Baltic Dry Index. 875 -16 Brent Crude 49.43
LIR Gold Target in 2019: $30,000. Revised due to QE programs.
"Ultimately in a fiat money system asset prices reflect “outside”
i.e. central bank money and the extent to which it multiplied through the
banking system."
Deutsche
Bank
Today, the return of China’s stock markets, after an
unexpected forced closure last week, in
celebration of China’s victory over Japan in World War Two. The missing
Chairwoman of hedge fund Man Group China, returned at the weekend from “industry
meetings” and a quick unplanned “vacation,” after first assisting China’s
police investigating the collapse of China’s stock markets with their enquiries.
The west’s crooked, ex-Goldmanite central banksters can only look on in
envy. The Great Malinvestment Bubble
spawned by their policies of QE forever and ZIRP and NIRP, have now gone out of
control, and the Fedster’s have backed themselves into a corner on raising their
key interest rate later this month.
They’re damned if they do and damned if
they don’t, a fitting end to the 44 year long Great Bond Bubble. If only like
China, they could call in the Great Vampire Squids and their Muppets, for a
series of Chinese style meetings. In America, land of the free, all they’ve got
at hand are the Patriot Acts and extend and pretend, mark to the model. Chinese
meetings seems to be so much more effective and faster.
Today with America away on holiday, Asia gets back to
trying to rig stocks higher. But with the Great Bond Bubble ending, any relief
rallies are unlikely to hold for very long.
"You
can get much farther with a kind word and a gun than you can with a kind word
alone."
Al
Capone.
Asian Stocks Swing With Chinese Shares After Holiday; Yen Drops
September 7, 2015 — 12:07 AM BST Updated on September 7, 2015 — 3:36 AM
BST
Asian stocks fluctuated as early gains by Chinese shares evaporated
after national holidays. U.S. equity-index futures advanced, while the yen
declined.
The Shanghai Composite Index fluctuated after rising as much as 1.8
percent after the open, while a gauge Chinese companies in Hong Kong pared
gains after closing at a two-year low Friday. Japanese shares swung between
gains and losses as the yen slipped. Standard & Poor’s 500 Index futures
climbed after the measure slumped in the wake of Friday’s U.S. jobs data. Crude
oil retreated, while Malaysia’s ringgit and Turkey’s lira led emerging-market
currencies lower.
“The first reaction to the Chinese open is relief,” Yuji Saito,
executive director of foreign exchange at Credit Agricole SA in Tokyo. “Whether
this will hold or not remains to be seen. Officials’ comments must also be
watched.”
People’s Bank of China Governor Zhou Xiaochuan said in a
statement at the weekend that the rout in Chinese equities is close to
ending, and that state intervention prevented systemic risk and stopped a
free-fall. Friday’s U.S. payrolls report was mixed, doing little to change
bets on a Federal Reserve rate increase this month as fewer workers than
estimated were added, while the unemployment rate dropped and earnings grew.
More
China Mulls Circuit Breaker to Avoid Stock Jolts, Xinhua Reports
September 7, 2015 — 4:32 AM BST
China is considering imposing circuit-breakers to temporarily shut down stock
trading in the event of “abnormal” fluctuations, Xinhua News Agency reported.Trading would halt for an unspecified period of time in the event of a substantial drop, Xinhua reported late Sunday, citing an unidentified official from the China Securities Regulatory Commission. The regulator will also scrutinize algorithmic trading, curb speculation on index futures and step up regulation covering stock financing, Xinhua said.
Chinese regulators are grappling to control price swings in a stock market that’s lost $5 trillion in value since its June peak. In a statement on its website yesterday, the CSRC said it would continue to take action to stabilize the market when abnormal volatility poses systemic risks.
More
Mobius to Beijing: Quit Fighting the Market and Let Stocks Fall
September 6, 2015 — 5:00 PM BST Updated on September 7, 2015 — 3:06 AM
BST
How do you get a bottom-up stock picker, a chart watcher and an
economist to agree? Try asking them about Chinese equities.
Mark Mobius, Tom DeMark and George Magnus -- world-renowned forecasters
who view markets through three very different lenses -- are all finding common
ground with their predictions that Chinese shares have further to drop. They
say government efforts to prop up the $5.1 trillion market are futile, a view
that’s gaining traction among analysts after an unprecedented two-month rescue
effort failed to spark a sustained rally.
“I’d expect the government to be reducing intervention,” Mobius, the
Franklin Resources Inc. money manager who’s been investing in emerging markets
for more than four decades, said in an interview in Hong Kong on Friday. “They
realize it’s not working.”
Authorities may be more receptive to declining share prices now that the
country’s World War II victory parade -- seen as a platform for President Xi
Jinping to project China’s strength on the world stage -- has passed without
incident. Mainland exchanges, shut since Sept. 2 for national holidays to
celebrate the war anniversary, will reopen Monday facing a range of indicators
that suggest investors see more declines.
More
Man Group China Chief Back From ‘Meetings,’ Denies Police Probe
September 6, 2015 — 2:20 PM BST Updated on September 6, 2015 — 3:19 PM
BST
Li Yifei, chairwoman of hedge fund firm Man Group Plc’s China unit, said
she is back from a “series of meetings” and a short vacation, denying a report
she had assisted a police probe into market volatility.
