Investment Markets Overview — W/E 4th September 2015

As the Global financial markets continued to fall in front of their eyes, the G20 finance ministers and central bank governors met up in Ankara, Turkey this week to discuss world economic affairs, better known as “naval-gazing.” After spending months, if not years, in the art of competitive devaluations and a “race to the bottom” in respect of interest rates, China’s recent Yuan devaluation has been seen as a step to far, and it is blamed for driving the $US ever higher and dramatically increasing the cost of servicing, let alone repaying, many emerging economies enormous overseas debt levels. The Chinese delegation said the currency move wasn’t an attempt to grab exports from its international competitors and that explanation was accepted by the other nations, according to an international official, as was the blatant Yen devaluation of two years ago. The Spanish finance minister, Luis de Guindos, said, “there’s been an excess of investment and an excess of indebtedness — it will take time to clean up those excesses,” and he is correct, an excess of debt always causes a level of over-capacity and mal-investment, and this debt build-up has been the largest in history.

4 Sept 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 . . .

 There are two main issues that occupy the UK electorate and the main political parties who endeavour to govern, oops, serve them ……

Charts:
1.  Indices Weekly
2. US Trade Deficit V $US Spot
3. E-Z Unemployment V E-Z Retail Sales
4. Japan Real V  Nominal Labour Cash Earnings
5. Commodity YTD  Moves

Table:

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

“Bureaucracy feeds Bureaucracy.

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

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