Thursday, August 11, 2016

Dr. Marc Faber* Believes 
Markets Are Heading
To A "Gut Wrenching Drop"
On India media, Faber says stock markets worldwide are poised to witness a crash that would send shivers down the spine of investors, including those in "overbought" markets such as the U.S. & India .. "I think we can easily give back five years of capital gains, which would take the market down to around 1,100 .. The fact is, the market hasn't really been driven by genuine buying, but by stock buybacks, takeovers and acquisitions, and market leadership has been narrowing. It's not that many stocks that have been making new highs. It's quite a narrow growth of stocks that have been very strong."
link here to the article

1 comment:

Anonymous said...

German cooperative sets -0.4% rate on funds over EU100,000
Move comes two weeks after ECB says no risk of cash hoarding

When the European Central Bank introduced a negative interest rate on lenders’ deposits two years ago, few thought things would ever go this far.

This week, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee -- population 5,767 -- said it’ll start charging retail customers to hold their cash. From September, for savings in excess of 100,000 euros ($111,710), the community’s Raiffeisen bank will take back 0.4 percent. That’s a direct pass through of the current level of the ECB’s negative deposit rate.

“With our business clients there’s been a negative rate for quite some time, so why should it be any different for private individuals with big balances?,” Josef Paul, a board member of the bank, said by phone on Thursday. “As it looks today, charges on deposits won’t be extended to customers with lower amounts” than 100,000 euros, he said.