1229 days ago
Writer Steve St. Angelo of the SRSrocco Report says that the Fed’s Treasury purchase isn’t money creation; instead, it destroys it. Therefore, QE is not inflationary as many believe. This process is supposed to lower rates and thus increase public borrowing. However, QE is destroying money velocity and gradually ruining the economy.
2126 days ago
African Potash (AFPO) released 2 RNS statements about claimed deals in Southern Africa,. The shares raced ahead. Nomad Cantor Fitzgerald and its QE Mr Stuart Dick signed off on those RNS statements but cannot have bothered to check the original documentation about those deals. Because I got hold of that documentation & published it and that showed the RNS's were misleading. But they caused a share spike allowing a bailout placing to go ahead.
2328 days ago
A Survation poll taken on Saturday shows the Tories falling fast to 38% and Labour rising to 40%. And the Brexit betrayal backlash is only just beginning. For starters, Mrs May’s henchmen have so far managed to gag most Tory MPs with threats while they spin the line that her betrayal is a good deal for Britain and is essentially what we 17.4 million voted for. That gag and that lie won’t hold for long. And secondly many of us were too bothered about the World Cup and associated drinking to take on board the full scale of the treachery, of the red lines and ,manifesto pledges abandoned. Only now is that sinking in.
3220 days ago
I gave this presentation in Clerkenwell last night. I am not predicting a crash but I am suggesting that the debt and QE bubble is only starting to unwind and will go much further
3397 days ago
An odd day yesterday had me reflecting on how QE and low base rates had skewed life but how that is all about to change. A bearish podcast on equity prices and UK house prices. Then onto Sefton, Armour Group and Monitise.
3670 days ago
The front page of the Telegraph’s coverage of the US midterms has the vile Clinton woman hugging the harridan Democrat incumbent in North Carolina. The democrat harridan lost her Senate Seat. Back in Bill Clinton’s home state the lecherous old dirtbag himself turned out nine times in support of the incumbent Democrat senator. He lost too. President hopey change is now so toxic that he was barely seen on the stump at all with many Democrats refusing to use his name and one high profile Senate challenger refusing to say if she had even voted for the man she refused to name. It did not save her. She lost too.
The GOP now runs both the Senate and the House. President Obama is a widely loathed lame duck President and all those associated with him, including the loathsome Clintons are equally tarnished. What a great day for America.
Six years ago President Obama promised so much and was promptly given the Nobel Peace prize. Six years later
3672 days ago
In this podcast I start with a broad macro sweep following a chat with Evil Knievil earlier. The end of QE (pro tem), interest rates and how this will all affect equities and other asset classes. I then move on to some observations some general but some specific about Quindell, Fitbug, Monitise, Globo, blinkx and Independent Oil & Gas.
4029 days ago
I hope you appreciate my efforts so far on behalf of Movember. This is the first time in my life that I have grown daft facial hairs. If you might care to sponsor me for a few quid you can do so HERE
The video postcard this week discusses the inconsitencies, weaknesses and other issues which are making me like UKIP less and less.
My financial video postcard discusses the ongoing UK consumer boom, what it means for QE, base rates and shares and can be watched here.
4145 days ago
My old pal Robert Sutherland Smith, now aged 167, is off on a summer break for a few days. Before departing he offered up his thoughts on life from Hampstead Heath. He has also served up two articles today (on G4S and Tesco) on www.shareprophets.com Over to RSS.
Now that the great heat has come, the ponds more closely resemble the Ganges with seemingly half the population of London seeking its cool liquidity, except that the water no longer has that cool crispness which bites back in less sunny days.
Crowds as we know are prone to madness
4397 days ago
Well I told you so. My heart in the end went, marginally, for Romney and as I see deluded lefties across the media world delighting in another four years of hopey change I feel Romney’s pain. But my head told me Obama would win and so I have called it as an Obama victory from the moment it became clear he was going to face Mitt. I never flinched in that – whilst other conservative writers claimed Mitt had momentum and would inch it, this pundit got it 100% right. I shall cover the political and coverage aspects later but starting with the economy. Obama’s victory is not very good news for the USA.
4398 days ago
After 6 billion dollars and what seems like an eternity of evasion and unfulfillable promises America must decide today whether to re-elect President Obama or to replace him with Mitt Romney. What a god awful choice. It is just like Manchester United versus Chelski, you want both teams to lose. But after another evening with deluded lefties I think I have now decided who I want to lose less.
Rating the two men on a number of issues is a pretty thankless task but here goes on what matters to me.
