KTFA:
Mountainman: LOL.......??? HOW do You say, "SYNCHRONIZATION".....IN FRENCH???.....LOL.....IMO (8)
BACKDOC: URGENCY SEEMS TO BE THE KEY WORD DOESN'T IT? WE SEE IT IN IRAQ, IRAN, CHINA, GREECE, CATALONIA IN SPAIN, GERMANY,AND UK! MMMMM
AS WE SAW EARLIER THE G20 WERE GIVEN HOMEWORK TO CREATE A STIMULUS PLAN FOR THEIR COUNTRIES! THEY WENT ON TO SAY THAT THEY ARE ESSENTIALLY LEADERLESS! MMMMM
WELL IT APPEARS THE 50 POLICY MAKERS WILL BE THE LEADERS AND MAKE THE TOUGH DECISIONS THAT THE COUNTRIES WILL FOLLOW! DOC IMO
Thunderhawk: Backdoc Alert
IMF's Lagarde sees renewed sense of urgency to act collectively
....
Mountainman: LOL.......??? HOW do You say, "SYNCHRONIZATION".....IN FRENCH???.....LOL.....IMO (8)
BACKDOC: URGENCY SEEMS TO BE THE KEY WORD DOESN'T IT? WE SEE IT IN IRAQ, IRAN, CHINA, GREECE, CATALONIA IN SPAIN, GERMANY,AND UK! MMMMM
AS WE SAW EARLIER THE G20 WERE GIVEN HOMEWORK TO CREATE A STIMULUS PLAN FOR THEIR COUNTRIES! THEY WENT ON TO SAY THAT THEY ARE ESSENTIALLY LEADERLESS! MMMMM
WELL IT APPEARS THE 50 POLICY MAKERS WILL BE THE LEADERS AND MAKE THE TOUGH DECISIONS THAT THE COUNTRIES WILL FOLLOW! DOC IMO
Thunderhawk: Backdoc Alert
IMF's Lagarde sees renewed sense of urgency to act collectively
....
IMF Managing Director Christine Lagarde warned that without collective action by global policymakers, the global economy could derail, but added that she sees a renewed sense of urgency to act in concert.
She was speaking at a news conference at the conclusion of the G20 meeting of finance ministers and central bank governors in Shanghai Saturday.
http://ift.tt/1VGRdOJ ... SKCN0W00FT
************
BACKDOC: IT SEEMS LIKE A VOICE OF REALITY WHEN YOU HEAR HOW BAD THINGS ARE ALL AROUND THE WORLD!
CENTRAL BANKERS SEEM TO HAVE EXHAUSTED THEIR TOOL CHEST OF FINANCIAL ENGINEERING! THINGS MAY GET DICEY AS WE APPROACH LIFT OFF WITH THE GCR! DOC IMO
Mountainman: Well You can't "FAULT" him for "TELLING IT LIKE IT IS"........he Just hasn't Spoken on the NEW REALITY......YET.....IMO
Thunderhawk: Backdoc Alert
We're in recession and it's getting worse: Ron Paul
Ron Paul wants to deliver a message to the market that he claims the Federal Reserve refuses to do itself.
The former U.S. Republican congressman said this week that the Fed has been propping up markets, and the U.S. economy has already entered a recession despite what central bankers might say.
"They're paid to spin it in a positive manner," the libertarian firebrand told CNBC's "Futures Now" in an interview.
He added: "You can't expect them to say anything else."
Read MoreWall Street cutting back growth outlook
Trader on the floor of the New York Stock Exchange.
Recession sign is in play and has 81% accuracy
A trader works on the floor of the New York Stock Exchange.
Citi: Risk of global recession rising
›
Paul's warning comes as a growing number on Wall Street have turned pessimistic on the economy. This week, Citigroup analysts cautioned in a note that the risk of the global economy sinking into a full-fledged recession is on the rise, amid a "tightening in financial conditions everywhere."
Dragging down the economy is a massive load of personal and sovereign debt, Paul said. A 2015 analysis by the McKinsey Global Institute said that global debt had grown by $57 trillion in the last several years, while no major economy has successfully de-leveraged since 2007.
According to Paul, the Fed has played a large role in that accumulation of debt by implementing artificially low interest rates for years. This has pushed individuals and companies to spend beyond their means, he added.
"When things get out of kilter from artificially low interest rates...the only correction is the liquidation of the debt, but that is not permissible," Paul said. Now, Paul warned that the government may be losing control of markets, which will lead to more volatility in stocks.
"Everything is designed to keep the stock market alive. At the same time, the employment numbers when you look at them closely aren't all that great," he said.
In January, the U.S. economy added 151,000 jobs, missing economist expectations and falling well short from the previous month. From here, Paul said growth will continue to deteriorate.
