Investment Markets Overview – w/e 24 August 2012

The Bank of England Governor, Mervyn King, was on the back foot this week, as questions are increasingly raised over the Bank’s £375BN of Quantitative Easing, better known asmanipulating interest rates. Responding to critics, who cite the financial harm QE has caused to both prudent savers and pensioners alike, whilst benefiting the feckless and most over-leveraged, King points to the partially reflated stock market as evidence of its success, failing to mention, of course, the partially reflated oil price that is harming all, not to mention the moral hazard created to an army of “investors,” that markets will never fall as they are underpinned by central banks.

Subscribe to the Full Investment Markets Overview Newsletter which contains the following additional content:-

  • US economic statistics released this week were light . . . .
  • Euro-Zone data was also light  . . . .
  • UK news included a widening of government borrowing  . . .
  • Out East, Japanese department store sales  . . .
  • Industrial production in July for Singapore . . .
  • The $US index fell by . . . 
  • Within the commodities complex, . . .
  • Economic data due next week includes . . .
  • Returning to the subject of central bankers . . .
      

Charts:-

  • Indices Weekly
  • US Manufacturing PMI 1 Month Lag + Continuous Commodity Index
  • Euro-Zone Consumer Confidence vs German Consumer Confidence
  • Japanese Exports + Japanese GDP
  • Gold vs Copper vs Silver vs Oil

Table of 15 Indices, 11 columns of detailed information, for accurate analysis

“Paper money eventually returns to its intrinsic value —- nothing”

Click  HERE  to view Details of the full version of this Newsletter

which includes full text and detailed Charts for each section

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