Investment markets Overview – w/e 11 Oct 2013

It was an eventful week for the markets and for the bureaucracies alike. The US Government remained in “shut-down” mode, with up to 800,000 Federal workers sent on unpaid leave whilst the Neanderthal politicians tried to cobble together a budget, which they have failed to do for three years. They are also trying to raise the limit on the Government’s credit card, better known as the debt ceiling, which at a near $US 17,000,000,000,000 is maxed out. Obama did nominate Janet Yellen as the next Fed chairman, putting the central bank in the hands of the first female leader in its 100-year history and who is allegedly even more dovish than Uncle Ben. As all of this was transpiring, the IMF and the World Bank were holding their annual meetings in Washington, more below, whilst out East, APEC, a forum for 21 Pacific Rim member economies who seek to promote free trade and co-operation, met up in Bali. This annual event is attended by the heads of government with the exception of China, who sends a ministerial-level official under the name of Chinese Taipei, which must please Taiwan.

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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  . . .

  • The Asia Pacific Economic Co-operation (Apec) summit was meant to make headway on a big free trade deal called the Trans-Pacific Partnership,  . . .
     

  • Charts:-
    1. Indices Weekly
    2. US Statutory Debt Limit
    3. NFIB Single Most Important Problem: September 2013
    4. Greece Unemployment Rate vs Greece CPI Y on Y
    5. India Imports Y on Y vs India Exports Y on Y
    6. Commodity 1 Week Moves
         
  • Table:

13 Indices, 11 columns of detailed information, for accurate analysis
   

  Consensus is what people say in collective, but no one believes individually” 

     

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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