Investment Markets Overview – W/E 22nd August 2014

As liquidity starts to vaporise and volatility returns to the financial markets, policy-makers the world over, and in particular the Central Bankers, have moved into overdrive to extend the veneer that, “all is well.” The united front, however, is fracturing, as evidenced within the minutes of the latest policy meetings of the Federal Reserve and the Bank of England released this week and by “reading between the lines,” of a speeches made at the annual Jackson Hole economic symposium. More on this later, but as the Euro-Zone ground to a halt in Q214 it’s reassuring to note that the EU Commission has it’s priorities in place as it introduced more rules, four years in the making, that bans powerful vacuum cleaners, including many of the best in the market-place, citing climate change concerns and the cutting of Europe’s energy usage. The EU “experts” have restricted the power of vacuum cleaners to levels last seen in the 1960s, whilst manufacturers, who in the main disagree with the commission’s conclusions on power/efficiency, say it could also reduce cleaners’ ability to remove fine particles from the air they pump back into the atmosphere, potentially leading to health problems for allergy and asthma sufferers. The European Commissioner for Energy since February 2010 is Günther Hermann Oettinger, aged 60 and a career politician for half of his life, or should we say about 75% of his “working life,” latterly as a Merkal insider. Allegedly, Chancellor Angela Merkel nominated Oettinger as she wanted to appoint a German Commissioner who would not outshine her. Judged by the end result from that other climate-change initiative, energy efficient light bulbs, which provoked a backlash from consumers who said the newer energy efficient bulbs produced less light and were more expensive than the traditional ones, she will have achieved her objective, giving a whole new meaning to dimming the lights.

22 August 14

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 . . .

Returning to that “fracturing of the united front,” the latest Bank of England minutes showed   …..

Charts:
1.Indices Weekly
2.US PPI V US CPI
3.UK House Prices V Asking Prices
4.HK GDP V HK Unemployment
5.Commodity 1 Week Moves

Table:

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

Perhaps the Biggest Bubble is in Government and Its Various Organs

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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