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Katchum
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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
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Correlation Economics
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  • ECB $1.3 Trillion Money Printing Visualized

    The ECB announced QE of 50 billion euro/month, probably for 2 years. That amounts to 1.1 trillion euros or $1.3 trillion dollars.

    It looks something like this. The Fed, the ECB and the BOJ will all happily intersect with each other in 2017.

    (click to enlarge)

    If everything goes as planned, this is very bullish for the U.S. dollar. Considering the fact that global money printing has just increased through the ECB, gold will benefit greatly.

    As always, European bonds will not be a good investment when the ECB prints money, because the currency of those bonds gets devalued, so I would definitively avoid that.

    For all those Europeans who bought gold in advance, congratulations!

    We'll see what happens tomorrow...

    Jan 21 3:37 PM | Link | Comment!
  • China Power Consumption Forecasts Slow But Steady Growth

    The latest China power consumption numbers forecast slow growth, but it is improving a bit. With 5% yoy power consumption growth, I believe 7% GDP growth will be the norm.

    Jan 20 4:01 PM | Link | Comment!
  • LBMA To Stop Reporting GOFO Rates In February 2015

    In September I reported that the LBMA could stop reporting the GOFO rates.

    Well, we got notice that LBMA will stop reporting the GOFO rates from February onwards.

    This will give a green sign for all the gold manipulators.

    Tags: GLD
    Jan 12 6:31 AM | Link | Comment!
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