Investment Markets Overview — W/E 12th June 2015

A report by the US Peterson Institute for International Economics suggests that if foreign countries had pursued growth through domestic demand, post the financial crisis, instead of through “currency manipulation,” the dollar would have been weaker, the US trade deficit would have been smaller, and US growth and employment would have been higher. This view is purportedly supported by the former Fed chair, Ben Bernanke, himself no stranger to market manipulation. The report goes on to state that, “during the past 15 years, countries around the world have realised that currency manipulation is an easy way to goose economic growth at the expense of the rest of the world.” Strong accusations indeed which certainly chimes with the “beggar thy neighbour,” policies by the world’s central banks’ over the past few years, if not longer. It’s quite ironic that as the report was released, the UK’s CB chief, Charmer Carney, and his partner in crime, Chancellor “you can call me Jeffrey” Osborne, used the annual Mansion House speech to warn that the “age of irresponsibility” is at an end for the banks and the financial services sector, promising tougher penalties for market abuse, including jail-time, but not for the central bank or finance ministry, of course, as their manipulative activities are considered to be “prudent stability actions.”

12 June 15 .

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 the UK Mansion House speech, Chancellor Osborne announced the sale of the former largest bank in the world, the Royal Bank of Scotland ……

Charts:
1.  Indices Weekly
2. US Job Openings V US Unemployment
3. E-Z GDP V E-Z Household Consumption
4. Japan GDP V Japan M3 M-S and Credit
5. Commodity YTD  Moves

Table:

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

“Maths to a politician is Far different than that of the Electorate.

Click Here to view Details of the full version of this Newsletter which includes full text and detailed

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