Dovish Mario Draghi signals ECB willing to act on more QE
It is hard to imagine how European Central Bank President Mario Draghi could have delivered a more dovish performance at his news conference Thursday, short of announcing an immediate boost to the size of the ECB’s bond-buying program.
In a birthday performance, the central banker, who turned 68 Thursday, used his news conference to signal that the door to further quantitative easing is wide open as policy makers assess downside risks to the eurozone’s economic picture. The prospect of inflation returning to the ECB’s target of near but just below 2% also appears ever more distant.
"our economy should do fine"
Fed won’t raise rates if August jobs gains below 200,000: Moody’s Zandi
The Federal Reserve won’t raise interest rates at its September meeting if the August job gains come in below 200,000, said Mark Zandi, chief economist at Moody’s Analytics.
“If it gets below [200,000] it gets awfully hard to do that, particularly in the context of all this volatility in financial markets,” Zandi said in a television interview.
Zandi said he expects job gains to come in “south” of 200,000 — closer to 160,000-165,000, at least in the initial print. August payrolls historically have tended to be understated in the initial estimate in recent years, only to be revised higher in subsequent months, he said.
One should surmise if volume is much less (as you are predicting) on the TSX or OTC than the company's buybacks would dominate volume, having greater effect of the PPS.
Lol! Not looking good for perma shorts!
Aug 31/15 New Pacific Metals Corp. - Acquisition in the public market 68,500 $0.870
Aug 31/15 New Pacific Metals Corp. - Acquisition in the public market 5,500 $0.875
Aug 31/15 New Pacific Metals Corp. - Acquisition in the public market 71,500 $0.880
Aug 31/15 New Pacific Metals Corp. - Acquisition in the public market 76,500 $0.890
Aug 28/15 New Pacific Metals Corp. - Acquisition in the public market 55,500 $0.890
Aug 28/15 New Pacific Metals Corp. - Acquisition in the public market 17,500 $0.880 -
Sentiment: Strong Buy
"I would also venture to say I was probably one of the top 2 or 3 holders of this investment."
How do you come to this conclusion? Curious.
Typically central banks don't hike into a slowdown (although Europe once did and was a disaster) so you are not going to get a hike in the current economic backdrop. Fact is that higher GDP and inflation from last year was not sustainable.
I bet we are going to see the ECB step up QE along with Japan and China to try to fight global deflation. It does not matter if people think it will not be successful, Central Banks will compete with one another to devalue currency. Feds will hold of the hike possibly into summer 2016 or QE4 if they feel they can not reach their mandates of stable employment ans 2% inflation.
Where's the inflation to justify a rate hike?
Why does the Federal Reserve aim for 2 percent inflation over time?
The Federal Open Market Committee (FOMC) judges that inflation at the rate of 2 percent (as measured by the annual change in the price index for personal consumption expenditures, or PCE) is most consistent over the longer run with the Federal Reserve's mandate for price stability and maximum employment. Over time, a higher inflation rate would reduce the public's ability to make accurate longer-term economic and financial decisions. On the other hand, a lower inflation rate would be associated with an elevated probability of falling into deflation, which means prices and perhaps wages, on average, are falling--a phenomenon associated with very weak economic conditions. Having at least a small level of inflation makes it less likely that the economy will experience harmful deflation if economic conditions weaken. The FOMC implements monetary policy to help maintain an inflation rate of 2 percent over the medium term.
The shut down Mt. Pass takes out potential 40Ktpa supply that would have competed with Lynas. Lynas is the only one standing as a supplier outside China.
Amazing turn of events recently, now just need REO prices to recover with stable production.
Bro....I quoted alf_1986e. I do not think this will go below $10. This is alf's prediction not mine.
You are right in fact discount to BV's of the components of MORL give's support, however in this recent market sell off, irrational behavior can make a 2X levered ETN behave wildly as seen in Monday's mini crash, MORL got down to $12.75 for a few seconds. A great buying opportunity it was!
Sentiment: Strong Buy
Molycorp it will transition its rare earth facility in Mountain Pass, Calif., to a "care and maintenance" mode while it plans to continue serving rare earth oxide customers through its production facilities in Estonia and China.Rare earth pricing, which has declined dramatically over the past four years, was a key factor in the decision to suspend rare earth production at Mountain Pass, according to company officials.
I have no concern about the markets. The markets are offering beautiful opportunities in this sell off, the lower it goes the greater the rally will be! The sell off is merely a reaction to the Fed's horrible miscommunication about the rate hike.
I would like to see Oil in the 20's and the market down another 10% personally.
"Cramer says Fed will raise rates in September"
Think readers of your posts have caught on to your lies. Cramer does say people like Bullard will come out to say raise rates now, then you twist those words into Cramer saying this.
Well, since you replied so quickly you must following my own keystrokes just close, equally flattered!!
Yahoo never deleted any your posts to details of the buyback because mine would of been deleted too, ya think?
UPDATE: asianvest deleted the first post showing buybacks that occurred on 8/24. (now why go do that?)
Aug 24/15 - Acquisition in the public market 120,000 $0.691 USD
Aug 24/15 - Acquisition in the public market 56,000 $0.918
Wouldn't surprise me. I think other central banks make their moves long before QE4. See the Euro up almost 5% to 1.16 last five days. Watch Draghi come to the rescue and step up the Euro printing presses.
A little research could go a long way for you. Oil in massive oversupply, how do you figure a rate hike fixes that?
CNBC's Jim Cramer: Yellen Should Call Off Fed Rate Hike
Friday, 21 Aug 2015
CNBC's Jim Cramer urged Federal Reserve Chairman Janet Yellen to calm investors as US stocks plunged Friday.
He said this is the time for American leadership to provide clear guidance and soothe rattled nerves.
"I don't hear anything from [Fed chair Janet] Yellen about how it's not the time to raise rates," he said on CNBC. "If she came out today and said everything is on hold until we get this China situation [sorted out], you would see a rally."
retired765: Positioned wrong and angry. Too bad! Perhaps a better study on global economics would have helped you instead of listening to talking heads in financial media.