Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of April 25, 2016: China’s central bank guided the yuan higher at the sharpest pace since 2005.[…]
Dear PGM Capital Blog readers, On Thursday, March 10, 2016, the European Central Bank (ECB) during its monetary policy meeting took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 5 basis points to 0.00%, starting from the operation to be settled on March[…]
Dear PGM Capital Blog readers, In this weekend blog article, we want to discuss with you the Gold-to-Oil Ratio and the Gold-to-Silver ratio which currently are at an all-time-high might be predicting. GOLD-TO-OIL RATIO: On Friday, March 04, Gold closed on US$ US$ 1,259.10 an ounce and WTI crude at US$ 36.33 a barrel, which consequently brought[…]
Dear PGM Capital Blog readers, In this weekend blog article, we want to elaborate on the possibilities and consequences of negative interest rates. INTRODUCTION: Imagine a bank that pays negative interest. Depositors are actually charged to keep their money in an account. As crazy as it sounds, several of Europe’s central banks have cut key interest rates[…]
Dear PGM Capital Blog readers, In this weekend blog article, we want to elaborate on the fact that the Chinese Yuan, has moved closer in joining the prestigious IMF Special Drawing Rights currency basket. On Saturday November 14, the IMF staff and chief Christine Lagarde, officially green lighted the acceptance of China’s currency – the Renminbi or[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of October 12, 2015: Anheuser-Bush Inbev agrees to buy SabMiller for 68 billion British Pound Walmart warns that strong US-Dollar[…]
Dear PGM Capital Blog readers, Investors around the world have been closely watching the USA Central bank’s (The FED) decision on short-term rates, which have been near zero since the financial crisis in a bid to stoke growth and borrowing. That stance has helped propel a six-year-long bull market in stocks and bonds. After keeping the markets[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of September 7, 2015: Brazil downgraded to Junk rating by Standard & Poor’s. Huge outflow of gold held for[…]
Dear PGM Capital Blog readers, In this weekend blog edition, we want to elaborate on the current correction cycle, that has all the potential of becoming a bear market, which might lead to a global recession or even depression. DEFINITION OF A CORRECTION: A correction is a decline or downward movement of a stock, or a[…]
Dear PGM Capital Blog readers, In this weekend blog edition, we want to elaborate on the biggest sell-off on Wall Street since November 2011. DOW-JONES INDEX: The USA blue chip Index, the DOW-Jones Industrial, declined from 17,545.18 points on the close of Monday August 17, to close at 16,459.75 points on Friday, August 21st, a decline of 1,085.43 points[…]