"I think that the conditions will get a lot worse," he said. "The slope is going to be down, for economic growth and prosperity."
http://ift.tt/1oJ8JXJ ... -paul.html
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BACKCOC: INTERESTING WE KEEP HEARING OF SERIOUS RISKS TO WORLD ECONOMIES! EVER WONDER WHAT THOSE RISKS ARE? MMMM
MAYBE THE RACE TO THE BOTTOM WILL BE QUICKER THAN WE THINK! DOC IMO
Thunderhawk: Backdoc Alert
UK's Osborne says G20 officials unanimous on Brexit risk to world economy
British finance minister George Osborne said on Saturday that top finance officials from the Group of 20 nations were unanimous that a possible British exit from the European Union would be a shock to the global economy.
"Here at the G20, finance leaders and central bank governors of the world's biggest economies have raised serious concerns about the risks posed by a UK exit from the EU," Osborne said in a statement from Shanghai.
"They have concluded unanimously today that what they call the shock of a potential UK vote to leave is among the biggest economic dangers this year."
http://ift.tt/1VGRdOJ ... SKCN0W00DV
************
BACKDOC: WITH CENTRAL BANKS SEEMINGLY OUT OF BULLETS TO MANAGE THEIR ECONOMIES WE SEE THEM BECOMING DESPERATE TO GET COMPETITIVE ADVANTAGE AND THEIR ONLY BIG GUN THEY CAN SHOOT IS THEIR CURRENCY VALUE! IT SEEMS WE HAVE A RACE TO THE BOTTOM! PRINT, PRINT, PRINT.
Mountainman: In Other WORDS....."LET"S MAKE SURE WE ARE ALL ON THE SAME PAGE"......YOU "KNOW".....LIKE A CAREFULLY PLANNED DEMOLITION/IMPLOSION.......SET FOR A NEW GLOBAL REFORMATION OF OUR ECONOMIES.....RIGHT....EVERYBODY???......IMO....Hmmmm
Thunderhawk: Backdoc Alert
G20 to tell each other in advance about moves that could devalue currencies
Financial leaders of the world's 20 biggest economies agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Saturday.
The move is an addition to the traditional declaration in G20 communiques that countries will refrain from competitive devaluations, Dijsselbloem said after a meeting of G20 finance ministers and central bankers in Shanghai.
"If policy decisions lead to devaluation, we should inform and consult in advance between the different countries," he told reporters.
The decision was prompted by concerns among some of G20 financial leaders about the possibility of competitive devaluations in Japan or China, he said.
"Everyone was quite firm that we mustn't go down that road, refrain from that completely," Dijsselbloem said.
"There were some concerns that we would get into a situation of competitive devaluations and once a country starts, the risk is very large that the next country will follow."
He said in cases where devaluation is a consequence of monetary policy "motivated by real macroeconomic domestic reasons", then members must make sure to inform each other in advance to avoid surprises.
Dijsselbloem said information exchanges would take place "in the G20 context" and through the International Monetary Fund when "useful".
"The key thing is that we want to make sure that there are no surprises. This is an extra commitment between the G20 countries that they will refrain from competitive devaluations," he said.
http://ift.tt/1VGRdOJ ... SKCN0W00A0
************
Mountainman: HOW do You "SING".....KUMBAYA.......In 190+ GLOBAL LANGUAGES......LOL......BYE.....OLD REALITY......WELCOME the "NEW ONE" IN.........SOON....IMO
BACKDOC: AHHH COME ON JACK, JACK, JACK!
ALL THEY WANT TO DO JUMP OVER THE CANDLESTICK, AND BY THE WAY THEY WANT TO TAKE ALL THE GOLD YOU HAVE JACK, SO BE CAREFUL! HEE HEE DOC IMO
Thunderhawk: Backdoc Alert
The world should stop relying on U.S. consumers: U.S. Treasury chief Lew
U.S. Treasury Secretary Jack Lew called on G20 members on Saturday to redouble their efforts to boost global demand instead of relying on the American consumer to drive growth.
Lew, speaking at a press conference at the end of the G20 finance ministers conference in Shanghai, also said the dollar's strength was a function of a strong economy, and that the meeting had underscored that U.S. growth remained a bright spot in the global economy.
Separately, Lew called on China to remain communicative regarding its plans and to communicate more in public as opposed to behind closed doors, and that Beijing could carry out its economic transition in an orderly way.
He added that he believed China had the necessary policy tools to bolster domestic demand in support of that transition.
