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’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 with you the Time Line of Greece Debt Crisis since they have deferred the IMF payment due on June 4th, to next Tuesday June 30th. THE IMF PULLED OUT OF TALKS ON JUNE 11: The crisis intensified when, the International Monetary Fund (IMF) dramatically pulled[…]
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 June 1, 2015: IMF urged the FED to wait until 2016 to raise rates Greece defers payment to[…]
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[…]
Dear PGM Capital Blog readers, In this weekend blog article we want to discuss with you the investment strategies of some world class investment gurus that might indicate that they are preparing themselves for a coming hyperinflation cycle. DEFINITION INVESTMENT GURU: An Investing Guru is someone who is considered an experts in their professional field of trade[…]
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 4, 2015: China overtook USA as world biggest Economy. Q1-2015 earnings report of Archer Daniels Midland Company[…]
Dear PGM Capital Blog readers, On Monday, April 20, the Central Bank of the Russian Federation (CBR) published its official reserve assets report that indicated, that the country has added 30.5 tonnes of gold (981,500 troy ounces) to its reserves in March 2015. The massive purchase is the largest since September last year and is valued at[…]