Highlights in the week of August 10, 2015

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[…]

Highlights in the Week of August 3, 2015

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.[…]

HighLights in the Week of July 20, 2015

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 July 20, 2015: Bad start of earnings season Q2-2015 DOW Jones Down YTD Gold falls below US$ 1,100.00[…]

After Six months of Eyeball to Eyeball, Greece blinked

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”[…]

The Greece referendum of July 5 2015

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[…]

Time is Running Out for Greece

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[…]

Highlights of the week of June 1st 2015

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[…]

Highlights in the week of May 25, 2015

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[…]

Highlights in the week of May 4, 2015

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[…]

Russian Central Bank bought 1 million Ounces of Gold in March

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[…]