tag:blogger.com,1999:blog-21948014090130437932024-03-13T20:03:09.611-07:00Acom Alliance's BlogAcom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2194801409013043793.post-3402188306300333462016-06-13T21:55:00.000-07:002016-06-16T21:55:36.581-07:00Bond Boss at US insurance giant says market structure changingAdjustments will need to be made by investors to a rapidly evolving market where it is becoming increasingly difficult to link purchases from the source to the end buyer according to Michael Lillard, asset manager at Prudential Financial.<br /><br />“There has been a new wave of volatility” said Lillard, who manages over $550 billion at the US financial giant, in a press conference Thursday. “A symptom has been a marked decrease in liquidity as a result of a beast that is kind of reinventing itself as it adapts. It’s a huge challenge keeping up with the changes in the actual structure of the market.”<br /><br />Some of the bigger Wall Street houses have been backing off from affected markets due to a higher level of attention from regulators, creating a vacuum for counterparties. This can push investors to either make do with below average prices to exit positions, or to keep hold of bonds longer than they would have before. <br /><br />Other experts have commented that there are opportunities for traders with the foresight to act quickly and decisively in response to market fluctuations. James Summers, Global Co-Chief Operating Officer of Equities at Acom Alliance said in an interview recently, “The trick these days is to keep your eye trained very carefully on dislocations in the market. There are subtle ups and downs in liquidity; you need to be sensitive to those changes.”<br /><br />Late last year Lillard commented that investors should select bets they intend to be faithful to in the long term, and his latest remarks falls in line with that sentiment. Some of the safer options he recommended recently were U.S. securities and high yield credit both home and abroad. Sovereign debt in established markets, he said, was not a wise choice.<br /><br />Indicators coming from the NY Federal Reserve, and especially from its president William Dudley, show there is an impending rate hike, on top of the one witnessed in December.<br /><br />‘Waiting for the moment’<br /><br />Lillard added “The consensus is that the Fed will wait patiently for the right moment to adjust its rates. That moment will most likely come when there is a satisfactory run of economic reports and a more settled market.”Acom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.comtag:blogger.com,1999:blog-2194801409013043793.post-90685890314344831072016-05-18T12:20:00.000-07:002016-06-13T12:21:09.995-07:00Filipino Markets Up as “Crime Fighting” Mayor Wins Presidential Race <!--[if gte mso 9]><xml>
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<span lang="EN-GB" style="mso-fareast-language: EN-GB;">A
victory for the tough former Mayor of Davao City in the 2016 election contest
ended a month of volatile activity in the Filipino markets as stocks rallied
and the peso gained against its major Asian competitors.</span>
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<br /></div>
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<span lang="EN-GB" style="mso-fareast-language: EN-GB;">Rodrigo
Duterte, looked to calm investors in his triumphant speech on Monday as he
announced his cabinet. The Philippine Stock Exchange Index reacted with a 2.7%
jump.</span></div>
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<br /></div>
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<span lang="EN-GB" style="mso-fareast-language: EN-GB;">“The
recent rally is mostly due to relief of investors. I think the markets are just
happy the whole process has being completed without major violence or
controversy” said </span><span lang="EN-GB">James Summers, Global Co-Chief
Operating Officer of Equities at Acom Alliance, whose firm manages around $4bn
in Asia. “A smooth transition is expected.”</span></div>
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<span lang="EN-GB" style="mso-fareast-language: EN-GB;">With
Duterte holding an unassailable lead in the polls, his thoughts will now turn
to winning the confidence of investors who spurred on 6.1% economic growth
under the former leader of the country Benigno Aquino, while also delivering on
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strategy and markets fell more than 4% last month, wiping out most of the
nation’s gains for the year. The peso sank 1.7 percent last month.</span></div>
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<br /></div>
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<span lang="EN-GB" style="mso-fareast-language: EN-GB;">“Last month
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commented in a press release in Davao after the voting. “Let’s start the
healing process.”</span></div>
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<br /></div>
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<span lang="EN-GB" style="mso-fareast-language: EN-GB;">The
Filipino Index gained for the first time in three weeks, even though local
markets were closed at the start of the week. The peso jumped 0.6% to
46.79 per dollar at the close, after first sinking as much as 0.4 percent from
