Dave Wrixon

Global Markets in Review: Share Prices Too Far Ahead of Economic Reality

The OECD is just another talking shop. They cannot prevent major market movements even if they had a consensus to do so.


On Nov 22 08:33 PM rick12345 wrote:

> The OECD won't allow the USD to fall much further than $0.75 Euro.
> Doing so would spell disaster for economic recovery around the rest
> of the world.

Global Markets in Review: Share Prices Too Far Ahead of Economic Reality

This could be one of them, unless cash is held in dollars, in which case it will be fit for lighting cigars!


On Nov 22 02:33 PM Rokjok777 wrote:

> There are entire DECADES where cash was the best-performing asset
> class. No fun, though....

Global Markets in Review: Share Prices Too Far Ahead of Economic Reality

May be, may be not. If you assume that the inflation genie is out of the bottle, but Ben is impotent to do anything about it then asset prices could go just about anywhere. Clearly the Japanese are anticipating higher interest rates, which is rational. Clearly, the Americans are not and that too may seem rational, even if the American economy desperately needs them. The big question is whether Ben actually has the power to keep interest rates low as his political masters demand. My guess is that Global Market will stir a tidal wave that will simply swamp his boat.

U.S. Share of World GDP Remains Remarkably Constant

Much of this is down to increased borrowing and consumption, which does not equate to wealth. Much of the rest is down to an increasingly overvalued dollar. Despite the crash last year, the dollar rallied which disguised any effective loss last year. This years figures will be rather different I think.

World Stock Market Rally Continues

Well, where else would you put your Coppers but in a China Pig. Come on, every 5 year old knows that!


On Sep 17 12:39 PM jeremiah74 wrote:

> agree with conceptwizard
> all the stimulus, monetary and fiscal has really just gone into assets
> traded in world markets. it already had its inflationary effect,
> but not where everyone was waiting to see it.. last year it was
> the same with oil. this year its gold, copper..etc and in both
> cases (last summer till lehman collapse and now) into stock markets.
>
> someone just pointed out an article on blomberg, how chinese pig
> farmers have recently piled up copper for purely speculative reasons
> (they might end up feeding the copper to said pigs..)
>
> maybe for the bears its a case of literally fighting the Fed. and
> many are hence throwing in the towel. but i dont think they can keep
> this game up forever

Global Markets in Review: Risky Assets Back in Favor

No Risk is not back in favor.

People are increasingly seeing just about anything as a Safe Haven when trying to flee the dollar.

Country Inflation Rates

Damned you beat me to the punch!


On Jun 23 01:12 PM Gaucho wrote:

> Yes if you believe those numbers especially the US numbers I have
> some LEN stock for you.

Global Markets in Review: Signs of a Bottom Embolden Investor Appetite

"If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence."

Which is precisely why markets behave like lemmings.

Global Markets in Review: Investors Seek Out More Risk

Investors never seek more risk.

It may be, however, that there perception of risk is changing.

In my book, there is no higher risk than dollar denominated bonds.

IMF Global Economic Outlook 2009

If IMF forecasts for the whole of 2009 bore any resemblance to their forecasts for the same period only three months ago, I might just consider the possibility that they have the foggiest idea what they talking about!