A little overdue but today we heard from the Bank of Japan and possible proposals to take rates even further negative and the likelihood banks passing these levels on to end retail. The Nikkei obviously liked it rallying 1.2% on the day whilst the Yen weakened over 2%. Both the Shanghai and HSI had mixed […]
Tensions are starting to rise between Germany and the ECB because Draghi will not admit his negative interest rates are causing an economic meltdown. “We continue to expect them (interest rates) to remain at present or lower levels for an extended period of time, and well past the horizon of our net asset purchases.” Draghi is absolutely […]
Herbert Clark Hoover (1874 – 1964) was the 31st President of the United States (1929–33). He was elected on Tuesday, November 6, 1928, and took office in 1929. He was blamed for 1929 although he was not its cause. Whoever wins this year’s Presidential election will be blamed for what the establishment has caused. People […]
Another example how everything runs in cycles, this year will be the 17-year cycle when the cicadas make their appearance. It will be noisy for about a month, then they mate and die.
401K is a Private Retirement Fund under US Law QUESTION: Martin, I’m still fairly young, so I don’t have a lot saved in my retirement accounts yet, but I’ve been maxing out my IRA for the last few years to get the tax deduction. I worry because I’ve heard you and others talk about congress wanting […]
We will be providing the links to sign up and for the hotel rooms hopefully by the end of the day. We have a special price for the hotel which includes free transportation to Disney World for those bringing their families. Seating will be limited.
Hang Seng decided to join the Nikkei’s performance overnight with both indices returning a 2% gain for the day. Sadly, the Shanghai was unable to join the fun with that market eventually closing down -0.7%. Actually, that was a result as earlier in the day it had been down 4%. A large shortage of liquidity […]
