Turkey's lira ended the session up over 20% on Monday after President Tayyip Erdogan introduced a series of steps that he said will ease the burden of the weakened currency on Turks, while vowing to press on with a low-rates policy that led to the lira's slide in the first place.
Read more at:
Lira rallies late after Erdogan props up currency | Reuters
Showing posts with label Fata Morgana. Show all posts
Showing posts with label Fata Morgana. Show all posts
12/24/21
10/23/21
USA: How Do You Make 7 Million Workers Disappear? - by Derek Thompson
The U.S. economy is experiencing the disorienting superposition of multiple timelines and while Wall Street still rules, it has the potential of becoming a Fata-Morgana economy.. Let us hope it wont.
Read more at: How Do You Make 7 Million Workers Disappear? - The Atlantic
Read more at: How Do You Make 7 Million Workers Disappear? - The Atlantic
9/16/20
Middle East: What will be the impact of the Trump-sponsored normalisation? -Palestine - by Joe Macaron
It is not a secret that US President Donald Trump is obsessed with
either voiding or emulating the legacy of his predecessor, Barack Obama.
Trump now seeks to defeat Obama's political heir, Joe Biden, in the
upcoming presidential election and wants to stack up enough peace-making
deals to earn the elusive Nobel Peace Prize, just as Obama did in 2009.
As his poll numbers began to sink last summer, foreign policy "victories" became that much more necessary to distract from political troubles at home and boost his rating. Thus, Trump instructed his advisers to scout out deal-making opportunities around the world before the 2020 presidential election.
Gratifying Israel has been at the centre of the president's fixation on collecting foreign deals as trophies, announcing them on Twitter and summoning the concerned parties for a photo opportunity at the Oval Office, so American voters can watch him first-hand demonstrate his skills in "the art of the deal".
Read more at:
What will be the impact of the Trump-sponsored normalisation? | Palestine | Al Jazeera
As his poll numbers began to sink last summer, foreign policy "victories" became that much more necessary to distract from political troubles at home and boost his rating. Thus, Trump instructed his advisers to scout out deal-making opportunities around the world before the 2020 presidential election.
Gratifying Israel has been at the centre of the president's fixation on collecting foreign deals as trophies, announcing them on Twitter and summoning the concerned parties for a photo opportunity at the Oval Office, so American voters can watch him first-hand demonstrate his skills in "the art of the deal".
Read more at:
What will be the impact of the Trump-sponsored normalisation? | Palestine | Al Jazeera
5/18/20
Wall Street Fata Morgana: Dow soars almost 4% main stock-market indexes turn positive for May on coronavirus vaccine hope
U.S. stocks soared on Monday, erasing May losses, on optimism that
the American economy might be percolating again, while the medical
community works toward a potential COVID-19 vaccine.
Risk assets also received a boost after Federal Reserve Chairman Jerome Powell on Sunday night struck a more upbeat tone on the U.S.’s growth prospects, while highlighting that the central bank still retained tools to limit the economic downturn.
Note EU-Digest: Wall Street "Fata Morgana" goes in overdrive, as it clamps on to imaginary "positive" news. Stop dreaming. It's time for a reality check folks. The US economy is on life support.
Dow soars almost 4% main stock-market indexes turn positive for May on coronavirus vaccine hope - MarketWatch
Risk assets also received a boost after Federal Reserve Chairman Jerome Powell on Sunday night struck a more upbeat tone on the U.S.’s growth prospects, while highlighting that the central bank still retained tools to limit the economic downturn.
Note EU-Digest: Wall Street "Fata Morgana" goes in overdrive, as it clamps on to imaginary "positive" news. Stop dreaming. It's time for a reality check folks. The US economy is on life support.
Dow soars almost 4% main stock-market indexes turn positive for May on coronavirus vaccine hope - MarketWatch
6/3/19
USA: America's booming economy is built on hollow promises
The gig is up: America’s booming economy is built on hollow promises
Read more at:
8/28/18
Mexico - US trade deal: Another Trump BS
Trump announces US-Mexico trade deal, setting stage for Nafta overhaul
Read more:
6/18/18
1/29/18
US: Wall Street Pipe-Dream: Market momentum has never been higher but the risk of a crash is high - Marcus Padley
I wouldn't want to scare you but have you seen a chart of the Dow
Jones or the S&P 500 index recently? The RSI or Relative Strength
Index, a technical indicator used by chartists to measure the speed and
change of price movements, is at record highs.
