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 20, 2015: Russian Central Bank bought one million ounces of Gold in August. Caterpillar announced restructuring plans.[…]
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[…]
Dear PGM Capital Blog readers, In this weekend blog edition, we want to elaborate on the following financial news out of China, that has impacted the Global Financial Markets last week: China has devalued its Yuan with approx. 3 percent against the US-Dollar. China has slashed approx. 180 billion US-Dollars in US-Treasuries securities. CHINA HAS DEVALUED ITS[…]
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 August 3, 2015: DOW-Jones Industrial 7-day losing streak. Americans not in labor force rise to record 93.8 million.[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss with you the debt situation of our neighbour island Puerto Rico. Puerto Rico, an American territory, risks a Greek-style bust. With US$72 billion of debt outstanding, which accordance with CIA world Factbook. is 93% of its GDP. It is more indebted than any of[…]
Dear PGM Capital Blog readers, After six months of chaos, and Eyeball to Eyeball negotiation between Greece and its Creditors, it looks like Greece has blinked in a showdown with European leaders over its financial crash. Before analyzing the events of last week, after the July 5th, referendum, where 61% of the Greeks voted “NO” or “OXI”[…]
Dear PGM Capital Blog readers, In the early morning of Saturday, June 27, 2015, the July 5, 2015, referendum was announced by Greece Prime Minister Alexis Tsipras and ratified the following day by the Greece Parliament and President. Voters will be asked whether they approve of the proposal made to Greece by the EU, the IMF and the[…]
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 May 25, 2015: USA GDP shrank 0.7 percent in first quarter of this year. Brazil Economy contracted with[…]