last week. The nations bonds, due in 2041, progressed for a fourth consecutive
day.</span></div>
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<br /></div>
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<span lang="EN-GB" style="mso-fareast-language: EN-GB;">Duterte
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minister. Dominguez and Duterte were childhood friends and Dominguez was
agriculture minister for the late President Aquino.</span></div>
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<span lang="EN-GB" style="mso-fareast-language: EN-GB;">Regardless,
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running policy, gaining popular support. Increased growth and 3.5 million jobs
created in Aquino’s term resulted in a massive increase in car sales, but also
had a negative effect on Manila’s already overworked roads as spending on
infrastructure failed to keep pace with the economy.</span><b style="mso-bidi-font-weight: normal;"><span lang="EN-GB" style="font-family: "Georgia",serif; font-size: 12.0pt; line-height: 115%;"></span></b></div>
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Acom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.comtag:blogger.com,1999:blog-2194801409013043793.post-59358662122425086202016-05-17T12:19:00.000-07:002016-06-13T12:20:04.722-07:00Trading House Enters Harmonious New Partnership <!--[if gte mso 9]><xml>
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 5"/>
<w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Closing"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Signature"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="true"
UnhideWhenUsed="true" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Message Header"/>
<w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Salutation"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Date"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Block Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="FollowedHyperlink"/>
<w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Document Map"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Plain Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="E-mail Signature"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Top of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Bottom of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal (Web)"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Acronym"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Typewriter"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Variable"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation subject"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="No List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Contemporary"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Elegant"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Professional"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Balloon Text"/>
<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Theme"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" QFormat="true"
Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" QFormat="true"
Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" QFormat="true"
Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"/>
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banks winding down their involvement in the commodity business due to flagging
returns and a rise in regulatory controls, a vacuum has appeared. </span>
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">Enter trading house
Mercuria, a privately held company based in Switzerland, who have become
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recent years and is currently one of the five biggest independent energy
traders and asset operators on the planet.</span></div>
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">Mercuria Energy
Group Ltd, founded in 2004 and partly owned by ChemChina , has now teamed up
with Nasdaq Commodities, the financial giant that owns and runs the NASDAQ
stock exchange, on power and gas market contracts. Mercuria will offer
liquidity and client access mainly through its London office.</span></div>
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">The Geneva based
firm, which operates in over 50 countries, made a bold move in 2014 when it
bought a sizeable portion of JPMorgan Chase & Co.’s commodity unit.
Following that $850ml investment it will expand operations in the sector with
the new agreement with Nasdaq Inc. </span></div>
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">It’s expected the
company will become increasingly active acting as middle man between major
energy corporations in Europe and U.S. hedge funds as they provide valuable
access to new Nasdaq contracts in the physical commodity markets.</span></div>
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">“Mercuria have
taken on this challenge, and it’s a fantastic opportunity to fill the void left
by the big banks who we have seen take a step back from this area over the last
few years,” James Summers, Global Co-Chief Operating Officer of Equities at
Acom Alliance commented in an email to clients on Thursday. “They have built up
a trustworthy reputation and will offer access to large contracts on the
continent together with market liquidity on the strength of that reputation.”