Lew also said it was in the national and economic interest of Britain and of Europe for Britain to remain in the European Union.
http://ift.tt/1VGRdOJ ... SKCN0W00F4
************
Mountainman: So In Other WORDS......We Are At OUR WITS END........"STRUCTURAL REFORMS"......You Mean THE "NEW ONES".....I Thought so......So "HANG TOUGH" Everyone......Because ...."IT'S ABOUT TIME/ING.......IMO
Thunderhawk: Backdoc Alert
G20 to say world needs to look beyond ultra-easy policy for growth
The world's top economies declared on Saturday that they need to look beyond ultra-low interest rates and printing money to shake the global economy out of its torpor, while renewing their focus on structural reform to spark activity.
A communique from the Group of 20 (G20) finance ministers and central bankers flagged a series of risks to world growth, including volatile capital flows, a sharp fall in commodity prices and the potential "shock" of a British exit from the EU.
"The global recovery continues, but it remains uneven and falls short of our ambition for strong, sustainable and balanced growth," said the communique, issued at the end of a two-day meeting in Shanghai.
"Monetary policies will continue to support economic activity and ensure price stability ... but monetary policy alone cannot lead to balanced growth."
Faltering growth and market turbulence have exacerbated policy frictions between major economies in recent months, and the statement also noted concerns over escalating geopolitical tensions and Europe's refugee crisis.
The reference to "Brexit" had not been included in earlier versions of the text, according a senior official who had seen various drafts, but was added after British officials pressed for it. Britons will vote in June 23 referendum on whether to remain in the European Union.
"Our view is that it's in the national security and economic security of the United Kingdom, of Europe and of the United States for the United Kingdom to stay in the European Union," U.S. Treasury Secretary Jack Lew said after the meeting..........MM,,,,It's "WHAT" "THEY" Don't Tell You that "MATTERS.........IMO
VOLATILITY VS FUNDAMENTALS
The G20 ministers agreed to use "all policy tools – monetary, fiscal and structural – individually and collectively" to reach the group's economic goals.
Christine Lagarde, managing director of the International Monetary Fund, said she sensed renewed urgency among the group's members for collective action, warning that without it there was a risk that the recovery could derail.
But there was no plan for specific coordinated stimulus spending to spark activity, as some investors had been hoping after markets nosedived at the start of 2016. Over the course of the two-day meeting in Shanghai comments by policymakers made clear the divergence of views on the way forward.
Finance chiefs had agreed that "the magnitude of recent market volatility has not reflected the underlying fundamentals of the global economy", the communique draft said.
To pep up the global economy, faster progress on structural reforms "should bolster potential growth in the medium term and make our economies more innovative, flexible and resilient", it said.
"We are committed to further enhancing the structural reform agenda," it added.
Divisions have emerged among major economies over the reliance on debt to drive growth and the use of negative interest rates by some central banks, such as in Japan.
Germany had made it clear it was not keen on new stimulus, with Finance Minister Wolfgang Schaeuble saying on Friday the debt-financed growth model had reached its limits.
"It is even causing new problems, raising debt, causing bubbles and excessive risk taking, zombifying the economy," he said.
The G20, which spans major industrialized economies such as the United States and Japan to the emerging giants of China and Brazil and smaller economies such as Indonesia and Turkey, reiterated in the communique a commitment to refrain from targeting exchange rates for competitive purposes, including through devaluations.
They pledged to "consult closely" on foreign exchange markets.
CURRENCY CONCERNS
Jeroen Dijsselbloem, chairman of euro zone finance ministers, said G20 members had agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies.
G20 host China used the meeting to try to allay concerns about the world's second-biggest economy, and Beijing's ability to manage it, that have grown since a market rout and a surprise devaluation last August.
"Monetary policy will probably have to be kept appropriately loose, even though people have realized that its role cannot replace fiscal policy," said China's Finance Minister Lou Jiwei.
Chinese policymakers reiterated pledges not to devalue the yuan CNY=CFXS again, and Premier Li Keqiang told the G20 opening session on Friday there was no basis for continued depreciation of the yuan.
But there appeared to be concerns that some members may seek a quick fix to domestic woes through a weaker currency.
Japan implemented negative interest rates this month to spur growth, and Bank of Japan governor Haruhiko Kuroda said he had "fully gained (their) understanding" from G20 ministers about the BOJ's thinking with regard to negative rates as a tool for escaping the deflation that has dogged its economy for years.
Japanese Finance Minister Taro Aso said he had urged China to carry out currency reform and map out a mid-term structural reform plan with a time frame.
"Chinese authorities need to present a mid-term structural reform plan with concrete schedule and a package of measures to stabilize yuan, based on recognition that communication between Chinese authorities and markets has caused market volatility and capital outflows," he told reporters.
http://ift.tt/1VGRdOJ ... SKCN0W004T
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Mountainman: http://HEY.....GUYS/ENGLAND/CITIZENS.......It's Called "CONSENT"......We "ALREADY" Decided but their is LESS CHAOS when a VOTE says "YES".....So take the "HINTS"....it's GOOD for US.....I Mean You Guys/BRITS.....Ok.....LOL.......IMO
BACKDOC: LAST WEDNESDAY THE POUND GOT POUNDED TO ITS LOWEST LEVEL IN 7 YEARS! OUCH!
