Market Update (20 januari 2015)

Kredietcrisis

‘Belast inkomen tot een ton met 35 procent’ (NU)

Welcome to ‘Normal’ Crude Oil Price, Trading at 100-Year Average (Bloomberg)

IMF downgrades global growth forecast (BBC)

China remains largest foreign holder of US bonds: Treasury (BRICS Post)

Nout Wellink: ‘Als Draghi slaagt, daalt koopkracht’ (DFT)

The Impact of Government Spending on Economic Growth (Heritage)

Valutacrisis

Central Bank Estimates Russia’s Foreign Debt Down to $600 Billion for 2014 (Sputnik News)

Russian Central Bank voids Standard & Poor’s, Moody’s, Fitch ratings (Russia Today)

INTERVIEW-Russian central banker sees no need for capital controls (Reuters)

Hedge Fund Manager Who Remembers 1998 Rout Says Prepare for Pain (Bloomberg)

Denmark Says It Has Tools to Defend Peg After Surprise Cut (Bloomberg)

Merkel downplays impact of ECB bond move, ally warns against it (Reuters)

ECB to announce 600 billion euro QE program on Thursday: traders (Reuters)

Interest Rate Reduction (Danmarks Nationalbank)

Switzerland may be preparing for the end of the euro (Breitbart)

Geopolitiek

Trolling Russia (Vineyardsaker)

U.S. Won’t Intervene in Oil Market (Bloomberg)

Saudis worried about image of their country after beheading video (Gulfnews)

BRICS

Russia and Iran defense ministers to have talks in Tehran (Itar-Tass)

Goud

Comments re Bundesbank´s announcement of 2014 gold repatriations to Germany (120 tonnes) (Goldseitenblog)

Interconnections: the themes and factors that drive gold (World Gold Council)

Most money pumped into gold ETFs since October 2012 (Mining)

Grafiek/Cartoon van de dag

Kosten van levensonderhoud in verschillende delen van de wereld (via Businessinsider)

Ook in China zit geleend geld in aandelen, de zogeheten ‘margin debt’ is nog hoger dan in de VS (via @vikramreuters)

Het IMF heeft haar verwachtingen voor de groei van de wereldeconomie verlaagd. Dat doen ze al jaren…