Central Perk

marți, 27 mai 2014

Mish's Global Economic Trend Analysis

Interview With James Rickards, Author of "The Death of Money"
Wine Country Conference II Videos: Introduction and Hussman on "A Very Mean Reversion"
Bank of Japan Seeks to End Stimulus, Currency Market in Disbelief

Interview With James Rickards, Author of "The Death of Money"

Posted: 27 May 2014 02:25 PM PDT

Inquiring minds may be interested in a Reason TV Interview with James Rickards, author of The Death of Money and also author of a New York Times best seller Currency Wars.

Reason Managing Editor Katherine Mangu-Ward sat down with Rickards to discuss the future of money and a return to the financial stability of the gold standard in an event co-hosted by the Charles Koch Institute.

Rickards predicts the crash of the global currency market, stating says "We're waiting for the catalyst that will cause this catastrophe to come tumbling down."

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Wine Country Conference II Videos: Introduction and Hussman on "A Very Mean Reversion"

Posted: 27 May 2014 11:11 AM PDT

Wine Country Conference II Videos are now available. We will release videos over the course of the next week or so.

This Year's Charity

As with last year, Wine Country Conference II was for charity. This year's cause was Autism. Many of the speakers donated all or part of their expense honorarium to the cause. I did as well, losing money, to put this event on.

Once again, John Hussman and the Hussman Foundation was amazingly generous. The foundation will match donations dollar for dollar, up to $50,000!

If you enjoy the videos (or even if you don't) please Make a Donation to the Autism Society.

Introduction

John Hussman- "A Very Mean Reversion" + Autism Discussion

John Hussman Q&A with Mebane Faber

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Bank of Japan Seeks to End Stimulus, Currency Market in Disbelief

Posted: 27 May 2014 09:58 AM PDT

The bond markets and currency markets are out of sync with equity markets and widely-touted economic projections that things are getting better.

Yesterday I commented US Economy Poised to Accelerate? Bond Market in Disbelief

Today the spotlight is on Japan.

Bank of Japan Confident

Reuters reports Bank of Japan, more confident about recovery, quietly eyes stimulus exit.

The Bank of Japan has begun shifting its focus from supporting growth to ways of phasing out its massive stimulus, taking first tentative steps towards a potentially momentous move for the world economy.

Current and former central bankers familiar with internal discussions say an informal debate is under way on how to prepare for an exit from the BOJ's 13-month-old "quantitative and qualitative monetary easing."

The stimulus is a centerpiece of Prime Minister Shinzo Abe's campaign to end two decades of deflation and fitful growth, and BOJ Governor Haruhiko Kuroda has vowed to keep cheap cash flowing until his 2 percent inflation target is in plain sight.

But with inflation now past the half-way mark and signs that the economy has weathered last month's sales tax increase, Japanese central bankers are already thinking about the next chapter.

Whereas weeks or months ago that debate would center on the potential need for more easing, now there is a strong sense within the BOJ board that the stimulus so far has worked well and the next step, albeit distant, could be policy tightening, not further easing.

Deputy Governor Kikuo Iwata underscored that shift, reminding markets that the 2 percent inflation goal worked both ways.

Yen vs. US Dollar Weekly

If the Japanese economy was poised to strengthen, the Yen should rally along with yields on Japanese bonds. Neither is happening.

Why not?

I believe the currency and bond markets have the situation correct and the economic consensus about future growth is wrong.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Damn Cool Pics

Hot Girls Spotted in the 2010 World Cup Stands
This Woman Gets Owned By A Bull
Kickstarter Projects You Totally Need To Fund
Awesome Invention For Hiding Valuables On The Beach

Hot Girls Spotted in the 2010 World Cup Stands

Posted: 27 May 2014 12:11 PM PDT

The World Cup is just about to get started so we figured we would look back on hot girls in the stands from years passed. Obviously you can see that 2010 was an epic year for hotness.

This Woman Gets Owned By A Bull

Posted: 27 May 2014 09:54 AM PDT

Seriously though, this bull isn't messing around.

Kickstarter Projects You Totally Need To Fund

Posted: 27 May 2014 09:29 AM PDT

All of these inventions are amazing. Why didn't someone think of them sooner and more importantly, now that someone has thought of them, why aren't we funding them?

Awesome Invention For Hiding Valuables On The Beach

Posted: 27 May 2014 08:58 AM PDT

Do you ever get worried that someone is going to sneak up and steal your stuff while you're lounging on the beach? Thanks to this amazing invention you can relax because no one will steal your stuff if they can't find it.