TO BREXIT OR NOT TO BREXIT, THAT IS THE QUESTION! HEE HEE THIS GUY IS HAVING A BAD HAIR DAY JUST LIKE THE POUND DID LAST WEEK!
HE MAY LOSE MORE OF IT IF THEY BREXIT, IN FACT WE ALL MIGHT AND I CAN'T AFFORD TO GO THERE!! HEE HEE I'M ALREADY ON ROGAIN IF I LOOSE ANY MORE THERE WILL BE NO GAIN!
DOC IMO
Thunderhawk: Backdoc Alert
London Mayor Says Britain Would Have Bright Future Outside EU
London Mayor Boris Johnson said the U.K. would have a “great future” if it votes to leave the 28-member European Union in a referendum planned for this June.
“This is a once-in-a-lifetime thing,” Johnson told The Times newspaper in an interview. “It is not going to come round again. If we don’t do it now this thing is just going to grind on and become less and less democratic and more and more burdensome.”
Prime Minister David Cameron has called the in-out referendum on June 23 after securing a deal with fellow EU leaders including curbs on welfare for non-British EU citizens, measures to block unwanted regulation and U.K. exemption from the EU goal of “ever closer union.” Since then, the campaigning on both sides of the debate has heated up, with Cameron’s friend and fellow Conservative, Johnson, calling for a U.K. exit to save the country money and gain more control over its own lawmaking.
“The advantage of a ‘no’ vote is that it would jolt the whole system in Europe,” Johnson said of a decision in favor of leaving the EU, according to the report in the London-based Times. “For their own sake, they need to look at the way they are doing things.”
Johnson said the risk with staying inside the EU is that it’s an “anti-democratic” structure that is holding back British industries and their ability to compete with international firms.
http://ift.tt/1tXUPTd ... outside-eu
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BACKDOC: THE LAST TIME WE HAD A GLOBAL CRISIS WE HAD THE ABILITY TO USE MONETARY AND FISCAL TOOLS BUT THOSE HAVE ALREADY BEEN USED! ARE WE READY NOW FOR A FIAT CURRENCY COLLAPSE! MMMMM
Mountainman: YES....And WHY???? ALL the G-20 MEETINGS???......and WHY???...Are the GLOBAL MARKETS REPRICING/SELLING OFF......ANSWER= "THE NEW GLOBAL REALITY"....W/NEW INDEPENDENT VALUES for Your (COUNTRIES)..... RESOURCES/GDP.....and LEADERSHIP is ALREADY "POSITIONED" to ADDRESS any FUTURE "REDRESS".......IMO ....Do You "SEE" the "MIND GAMES"...."THEY" PLAY.......Reminds Me of A "USED CAR SALESMAN"......The Bad Ones.....!!!!!!!!.....LOL
Thunderhawk: Backdoc Alert
Currency wars coming in leaderless world: Citi's Buiter
The global economy is bound to remain leaderless, as G-20 countries meeting in Shanghai on Friday are unlikely to produce anything more than a rhetorical statement, Citigroup's chief economist Willem Buiter said.
Buiter said Friday the global economy truly needs an agreement on exchange rates that will be defended through intervention, as well as expansion of supportive monetary policy, fiscal stimulus modulated according to countries' needs, and "supply side reforms that sustain animal spirits in the corporate sector."
"You're not going to get any of that in substance. There is no leadership in the global economy. And there is no willingness to forgo the short-run benefits of beggar-thy-neighbor exchange rate depreciation. Currency wars will be the reality of what we'll see over the next few years," he told CNBC's "Squawk on the Street".
Buiter and Citigroup analysts said in a note Wednesday the risk of the global economy falling into a recession is rising as fundamentals remain poor.
"We are currently in a highly precarious environment for global growth and asset markets after two to three years of relative calm," Citigroup said, noting that global growth was "unusually weak" in the fourth quarter at around 2 percent.
Buiter said central banks are nearly out of ammo when it comes to using conventional and unconventional monetary policy as a means of stimulating demand.
"If we have a further slowdown, it will have to be combined more with the fiscal policy, and the world just isn't ready for that, institutionally, politically and any other way," he said.
At the same time, the private and public sectors in most advanced economies have become highly leveraged, he noted.
Citi is not expecting a U.S. recession, provided no surprises from abroad send the dollar sharply higher. But it does anticipate a further incremental slowing in the absence of a supportive Federal Reserve and as corporations ratchet up debt following a period of "unspectacular, mediocre" growth, he said.
