Articles related to Sovereign Debt
 
Chris Powell - GATA
Hungary's central bank to repatriate its 3 tonnes of gold from London
* * * From Hungary Today, Budapest Tuesday, March 6, 2018 http://hungarytoday.hu/news/hungarian-national-bank-decided-bring-gold-r... The leadership of the Hungarian National Bank has decided to bring back home Hungary's gold reserves. Up to now, 100,000 ounces (3 tonnes) of the precious metal were stored in London, which is in total worth some 33 billion forint ($130 million) at current gold prices. The decision seems to be in line with international trends as storage of gold reserves out of th
Tuesday, March 13, 2018
Mark O'Byrne - gold.ie
Stock Market Selloff Showed Gold Can Reduce Portfolio Risk
– Recent stock market selloff showed gold can deliver returns and reduce portfolio risk– Gold’s performance during stock market selloff was consistent with historical behaviour– Gold up nearly 10% in last year but performance during recent selloff was short-lived– The stronger the market pullback, the stronger gold’s rally– WGC: ‘a good time for investors to consider including or adding gold as a strategic component to their portfolios.’– Gold remains one of the best assets outperforming treasur
Tuesday, March 13, 2018
Andy Hoffman - Miles Franklin
Debt and Delusions – Part 2
This article was written for Miles Franklin by Gary Christenson. Part one is available here. The problem with debt is the creditor expects to be repaid. Sovereign debt will be “rolled over,” never extinguished, and repaid with new debt. We delude ourselves and pretend total debt will increase forever (it can’t). That explains global debt exceeding $230 trillion today and official U.S. government debt approaching $21 trillion, with unfunded liabilities adding another $100 – $200 trillion. There a
Saturday, March 10, 2018
Deepcaster
Impending Mega-Moves and re #1 Asset for Profiting and Protecting
DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical IntelligenceMarkets were triggered and shocked a few days ago when the yield on the Bellwether U.S. Treasury 10-Year Note shot up over 2.9% which resulted mainly from Fed Chair Powell’s hinting at the possibility of 4 rate hikes this year. Other soon-to-be-detonated Triggers will have Mega-Consequences for Key Market Sectors but wi
Friday, March 9, 2018
Przemyslaw Radomski CFA - SunshineProfits
Will Stars Shine on Gold
Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It’s another negative shock for the European establishment. Will these stars shine on gold? Five Stars Movement Triumphs We live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to Beppe Grillo who co-founded the Five Star Movement a decade ago. Although the party was initially per
Tuesday, March 6, 2018
Alasdair Macleod - Finance and Eco.
Currency exchange value dynamics
In a recent article[i] I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human reactions to the monetary consequences of the next credit crisis. The undermining of the dollar as a currency affects all other fiat currencies, because it is the reserve currency and all financial markets use
Thursday, March 1, 2018
Andy Hoffman - Miles Franklin
Shelter From The Storm
This article was written for Miles Franklin by Gary Christenson. Bob Dylan “Shelter From The Storm” “I bargained for salvation and she gave me a lethal dose.” What Storm? Why do we need shelter? The stock market hit all-time highs in January, corrected, and might rally to new highs… or maybe not… See below. Official unemployment is low if you believe the statistics and ignore the millions excluded from the calculations. Inflation, according to official numbers, is low. New cars may have doubled
Tuesday, February 27, 2018
Michael Pento - Delta Global Advisors
Four Percent 10-year Note Yield Will Be a Floor No...
The two most important factors in determining the level of sovereign bond yields are the credit and inflation risks extant within a nation. When determining a country’s ability to service its debt investors must analyze not only the absolute debt level, but also the ratios of debt and deficits to GDP. In addition, the current rate of inflation must also be viewed within the context of debt in order to make an accurate assumption as to the level of future inflation. When analyzing historical meas
Wednesday, February 21, 2018
Mark O'Byrne - gold.ie
Bank Bail-In Risk In European Countries Seen In 5 Key Charts
Bank Bail-In Risk In Europe Seen In 5 Charts – Nearly €1 trillion in non-performing loans poses risks to European banks’– Greece has highest non-performing loans as a share of total credit – Italy has the biggest pile of bad debt in absolute terms– Bad debt in Italy is still “a major problem” which has to be addressed – ECB– Level of bad loans in Italy remains above that seen before the financial crisis – Deposits in banks in Greece, Cyprus, Italy, Ireland, Czech Republic and Portugal most at ri
Tuesday, February 20, 2018
Mark O'Byrne - gold.ie
Sovereign Wealth Funds Investing In Gold For “Long Term Returns” – PwC
– Sovereign wealth funds investing in gold for long term returns – PwC – Gold has outperformed equities and bonds over the long term – PwC Research – Gold is up 6.7% and 6.8% per annum over 10 and 20 year periods; Stocks and bonds returned less than 5.2% respectively over same period (see PwC table) – From 1971 to 2016 (45 years), “gold real returns were approximately 10% while inflation increased 4%” – Gold also valuable due to lack of correlation and hedge against inflation, currency devaluati
Tuesday, February 13, 2018
Michael Pento - Delta Global Advisors
Global Synchronized Bond Collapse
We have all heard, in ad nauseam fashion, Wall Street’s current favorite mantra touting a global synchronized economic recovery. For the record, global GDP growth for 2017 was 3.7%, according to the International Monetary Fund. And, although this is an improvement from recent years, you must take into account that in 2004 it was 4.4%, in 2005 it was 3.8%, in 2006 it was 4.3%, and in 2007 it was 4.2%. The Point being, it’s not as if the current rate of global growth has climbed to a level never b
Sunday, February 11, 2018
Adam Hamilton - Zealllc
Stock Selling Unleashed!
