Archive

Market Talk- December 5th, 2017

December 5, 2017

The final hours of the US trading session was a major concern for Asian trading this morning, which probably was not helped when the RBA (Reserve Bank Australia) left rates unchanged. This move certainly helped a bounce for the A$ but didn’t help stocks with the ASX closing down around -0.25%. The Hang Seng traded […]

BREXIT in Jeopardy?

December 5, 2017

The top story in Britain is the collapse of BREXIT negotiations thanks to the stupidity of Northern Ireland. If Northern Ireland wants to remain inside the EU, we already have Scotland saying they would want the same deal and the Mayor of London adds his two-pence to the issue think he will save the City […]

Supreme Court Upholds Trump’s Travel Ban

December 5, 2017

I have warned that all the protests against Trump’s Travel Ban were just politics. It was by no means discriminatory against Muslims, it was targeting the countries where terrorists come from. As I have said before, we employ people of every race and religion. We have no problem with our Muslim staff flying in from […]

Climate Change – Earthquakes Caused by Complex Cycles (Part I)

December 5, 2017

Several people have asked why I could not confirm or deny that the cause of earthquakes is the slowing down of the Earth’s rotation. As previously reported, this new theory was published in Geophysical Research Letters earlier this year by Roger Bilham of the University of Colorado and Rebecca Bendick of the University of Montana. The theory […]

Denmark Central Warns Next Financial Crisis is Coming

December 5, 2017

The Danish Central Bank has come out to warn that there is another financial crisis ahead. The central bank identified several indicators that point to growing risks from its analysis perspective. It is recommending that the banks in Denmark begin to raise their capital risk buffer. The primary concern centers on household credit where banks have lent […]

Bitcoin to be Declared a Financial Institution — Beware!

December 5, 2017

The risk with Bitcoin is that the government could simply change the definition of money. That is what they did to me back in 1980 because I was one of the three main market-makers in gold (perhaps the biggest). It was all a hunt for taxes, not concerning me but my clients. I have explained […]