Bank Runs in Turkey
July 15, 2016COMMENT: Hi Marty, I am in line with folks emptying ATMs in Turkey during a military coup attempt. I can keep you updated. CI REPLY: Human Nature is the same all over the world
Archive
Military Coup Unfolding in Turkey
July 15, 2016There is a military coup attempt to seize power from Erdogan, who may be the most unpopular head of state ever to hold office. Low flying jets and gunfire have been taking place in Ankara and bridges across Bosphorus in Istanbul are closed. We are hearing reports from clients there in Turkey.
Britain’s Chancellor of the Exchequer Revolts Against Merkel & Draghi
July 15, 2016The new British Finance Minister Philip Hammond was appointed as Chancellor of the Exchequer on July 13, 2016. Hammond is a welcome relief and has come out openly to question the policies of Draghi and Merkel. “The markets need calming signals. You need to know that we will do everything necessary to keep on track the […]
May Becomes PM in Britain & Boris Becomes Foreign Secretary
July 15, 2016Theresa May became the new Prime Minister of Britain on Wednesday and formally met with the Queen to ask permission to lead her government. May is now embracing BREXIT as such members are dominating her cabinet and on top of that, May made the main Brexit campaigner Boris Johnson her foreign secretary. May is positioning […]
Lynch is Clearly Compromised by Comey
July 15, 2016What is beginning to surface is that there has been a rift between Comey and the Obama Administration. Lynch is refusing to answer any question into Hillary’s emails before the House Judicial Committee. She claims it would be “inappropriate” for her to answer and tells them to talk to Comey. She said, “As attorney general, […]
Market Talk – July 14th, 2016
July 15, 2016Asia resumed its charge with a strong open in the Nikkei and never really looked back from there. Throughout the day the Nikkei made steady progress finally closing +1%. Hang Seng was also strong closing over 1% higher on the day. Shanghai was the lag index for the core closing down 0.2% but was off […]
Nice Terror Attack Threatens European Uprising
July 15, 2016Just the other day, Patrick Calvar, head of the General Directorate for Internal Security (DGSI), France’s equivalent of MI5 or the CIA, warned that in the aftermath of last year’s terrorist attacks on Paris, any further Islamic attacks might lead to a new French civil war. The total French population is 63.9 million people of which almost 10% […]