he added.</span></div>
<div class="MsoNormal" style="line-height: 115%; margin-bottom: 10.0pt;">
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">All this is a far
cry from the ‘bread and butter’ business that trading houses have dominated in
the past. Mercuria, along with other big names like Trafigura, are specialists
in purchasing and selling goods for other businesses who require international
trade experts to handle their stock, and the company would make a profit on
this straightforward trading. Diversification has been necessary as margins
have shrunk due to tighter competition and many groups have purchased assets,
especially in the energy sector, such as oil platforms and other
infrastructure. Although Mercuria have been similarly active acquiring assets,
they have also looked to diversify as a market creator.</span></div>
<div class="MsoNormal" style="line-height: 115%; margin-bottom: 10.0pt;">
<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">The company are expected
to now supply clients with first refusal access to European gas and power
contracts connected to Nasdaq, including short and long term options, Summers
added that part of Mercuria’s overall strategy would be to create new markets
for contracts within its sphere.</span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">Harmonious Connection</span></b></div>
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">“What I like about
this move by Mercuria and Nasdaq is that they are providing a harmonious bridge
between two massive and vital components of world business. The physical and
financial cogs in the global machine are now perfectly in tune” Summers said.</span></div>
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<br /></div>
Acom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.comtag:blogger.com,1999:blog-2194801409013043793.post-62533770144474548782016-05-13T12:16:00.000-07:002016-06-13T12:17:02.331-07:00On Bull-Market Crisis, Goldman Jeers as Citi Sees Commodity Increases<!--[if gte mso 9]><xml>
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<![endif]--><span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">With respect to commodity
bulls, it may, at long last, be time to heave a sigh of relief. </span></span>
<br />
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">There is a growing number of
voices and a surge of financial investment alluding to the fact that the worst
of the slump is over. Standing out is Citigroup Inc., the bank that was on the
ball in 2012, when their analysts correctly foresaw the end of the commodity
super cycle and the end of rising demand and costs.</span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Crude materials are on the
edge of a bull market, following five years of value decreases powered by
abating Chinese interest and worldwide surpluses for most metals, grains and
energy items. Not everyone anticipates that the mists will lift. Goldman Sachs
Group Inc. sees no "practical movement in fundamentals" and says
higher U.S. loan costs will keep the view bearish. Be that as it may,
speculative commodity investments have surged with bets on a rally at their
highest since 2014.</span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">"It is possible that
we've seen a bottom in commodities in general," said James Summers, Global
Co-Chief Operating Officer of Equities at Acom Alliance, which manages about $4
billion in assets. “ </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: normal; mso-hansi-theme-font: minor-latin;">Bull Markets</span></span><span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The Bloomberg Commodity Index,
a measure of profits for 22 commodities, has ascended as much as 17% from a
record low in January. An increase of 20% would meet the basic definition of a
bull market. The index surged 8.5% in April, the greatest month to month
advance since 2010. </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Supplies of copper are looking
tight. Consolidated stockpiles observed by trades in London, Shanghai and New
York shrank 15% from a high in Spring. <br />
<br />
</span></span><span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: normal; mso-hansi-theme-font: minor-latin;">U.S. Rates </span></span><span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"></span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Goldman Sachs' bearish view
relies on the opinion that the Federal Reserve will raise interest rates three
times this year, contrasted with Citigroup's predictions of 2 increases.
Goldman Sachs stated in a recent press release that increased borrowing
expenses would prompt a more grounded dollar, putting pressure on gold and
copper.</span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Morgan Stanley analysts are
negative on energy, stating in a report on April 25<sup>th</sup> that a large
scale unravelling could bring about extreme selling. Iraq's exports drew to a
near record high in April, while U.S. stocks are at their most noteworthy since
1929. </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in;">
<span class="lede-headlinehighlighted"><span lang="EN-GB" style="background: white; font-family: "Calibri",sans-serif; font-size: 12.0pt; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">For the time being,
speculators are supporting Citigroup’s view. Since mid-March, hedges and other
cash administrators have multiplied their joint net-long assets across 18
products to 1.09 million options and futures contracts according to U.S.
government information.</span></span></h1>
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Acom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.comtag:blogger.com,1999:blog-2194801409013043793.post-54941862674842491982016-05-10T12:16:00.000-07:002016-06-13T12:16:19.641-07:00Good News for U.S. Economy<!--[if gte mso 9]><xml>
