Viral Spiral CONTINUES #BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco

Viral spiral #BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco 

 JAN 15 2016

 

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Bank of Montreal 

http://www.bloomberg.com/quote/BMO:US

+ Watchlist  BMO:US New York

            48.79  USD

-2.03

-3.99%

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 Bank of Montreal  Toronto

http://www.bloomberg.com/quote/BMO:CN

BMO:CN Toronto  

70.85 CAD

-2.20

-3.01% 

.................................................

 

 

Viral spiral #BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco

Viral spiral #BMO  STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco

$72.00       http://quotes.wsj.com/CA/BMO

and

$50.19     see yourself http://www.nasdaq.com/symbol/bmo

USD

see Chart..

Viral spiral #BMO $59.19 STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco

BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco

#BMO $59.19

Bank of Montreal

(U.S.) $50.19

0.00 0.00%

10.877

32.25B

Updated January 13 4:01 PM EST. Delayed by at least 15 minutes.

 

Bank of Montreal NYSE: BMO

Last (U.S.) $50.19  Today's change0.00 0.00%

Updated January 13 4:01 PM EST. Delayed by at least 15 minutes.

Five Day Performance

January 13 4:01 PM  EST.

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Bank of Montreal closed at (U.S.)$50.19.

Over the last five days, shares have lost 5.64% and sit 4.19% above their 52-week low. This security has underperformed the S&P 500 by 14.87% during the last year.

Key company metrics

• Open(U.S.) $52.25
• Previous close(U.S.) $50.19
• High(U.S.) $52.46
• Low(U.S.) $50.18
• Bid / Ask-- / --
• YTD % change-11.04%

• Volume1,074,863
• Average volume (10-day)763,033
• Average volume (1-month)771,390
• Average volume (3-month)681,613
• 52-week range(U.S.) $48.17 to (U.S.) $67.01
• Beta0.98

• Trailing P/E10.88×
• P/E 1 year forwardNegative, not meaningful
• Forward PEGNegative, not meaningful
• Indicated annual dividend$3.36
• Dividend yield4.53%
• Trailing EPS(U.S.) $4.61

Updated January 13 4:01 PM EST. Delayed by at least 15 minutes.

Key company metrics

• Open(U.S.) $52.25
• Previous close(U.S.) $50.19
• High(U.S.) $52.46
• Low(U.S.) $50.18

BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco

BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco                                                                  13528

BMO:US     http://www.bloomberg.com/quote/BMO:US

New York                       

  

 52.15

USD

   1.04      

1.96%

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BMO:CN   http://www.bloomberg.com/quote/BMO:CN

Toronto

 73.52

CAD

   1.40      

1.87%

                                                               JANUARY 7,2016

Black Wednesday (BBC 1997) China’s Currency Chaos—Everything Is Connected

SEE the ORIGINAL REPORT http://www.theepochtimes.com/n3/1934842-chinas-currency-chaos-everything-is-connected/

China is probably looking forward to the new year. A fresh start on Feb. 8, putting all the currency chaos behind.

This may well remain wishful thinking, as events are going from bad to worse—and Jan. 6 is no exception.

The Chinese yuan fell 0.6 percent—this is a lot for a big currency—to 6.55, the lowest level since March 2011. Traders dumped the yuan after China’s central bank fixed its value 0.22 percent lower, another official devaluation.

China first devalued the yuan in August of 2015 and then intervened with great force in the market to keep its value relatively stable, spending $255 billion of its foreign currency reserves by the end of November.

China’s foreign exchange reserves as of Nov. 30, 2015. (Bloomberg)

After the International Monetary Fund included China in its basket of reserve currencies in November as well, Beijing reduced the reserve burn and let the currency drift down gradually.

Beijing also gave the market a fair warning, as it said it would index the value of the yuan against a basket of currencies, not just the U.S. dollar.

The yuan’s value in U.S. dollars dropped in 2015, but it rose against the trade-weighted basket. This gives Beijing justification to further devalue against the dollar.

(Capital Economics)

“China is going to have to dramatically devalue its currency,” Kyle Bass, principal at Hayman Capital Management LLC., told Wall Street Week. He thinks the devaluation could be as much as 20 percent.

So investors took heed and are getting out of the yuan as fast as they can. After all, why stick around to lose money in a falling currency. The problem: This herd behavior leads to, you guess it, a falling yuan.

And while Chinese regulators can stop them from wantonly selling the mainland currency (CNY) because of capital controls, nobody is stopping them from selling the freely traded offshore yuan (CNH), mostly traded in Hong Kong

READ about China’s two different currencies here

The CNH dropped 1.1 percent against the dollar, trading as low as 6.70, the lowest since September 2010. The spread between the mainland and the offshore currency also widened to a record 2.5 percent.

