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World Stock Markets Trading Discussion - Passive plunge


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Thought there might be a bounce today but early openers are once again mired in red: Kiwis -0.3%, Aussies -0.8%, Japan -1.1% and Sth Korea -0.5%.

In Aussie sectors, Gold +1.4% is the only sector with a gain.  Healthcare -2% is down the most followed by Energy -1.9%, Consumer Discretionary -1.6% and IT -1.5%.

 

All Ords

xao_1d.png

http://www.abc.net.au/news/business/

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

All Ords came off the lows to finish -0.2% for the day.  Gold +1.6% was the main mover on the upside with Healthcare at the other end, -1.7%.

Over in Asia, China +0.4%, Hong Kong flat, Japan -0.8%, India currently +0.4%.

UK/Europe not convinced: FTSE -0.4%, DAX -0.1% and CAC +0.1%.

big.chart?nosettings=1&symb=UK%3AUKX&uf=

  

  

big.chart?nosettings=1&symb=DX%3ADAX&uf=

  

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

  

http://bigcharts.mar...com/default.asp

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QUANTITATIVE TIGHTENING AND TRADE DEFICITS

So China's trade surplus with the USA hits a new all time high

Why?????

Well you can thank the FED for that.

Quantitative tightening means capital flows back to the USA from the periphery

Creating all the currency and credit collapses we have seen - Turkey, Argentina, Iran et al

And also the depreciation of the Yuan against the Dollar.

But its secondary effect is to increase American's purchasing power

And where does this purchasing power flow to????

To the import of more foreign goods to satisfy the consumptionist monster which lies at the heart of the American economy.

Right back to China and increases the trade deficit with China!!!!!

The Tarrifs are really a consumption tax on the American consumer.

So in a way they contribute to the "great rebalancing" between consumption and production that the American economy so badly needs.

But of course this is currently being cancelled out by QT!!!!!!!!!!!!!!!!!

The effects of the Presidents tarriff war against china are being cancelled out by the QT actions of the FED.

Oh the complete and total irony!!!!!!!!!!!!!!!!!!!!

 

Where is the Quantitative Tightening ETF when you need it??????????

 

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