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<br />
<div class="MsoNormal">
<span lang="EN-GB"></span><span lang="EN-GB">After having registered an exceptional gain
of 77% between December 31, 2011 and December 31, 2014, the U.S stocks appear
to be taking a pause. </span>
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">During 2015 and up till April 8, 2016, the
stocks flattened. After a long period of recession, when the American economy
finally returned to its normal valuation level, people responded by investing
in the stock market. This caused the stock markets to expand accordingly and
create a record three-year Bull Run. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">During this period, the Standard &
Poors price-to-earnings multiple increased from an underestimated 12 to an
overestimated 18.2. The American economy has performed well in the last few
years and this is reflected in the share prices. Currently, the U.S stocks are
valued at 17.4 times their trailing 12-month earnings. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">James Summer, the Global Co-Chief Operating
Officer of Equities at Acom Alliance says, "S&P registered a decline
in earnings during 2015. The earnings exhibited a negative slope as the energy
and material sectors collapsed <s><span style="mso-spacerun: yes;"> </span></s>during
2015. These two sectors are expected to perform very well in 2016 and this will
cause the earnings to rise again." </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">Since 1900 only 3 out of 23 bull markets
have managed to sustain themselves for more than six years. The longevity of a
bull market is hampered by the possibility of a bear market. As of March 31,
2016 the kind of economic conditions that usually prevail during a bear market
were absent. These economic conditions include signs like slowed economic
growth, over estimation of stock markets and restrictive fed policy -- none of
which are visible in the current scenario. If records are any indication, it is
unlikely that a bear market will prevail over the U.S. economy. </span></div>
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<br /></div>
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<span lang="EN-GB">U.S economic data releases have been
positive for months now. The ISM Index bounced back in March this year
reaching 51.8% on April 1 2016. The new orders, which is an intrinsic and
forward-looking component of the ISM Manufacturing index, increased to 58.3% in
March from a previous 51.5% in February. The increase in new orders is a
positive sign as it means that in the weeks to come, manufacturing activity
will likely register growth. </span></div>
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<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">Though most economists keep their eye on
the ISM manufacturing index, the non-manufacturing Purchasing Managers’ Index
(PMI), is a far stronger indicator of the strength of an economy. The PMI is
even more important in the U.S as only 10% of the American people are currently
involved in the manufacturing industry. The remaining 90% earn their living
from non-manufacturing jobs. </span></div>
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<br /></div>
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<span lang="EN-GB">The non-manufacturing PMI has been gaining
consistently. It was 54.5% in March 2016. This figure is a point higher than
what it was in February 2016. A non-manufacturing PMI of 54.5 percent is a
strong number that shows that the U.S economy is doing well.</span></div>
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<br /></div>
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<span lang="EN-GB">Since the manufacturing PMI index has also
been registering constant gains, it is clear that the American economy has
little to worry about in the weeks to come.</span></div>
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<br /></div>
Acom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.comtag:blogger.com,1999:blog-2194801409013043793.post-17097935887173746182016-05-09T12:14:00.000-07:002016-06-16T22:39:09.498-07:00Where to Invest, a 10 year Prediction<!--[if gte mso 9]><xml>
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<![endif]-->There is a strong sentiment for investments made in the
British and Japanese economies. Emerging markets also hold a keen interest.<br />
<br />
<div class="MsoNoSpacing">
Predictions in these countries’ stock markets cite
returns in excess of 6% over the next 10 years. In contrast the US markets will
offer a limited 2% return and even struggle to keep in line with inflation.</div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
The details will be distributed shortly by experts
Barings.</div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
All efforts to predict the future ought to be taken with
a pinch of salt, however, this one provides food for the hungry investor’s
thought.</div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
The initial 10-year gauges were distributed in 2003,
offering the chance to test three time-frames, from 2003, 2004 and 2005. Predictions
were mostly correct, to within a % point. In 2005, for instance, yearly 11.4%
returns were anticipated, and 11% was accomplished.</div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
What the model neglected to foresee was the interfering
of governments, by means of national banks, that blew away returns from
investment accounts and increased interest for government bonds, particularly
inflation connected gilts. </div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
Instead of depending on today's valuations contrasted
with long-term midpoints - the typical technique - Barings concentrates on
different components that will influence future benefits and interest for
specific resources. </div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
