China hits pain barrier on road to prosperity
China faces a crucial year in transforming its economy and the costs of preventing social unrest are spiraling.
Source: China hits pain barrier on road to prosperity
Archive for the ‘Uncategorized’ Category
10 million Indians use this app
Sachin Teke created the m-Indicator app because his daily train commute in Mumbai was unpredictable. Six years later, it’s one of the most-used Indian apps, with 10 million users.
Source: 10 million Indians use this app
China film scam: Phantom screenings and fake sales
China’s film industry regulator has suspended the license of a company for fraudulently exaggerating box office sales for “Ip Man 3,” which stars former boxer Mike Tyson and Hong Kong actor Donnie Yen.
Source: China film scam: Phantom screenings and fake sales
Supply and Demand Report, 20 Mar, 2016
Early on Monday morning (Arizona time), silver began to rise. From its close on Friday of $15.46, it ran up to $15.82. Then it began to slide, eventually dropping to $15.17 by midmorning on Wednesday. Then…
*BAM*
The Fed said not a lot. It will go on manipulating the rate of interest rate to the same level as it had been previously. This was not what the market was expecting, as many believed the Fed was on the war rate-hiking path. Lower interest means more quantity of money dollars which means more rising prices which means gold and especially silver should go up.
And go up, silver did. At least, if you measure it using muggle money. Silver ran up 44 cents on the Fed announcement. Then consolidated before running up over $16. It finally exhausted itself $16.15.
It ended the week at $15.78, about 30 cents higher than it began. As the muggles would reckon it, gold went up $5.
As always, we’re interested not so much in the price chart as the fundamentals of supply and demand. We like to know if a move was just leveraged speculators buying or selling futures, or if it was buyers or sellers of actual metal. The latter can tell us if a move will likely be durable or not.
This is a segue into an interesting question asked by a reader last week. He noted that the speculators are trying to predict the next price move. What if they’re right? Then a speculative move may lead a fundamental move.
That is true enough—if they’re right. The catch is knowing if they’re right, on a case by case basis. We have lost count of the number of times silver speculators have gotten excited and falsely predicted a breakout. There have been many corrections as the price of silver has dropped over the three years that we have been publishing our analysis, and the period before that when we had a private email letter. And when each of those corrections has exhausted itself, the downward price trend continued.
Have we seen the price bottom? We think it’s likely. At least, there is no fundamental reason for silver to go back to a 13 handle. On the other hand, if silver speculators became as depressed about their metal as gold speculators are, then that is exactly what would happen.
On the other, other hand—quick, somebody get me a one-handed economist!—we think it is more likely that bearish gold sentiment will slowly fade than that bearish sentiment will bleed over from gold to silver.
Price bottom aside, is there any reason to expect a skyrocketing silver price? Read on for the only true picture of the gold and silver supply and demand fundamentals
(For an introduction and guide to our concepts and theory, click here.)
But first, here’s the graph of the metals’ prices.
The Prices of Gold and Silver
Next, this is …read more
Source: Supply and Demand Report, 20 Mar, 2016
A U.S. company is taking over 3 historic Cuban hotels
Cuba and U.S. ties are strengthening, and now Cuba will have three hotels run by a U.S.-based company.
Source: A U.S. company is taking over 3 historic Cuban hotels
Currency Debasement & The Death Of Roman Emperors
By Tyler Durden
Correlation does not necessarily imply causation.
In other words, just because two sets of data may follow a similar pattern, it does not mean there is any direct causal relationship.
Courtesy of: The Money Project
Notes on the Data
Data on Roman Emperor deaths is from this resource, and the debasement of silver coinage was previously covered by Armstrong Economics.
Roman Emperor deaths or abdications included in the visualization are ones that occurred between the birth of the Empire (27 BC) to the fall of the Western Roman Empire (476 AD). It’s also worth noting that, according to the source, there is a significant amount of emperors who had fates that are unclear or died under mysterious circumstances, and therefore the list may not be entirely accurate.
Source: Currency Debasement & The Death Of Roman Emperors
