Tuesday, August 22, 2017

And This Is Why I Continue To Like Natural Gas

China natural gas consumption expected to rise 10 pct in 2017

BEIJING -- China's natural gas consumption is expected to maintain double-digit growth in 2017 after signs of slowing over the past two years, a report said on Saturday. China's apparent consumption of natural gas may rise 10 percent year on year to 230 billion cubic meters this year, according to the report released at a forum…

Monday, August 21, 2017

This Has To Be The Clearest Indication That There Is An Over-Bough Real Estate Market

China to limit overseas investments in real estate, sports clubs

BEIJING — China will limit overseas investments by domestic companies in fields including real estate and sports clubs, while encouraging them to invest in infrastructure and new technology. Overseas investments in areas including real estate, hotels, cinemas, the entertainment industry, and sports clubs will be limited, while investments in some sectors such as gambling will be…

Colonialism v2.0: Financial Services Continue To Infiltrate Africa

South African, Chinese banks sign deal to fund SMEs in Africa

JOHANNESBURG — South Africa's Absa bank and China Development Bank (CDB) on Friday announced the conclusion of a $100 million Special Facility Agreement to fund small and medium-sized enterprises (SMEs) in Africa. Absa is a subsidiary of the Barclays Africa Group. The money will benefit Barclays bank's existing and prospective SME clients across the continent. The…

Nigeria Can't Fall Into The Same Trap As Other Oil Rich Countries

How Nigeria Can Cure Its Oil Addiction

Nigeria is addicted to oil. The oil industry contributes around 70 percent of Nigeria’s government revenue and over 90 percent of export earnings. Successive Nigerian governments have sought to diversify the economy, with limited success. But the global embrace of electric cars and the expansion of renewable energy is a signal of the waning power of…

Agricultural Technology Continues To Advance In Africa

Government to Scale Up Use of Greenhouses for High Value Crops

The Government is seeking to promote the use of green houses to harvest more from high value crops, in the forthcoming fourth Strategic Plan for Agriculture Transformation (PSTA4). Dr. Octave Semwaga, Director General for Strategic Planning and Programmes Coordination at the Ministry of Agriculture and Animal Resources (MINAGRI), made the revelation last week at the sidelines…

Sunday, August 20, 2017

Robots Continue To Encroach

Self-Driving, AI And Robotics Set To Transform The Auto Industry

The auto industry seems to be ready for disruption. It is an industry that has functioned largely without changes for the past hundred years, but with the emergence of technologies such as artificial intelligence, self-driving and robotics, the basic paradigm of the industry is expected to change. Robotics, for example, has been used for a long…

Dipping Our Toes In The Risk Pool?

I have made two previously disastrous calls on VIX in the past. Yes, there was a tepid rise from my previous signals but it wasn't the all-consuming breakout I had been hoping for and expecting. Numerous things could have stoked my interest at the time not least of which is the phenomenal payoff that will come when I or someone else finally gets it right. This is now the third time that I am putting a tentative "buy" signal on VXX. A lot of interesting things have happened in the last few weeks and as it turns out it has been geopolitical tensions and the black hole of American domestic politics that that I think have made people look at VXX as an appropriate hedge. The divergence in the Fed balance sheet and the rise of S&P continues to be my guiding light for where the market is headed, and granted we may get a bounce here, but the Russell looks to be putting in a rounding top pattern. VXX itself is still in bearish territory below the EMA(144) which means it merits extreme caution, but the volume bars do not lie. We've had some phenomenal rises with the EMA(8) crossing the EMA(13) meaning we put it on our buy watchlist. Curiously, a possible inverse head-and-shoulders pattern could be going in with a gap that needs to be filled around $16.00. My prediction is that gap will be filled on this rise.



Poverty Can Be Beaten Many Ways

World Bank chief hails China's fight against poverty

Argentine President Mauricio Macri (R) shakes hands with World Bank President Jim Yong Kim, after a joint press conference at the Presidential Country House, in Olivos city, 15km from Buenos Aires, Argentina, on Aug 17, 2017. [Photo/Xinhua] BUENOS AIRES - World Bank President Jim Yong Kim on Thursday praised China's anti-poverty measures which have successfully lifted…

Saturday, August 19, 2017

Africa Set To Invest In Developed Countries (gasp)

Dangote Sets Sights On U.S., Europe With $20 Billion Investment

Africa's richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the United States and Europe by 2025, in industries including renewable energy and petrochemicals. The 60-year-old Nigerian cement tycoon aims to move into these territories for the first time in 2020 after completing almost $5 billion of agricultural projects and an $11…

Friday, August 18, 2017

Wearable Electronics, Vulnerable Patients, And An Insurance/Electronics Alliance In Heaven

Report: Aetna in talks with Apple to provide Apple watches to millions of customers

A partnership between Apple and Aetna could bring Apple watches to the insurance company’s more than 20 million customers, according to a report. Read more: 4 apps that could save your life in an emergency The two companies held private meetings Thursday and Friday in southern California to discuss options for such a move, CNBC reported,…