Incorporated into this blend are the effect of
demographics, profitability (the effectiveness of the economy) and the
accessibility of credit. James Summers, Global Co-Chief Operating Officer of
Equities of Acom Alliance, says "The markets are currently behaving like
tectonic plates, the markets will be moved and returns will be forthcoming over
time."</div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
The investigation additionally emphasizes the effect of
"financial constraint mechanisms" (which it didn’t anticipate). This
is the constricting effect that national banks have put on savers with a
specific end goal to help borrowers </div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
What are the model’s predictions today?</div>
<div class="MsoNoSpacing">
<br /></div>
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<span lang="EN-GB">Mr Summers says returns will be around 6%,
one point under the forecast of the previous year, even though the FTSE has
dipped.</span></div>
<div class="MsoNormal">
<br /></div>
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<span lang="EN-GB">"This is on the grounds that our
thinking on corporate tax assessment has transformed," he said. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">"Organizations have been paying minimal rates of duty for forty years and
we suspected that needed to change."<span style="mso-spacerun: yes;">
</span></span></div>
<div class="MsoNormal">
<br /></div>
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<span lang="EN-GB">The move to higher duties will hammer
benefits and also share prices. "The US market battles as it is, as of now
it’s at 'crest net revenues' and begins with a low level of profit yield. It is
also<s>,</s> more costly than other securities exchanges. Keenness for gold,
which is seen as a store of worth in the midst of expansion, will return as
speculators acknowledge national bank approaches are pushing up costs. If the
objective is 2%, they will be delighted if it rises to 2.5%," added Mr
Summers.</span></div>
<div class="MsoNormal">
<br /></div>
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<span lang="EN-GB">Government securities, conversely, will
lose out following a period of expansion by money related suppression
approaches, for example, driving insurance agencies to purchase them in order
to hold down government costs. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">One crucial point is instability. Take a glance
at the top returning resources on the estimate graph – the securities exchanges
of Japan, Europe and developing markets all convey powerful returns, however British
shares will offer the same returns, with fewer fluctuations. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">US high return organization bonds will do
likewise with even less unpredictability, if the models are correct. The
estimates underline the legitimacy of holding some cash in business property
stores. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">To close, a reflection on interest rates,
which Mr Summers predicts will increase by just 2.5% by 2026, and a reminder
from history. "We are probably going to live with low loan costs for quite
a while to come," he said. <br />
<br />
"Strategies of budgetary suppression that expect to save loan agents, most
particularly the government, tend to keep going quite a while. Related systems
were utilized after World War II to permit the government to pay back large war
obligations. These conditions endured until the Seventies. Such encounters illustrate
to what extent money related restraints can remain," concluded Mr Summers.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<br /></div>
Acom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.comtag:blogger.com,1999:blog-2194801409013043793.post-52025628974380054652016-03-01T12:12:00.000-08:002016-06-13T12:13:18.107-07:00Can Womenomics Increase in Japan’s Overall Output?<!--[if gte mso 9]><xml>
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table.MsoNormalTable
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mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
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mso-pagination:widow-orphan;
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<b><span lang="EN-GB"></span></b><span style="font-family: inherit;"><span lang="EN-GB">This may be the best part about Abenomics:
Increased women participation in the economy can push Japan through these tough
times. Japan has been making deliberate efforts to incorporate its women
workforce into its mainstream economy. Shinzo Abe, the Prime Minister of Japan,
has been devoting special attention to this particular task. </span>
</span></div>
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<span style="font-family: inherit;"><span lang="EN-GB">Since its introduction in 2012, Abenomics,
the economic policy advocated by the Japanese Prime Minister, has been
promoting the inclusion of women into the Japanese economy. Increased women
participation will not only lead to an increased workforce, it will also
enhance Japan's chances of overall growth. Given its pro-women stance, the
Abenomics is sometimes also referred to as Womenomics.' </span></span></div>
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<span style="font-family: inherit;"><span lang="EN-GB">It is believed that promoting women to
become a part of Japan's workforce will lead to an increase in country's
overall output. It also means putting power in the hands of women. Earning
women will add income to the household and will eventually lead to increased
consumer expenditure. After Abe took oath as the Prime Minister of Japan in
2012, the number of Japanese women entering the labor market has increased. In
2014, a whopping 66% of Japanese women were active participants in the economy.