Markets have appropriately priced in the risk of recession following last year's "excessive optimism," he said.
"Markets are ahead of the policymakers here for once," he said. "People have now rediscovered that, yes, future earnings growth projections on which the stock valuations were based were unrealistic."
http://ift.tt/1QCoeY3 ... uiter.html
She was speaking at a news conference at the conclusion of the G20 meeting of finance ministers and central bank governors in Shanghai Saturday.
http://ift.tt/1VGRdOJ ... SKCN0W00FT
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BACKDOC: IT SEEMS LIKE A VOICE OF REALITY WHEN YOU HEAR HOW BAD THINGS ARE ALL AROUND THE WORLD!
CENTRAL BANKERS SEEM TO HAVE EXHAUSTED THEIR TOOL CHEST OF FINANCIAL ENGINEERING! THINGS MAY GET DICEY AS WE APPROACH LIFT OFF WITH THE GCR! DOC IMO
Mountainman: Well You can't "FAULT" him for "TELLING IT LIKE IT IS"........he Just hasn't Spoken on the NEW REALITY......YET.....IMO
Thunderhawk: Backdoc Alert
We're in recession and it's getting worse: Ron Paul
Ron Paul wants to deliver a message to the market that he claims the Federal Reserve refuses to do itself.
The former U.S. Republican congressman said this week that the Fed has been propping up markets, and the U.S. economy has already entered a recession despite what central bankers might say.
"They're paid to spin it in a positive manner," the libertarian firebrand told CNBC's "Futures Now" in an interview.
He added: "You can't expect them to say anything else."
Read MoreWall Street cutting back growth outlook
Trader on the floor of the New York Stock Exchange.
Recession sign is in play and has 81% accuracy
A trader works on the floor of the New York Stock Exchange.
Citi: Risk of global recession rising
›
Paul's warning comes as a growing number on Wall Street have turned pessimistic on the economy. This week, Citigroup analysts cautioned in a note that the risk of the global economy sinking into a full-fledged recession is on the rise, amid a "tightening in financial conditions everywhere."
Dragging down the economy is a massive load of personal and sovereign debt, Paul said. A 2015 analysis by the McKinsey Global Institute said that global debt had grown by $57 trillion in the last several years, while no major economy has successfully de-leveraged since 2007.
According to Paul, the Fed has played a large role in that accumulation of debt by implementing artificially low interest rates for years. This has pushed individuals and companies to spend beyond their means, he added.
"When things get out of kilter from artificially low interest rates...the only correction is the liquidation of the debt, but that is not permissible," Paul said. Now, Paul warned that the government may be losing control of markets, which will lead to more volatility in stocks.
"Everything is designed to keep the stock market alive. At the same time, the employment numbers when you look at them closely aren't all that great," he said.
In January, the U.S. economy added 151,000 jobs, missing economist expectations and falling well short from the previous month. From here, Paul said growth will continue to deteriorate.
"I think that the conditions will get a lot worse," he said. "The slope is going to be down, for economic growth and prosperity."
http://ift.tt/1oJ8JXJ ... -paul.html
************
BACKCOC: INTERESTING WE KEEP HEARING OF SERIOUS RISKS TO WORLD ECONOMIES! EVER WONDER WHAT THOSE RISKS ARE? MMMM
MAYBE THE RACE TO THE BOTTOM WILL BE QUICKER THAN WE THINK! DOC IMO
Thunderhawk: Backdoc Alert
UK's Osborne says G20 officials unanimous on Brexit risk to world economy
British finance minister George Osborne said on Saturday that top finance officials from the Group of 20 nations were unanimous that a possible British exit from the European Union would be a shock to the global economy.
"Here at the G20, finance leaders and central bank governors of the world's biggest economies have raised serious concerns about the risks posed by a UK exit from the EU," Osborne said in a statement from Shanghai.
"They have concluded unanimously today that what they call the shock of a potential UK vote to leave is among the biggest economic dangers this year."
http://ift.tt/1VGRdOJ ... SKCN0W00DV
************
BACKDOC: WITH CENTRAL BANKS SEEMINGLY OUT OF BULLETS TO MANAGE THEIR ECONOMIES WE SEE THEM BECOMING DESPERATE TO GET COMPETITIVE ADVANTAGE AND THEIR ONLY BIG GUN THEY CAN SHOOT IS THEIR CURRENCY VALUE! IT SEEMS WE HAVE A RACE TO THE BOTTOM! PRINT, PRINT, PRINT.
