Black Monday

[fiasco]

It is ok, I had a prayer this morning, everything should be all right for a while.

Im starting to believe you're cryptic see weed!

[skid]

It is ok, I had a prayer this morning, everything should be all right for a while.

You forgot to include AIR.....maybe today

[skid]

no rate increase lol reckon they missed the boat this yr cant see a rate increase in dec esp if trump wins

Ive been reading a bit on that.The consensus is he would have far less influence than most think--Even some in his own party(rep.) are not with him on many things.(thank goodness for checks and balances)...(still scary though)

[Mush]

Looking like the Democrats are going to control the senate anyway. So agreed skid, he would have limited influence. However I believe his plans for a big debt fueled fiscal spend is exactly what their economy needs to stimulate some AD.

BOJ disappointed, whilst FED was inline with expectations. Still left a December hike very much on the table and noted there are "no new risks to economic outlook"

[BlackCross]

Lord Rothschild (who has plenty of skin in the game).

The six months under review have seen centralbankers continuing what is surely the greatestexperiment in monetary policy in the history of theworld. We are therefore in uncharted waters and it isimpossible to predict the unintended consequencesof very low interest rates, with some 30% of globalgovernment debt at negative yields, combined withquantitative easing on a massive scale. To date, atleast in stock market terms, the policy has beensuccessful with markets near their highs, whilevolatility on the whole has remained low. Nearly allclasses of investment have been boosted by therising monetary tide. Meanwhile, growth remainsanaemic, with weak demand and deflation in manyparts of the developed world.Many of the risks which I underlined in my 2015statement remain; indeed the geo-political situationhas deteriorated with the UK having voted to leavethe European Union, the presidential election in theUS in November is likely to be unusually fraught,while the situation in China remains opaque and theslowing down of economic growth will surely lead toproblems. Conflict in the Middle East continues and isunlikely to be resolved for many years. We havealready felt the consequences of this in France,Germany and the USA in terrorist attacks.In times like these, preservation of capital in realterms continues to be as important an objective asany in the management of your Company’s assets. Inrespect of your Company’s asset allocation, on quotedequities we have reduced our exposure from 55% to44%. Our Sterling exposure was significantly reducedover the period to 34%, and currently stands atapproximately 25%. We increased gold and preciousmetals to 8% by the end of June. We also increasedour allocation to absolute return and credit, whichdelivered positive returns over the period, benefitingfrom a number of special situations. Within thiscategory our new association with Eisler Capital hadan encouraging start. We expect this part of theportfolio to be an increasingly important contributor tooverall returns.On currencies, we reduced our exposure to Sterling inanticipation of Brexit and the generally unsettled UKpolitical environment. Our significant US Dollarposition has now been somewhat reduced as,following the Dollar’s rise, we saw interestingopportunities in other currencies as well as gold, thelatter reflecting our concerns about monetary policyand ever declining real yields.

http://www.ritcap.com/sites/default/...16%20FINAL.pdf

[janner]

" Lord Rothschild (who has plenty of skin in the game). "

He certainly has. However one must question such a poorly put together report.

[BlackCross]

" Lord Rothschild (who has plenty of skin in the game). "

He certainly has. However one must question such a poorly put together report.

If it's the joined together words (caused by cut'n paste) that bother you then you could just click on the link and read the original .pdf.

[BlackPeter]

Nothing new here ... times are always good or bad (depending on your point of view), risks are low or high (as they always are) and markets are going up (and less frequently down) and from time to time they do crash.

Doomsday prophets are like broken watches, just less reliable. They are normally wrong, but whenever the next crash happens to come by they have their moment ... and afterwards they need to stand through a long and boring uptrend.

[janner]

If it's the joined together words (caused by cut'n paste) that bother you then you could just click on the link and read the original .pdf.

Thanks.. it just did not gel :-)))

[Baa_Baa]

Nothing new here ... times are always good or bad (depending on your point of view), risks are low or high (as they always are) and markets are going up (and less frequently down) and from time to time they do crash.

Doomsday prophets are like broken watches, just less reliable. They are normally wrong, but whenever the next crash happens to come by they have their moment ... and afterwards they need to stand through a long and boring uptrend.

Are you referring to the Rothschild report that @BlackCross posted?