In 2011, this number was 63%. According to the OECD, the unemployment rate
among women in Japan has dropped down from 4.4% in 2011 to 3.5% in 2014. Though
this number is lower than the calculated average of most European countries
like Switzerland (79%) and Norway (75.9%), it is a welcome change. After all,
Japan is performing better than some other OECD nations like South Korea (57%)
and Italy (55.2%) where a major number of women stay confined to home and do
not contribute in any way to the country's economy. </span></span></div>
<span style="font-family: inherit;">
</span><br />
<span style="font-family: inherit;"><span style="font-size: 11pt;">Active participation of more and
more Japanese women in the country's economy is a step that will positively
affect Japan's economy in the long run. James Summers, the Global Co-Chief
Operating Officer of Equities</span><span style="color: #2f3338; font-size: 11pt;"> </span><span style="font-size: 11pt;">who overseas asset allocations for global equities
totaling $2.3 bn</span><span style="font-size: 11pt;"> at Acom
Alliance sees a silver lining for Japan in this change. He says, "The good
part about Abenomics is that it's leading to an increase in the workforce of
Japan. To me, this particular trend evokes hope for the country. Japan had
almost doomed demographically, but the country is fighting back with its increased
women workforce." Though the inclusion of women workforce in the Japanese
economy has raised hopes, this increase hasn't been as good as expected. One of
key concerns is that though women have been given a chance in Japanese economy,
they still only hold the lower rung of the professional structure. Japanese
women have been kept away from coveted positions -- they make do with contract
and part-time jobs. In Japan, only 3.1% women hold board seats in big
companies. This number is much lower in comparison with United States and
Canada where 19.2% and 20.8% women hold important jobs respectively. </span><span style="color: #2f3338; font-size: 11pt;"></span></span><br />
<span style="font-family: inherit;">
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<br /></div>
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<span style="font-family: inherit;"><span lang="EN-GB">When Abenomics was formulated, one of its
prime goals was to increase the percentage of women in management positions to
30% by 2020. However, given the practicality of situation, this number has now
been brought down to 15% for private and local government jobs and 7% for
national public jobs. While the strategy has exhibited some results, its
progress has been marred by the existent social structure of Japan. </span></span></div>
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<span style="font-family: inherit;"><span lang="EN-GB">Abenomics also aimed to encourage first
time mothers’ return to their professional career after the birth of their
first child. Japanese authorities expected that they will be able to encourage
at least 55% first-time mothers to return to work after delivery. However, in
the absence of child support, this number has become impossible to achieve. Not
just that, in Japan women constantly fight with social constraints. They are
expected to take care of the home and adapt themselves to the traditional
gender duties. For women to be able to contribute wholly to the economy, the
attitude of people towards gender roles needs to change. </span></span></div>
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</span><div class="MsoNormal">
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<span style="font-family: inherit;"><span lang="EN-GB">However, Summers remains hopeful and feels
that increased female participation in the economy will only do good for Japan.
</span></span></div>
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</span><div class="MsoNormal">
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<span style="font-family: inherit;"><span lang="EN-GB">He says, “Increased female participation is
perhaps one of the best things about the Abenomics plan. It is important to
bear in mind that the country may not monetarily benefit from this strategy in
the short-run, but it will definitely act to their advantage in the long-run.
Japan's female workforce has been grossly underestimated. The women of Japan
hold the potential to push the country through these tough times."</span></span></div>
<span style="font-family: inherit;">
</span><div style="background: white; line-height: 14.7pt; margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="background: white; line-height: 14.7pt; margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: inherit;"><span style="background: white none repeat scroll 0% 0%; font-size: 11pt;">Since being privately founded</span><span style="font-size: 11pt;"> in
2003 by a group of Japan’s leading advisory and discretionary wealth managers,
Acom Alliance has allied both preferred and corporate clients in one direction,
successfully navigating being a full-service brokerage, wealth management and
private equity investor specializing on emerging market opportunities in the
region</span><span style="font-size: 11pt;">. </span></span></div>
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<span style="font-family: inherit;">
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<span style="font-family: inherit;"><span style="mso-bidi-font-weight: normal;"><span lang="EN-GB" style="background: white; letter-spacing: .55pt; mso-bidi-font-family: Arial;">Contact</span></span></span></div>
<span style="font-family: inherit;">
</span><div class="MsoNormal">
<a href="http://www.acomalliance.com/"><span style="font-family: inherit;"><span style="mso-bidi-font-weight: normal;"><span lang="EN-GB" style="background: white; letter-spacing: .55pt; mso-bidi-font-family: Arial;">www.acomalliance.com</span></span></span></a><span lang="EN-GB"></span></div>
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Acom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.comtag:blogger.com,1999:blog-2194801409013043793.post-65558586968660624142014-12-05T12:09:00.000-08:002016-06-13T12:09:47.383-07:00It's an open secret Japan's economy is witnessing a Fraudulent Gross Domestic Product type recession. <!--[if gte mso 9]><xml>
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<br />
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB"><br /></span><span lang="EN-GB">James Summers</span><b><span lang="EN-GB" style="color: #2f3338;"> </span></b><span lang="EN-GB">Co-Chief
Operating Officer of Acom</span><span lang="EN-GB"> Alliance, in Tokyo has this
to say: </span></span></span>
</div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB" style="color: red;">“</span><span lang="EN-GB">Governments
can create and reschedule economic growth - it's not the most difficult thing
to do. By introducing certain policies, governments can always reschedule
growth - that's exactly what Japanese authorities have done. The Gross Domestic
Production of an economy is a Keynesian creation which emphasizes on consumption.