The unnaturally-tranquil stock markets suddenly plunged over this past week.  Volatility skyrocketed out of the blue and shattered years of artificial calm conjured by extreme central-bank distortions.  This was a huge shock to the legions of hyper-complacent traders, who are realizing stocks don’t rally forever.  With stock selling unleashed again, herd psychology will start shifting back to bearish which will fuel lots more selling. As a contrarian student of
Sunday, February 11, 2018
Michael Pento - Delta Global Advisors
Don’t Fight the Fed! Or the Rest of the World’...
On March 9, 2009, The Wall Street Journal’s Money and Investing section posed this ominous question: "How low can stocks go?" The stench of economic malaise was suffocating as the Dow Jones Industrial Average (DJIA) rounded off its fourth straight week of losses, and the S&P 500 touched below 700 for the first time in 13 years. Goldman Sachs cautioned the S&P could fall to 400, while CNBC’s Jim Cramer was busily calculating the stock valuations of the DJIA components based on balance sheet cash
Tuesday, January 30, 2018
Andy Hoffman - Miles Franklin
Interest Rates: Going Up Or Down
The 10 Year T-Note yields only 2.6%. But 18 months ago the rate was under 1.5%. In our current era of supposed central bank printed prosperity the low yield tells us digital currency units have little time value. Current European rates are “negative” for trillions of euros in sovereign debt. Argentina sold 100 year bonds. HOW DID IT GET SO CRAZY? The short version is that central banks intervened in the debt and equity markets so much that the financial system is a bit crazy. What Is Crazy and U
Wednesday, January 24, 2018
Michael Pento - Delta Global Advisors
Inflation Tsunami Ahead
Inflation is one of the most misunderstood, misused and lied about topics in economics. The Fed professes to know what causes it: an overly employed workforce. But, perhaps it is aware this is false and intentionally promulgates the ruse of growth as inflation’s progenitor because central banks want to deflect attention away from its money printing. Nevertheless, one thing is abundantly clear, we all have to agree that the Fed can’t readily control the exact rate of inflation; nor can it direct
Tuesday, January 23, 2018
Andy Hoffman - Miles Franklin
Sacrifices Will Be Made
Financial sacrifices are so obvious and commonplace they are seldom acknowledged. Borrowing money on a credit card, mortgage or car loan to purchase something is typical. You have sacrificed future spending for use in the present. If the purchase, financed by debt, increases income more than the cost of debt service, the required principal plus interest can be repaid from future income. This is probably good. But if the purchase is consumed, future income is not increased and future discretiona
Thursday, January 18, 2018
Mark O'Byrne - gold.ie
Gold Prices Rise To $1,326/oz as China U.S. Treasury Buying Report Creates Volatility
– Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying – Equities fell sharply on the report as did Treasurys and the U.S. dollar – Chinese officials think U.S. debt is becoming less attractive compared to other assets – Trade tensions could provide a reason to slow down or halt U.S. debt purchases – U.S. dollar vulnerable as China remains biggest buyer of U.S. sovereign debt – Currency wars to return as China rejects U.S. hegemony in Asia Gold prices in US dollar (Gold
Thursday, January 11, 2018
Michael Pento - Delta Global Advisors
Interest Rates Walking On Narrow Ledge
There is a huge shock in store for those who have been lulled to sleep by a stock market that has become accustomed to no volatility and only an upward direction. And that alarm bell can be found in the price action of Bitcoin, which recently tumbled over 40% is less than a week. For the implosion within the cryptocurrency world foreshadows what will happen with the major averages as the Federal Reserve futilely attempts to stop monetizing the exploding mountain of U.S. debt. Interest Rates Walk
Wednesday, January 10, 2018
Andy Hoffman - Miles Franklin
Market Analysis for 2018 – Part One
Part one analyzes global stock and bond markets. Watch out below! Part two will address the U.S. dollar and gold prices. 2017 was an outstanding year in many markets. DOW up 24.7% NASDAQ 100 up 31% (Wow!) Nikkei up 19% DAX up 12% Gold up 13.6% Silver up 7.1% XAU (gold mining stocks) Index up 8% Dollar Index DOWN 10% We can be certain of the following: Death, Taxes and Politics. When markets move too far and too fast in either direction, they correct. Bubbles crash! SO WHAT? We live with the
Thursday, January 4, 2018
Richard Mills - Ahead of the Herd
Imaginations of the Misguided
aheadoftheherd.com The end of the world as we know it It’s Christmas 2017 and North Korean Dear Leader Kim Jong-un is facing a crisis. Recently the United States, with UN approval, imposed the harshest round of economic sanctions yet on his reclusive regime. While North Korea has been sanctioned since 2006 due to continuing attempts to develop nuclear weapons, this new provocation by its sworn nemesis is the last straw for Kim, who feels the great legacies of his father and grandfather, Kim
Friday, December 29, 2017
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