Big Picture: Bilanzsumme der führenden Zentralbanken knackt die Marke von 15 Billionen US-Dollar

Alleine seit Jahresanfang haben die Zentralbanken der westlichen Welt ihre Bilanzen um irrwitzige 1,5 Billionen US-Dollar erweitert..

Folgen der Niedrigzinsphase und Liquiditätsflut: Volumen der Unternehmensanleihen erreicht neues Rekordhoch

Very scary..

Quelle: BofA Merril Lynch

USA, Kapitalmarkt: Debt-to-EBITDA Ratios erklimmen neues Allzeithoch

Die fundamentalen Bewertungen im Leitindex S&P 500 werden immer luftiger. Im Zuge der gigantischen Liquiditätsflut der Notenbanken und dem Nullzins-Umfeld, steigen die Schulden im Verhältnis zu den Firmen-Gewinnen in den letzten Jahren massiv an. Erst vor kurzer Zeit erreicht das wichtige Debt-to-EBITDA Ratio ein neues Allzeithoch:

Quelle: Haver Analytics, Thomson Reuters, Barclays Research

Big Picture: Bilanzsumme der EZB erreicht neues Rekordhoch

Die expansive Geldpolitik in der Eurozone erreicht einen neuen Rekordwert..

Quelle: zerohedge.com

Quelle: zerohedge.com

Geldpolitik, Eurozone: Geldbasis erreicht neues Rekordhoch

Die monetäre Inflation setzt sich in der Eurozone mit einer rasenden Geschwindigkeit fort..

Quelle: reuters.com

FED-Bilanzsumme vs. Geldumlaufgeschwindigkeit

Die Geldumlaufgeschwindigkeit in den USA befindet sich weiterhin auf dem Sinkflug..

Quelle: reuters.com

Neues Interview mit Ronald Stöferle über Stagflation, Geldpolitik, Gold und Silber

Hörenswertes Interview:

USA: Staatsverschuldung überspringt Marke von 19 Billionen Dollar

Die USA können mal wieder ein neues Kapital in der Schulden-Manie aufschlagen. Vor kurzer Zeit betrugen die öffentlichen Schulden zum ersten Mal in der Geschichte mehr als 19 Billionen Dollar. Unter Obama wurden die den Schulden alleine um umglaubliche 8,4 Billionen USD erhöht..

Quelle: zerohedge.com

Enge Korrelation: Aktienindex S&P 500 vs. FED-Bilanz

Ab Ende von QE3 verlief die FED-Bilanz weitgehend flach und seitdem befindet sich der S&P 500 in einer Top-Bildung..

Quelle: zerohedge.com

Global Central Bank Balance Sheet Explosion (1995-2015) - The Trend is your Friend?!

Scary..

Quelle: davidstockmanscontracorner.com

Global monetary policy: More Cheap Money, More QE, More Central Bank Stimulus, More Liquidity, More Drugs

Global monetary policy is completely out of control.

To the point..

Quelle: Private Twitter Stream

Big Picture, Aktien-Markt, Notenbank-Blase: Was passiert ohne die FED-Drogen? QE4 nur eine Frage der Zeit?

Impressive Chart und ein sehr wichtiger Reminder für alle Börsianer - credit to JPM and ZH:

Quelle: https://www.jpmorgan.com

Big Picture: M2 Geldmenge USA

"Print or die.."

Quelle: FRED, research.stlouisfed.org

USA: Assets der Zentralbank FED betragen nun 25% des GDPs

Out of control - crazy..

Quelle: zerohedge.com

Quote:

What Happened The Last Time The Fed's Balance Sheet Hit 25% Of GDP

Link: http://www.zerohedge.com/news/2015-06-16/what-happened-last-time-feds-balance-sheet-hit-25-gdp

Wichtigste Zentralbanken der Welt : Aggregierte Bilanzsumme steigt um 11 Billionen USD seit 2007 an

And more to come..

Quelle: db.com

Wahres "Hard Asset": Gold in Rubel, Euro, Yen und kanadischem Dollar geht durch die Decke

Ein aktueller Beitrag hierzu von Zerohedge:

This Is What Gold Does In A Currency Crisis, Euro Edition

Submitted by Tyler Durden on 01/23/2015 08:09 -0500

• Central Banks
 
• European Central Bank
 
• Eurozone
 
• Flight to Safety

Submitted by John Rubino via Dollar Collapse blog,

Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically.

So after falling hard in 2013 and treading water for most of 2014, the euro price of gold has gone parabolic in the space of a couple of months. This sudden rather than gradual awakening is the standard pattern for a currency crisis, mainly because it takes a long time for most people to figure out their government is clueless and/or lying. But once they do figure it out, they act quickly..

Link: http://www.zerohedge.com/news/2015-01-23/what-gold-does-currency-crisis-euro-edition

Quelle: goldprice.org

Quelle: goldprice.org

Quelle: goldprice.org

Nach QE-Ankündung der EZB: Euro mit dem größten Tagesverlust seit 2011

Und die krasse Talfahrt geht weiter..

