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World Stock Markets Trading Discussion - Artless apathy


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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 had a respectable gain for the day, +0.6% thanks to Gold +6% and IT +2.2%.  Energy was the only down sector, -0.2%.

Over in Asia, China +2.4%, Hong Kong +1.2%, Japan +0.6%, India currently +1.3%.

UK/Europe in the green (so far): FTSE +0.4%, DAX +1%, CAC +0.7%.

 

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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THE BOILING FROG DEFAULT SYNDROME

Because inflation is at 2% per annum the US government is defaulting on its real debts at a rate of 2% a year.

Compounded this means that the USA wipes out the real value of its federal debt every 35 years.

The same applies to all USA based debts.

As all debtors are free riders on the boiling frog debt default train. 

Thasts why lending long at current low rates is a gift to the borrowers.

 

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