Wall Streets euphoria spilled-over into Asia with many markets making gains. The one outsider today was the SENSEX which closed marginally lower -0.2%, breaking its recent winning streak. We continue to see the INR trade weaker against the dollar and now is heading for levels not seen since late September 2017. The majority of the […]
While the majority keep bashing the Federal Reserve, other central banks seem to escape any criticism. The European Central Bank under Mario Draghi has engaged in what history will call the Great Monetary Experiment of the 21st Century – the daring experiment of negative interest rates. A look behind the scenes reveals that this experiment has […]
When governments attempt to persuade the people to their side, the rhetoric becomes so blatant it is stunning that the majority of people just believe what they are told. The typical tactic is always to paint your enemy as some “monster” as Trump just called Assad. You must always demean an opponent and the simple fact […]
There has been no president in history that the media has engaged in an all-out war to drive him from office than Trump. They have cheered every possible innuendo to undermine absolutely everything he has tried to do even things they would have supported under Obama like invading Syria. The bureaucracy is doing everything it can to […]
Again we saw Chinese equity markets suffer even after the better than forecast trade data. The 6.8% release was better than the 6.7% expected but, because March slowed compared to Jan and February this hit confidence in afternoon trading. The morning session had seen positive prints but could not hold the prices in late trading. […]
The Atlantic current is slowing down dramatically. A team of scientists says it is the weakest in 1600 years. Naturally, they attribute it to humans who are driving their cars and heating their homes which is melting the ice in Greenland and that is fresh water which is lighter than seawater. They are predicting, of course, it […]
The Most Profitable Canal of the 19th Century Today is a Tourist Cruise Besides the speculative bubble that resulted in the Panic of 1825 involving the imaginary country of Poyais, when such a bubble unfolds, there is often a contagion. The events that led to the Panic of 1825 also resulted in the Canal Bubble, […]
The Global Market Watch (GMW) is PURELY an alert system. It is not intended to be a trading tool. It is simply an alert to allow you to see the entire world collectively and is only a pattern recognition model EXCLUSIVELY The last entry is dynamic and it will change during the course of that period (weekly […]
The main talking point in Asian trade today was the Hong Kong Dollar seeing another test of its upper band (7.85). The currency has been pegged between 7.75 and 7.85 since 1983 and has remained within that range since 1985. Today was the fifth time in three trading days that the HKMA (Hong Kong Monetary […]
I have been warning for years at the World Economic Conferences that interest expenditures will reach the point that they will crowd out everything else. Well at last, as we enter 2019 and the War Cycle heats up, interest expenditures will now EXCEED even military spending. Welcome to the SOVEREIGN DEBT CRISIS. I have also […]
