt to inflate throughout the economy, the deflationary pressures in the U.S. are overwhelming. Watch this six-minute clip from Steve Hochberg’s presentation at the Orlando Money Show.

India finding it impossible to motivate stock market investment

rgess

Dateline: Mumbai, India, 4/7/2014
Media Outlet: Business Standard
Article Headline: RGESS flops in second year as well
Map View:

Less than 2% of Indians have demat accounts, a type of account necessary to invest in the stock market. India continues to try to interest its population in investing in their equity markets but, so far, almost no one is interested.

S&P 500 Index
Elliott Wave update for week ending 4/4/2014

S&P 500 Index

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

Last weeks alternative count turned out to be the correct one. It appears the Dow Industrials and the S&P 500 may have synced up last week. Both indexes have made new highs setting the stage for a coordinated decline this coming week. That decline may already be underway.

Dow Jones Industrial Average
Elliott Wave update for week ending 4/4/2014

Dow Jones Industrial Average

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

Last week’s alternative count was the correct one. The Dow Industrials and the S&P may have synced up last week. With both indexes making new highs, the stage may set for a coordinated collapse this coming week.. which may already be underway.

Sliding bank profits in China causing liquidity problems

Bank of China

Dateline: Beijing, China, 2/13/2014
Media Outlet: China Securities Journal
Article Headline: Chinese banks' profits to slip further in 2014: S&P
Map View:

As the Chinese banks take on more and more risk, their ability to make loans becomes problematic. Standard and Poors weighs in on the banks liquidity problems and notes  the likelihood of reduced profits and additional bad loans occurring in 2014.

Understanding the new science of Socionomics
An Interview with Robert R. Prechter, Jr.

Where I Believe Socionomics is Heading

Originally published in the June 2010 Socionomist |  Download the Complete Issue (1.11 MB)

In this issue, editor Mark Almand conducts an in-depth interview with Robert R. Prechter, Jr., founder of the Socionomics Institute and publisher of The Socionomist.

“Stock markets are rigged” says Michael Lewis on 60 Minutes

60 Minutes Flash Boys
Dateline: New York, USA, 3/31/2014
Media Outlet: CBS News .com
Article Headline: Is the U.S. stock market rigged?
Map View:

Confirming what we already suspected, best-selling author, Michael Lewis, explained to America and the rest of the world the “how” they do it portion on the CBS News program ’60 Minutes’ last night. High Frequency Trading, or HFT, is a high speed computer system designed to find out what stocks you want to buy, buy them before you do, raise the price a few pennies, and sell them to you at the inflated price. The result is a small robbery of a few cents from you, but the scam is worth tens of billions a year to the HFT traders.

S&P 500 Index
Elliott Wave update for week ending 3/28/2014

S&P 500 Index

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

Although the current count for the S&P 500 remains technically intact, wave action suggests something else may be happening.