Middle East Turning Into Geopolitical Blocks And Alliances With All The Hallmarks Of Pre-War Europe

Saudi, Iraqi leaders draw closer after Sadr meeting

The motivation for Moqtada al-Sadr, an Iraqi Shia Muslim cleric, to meet the Saudi c rown prince last month was an attempt to roll back Iranian influence in Iraq, seek a leadership role and tone down sectarianism between the two countries, analysts say. Sadr, who is openly hostile to the US, was hosted on July 30…

Tuesday, August 15, 2017

High Yield (HYG) Has Broken Down, But Is There Now A Target at $86.50

High Yield ETF HYG did have a breakdown recently along with the rest of the market but the overall large upward channel is still holding. I'm not doubting that a near-term sell signal has gone in, but what I am predicting is that the support line around $86.50 might produce a bounce and buying opportunity. Currently all the moving averages are pointing to a "sell," but we are well above the EMA(34) so still definitely in bullish territory. Does High Yield foreshadow further market weakness, but more to the point, does it predict another bounce and rally?

Monday, August 14, 2017

Excellent, Around The Time Everyone Else's Is Declining

Africa's Working-Age Population to Grow By 450 Million in 20 Years

The working-age population in Africa is projected to grow by about 70 per cent or 450 million over a period of 20 years, spanning 2015 to 2035, said the Africa Competitiveness Report 2017. To date, Africa, which has Nigeria as one of the most populated, is inhabited by 1.246 billion people. The population had grown by…

D'uh, China Hasn't Needed The U.S. For Years

US Trade Act won't impede China's progress

US President Donald Trump will sign an executive memorandum on Monday authorizing the US trade representative to determine whether to investigate China's intellectual property and trade practices, which could pave the way for Trump to use Section 301 of the Trade Act of 1974 to impose tariffs on Chinese goods and eventually trigger a trade war.…

Other Car Major's Jump Into The Fray

Renault-Nissan to open smart car incubator in Israel

World’s largest auto manufacturer joins General Motors, BMW, and others in local development of advanced autonomous vehicle tech By Times of Israel staff An electric Renault vehicle charges in Ramat Hasharon, Israel. February, 7 2010. (Roni Schutzer/Flash90/Maariv Out) Renault-Nissan is jumping onto the Israeli smart car bandwagon. The company announced last week that it was opening…

Excellent Long-Term Forestry Management From An Unlikely Place

One Billion Trees Planted in Pakistan’s NW Province

Pakistan’s northwestern province, Khyber Pakhtunkhaw (KPK), has planted an unprecedented 1 billion trees in just more than two years and surpassed an international commitment of restoring 350,000 hectares of forests and degraded land. The massive effort aims to turn the tide on land degradation and loss in the mountainous, formerly forested KPK, which lies in the…

Friday, August 11, 2017

We Might Make It After-all

Cleaner Air And The Path To Continued Progress

America’s air is getting cleaner and cleaner, even as the economy continues growing. So says EPA’s latest annual report on air quality, which tracks improvements since 1970. Cleaner air during economic growth, including the ongoing U.S. energy renaissance: That’s news we never get tired of hearing. Two charts from EPA’s report capture where things stand. First,…

Education Is Still The Greatest Weapon We Have Against Poverty And Injustice

Firm Launches Programme to Boost Teaching, Learning in Africa

eThink African Learning Network (ALN), the first certified Moodle partner in Nigeria, has launched a first-of-its-kind programme that would allow schools across Africa to collaborate and share resources online through its learning management system. The co-founder and Chief Executive Officer of eThink Education, a rapidly growing, privately owned corporation, Mr. Brian Carlson, said it is the…

Never Waste A Good Crisis: Biotechnology (XBI)

So I got fed up with the market and took a bit of a break from it all. I still market valuations are too high and a bit of disconnect is arising between the upward trajectory of the market with the Fed's balance sheet. All of this foreshadows a market correction, or as I like to call it, a healthy retracement. Small opportunities have appeared since this most recent move downwards and it has provided us with a little insight as to where this might be headed. The first opportunity I will direct your attention towards is Biotechnology ETF XBI. We remain in a very strong upward channel however after the recent turn a possible declining wedge has appeared. Please watch this as the pattern fits nicely with the lower channel support line. It may be that this "correction" goes no further and continues it's march upwards, but 30% it doesn't follow the wedge and breaks down. Easy stops and starts can be identified to guard against possible further deterioration but in the near term weakness should continue.


The Outback Is The New Global FinTech Hub

Bitcoin Could Be Australia's New National Currency

Imagine a sunny beach full of fintech entrepreneurs and bitcoin enthusiasts. Visiting colleagues from Singapore, India and China sit sprawled across the soft sand, commenting on how this coastal city became one of the world’s leading startup hubs. No, this scene isn’t happening in California. It’s actually Sydney, Australia. According to the KPMG report Scaling the…