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Market Talk May 5th, 2016

May 5, 2016

A relatively quiet night in Asia with China PMI (51.8%) marginally under the April  52.2% reading. Although this had a short-term influence just ahead of lunch but it really did not alter the bounce and we closed the session marginally better. Hang Seng however, was lower on the day closing down 0.37%, which actually was not a bad […]

Euro Collapsing thanks to Another Brain-Dead EU Proposal

May 5, 2016

Merkel’s failed refugee policy is destroying the fabric of Europe and raising international concerns that Europeans may need visas because she has introduce the prospect of ISIS using Europe as a stepping stone to get into the USA. Now, Merkel’s policy is forcing other countries to take refugees. The European Commission now wants to compel […]

WEC Full Session

May 5, 2016

A number of people have been buying tickets to all three sessions of the 2016 World Economic Conferences. We did not have a payment option for that possibility. We have now created that function and processed a $500 refund to those who bought all the packages. This will include the Institutional dinner and the cocktail […]

Why the Quantity of Money Theory is DEAD Wrong

May 5, 2016

COMMENT: Bill Gross says you are wrong and helicopter money is coming and the Fed should print trillions to buy government bonds. Any comments? REPLY:Gross is not making a forecast without self-interest. Gross’ “helicopter money” calls for the Federal Reserve and U.S. Treasury to engage in another round of quantitative easing (QE) by printing trillions of […]

13-Year-Old Child Accused of Possessing a Counterfeit Note in School

May 5, 2016

A Houston school called the police after a little girl tried to buy her lunch with what was assumed to be a counterfeit bill. The teacher assumed it was counterfeit because she had never seen a $2 bill. The officer who arrived at the scene apparently was unfamiliar with the $2 bill as well and questioned the girl’s […]

California “Locked & Loaded” Ready for the Big One?

May 5, 2016

The LA Times is reporting that scientists are now coming out and saying that the San Andreas Fault System is “locked and loaded” ready for the big one. The last “big one” was 1857. Effectively, the north portion moves about 16 feet ANNUALLY. The southern portion is locked and has not moved to catch up. […]