The FED was blamed for stopping yesterdays US rally in equities and has had a similar effect in Asia. Jerome Powell commented that they are a long way from neutral and that hit the long end of the Treasury curve. The ADP was probably enough to indicate economic strength, but then Jerome Powell light the […]
QUESTION: As an avid reader of your daily BLOG, I’m well aware of the attempt to abolish cash, potential freezing of bank accounts, years of negative or near zero interest rates and “helicopter money” from the government are all likely scenarios in the near to distant future. Without compromising any of your business or proprietary agreements, […]
The Nikkei retreated from its recent highs in cash terms, but is late this evening retaking those losses. The concerns surround the auto and petrochemical industries, but the poor auto sales number certainly did not help key stocks today as Honda dropped 4.3% and Mitsubishi Motors down 3.4%, while Showa Denko fell 5.2%. However, many […]
QUESTION: I was told that Michael the Arc Angel was fashioned after Victory. Is that true? ANSWER: Well it is hard to say that he specifically was fashioned after the ancient image of Victory, which goes back to Greek times – pre-Roman. There is the Greek statue in the Louvre of Victory or Nike standing on […]
COMMENT: Thanks for commenting on this! I was watching the proceedings and to me the circus on Capitol Hill only made sense to those who are too deep into American politics to see the big picture. I’m not from the USA, luckily. From the outside, it looks like infighting. What it looks like is the seat […]
Shanghai remains closed but the Hang Seng reopened after its public holidays to a negative mood. The trend remained the same for the day, as bid after bid was hit to close down 2.38% on the day. The news that US Defence Secretary James Mattis proposed visit to China had been cancelled, escalated the rumours […]
We have to come to the reality that from 2019 onward, we are headed into a Pension Crisis that will be serious. Many are starting to yell about the debt crisis. They lump on private debt and yell its a bubble. What they miss entirely is the fact that we face more than a decade […]
QUESTION: You once mentioned that Guantanamo Bay was a violation of human rights and Obama had pledged to close it when he ran for office the first time. Yet it is still open. Why is America acting in a manner it condemns others? FG ANSWER: The Guantanamo Bay detention camp is a United States military prison […]
The refreshing news that the US and Canada had reached an agreement, that would replace NAFTA, encouraged markets across the world today. Starting in Asia the Nikkei managed to add +0.5% even as Confidence (a Bank of Japan statistic) declined yet again. However, the Nikkei rally was at the expense of the Yen, which late […]
Many people have initially said that the far-right Alternative for Germany (AfD) party would never rise. The AFD has now has risen to the second highest party in Germany. It is truly astonishing that people just never look at history. I have received many emails from Germany asking how could I have forecast that they […]
