The Traderszone Network

The Goods and Services Tax is a consumption tax
The government confirming it has no plans to risk electoral suicide by hiking it.

Morning in Tokyo, time to wheel out the taking heads.
Japan finance minister Aso:
– Government to coordinate with G7 in responding to recent mkt moves
– Will take a while for monetary policy effects to materialise, need to keep watch on it
Japan economy minister Ishihara:

Comments from Goldman Sachs on gold. They recommend selling the shiny rock, saying a repeat of the GFC is unlikely
– Have a 3-month target of $1100
– In 12 months they see it at $1000
–

Submitted by Ron Paul via The Ron Paul Institute for Peace & Prosperity,Last week US stock markets tumbled yet again, leaving the Dow Jones index down almost 1500 points for the year. In fact, most major world markets are in negative territory this year.

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Futures point to a higher open in Asia, though pressures on equity markets from oil’s doldrums and weak China data remain.

Nothing of much note from English. Speaking on a parliamentary committee
But here we go:
– Government has fiscal flexibility, could use it
– Government wouldn’t expect to react to low dairy payouts … other parts of the economy going well
Awesome. Thanks Mr. English.

For the past two weeks recurring flashing red headlines of an agreement, or at least a meeting, between Russia and Saudi Arabia – the world’s two largest oil producers – have led to aggressive short-covering rallies in oil on just as recurring hopes that the Saudi strategy of flooding the market with excess supply (by its own calculations as much as 3 million barrels daily) adopted during the 2014 Thanksgiving Day OPEC meeting, will come to an end.

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