Mountainman: In Other WORDS....."LET"S MAKE SURE WE ARE ALL ON THE SAME PAGE"......YOU "KNOW".....LIKE A CAREFULLY PLANNED DEMOLITION/IMPLOSION.......SET FOR A NEW GLOBAL REFORMATION OF OUR ECONOMIES.....RIGHT....EVERYBODY???......IMO....Hmmmm
Thunderhawk: Backdoc Alert
G20 to tell each other in advance about moves that could devalue currencies
Financial leaders of the world's 20 biggest economies agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Saturday.
The move is an addition to the traditional declaration in G20 communiques that countries will refrain from competitive devaluations, Dijsselbloem said after a meeting of G20 finance ministers and central bankers in Shanghai.
"If policy decisions lead to devaluation, we should inform and consult in advance between the different countries," he told reporters.
The decision was prompted by concerns among some of G20 financial leaders about the possibility of competitive devaluations in Japan or China, he said.
"Everyone was quite firm that we mustn't go down that road, refrain from that completely," Dijsselbloem said.
"There were some concerns that we would get into a situation of competitive devaluations and once a country starts, the risk is very large that the next country will follow."
He said in cases where devaluation is a consequence of monetary policy "motivated by real macroeconomic domestic reasons", then members must make sure to inform each other in advance to avoid surprises.
Dijsselbloem said information exchanges would take place "in the G20 context" and through the International Monetary Fund when "useful".
"The key thing is that we want to make sure that there are no surprises. This is an extra commitment between the G20 countries that they will refrain from competitive devaluations," he said.
http://ift.tt/1VGRdOJ ... SKCN0W00A0
************
Mountainman: HOW do You "SING".....KUMBAYA.......In 190+ GLOBAL LANGUAGES......LOL......BYE.....OLD REALITY......WELCOME the "NEW ONE" IN.........SOON....IMO
BACKDOC: AHHH COME ON JACK, JACK, JACK!
ALL THEY WANT TO DO JUMP OVER THE CANDLESTICK, AND BY THE WAY THEY WANT TO TAKE ALL THE GOLD YOU HAVE JACK, SO BE CAREFUL! HEE HEE DOC IMO
Thunderhawk: Backdoc Alert
The world should stop relying on U.S. consumers: U.S. Treasury chief Lew
U.S. Treasury Secretary Jack Lew called on G20 members on Saturday to redouble their efforts to boost global demand instead of relying on the American consumer to drive growth.
Lew, speaking at a press conference at the end of the G20 finance ministers conference in Shanghai, also said the dollar's strength was a function of a strong economy, and that the meeting had underscored that U.S. growth remained a bright spot in the global economy.
Separately, Lew called on China to remain communicative regarding its plans and to communicate more in public as opposed to behind closed doors, and that Beijing could carry out its economic transition in an orderly way.
He added that he believed China had the necessary policy tools to bolster domestic demand in support of that transition.
Lew also said it was in the national and economic interest of Britain and of Europe for Britain to remain in the European Union.
http://ift.tt/1VGRdOJ ... SKCN0W00F4
************
Mountainman: So In Other WORDS......We Are At OUR WITS END........"STRUCTURAL REFORMS"......You Mean THE "NEW ONES".....I Thought so......So "HANG TOUGH" Everyone......Because ...."IT'S ABOUT TIME/ING.......IMO
Thunderhawk: Backdoc Alert
G20 to say world needs to look beyond ultra-easy policy for growth
The world's top economies declared on Saturday that they need to look beyond ultra-low interest rates and printing money to shake the global economy out of its torpor, while renewing their focus on structural reform to spark activity.
A communique from the Group of 20 (G20) finance ministers and central bankers flagged a series of risks to world growth, including volatile capital flows, a sharp fall in commodity prices and the potential "shock" of a British exit from the EU.
"The global recovery continues, but it remains uneven and falls short of our ambition for strong, sustainable and balanced growth," said the communique, issued at the end of a two-day meeting in Shanghai.
"Monetary policies will continue to support economic activity and ensure price stability ... but monetary policy alone cannot lead to balanced growth."
Faltering growth and market turbulence have exacerbated policy frictions between major economies in recent months, and the statement also noted concerns over escalating geopolitical tensions and Europe's refugee crisis.
The reference to "Brexit" had not been included in earlier versions of the text, according a senior official who had seen various drafts, but was added after British officials pressed for it. Britons will vote in June 23 referendum on whether to remain in the European Union.
"Our view is that it's in the national security and economic security of the United Kingdom, of Europe and of the United States for the United Kingdom to stay in the European Union," U.S. Treasury Secretary Jack Lew said after the meeting..........MM,,,,It's "WHAT" "THEY" Don't Tell You that "MATTERS.........IMO
VOLATILITY VS FUNDAMENTALS
The G20 ministers agreed to use "all policy tools – monetary, fiscal and structural – individually and collectively" to reach the group's economic goals.
