Investment Markets Overview – w/e 12 Oct 2012

The International Monetary Fund (IMF) held their annual meeting in Tokyo this week and warned that it sees,” an alarming risk of a deeper slump in Global growth.” It cut its 2012 global GDP forecast for the second time since July of this year, from 3.5% to 3.3%, also reducing the 2013 number from 3.9% to 3.6%. They go onto state that the only momentum for economic growth has come from Central Banks, via their hair-brained QE and other manipulative monetary measures, stating the obvious in that the two major threats to growth are the impending US fiscal cliff,” and the ongoing Euro-area debt crisis.” They also went onto describe the dual problem as,” short term economic problems,” conveniently ignoring that the major structural problems, to much debt financing consumption, have been a long term in the making and hence are taking a long time to resolve. It’s a great pity that the IMF and the Central Banks to whom they give such praise, gave little warning, ahead of the global debt crisis,” which was obviously unsustainable. Furthermore, these clowns have presided over policies of late that were guaranteed to compound the growth problems further.

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

  • US economic statistics released this week included  . . . .
  • Euro-Zone economic data was very sparse this week but  . . . .
  • UK GDP surprised on the upside in September    . .  .
  • Out East, Japan’s machinery orders for August   . . .
  • The $US index rose by  . . .
  • Within the commodities complex, , . . .
  • Economic data due next week  . . .
  • The Gold bulls have been pointing at the monetary stimulus measures of late . . .

Charts:-

  1. Indices Weekly
  2. US Trade Deficit vs $US Index vs Univ of Mich Confidence
  3. UK NIESR GDP vs UK Retail Sales Monitor
  4. $Singapore inverted vs Singapore GDP
  5. Gold (LBM)$ – 3 Price ROC (Bars) – Rel to Silver (LBM) $-Bars

 

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

Never accept the obvious, think

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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