Tuesday, November 08, 2016

Yra Harris On How The Elections
Will Affect Markets
"The greatest probable outcome it appears will be for a Clinton victory but the size of the Clinton popular vote will determine the outcome of the Senate while the House will remain Republican. This outcome will probably be most friendly to an equity market rally but I think the dollar and bond market will struggle to find a rally. A Clinton victory will set the stage for a messy period of factional politics in Washington as the FBI investigation will keep the cloud of uncertainty hovering over the Capitol. That’s hardly bullish for global sentiment about the DOLLAR and U.S. assets. The greatest asset of the U.S. dollar is the growing uncertainty of global politics as after the U.S. elections the focus moves to the Italian referendum on December 4, the FOMC meeting later in the month and then onto the concern about French and German domestic politics."
- Yra Harris
LINK HERE to the commentary

1 comment:

Anonymous said...


A Reversal in the Trend of International Reserves
Hugo Salinas Price

d) A further cause of a decrease in International Reserves might be found in purchases of gold on the part of the RC and ROW, paid with RC fiat money reserves. This would mean that some Central Banks may have decided to hold gold as a reserve, in precautionary addition to their RC fiat money reserves. Curiously enough, gold is not officially considered as a "Reserve Currency". Such Central Bank purchases of gold are perceived as disloyalty to the RC reserve currency system, and so such moves are kept secret.

So the question today is: "What's happening to international reserves in Central Banks?"

International Reserves peaked on August 1, 2014, at $12.032 Trillion dollars, and as of October 28, 2016 they stood at $11.066 Trillion dollars.