Christine Lagarde, managing director of the International Monetary Fund, said she sensed renewed urgency among the group's members for collective action, warning that without it there was a risk that the recovery could derail.
But there was no plan for specific coordinated stimulus spending to spark activity, as some investors had been hoping after markets nosedived at the start of 2016. Over the course of the two-day meeting in Shanghai comments by policymakers made clear the divergence of views on the way forward.
Finance chiefs had agreed that "the magnitude of recent market volatility has not reflected the underlying fundamentals of the global economy", the communique draft said.
To pep up the global economy, faster progress on structural reforms "should bolster potential growth in the medium term and make our economies more innovative, flexible and resilient", it said.
"We are committed to further enhancing the structural reform agenda," it added.
Divisions have emerged among major economies over the reliance on debt to drive growth and the use of negative interest rates by some central banks, such as in Japan.
Germany had made it clear it was not keen on new stimulus, with Finance Minister Wolfgang Schaeuble saying on Friday the debt-financed growth model had reached its limits.
"It is even causing new problems, raising debt, causing bubbles and excessive risk taking, zombifying the economy," he said.
The G20, which spans major industrialized economies such as the United States and Japan to the emerging giants of China and Brazil and smaller economies such as Indonesia and Turkey, reiterated in the communique a commitment to refrain from targeting exchange rates for competitive purposes, including through devaluations.
They pledged to "consult closely" on foreign exchange markets.
CURRENCY CONCERNS
Jeroen Dijsselbloem, chairman of euro zone finance ministers, said G20 members had agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies.
G20 host China used the meeting to try to allay concerns about the world's second-biggest economy, and Beijing's ability to manage it, that have grown since a market rout and a surprise devaluation last August.
"Monetary policy will probably have to be kept appropriately loose, even though people have realized that its role cannot replace fiscal policy," said China's Finance Minister Lou Jiwei.
Chinese policymakers reiterated pledges not to devalue the yuan CNY=CFXS again, and Premier Li Keqiang told the G20 opening session on Friday there was no basis for continued depreciation of the yuan.
But there appeared to be concerns that some members may seek a quick fix to domestic woes through a weaker currency.
Japan implemented negative interest rates this month to spur growth, and Bank of Japan governor Haruhiko Kuroda said he had "fully gained (their) understanding" from G20 ministers about the BOJ's thinking with regard to negative rates as a tool for escaping the deflation that has dogged its economy for years.
Japanese Finance Minister Taro Aso said he had urged China to carry out currency reform and map out a mid-term structural reform plan with a time frame.
"Chinese authorities need to present a mid-term structural reform plan with concrete schedule and a package of measures to stabilize yuan, based on recognition that communication between Chinese authorities and markets has caused market volatility and capital outflows," he told reporters.
http://ift.tt/1VGRdOJ ... SKCN0W004T
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Mountainman: http://HEY.....GUYS/ENGLAND/CITIZENS.......It's Called "CONSENT"......We "ALREADY" Decided but their is LESS CHAOS when a VOTE says "YES".....So take the "HINTS"....it's GOOD for US.....I Mean You Guys/BRITS.....Ok.....LOL.......IMO
BACKDOC: LAST WEDNESDAY THE POUND GOT POUNDED TO ITS LOWEST LEVEL IN 7 YEARS! OUCH!
TO BREXIT OR NOT TO BREXIT, THAT IS THE QUESTION! HEE HEE THIS GUY IS HAVING A BAD HAIR DAY JUST LIKE THE POUND DID LAST WEEK!
HE MAY LOSE MORE OF IT IF THEY BREXIT, IN FACT WE ALL MIGHT AND I CAN'T AFFORD TO GO THERE!! HEE HEE I'M ALREADY ON ROGAIN IF I LOOSE ANY MORE THERE WILL BE NO GAIN!
DOC IMO
Thunderhawk: Backdoc Alert
London Mayor Says Britain Would Have Bright Future Outside EU
London Mayor Boris Johnson said the U.K. would have a “great future” if it votes to leave the 28-member European Union in a referendum planned for this June.
“This is a once-in-a-lifetime thing,” Johnson told The Times newspaper in an interview. “It is not going to come round again. If we don’t do it now this thing is just going to grind on and become less and less democratic and more and more burdensome.”
Prime Minister David Cameron has called the in-out referendum on June 23 after securing a deal with fellow EU leaders including curbs on welfare for non-British EU citizens, measures to block unwanted regulation and U.K. exemption from the EU goal of “ever closer union.” Since then, the campaigning on both sides of the debate has heated up, with Cameron’s friend and fellow Conservative, Johnson, calling for a U.K. exit to save the country money and gain more control over its own lawmaking.
