Investment Markets Overview — W/E 25th November 2016

Cost–benefit analysis….is a systematic approach to estimating the strengths and weaknesses of alternatives with a view to determine options that provide the best approach to achieve benefits. The term was used this week by none other than Tony Blair, perhaps the worst UK Prime Minister in history, as he, along with other former leaders, Conservative John Major and Lib-Dem Nick Clegg, continue with their undermining of the democratic process to seek a second brexit referendum due to not liking the result of the first one. Blair certainly knows all about the aforementioned term, the country’s cost and his benefit that is, whilst the other pair, together with fellow establishment insiders still cannot resist the spreading of “doom and gloom” in respect of the British economy. Appalling timing as the latest economic statistics announced this week and expanded on below, have defied the doomsters. That said, we have provided our own warnings, based on factual analysis rather than political spin, which has nothing to do with brexit but all to do with unprecedented debt levels, which have grown exponentially under the stewardship of the said three “leaders.” Meanwhile, the current incumbents’ of No 10 and 11 Downing Street put their respective hands up this week as the Autumn Statement revealed that the fiscal deficit and the debt to GDP objectives hadn’t a proverbial dogs chance of being met. Their solution…..borrow even more money to fund infrastructure spending, aka Japan mid 1990s with predictable results, on which further comment is available via, “Garbage In – Garbage Out.” 

It’s been a calmer week for the debt markets, excepting for Japan that is where the JGB 10-year spiked higher. Stocks ground higher, but on pitifully low volumes compounded by the US thanksgiving holiday. Meanwhile, $Gold triggered a “death cross.” There is a lot more comment and charts on these asset classes below:

25-nov-16

 

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 global “tax grab” by greedy but grossly indebted governments’, took a new twist of late, with India being the trial “template.” ……

Charts:
1.  Indices Weekly
2. US PMIs V  $US Index
3. Italy Constitutional Referendum Voting Intentions
4. Singapore CPI V Singapore GDP
5. Commodities Weekly

Table:

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

                                        “Be careful what you wish for comes to mind”

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

 

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