Quelle: zerohedge.com, bloomberg.com

Trotz Geldflut und Rekord-Schuldenmanie: Geldumlauf-Geschwindigkeit weiter rückläufig

Die prägnanten Langfrist-Charts der amerikanischen Geldumlauf-Geschwindigkeit anhand der Geldmenge 1 und 2 sprechen Bände. Die fallende Umlaufgeschwindigkeit spiegelt das große Misstrauen, sinkende Kreditausgabe und fallende Investitionen in der Finanzindustrie wider, welche weitere Deflationssignale senden:

Quelle: http://research.stlouisfed.org

Quelle: http://research.stlouisfed.org

FED, Amerikanische Leitindizes: QE4 Countdown hat begonnen..

Alles andere als überraschend:


The QE4 Countdown Has Begun

Submitted by Tyler Durden on 10/14/2014 14:21 -0400

Actually, it may well be QE5, or QE6 depending on how one counts Operation Twist and the extension of QE3, but what matters is that the countdown to whatever it is, has begun courtesy of none other than one of the Fed's biggest doves, the head of the Fed which spawned Janet Yellen, San Francisco Fed's John Williams

FED’S WILLIAMS SAYS QE MAY BE NEEDED IF ECONOMY FALTERS

More from Reuters:

The head of the San Francisco Federal Reserve Bank on Tuesday said he would be open to another of round asset purchases if inflation trends were to fall significantly short of the U.S. central bank's target.

Although he said it would take a big shift in the U.S. economic outlook for the Fed to restart its bond buying, John Williams said the possibility of a new downturn in Europe and other global economic woes pose a risk to the United States. "If we really get a sustained, disinflationary forecast ... then I think moving back to additional asset purchases in a situation like that should be something we should seriously consider," Williams said in an interview with Reuters. 

Rinse, repeat, for round number 4 (or 5, or 6), in the process completely destroying what little is left of the middle class and making the uber super rich uberer, superer richer. Because when all is said and done, the Fed will either get runaway inflation through money printing or hyperinflation through collapse of the US reserve currency. There is now no middle ground, further compounded because the Fed has sole control of the CTRL and P buttons.

Needless to say, Williams is right and more QE is just a matter of time before the data-dependent (dependent on the data describing the drop in the S&P that is) Fed realizes that this aggression against rigged markets can not stand. What's worse, this lunacy will continue until the US people finally go all "French revolution" on the Marriner Eccles building and give the locals the Marie Antoinette "haircut.."

Link: http://www.zerohedge.com/news/2014-10-14/qe4-countdown-has-begun

Quelle: http://www.godmode-trader.de/artikel/qe-exit-der-fed-crash-eine-beaengstigende-gesetzmaessigkeit,3918409

Quote:

Big Picture, US-Leitindizes: Das perfekte Set-up für einen Crash?

Die trügerische Ruhe bzw. fortlaufende "Heile-Welt-Hausse" in den US-Leitindizes könnte im Hinblick auf einige prägnante Indikatoren, Entwicklungen und Fakten imho das "perfekte Set-Up" für eine umfassende Korrektur inkl. einem möglichen Crash in den US-Leitmärkten in den nächsten Wochen/Monaten (in Q3/Q4) darstellen (vgl. auch bspw. den Crash im August 2011)..

Link: http://rohstoffaktien.blogspot.de/2014/07/big-picture-us-leitindizes-das-perfekte.html

Frank Giustra über Gold und Goldinvestments

Die jüngsten Kommentare vom legendären Frank Giustra:

Reasons Gold Neared $2,000 Still In Place - Frank Giustra

By Sarah Benali of Kitco News

Wednesday September 24, 2014 12:31 PM

New York City (Kitco News) - There is a reason to hold gold but patience is a virtue, said Frank Giustra, renowned resource investor and co-founder of the Clinton Giustra Enterprise Partnership.

"All the reasons why gold went to $2,000 in the first place are still there, and in spades," he said during an interview with Kitco News’ Daniela Cambone at the Clinton Global Initiative annual meeting on Tuesday.

Gold is currently stuck in a 'no one cares phase' but his views on the metal remain unchanged he said on the sidelines of the annual meeting in New York.

"Nothing has changed fundamentally to tell me in any way that one should divest of their gold position," he said. "I just think you have to have some gold in your portfolio because currencies are being devalued by money printing worldwide."

Frank Giustra, co-founder of the Clinton Giustra Enterprise Partnership and CEO of Fiore Financial talks with Kitco News during the 10th annual Clinton Global Initiative annual meeting, in New York City.

Looking ahead, Giustra, who is also the CEO of Fiore Financial, said that he does not expect to see a robust U.S. economy once the Federal Reserve ends its quantitative easing program. Last week, following the Federal Open Market Committee Meeting, Fed Chair Janet Yellen confirmed that central bank intends to end its monthly bond-purchase program in October.

"I think the accommodative policy that's been in place for a number of years now is going to have to continue in some fashion, and that's always good for gold," Giustra argued.

Catching the Canadian investor's attention these days are the gold mining stocks.

"For many years I liked physical [gold]," he said. "But now, what's happened in the last couple of years with this very severe bear market in the mining sector is that the gold stocks are becoming much more interesting," said Giustra who also serves as an advisor for Endeavour Mining. 

Giustra, remains optimistic for gold, ending off the interview with one clear message:

"I think we're in the middle of a very long-term bull market in gold […] the situation hasn't improved, in many cases it's gotten much worse, so there is a reason to hold your gold.."

Quote:

Rohstoff- und Minenaktien: Interview mit dem legendären Investor, Entrepreneur und Veteran Frank Giustra

Link: http://rohstoffaktien.blogspot.de/2014/09/rohstoff-und-minenaktien-interview-mit.html