24 August 2015China has been a major contributor to economic growth and low global inflation for more than two decades.
But tonight, investors around the globe are catching their breath after one of the worst day’s trading in many years. They’re now pondering whether today marks the start of a new and alarming phase of the crisis which began some eight years ago.
Mohamed El-Erian, former CEO of Pimco, believes today’s rout has sunk any prospect of US interest rates being raised next month. But he doesn’t believe we’re heading into a major crisis.
El-Erian told Bloomberg TV tonight:
I believe the USA's people have been smarter than other countries by creating a buffer to Wall Street turmoil with emphasis on local economies and quality of life.
The biggest loser today is an Indian rice merchandiser. It's value lost 60 percent.
Amira Nature Foods, Ltd.(click here)
Our endeavour is to build relationships that bond people and cultures across the world through the Common Language of Food. This is the power of “Food Connect”.
As the world shrinks, and becomes a village, food becomes a universal language and connection as we connect with consumers, farmers and communities, and reinvent AMIRA into a power brand, we ask ourselves what are the key beliefs that we will hold on to, and never ever compromise on? – I believe that for us today and tomorrow are essentially driven by passion and I call it “Passion for Purity.”
“Passion for Purity”is not just a slogan. It is a business imperative....
The biggest winner today is? Guess, go ahead. Guess. Gold. The stock price was up 33 percent.
Gold Fields Limited (Gold Fields) (click here) is a producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa. The Company in Australia operates four mines that include St Ives, an operation consisting of a mix of owner mined open pit and underground operations; Agnew/Lawlers, a mine located in the Norseman-Wiluna Greenstone Belt; Granny Smith, a mine located within the Yilgarn Craton, and Darlot, a mine located in the Eastern Goldfields Province of the Yilgarn Craton....
The second place loser is an American company that has been around a long time. The reason this had nearly a 48 percent drop in stock prices is because of fires in the USA northwest. This stock has been impacted because of human induced global warming.
Rayonier Advanced Materials Inc., (click here) with approximately 675,000 metric tons of cellulose specialties capacity and nearly double the sales of the next largest competitor, is the global leader in the production of cellulose specialties. Cellulose specialties are natural polymers, used as raw materials to manufacture a broad range of consumer-oriented products such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints and lacquers....
This company's primary source of tree pulp used in their manufactured materials, primarily rayon, is the USA northwest. The primary raw material is burning to the ground. They have recently looked at forests in the US southeast. If the company hasn't already secured those new acres the price has gone up as of today. This company is deeply effected by the climate crisis.
Guess what is the next biggest winner today? Go ahead guess. It's okay. Your right.
AngloGold Ashanti Limited (AngloGold Ashanti) (click here) is a gold mining and exploration company. The company works across the spectrum of the mining value chain. The Company also produces silver, uranium and sulfuric acid as by-products. It has approximately 20 operations located in 10 countries. The Company operates in four segments: South Africa, which includes operations and assets in West Wits, Vaal River and surface operations, which includes First Uranium SA which owns Mine Waste Solutions (MWS); Continental Africa, which includes operations in the DRC, Ghana, Guinea, Mali and Tanzania; Australasia, which comprises two operations in Australia, and Americas, which includes operations in Argentina, Brazil and the United States.
This link (click here) is to Barrons as of August 21, 2015, which was Friday..
All figures reflect activity for the most recent five-day trading week. Only issues that have weekly volume greater than 2,000 shares and a previous week closing price of $2 or higher are included.
That is what is occurring with Wall Street. The climate crisis is a huge mover to a stocks outcomes. This adjustment can be interesting to realize how REALITY plays into stock increases and losses. The local economy of the USA will survive and thrive. The American people took on the task of protecting from Wall Street gross negligence of insight. We did well. I proud of everyone. Steady as we go and god help the politician that votes for trade agreements with provisions to destroy our local economies.