In the technical world the RSI goes from zero to 100 and if a stock has an RSI below 30 it is described as "oversold", and if the RSI is over 70, it is described as "overbought"
While individual stocks are quite volatile and can regularly appear as oversold and overbought, an index like the S&P 500 index, which represents the average of 500 stock prices, is, by definition, not volatile and rarely becomes either oversold or overbought.
At the moment the RSI for the S&P 500 index is trading at 87.9. The Dow Jones RSI is currently 90.5. That means they are both overbought, which is rare enough, but more significantly, I can't see that they have ever seen an RSI number this high, even in the tech boom, ahead of the 1987 crash, or before the global financial crisis. The momentum behind the US markets has never been higher than now
On top of that, the S&P 500 price earnings ratio is now at 24.87x; that is the highest since the tech boom and higher than pre-GFC. I own a couple of businesses and I have to tell you, if someone wanted to come and pay me 24.87x post tax earnings for either of them I would retire a gazillionaire. Yet this is the average, repeat, average, valuation of $US25.12 trillion, repeat, trillion, dollars worth of US stocks in the S&P 500.
There has rarely been such positive sentiment. Trump-inspired of course although there are a myriad of other factors you could list to justify it in the short term, anything from economic recovery to anticipation of a solid results season which is ongoing in the US.
I have our portfolios almost fully invested at the moment, but I have them on a hair trigger. When I see Wall Street fall a few hundred points in one night I will quietly start selling. This herd could turn nasty at any time and with the top of the S&P 500 long-term trading range 17 per cent below where we are now, we could see a 10 per cent correction in the US markets for absolutely no fundamental reason at all, other than the herd deciding to have a sentiment change for some invisible reason, which is usually because some large fund manager somewhere holds an asset allocation meeting and decides to sell, and the rest follow.
It can happen any day. But don't be too smart for your own good by selling before it happens. These exponential moments only come around once every decade and you can't miss them.
Read more: Market momentum has never been higher but the risk of a crash is high
In the technical world the RSI goes from zero to 100 and if a stock has an RSI below 30 it is described as "oversold", and if the RSI is over 70, it is described as "overbought"
While individual stocks are quite volatile and can regularly appear as oversold and overbought, an index like the S&P 500 index, which represents the average of 500 stock prices, is, by definition, not volatile and rarely becomes either oversold or overbought.
At the moment the RSI for the S&P 500 index is trading at 87.9. The Dow Jones RSI is currently 90.5. That means they are both overbought, which is rare enough, but more significantly, I can't see that they have ever seen an RSI number this high, even in the tech boom, ahead of the 1987 crash, or before the global financial crisis. The momentum behind the US markets has never been higher than now
On top of that, the S&P 500 price earnings ratio is now at 24.87x; that is the highest since the tech boom and higher than pre-GFC. I own a couple of businesses and I have to tell you, if someone wanted to come and pay me 24.87x post tax earnings for either of them I would retire a gazillionaire. Yet this is the average, repeat, average, valuation of $US25.12 trillion, repeat, trillion, dollars worth of US stocks in the S&P 500.
There has rarely been such positive sentiment. Trump-inspired of course although there are a myriad of other factors you could list to justify it in the short term, anything from economic recovery to anticipation of a solid results season which is ongoing in the US.
I have our portfolios almost fully invested at the moment, but I have them on a hair trigger. When I see Wall Street fall a few hundred points in one night I will quietly start selling. This herd could turn nasty at any time and with the top of the S&P 500 long-term trading range 17 per cent below where we are now, we could see a 10 per cent correction in the US markets for absolutely no fundamental reason at all, other than the herd deciding to have a sentiment change for some invisible reason, which is usually because some large fund manager somewhere holds an asset allocation meeting and decides to sell, and the rest follow.