Since Japan has been witnessing a slump in consumption, it appears that a
technical recession has emerged.”<span style="color: red;"></span></span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">Recently, the Japanese legislators
announced a 3 percent hike in Japan's consumption tax. </span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">James Summers continued: “To save
themselves from having to pay increased taxes, Japanese consumers rescheduled
their purchases. They did their purchasing ahead of the increase in the taxes. </span></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">This pushing of consumption led to an increase in growth. However, once the new
tax structure was put in place, the Japanese citizens withdrew from purchasing.
This led to the emergence of a false notion revolving around slow growth - this
false notion is being read as recession.”</span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB"><span> </span> </span></span></span></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">Keynesian economists are baffled by the
changes in purchasing power of Japanese citizens only because they are not
taking into account the role that the hiked taxes have played. </span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">Japan's dwindling economy has been
attracting the attention of economic pseudo-intellectuals from world-over who
have been putting their limited knowledge of Economics to understand the
decisions being taken by Japanese people every day. Their core approach is to
study GDP as the indicator and solution of all problems ailing some of the
world's biggest economies. These pundits are not willing to move beyond the
notion of export-led growth and register any other variables as indicative of
economic growth. </span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">Megan McArdle, the famous journalist and
blogger, recently claimed.<span style="color: red;"> </span>“Better policies will
not be able to save Japan from the recession. Japan is witnessing increased competition
among exporters and this combined with country's demographics will make all
policies pointless.” she says. </span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">McArdle is not the first one to be confused
by the concept of increased exports. Many economists, since long back, have
been studying increased global production and growing exports as a sign of
weakening growth. However, this is a flawed concept. As a matter of fact,
increased global production and increased exports are good for closed world
economies like Japan. </span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">What McArdle and those of her ilk miss is
the most important economic truth: things are produced to be consumed. Thus,
there is an invariable connection between export and import to export is to
import. When a country's exports increase, there is an automatic increase in
the imports as well. This happens because with an increase in growth, people's
gross income increases and hence, their purchasing power increases as well McArdle
and her colleagues easily ignore this important fact. </span></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">They, instead, choose to
believe that economies like China, which are registering an export-based
growth, is full of people who are incessantly working to increase exports
without worrying at all about their personal standard of living and that an
increase in export has not contributed to the increased growth. </span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span lang="EN-GB">Summers summarized by saying: “Export-based
growth and other such Keynesian enablers stand in stark contrast with the
reality. As a matter of fact, if you observe real life, these concepts begin to
appear unrealistic on their own. China is not an underdeveloped economy anymore
- its cities are populated with shops that import and sell products from around
the world, and its citizens are spending money to buy these products. The
purchasing power of its citizens has increased sharply in the last few years.
There was once a time when China and its people suffered - the conditions in
which Chinese lived were horrendous. However, more recently, in China, colonies
of homes and apartments have come up in every corner. The Chinese have been
able to afford such a high standard of living owing only to their increased
exports<b>.”</b></span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span style="background: white none repeat scroll 0% 0%; line-height: 115%;">About</span></span></span></div>
<span style="font-family: inherit;"><span style="font-size: small;">
</span></span><div class="MsoNormal">
<span style="font-family: inherit;"><span style="font-size: small;"><span style="background: white none repeat scroll 0% 0%; line-height: 115%;">Since being privately founded in 2003 by a group of
Japan’s leading advisory and discretionary wealth managers, Acom Alliance has
allied both preferred and corporate clients in one direction, successfully
navigating being a full-service brokerage, wealth management and private equity
investor specializing on emerging market opportunities in the region.</span><span style="line-height: 115%;"><br />
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Acom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.comtag:blogger.com,1999:blog-2194801409013043793.post-8844616502813856052013-12-20T12:06:00.000-08:002016-06-13T12:06:51.965-07:00Japanese Business Sentiments Appear Bullish<!--[if gte mso 9]><xml>
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<br />
<div class="MsoNormal">
<b><span lang="EN-GB"></span></b><span lang="EN-GB">The Bank of Japan conducts a quarterly
business confidence poll called the “Tankan Survey” which sheds light on the
status of the Japanese economy. The Bank declared recently that this is the
first time in almost two years that the Tankan Survey has exhibited some
positive signs. </span>
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">The big manufacturers' index also
registered a sharp growth between April and June and ascended to plus 4. This
is a big change from the previous quarter when it was minus 8. These are
positive signs that are reaffirming the faith of businessmen in the Japanese
economy. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">According to the survey, the large Japanese
manufacturers are now doing their bit to boost the economy. If the reports are
to be believed, large Japanese manufacturers are planning to expand their
capital spending in the present financial year and pump money into the system.
