Astrology, Numerology, Palmistry And Wealth


The immediate impetus to write this post came from watching this video today:

However, I’ve wanted to say what I do in this post for a pretty long time i.e. ever since I started noting the number of readers interested in my astrology , numerology, palmistry and other posts of a like nature and the anxious questions that are asked of me via comments and sometimes even e-mails.I fear that a lot of people are placing an excessive reliance on slavishly following fetishes and rituals to make money, rather than exercising robust common sense and improving┬átheir money making skills. Read more of this post

The Yen Carry Trade


wealthymattersA carry trade is a strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used.

Here’s an example of a “yen carry trade”: a trader borrows 1 million┬áJapanese yen from a Japanese bank, converts the funds into U.S. dollars and buys a bond for the equivalent amount. Let’s assume that the bond pays 4.5% and the Japanese interest rate is set at 0%. The trader stands to make a profit of 4.5% as long as the exchange rate between the countries does not change. Many professional traders use this trade because the gains can become very large when leverage is taken into consideration. If the trader in our example uses a common leverage factor of 10:1, then he can stand to make a profit of 45%.Big outfits carry leverages of 100-300% Read more of this post

Falling Oil Prices


Falling oil prices are good news for oil refiners and companies using hydrocarbon based raw materials.

Falling crude oil prices help contain the import bill of countries like India. And a godsend when we are struggling with lower export earnings.

But there is the danger of salary cuts,layoffs and related problems in producer countries that might ultimately hit certain exports to these countries.

So which countries are likely to be the danger areas ?Take a look at the cost of production figures in various countries and check them against prevailing oil prices.

oil costs

Read more of this post

The Unexplained Trillion Dollars


wealthymatters12/January/2016

One Trillion Dollars’ Worth of Bonds Magically Turn into Cash

Hugo Salinas Price

Bloomberg is back and presents updated data on International Reserves held by Central Banks, excluding gold, as of Friday, January 8, 2016, after a hiatus on this information since December 11, 2015 (for reasons unexplained).

The data for Friday, January 8, 2016 are shocking, as expected: Total International Reserves held by Central Banks, excluding gold, expressed in US dollars, amount to $11.032 Trillion dollars as of that date.

The decrease in Reserves thus amounts to precisely $1 Trillion dollars, as of January 8, 2016. This gigantic fall, of 8.31% of the maximum amount of Reserves – $12.032 Trillion dollars recorded on August 1, 2014 – took place over the course of only 17 months, whereas the growth of Reserves to its maximum figure took some 70 years, roughly since the end of WW II.

The fall in International Reserves is a clear indicator of a world-wide economic slump, which will become a severe depression.

It would be much easier to stop the flow of water over Niagara Falls, than to halt the contraction in International Reserves.

World liquidation has set in. The Piper must be paid. Growth is gone. This will be story in this epic year 2016.

There is a One Trillion Dollar Question: What entity or entities have purchased – for cash – the $1 Trillion dollars worth of Government Bonds that the central banks of the world have sold off in the course of the past 17 months?

What discount on the value of the Bonds did the purchaser or purchasers of the Bonds apply? If there was no discount, why so?

$1 Trillion dollars’ worth of Government Bonds has disappeared from the books of the world’s central bankers, sold by them for cash. WHO DID THE BUYING? On what Balance Sheets do the acquired $1 Trillion dollars of Bonds now rest?

Are the parties to these gigantic transactions to remain unknown? And what happens to the world’s confidence in its financial system, when $1 Trillion dollars’ worth of Bonds, and counting, just magically turn into cash?

 

The Story Of The Day


wealthymatters

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