It can happen any day. But don't be too smart for your own good by selling before it happens. These exponential moments only come around once every decade and you can't miss them.
Read more: Market momentum has never been higher but the risk of a crash is high
12/19/17
USA: Economic optimism soaring, helping Trump: says "bogus" CNBC survey - Or is it another Stock Market Fata Morgana?
The "CNBC All-American Economic Survey" found that for the first time in at least 11 years, more than half of "respondents" to the survey rated the economy as good or excellent, while a near record 41 percent expected the economy to improve in the next year.
Note EU-Digest: Is this another Wall Street Fata Morgana? Who was covered in this bogus survey? Certainly not the one out of 4 Americans who live in poverty. How do we explain the great proven disparity between poor and rich in America. Tell us another one CNBC.
EU-Digest
1/2/17
US Economy: Re-Energized Dollar Looms Over the Rest of the World - by Ira Iosebashvili
Most analysts expect the U.S. currency to strengthen in 2017, extending a gain that has boosted the value of US Dollarby more than one third since the US credit downgrade in 2011.
Note EU-Digest: the strength of the US economy could also be a Wall Street Fata Morgana created by Wall Street and the corporate controlled press - time will tell.
Read more: Re-Energized Dollar Looms Over the Rest of the World - WSJ
3/18/15
The Media: Stop giving PR lip service to ISIS/ IS - They Are Enemies of Humanity - Not A Marketable Product - by RM
 |
| ISIS Psychopathic Derelicts Execute Innocent Civilians |
The Islamic State is a Fata Morgana, and all the stories about its legality are bogus. Unfortunately the cruel crimes committed by these psychopathic derelicts are a reality.
But sadly, not much has been done to curb the ability of these fanatic criminals to project a (deluted) image which continues to attract numerous individuals to their cause. An image which indirectly is reinforced by the publicity the media provides them.
Twitter, Facebook, Google, Microsoft, who all have the means to track our whereabouts and activities should at least also be able to use those same capabilities to track these Enemies of Humanity and bar them from using their services to recruit followers and spout their nonsense.
As to the general corporate controlled press, they should, in this particular case at least, forget their profit motives for once. Stop giving these Enemies of Humanity the time of day in your news reports.
9/16/12
US Economy: In a crummy economy, why are stocks soaring? It's Ben's money
Economic growth is pitiful. Unemployment has topped 8 percent for an exhausting 43 months. The nation is careering toward a so-called fiscal cliff, and maybe a recession.
So why is the Dow Jones industrial average, that trusty gauge of corporate America’s strength, just 4 percent shy of an all-time record? And why are the smaller public companies measured by the Russell 2000 index almost there already?
Start with two words: Ben Bernanke.
Bernanke, the Federal Reserve chairman, this week announced unprecedented measures aimed at lifting the sagging economy — and boosting the prices of assets like stocks and houses. The market rallied all summer in anticipation of such a move.
The Fed made an open-ended promise to purchase $40 billion a month in mortgage bonds and said it will keep interest rates low through 2015, even if the economy starts to improve.
Note EU-Digest: The above Ben Bernanke saga can best be classified as a Fata Morgana.
Read more: In a crummy economy, why are stocks soaring? It's Ben's money | The News Journal | delawareonline.com
So why is the Dow Jones industrial average, that trusty gauge of corporate America’s strength, just 4 percent shy of an all-time record? And why are the smaller public companies measured by the Russell 2000 index almost there already?
Start with two words: Ben Bernanke.
Bernanke, the Federal Reserve chairman, this week announced unprecedented measures aimed at lifting the sagging economy — and boosting the prices of assets like stocks and houses. The market rallied all summer in anticipation of such a move.
The Fed made an open-ended promise to purchase $40 billion a month in mortgage bonds and said it will keep interest rates low through 2015, even if the economy starts to improve.
Note EU-Digest: The above Ben Bernanke saga can best be classified as a Fata Morgana.
Read more: In a crummy economy, why are stocks soaring? It's Ben's money | The News Journal | delawareonline.com
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