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Outlook for 2017

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Full Article: Outlook for 2017

By: ALASDAIR MACLEOD

If interest rates must rise a tad, who cares? More important for equity-driven investors is the improved outlook for corporate profits from a combination of fiscal stimulation and a business-friendly administration.

If the recent performance of equity and bond markets is any guide, this view dominates investor thinking. Since the financial crisis eight years ago, the rise in equity markets had been driven by ZIRP and the expansion of credit aimed at financial assets. Now equities are on firmer ground, but this is a view that completely ignores the monetary flows upon which asset values depend. The reason asset values are at current levels is because there has been an excess of monetary inflation over that absorbed by the non-financial economy. Furthermore, demand from non-financials has been constrained by the continuing wealth-transfer effect of monetary inflation from ordinary people, benefitting the banks and the earlier recipients of the new credit created. This devaluation of earnings and savings is under-recorded by government inflation statistics, but the large majority of people in ordinary occupations outside financial centres have been progressively impoverished, relative to the minority benefiting from the inflation of financial assets prices. No wonder the economy stagnates.

Full Article: Outlook for 2017

By: ALASDAIR MACLEOD

Disclaimer

© 2010 Junior Gold Report

Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR).  No Guarantee as to Content:  Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

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Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

 

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