Investment Markets Overview – w/e 21 June 2013

Following the FOMC two day meeting this week, Chairman Bernanke said, “The committee currently anticipates that it will be appropriate to moderate the monthly pace of purchases later this year, and if the subsequent data remain broadly aligned with our current expectations for the economy, we will continue to reduce the pace of purchases in measured steps through the first half of next year, ending purchases around mid-year.” He was talking of course about the monthly $85BN of heroin, sorry, treasury and mortgage-backed bonds that the Fed purchases in some half-baked experiment to stop the de-flationary forces that always follow a rampant credit spree, such as 1996 through 2007. As stocks, bonds and commodities, including gold, cratered around his ears, Uncle Ben issued a further statement saying that, “if you draw the conclusion that I said that our policies, the purchases, will end in the middle of next year, you’ve drawn the wrong conclusion, because our purchases are tied to what happens in the economy.” Too late, Ben, investors are finally waking up to the fact that your and other central bank policies have compounded the imbalances already in place.

130621_chart

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

  • US economic data . . .

  • Euro-Zone   . . .

  • The UK . . .

  • Out East   . . .

  • The $US index  . . .

  • Within the commodities complex  . . .

  • Economic data due next week includes  . . .

  • Staying with the theme of central bankers,  . . .
     

  • Charts:-
    1. Indices Weekly
    2. US CPI M on M vs US Personal Consumption Expenditure Y on Y
    3. Euro-Zone Consumer Confidence vs Euro-Zone Composite PMI
    4. Shanghai Overnight Inter-Bank Rate vs Shanghai Comp Inverted
    5. US vs UK vs E-Z 10 year Bond Yield

 

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

“The Blind leading the Blind comes to Mind

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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