Market Talk – May 3, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai closed Hang Seng increased 268.79 points or 1.48% to 18,475.92 ASX 200 increased 42.00 [...]
Ruth Bader Ginsburg has Contracted Pneumonia
Ruth Bader Ginsburg, while fighting cancer, has now contracted Pneumonia and is fighting for her life. From a purely cyclical perspective, there should be another appointment this year to the Supreme Court. Even on an average basis, since 1789 there have been 114 judges up to Brett Kavanaugh. That means at the very latest the next appointment would be in 2020. Ginsburg will fight til her last breath to try to deny Trump another appointment. That does not look to be plausible. She is 86 this year.
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Palestinian Refugees Heading to America
To the surprise of none, President Joe Biden is considering allowing Palestinians to seek refuge in America. Technically, they could already come here; anyone and everyone could come here, as [...]
The UK Will Deport Migrants to Rwanda
Prime Minister Rishi Sunak finally has the power to bypass the European Union courts and tackle the UK’s migrant crisis. About 1,843 illegal immigrants crossed into the UK in 2019, [...]
US Home Prices Nearing All-Time Highs
Home prices in the US are near all-time highs. As I repeatedly stated, we can no longer look at real estate on the national level. Demand and value are contained [...]