Capital Outflows

Behind the move in the currencies is the tectonic shift in capital flows. Up until 2014, China attracted capital, driving the exchange up. Now capital is moving out, driving the exchange rate down.

“You’ve gone from a period which you had this one-way bet—the currency was going to appreciate, capital inflows—to the reverse. Having a period in which your own residents want to diversify into something else,” says Harvard professor Carmen Reinhart.

She thinks China is facing “a significant internal debt crisis,” which is why domestic citizens and international investors are moving their money out.

READ Carmen Reinhart on China’s Debt Crisis

“You do have a shift in capital flows and in fact, that shift has also accelerated purchases of real estate in London, in Boston, in New York. You see that it’s not just Treasurys. We see that from China and we see that from Russia,” she says.

Bloomberg estimates as much as $367 billion of capital left China in last three months of 2015. Epoch Times previously estimated capital outflows of $850 billion in the first nine months of 2015, so the total could be more than $1.2 trillion, the same as Societe Generale’s worst case estimate.

China’s big trade surplus is the reason it didn’t have to sell more foreign exchange reserves to keep the currency from collapsing.

Why Devalue

There is nothing China can do against the capital flows per se, expect for completely reforming its economy.

It can intervene in the markets by selling its foreign currency reserves to stop the exchange rate from collapsing. For the onshore yuan, it can also enforce capital controls more strictly, which it has done, but that goes against the promised reforms.

However, given only bad choices, managing a gradual devaluation in the offshore and onshore yuan is actually the best of the worst.

Past currency crises, like the British pound devaluation in 1992, the Asian financial crisis in 1997, and the recent Ruble crash, show the value of the currencies will always drop to its equilibrium level—no matter how much a country spends intervening in the market.




So if the currency has to drop, China can at least keep its large stash of foreign currency reserves, although cynics may then ask what good are they for after all.

“The foreign exchange reserves are just that: they are foreign. They are not renminbi [RMB]; they are not money that can be brought to bear domestically,” says Fraser Howie, author of “Red Capitalism.”

A lower currency on the other hand will support the country’s export sector, which, thanks to rising land and labor costs, is not as competitive as it used to be. Kyle Bass thinks a devaluation will help China “come back to some level of competitiveness with the rest of the world.”

It needs to compete not to generate growth, as many think. Although the Beijing Academy of Sciences just estimated GDP will only grow 6.7 percent in 2016 (below the official target of 7 percent)—it is employment and public sentiment that matters most to the regime.

The export sector still contributes around 10 percent to total employment.

Gordon Chang, author of “The Coming Collapse of China” says: “Where you have people just sick and fed up, especially when the system is no longer delivering prosperity. When you have real serious economic problems, I think people are going to say, ‘I’ve had enough.'”

Until then, the yuan has a lot further to drop.

BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco

BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco


                       JANUARY 6 2016

 

DECEMBER 13 2015

 

 

 

SEE THE GRAPHs  click on Click below

 

 BMO:USNew York  53.19USD     http://www.bloomberg.com/quote/BMO:US

 

 

BMO:CNToronto  74.92CAD   http://www.bloomberg.com/quote/BMO:CN

*** Thank You Faithful Followers, 2015 was a tremendous year...2016 promises to be revealing and exposing ... BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco

                Stay tuned  "Because it's 2016"        13365


BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco


TOP 10 Reason why #BMO Stock is going Down Down Down

#10 and #9 were revealed in 2014


#10   2014  #10   Oil and gas companies form important part of banks' investment and  corporate services client base

#9      2014  # 9 a factor in how BMO assesses the suitability of their clients.

#8      2015  BMO should have stuck to banking and more revelations to come Simon A Fish Letter and BMO MEMO

#7      2015  COMPETITION on Canadian Market MARCH 2015
======================
Yet to be revealed
 
#6      2016 ???

#5      2016   BUSH BACK and  Management turmoil..

#4     2016 ????

#3   2016-17   by  now it should be quite self evident to all

#2   2017

#1   2017 July 1 was my prevision  accomplished

BMO STOCKS TIME TO #MoveMyMoney #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #BMOfiasco

   #Christians #ForTherecord #BMO #TWU #Money #Investing #Finance #Mortgage #MoveMyMoney #BMOfiasco

SEE MY BLOG Titles Archive
 http://theproverbialfixisin.blogspot.ca/2015/12/before-last-post-for-2015-blog-archive.html