“The advantage of a ‘no’ vote is that it would jolt the whole system in Europe,” Johnson said of a decision in favor of leaving the EU, according to the report in the London-based Times. “For their own sake, they need to look at the way they are doing things.”
Johnson said the risk with staying inside the EU is that it’s an “anti-democratic” structure that is holding back British industries and their ability to compete with international firms.
http://ift.tt/1tXUPTd ... outside-eu
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BACKDOC: THE LAST TIME WE HAD A GLOBAL CRISIS WE HAD THE ABILITY TO USE MONETARY AND FISCAL TOOLS BUT THOSE HAVE ALREADY BEEN USED! ARE WE READY NOW FOR A FIAT CURRENCY COLLAPSE! MMMMM
Mountainman: YES....And WHY???? ALL the G-20 MEETINGS???......and WHY???...Are the GLOBAL MARKETS REPRICING/SELLING OFF......ANSWER= "THE NEW GLOBAL REALITY"....W/NEW INDEPENDENT VALUES for Your (COUNTRIES)..... RESOURCES/GDP.....and LEADERSHIP is ALREADY "POSITIONED" to ADDRESS any FUTURE "REDRESS".......IMO ....Do You "SEE" the "MIND GAMES"...."THEY" PLAY.......Reminds Me of A "USED CAR SALESMAN"......The Bad Ones.....!!!!!!!!.....LOL
Thunderhawk: Backdoc Alert
Currency wars coming in leaderless world: Citi's Buiter
The global economy is bound to remain leaderless, as G-20 countries meeting in Shanghai on Friday are unlikely to produce anything more than a rhetorical statement, Citigroup's chief economist Willem Buiter said.
Buiter said Friday the global economy truly needs an agreement on exchange rates that will be defended through intervention, as well as expansion of supportive monetary policy, fiscal stimulus modulated according to countries' needs, and "supply side reforms that sustain animal spirits in the corporate sector."
"You're not going to get any of that in substance. There is no leadership in the global economy. And there is no willingness to forgo the short-run benefits of beggar-thy-neighbor exchange rate depreciation. Currency wars will be the reality of what we'll see over the next few years," he told CNBC's "Squawk on the Street".
Buiter and Citigroup analysts said in a note Wednesday the risk of the global economy falling into a recession is rising as fundamentals remain poor.
"We are currently in a highly precarious environment for global growth and asset markets after two to three years of relative calm," Citigroup said, noting that global growth was "unusually weak" in the fourth quarter at around 2 percent.
Buiter said central banks are nearly out of ammo when it comes to using conventional and unconventional monetary policy as a means of stimulating demand.
"If we have a further slowdown, it will have to be combined more with the fiscal policy, and the world just isn't ready for that, institutionally, politically and any other way," he said.
At the same time, the private and public sectors in most advanced economies have become highly leveraged, he noted.
Citi is not expecting a U.S. recession, provided no surprises from abroad send the dollar sharply higher. But it does anticipate a further incremental slowing in the absence of a supportive Federal Reserve and as corporations ratchet up debt following a period of "unspectacular, mediocre" growth, he said.
Markets have appropriately priced in the risk of recession following last year's "excessive optimism," he said.
"Markets are ahead of the policymakers here for once," he said. "People have now rediscovered that, yes, future earnings growth projections on which the stock valuations were based were unrealistic."
http://ift.tt/1QCoeY3 ... uiter.html
Thunderhawk: HEY DOC …HOW"S THIS FOR A BLAST FROM THE PAST….IRONIC ISN'T IT
Tales Of The Wizard Of Oz: Free Trade [1961]
ENJOY Blessing ThunderHawk
https://www.youtube.com/watch?feature=player_embedded&v=brqnui9dV9o#t=0
BACKDOC: FREE TRADE? NEED A BRAIN? NEED A HEART?
WOW DUDE! YOU COVERED IT ALL!
NOW DELIVER THE BRAIN TO THE POLICY MAKER.
THEN DROP OFF THE HEART TO THE G20 SO THE COUNTRIES WILL HAVE A HEART.
THEN GIVE THE FINANCE MINISTERS THE COURAGE TO IMPLEMENT THAT NEW STIMULUS PLAN WHICH IS LIKELY GOING TO INVOLVE MORE THAN A FEW COUNTRIES GETTING AN OVERHAUL ON THEIR CURRENCY VALUES!
OOOOOOOOFFFFF OOOOOOOFFFFFFF HEE HEE GET OUT OF HERE, YOU SCARY LION! LOL DOC
Mountainman: HEY HAWK.....Just think How SOCIETY would be "TODAY" if they were "Taught" these (PRINCIPLES)......Of the "PRINCIPAL"......(REALITY).....That Is.....IMO Blessings,BRO.....MM
via Dinar Recaps - Our Blog http://ift.tt/1TKNKQ1
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