Financial analysts believe that this will most likely impact the economy in a
positive way. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">The Japanese government has also been
making visible efforts to stimulate the economy. They have adopted an
aggressive monetary policy to boost the economy. The government has recently
released a fiscal stimulus to push Japan's stagnant economy. Market analysts
and observers who have been keeping their eyes fixed on the Japanese economy
say that the Prime Minister Shinzo Abe's 'Abenomics' is finally beginning to
show some concrete results. However, it is too soon to draw firm conclusions. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">James Summer, Global Co-Chief Operating
Officer of Equities with Tokyo’s Acom Alliance, says," The Tankan survey
affirms the fact the business sentiments are turning positive in Japan. The
decline in the value of Yen and a steady economic recovery has won over the
faith of Japanese manufacturers. They look unaffected by the more recent market
turbulence and are willing to invest in the economy." </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">He further added," Japan is also
showing more positive signs. The industrial output has gone up. Even if only
mediocre, the net exports are also showing growth. With the imminent tax hike,
people will buy and hoard things which will lead to an increase in public
consumption. And alongside all of this, public works are expected to grow as
well. These economic signs combined with the positive results that the
'Abenomics' has yielded, has reaffirmed the faith of Japanese firms in their
economy. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">If Japanese businesses increase their investments, the Japanese
economy will come back on the right track sooner rather than later." </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">Yen has been supportive </span></div>
<div class="MsoNormal">
<span lang="EN-GB">Among the various measures that the
Japanese government took to pull the economy out of deflation, one was doubling
the inflation target. The Central Bank of Japan aims to achieve 2% inflation.
This may seem a little too ambitious, but given the present scenario, it is
certainly the right step to take. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">The economic crisis in Japan has prevailed
for over two decades now In fact, the country was struggling badly before Abe's
term. Not only has Japan been fighting with declining consumer prices,
deflation has also become a cause of concern. This is when most other countries
in the region are thriving well and making economic progress. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">The tax hike has led Japanese people to put
off their purchases until later. People are delaying their purchases in the
hope of getting better deals later. Not just that, the fear of an imminent
crisis, has forced them to save their money. This has directly affected Japan's
domestic consumption which has gone down considerably. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">However, the Bank of Japan (BoJ) has been
taking measures to improve the economy and fight people's fears. The BoJ
recently, doubled the country's money supply with an aim to counter deflation.
It has also lowered its interest rates. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">The BoJ believes that with more money going
into the system, Japanese businessmen and consumers will have extra money to
spend on commodities -- they will make purchases that they have been purposely
delaying. This will, in turn, lead to an increase in the demand of supplies.
Since demand and supplies are directly co-related, the BoJ is hoping that an
increase in demand will also lead to an increase in prices. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-GB">However, these recent measures taken by the
BoJ have had a direct effect on the Japanese currency. As a matter of fact,
since past November, the Yen has gone down by almost 25% against the Dollar.</span></div>
<div class="MsoNormal">
<span lang="EN-GB" style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Source: James Summer, Global Co-Chief
Operating Officer of Equities - Acom Alliance</span></div>
<div class="MsoNormal">
<span lang="EN-GB" style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Contact: <span style="background: white;">https://acomalliance.com</span></span></div>
<div class="MsoNormal">
<br /></div>
Acom Alliancehttp://www.blogger.com/profile/04591802451661270763noreply@blogger.com