Li declined to provide further details on the meetings and returned home
on Friday, she said in an interview by telephone on Sunday.
Li was taken into custody to help with an investigation into market volatility, a person familiar with the matter said on Aug. 31. There is no suggestion she is facing charges or did anything wrong. Chinese authorities imposed limits on wagering against stocks, known as short selling, after a stock-market rout erased $5 trillion of value off the mainland bourse. The campaign against market manipulation has snared senior executives at Citic Securities Co., China’s largest brokerage, as well as a journalist at business magazine Caijing.
Li has led the China business of Man Group, the world’s largest publicly traded hedge fund, since November 2011, according to her profile on LinkedIn. The Asia-Pacific region accounted for almost a fifth of Man Group’s funds under management in the first half of 2015, according to the group’s earnings report.
The meetings attended were “industry meetings,” Li said on the Twitter-like Weibo service Sunday afternoon.
More
I
want to share something with you: The three little sentences that will get you
through life. Number 1: Cover for me. Number 2: Oh, good idea, Boss! Number 3:
It was like that when I got here.
Homer
Simpson. Number two especially useful in Chinese meetings.
At the Comex silver depositories Friday
final figures were: Registered 51.81 Moz, Eligible 116.08 Moz, Total 167.89
Moz.
Crooks and Scoundrels Corner
The bent, the seriously bent, and the totally
doubled over.
Below, progress. But
who wants a car that turns right when you need to turn left, or stops dead in
the fast lane of the Queen’s highway.
Second Fiat Recall Spotlights Growing Worries Over Car-Hacking
September 4,
2015 — 10:14 PM BST
Fiat Chrysler Automobiles NV has issued its second recall in six weeks over
flaws that left vehicles vulnerable to hacking, spotlighting concerns that
increasingly sophisticated electronics in cars may allow criminals to interfere
with their operation.The flaw, affecting 7,810 2015 Jeep Renegade SUVs, relates to 6.5-inch touchscreens. The recall is to “protect connected vehicles from remote manipulation,” Fiat Chrysler said. The vehicles will get a software update to make them more secure.
“The software manipulation addressed by this recall required unique and extensive technical knowledge, prolonged physical access to a subject vehicle and extended periods of time to write code,” the company said.
The company’s first recall, announced in July, followed a report in Wired Magazine showing hackers could manipulate a Jeep Cherokee using a laptop in a remote location. The hackers were able to control the SUV’s electronic control units, cutting power as it drove on a Missouri freeway.
The earlier recall covered 1.4 million cars and trucks equipped with a UConnect radio system made by Harman International Industries Inc. In both cases, Fiat Chrysler said it doesn’t consider the flaws as a safety-related defect. There are no injuries related to the software vulnerability, and the company said it isn’t aware of any complaints, warranty claims or crashes.
The latest recall wasn’t prompted by any new hacking incident, said Eric Mayne, a spokesman for Fiat Chrysler, whose U.S. operations are based in
Auburn Hills, Michigan.
Solar & Related Update.
With events
happening fast in the development of solar power and graphene, I’ve added this
new section. Updates as they get reported. Is converting sunlight to usable
cheap AC energy mankind’s future from the 21st century onwards? DC?
A quantum computer next?
New nanomaterial maintains conductivity in three dimensions
International team seamlessly bonds CNTs and graphene
Date: September 4, 2015
Source: Case Western Reserve University
Summary: An international team of scientists has developed a
one-step process for making seamless carbon-based nanomaterials that possess
superior thermal, electrical and mechanical properties in three dimensions
The research holds potential for increased energy storage in high efficiency
batteries and supercapacitors, increasing the efficiency of energy conversion
in solar cells, for lightweight thermal coatings and more. The study is
published today (Sept. 4) in the online journal Science Advances.
In early testing, a three-dimensional (3D) fiber-like supercapacitor
made with the uninterrupted fibers of carbon nanotubes and graphene matched or
bettered--by a factor of four--the reported record-high capacities for this
type of device.
Used as a counter electrode in a dye-sensitized solar cell, the material
enabled the cell to convert power with up to 6.8 percent efficiency and more
than doubled the performance of an identical cell that instead used an
expensive platinum wire counter electrode.
Carbon nanotubes could be highly conductive along the 1D nanotube length
and two-dimensional graphene sheets in the 2Dplane. But the materials fall
short in a three-dimensional world due to the poor interlayer conductivity, as
do two-step processes melding nanotubes and graphene into three dimensions.
"Two-step processes our lab and others developed earlier lack a
seamless interface and, therefore, lack the conductance sought," said
Liming Dai, the Kent Hale Smith Professor of Macromolecular Science and
Engineering at Case Western Reserve University and a leader of the research.
"In our one-step process, the interface is made with
carbon-to-carbon bonding so it looks as if it's one single graphene
sheet," Dai said. "That makes it an excellent thermal and electrical
conductor in all planes."
MoreThe monthly Coppock Indicators finished August
DJIA: +65 Down. NASDAQ:
+168 Down. SP500: +92 Down.
No comments:
Post a Comment