Asia followed the bullish tone provided by the Federal Reserve with a gap higher opening of around 1%. Mainland China and Hang Seng managed to build upon this enthusiasm, eventually closing up almost 2.5% each. The same could not be said of Japan when the Nikkei had problems holding the 17k psychological level. Tomorrow being […]
Janet Yellen signaled that the Fed is grappling with the problem I have been warning about: the dollar has become the de facto currency and the Fed is indeed becoming the world’s central bank. Yellen has admitted that everyone is lobbying the Fed to surrender its domestic policy objectives for international ones. This is precisely […]
The outraged voters in Arizona are just another example of the growing feelings of anger toward government. One citizen captured it best after yelling at the corrupt politicians who rigged the election to ensure Hillary would win. “The corruption has become so prevalent that you became comfortable, and you became so comfortable that you became […]
Those in power who have something to lose always follow the same pattern of attacks. They are using the very same tactics against Trump and Farage of portraying them as racists because both are against immigration — but they are really against the establishment. When I was in London, I bumped into the very same […]
Most markets were undecided on which way to play ahead of today’s main event, and so moves were light and limited. Asia saw all core indices tussle between black and red, and with the exception of China all closed pretty much unchanged. Shanghai closed down 1.3% but that was after a late recovery rally at the […]
