France is now preparing to use chemical weapons against its own citizens around Paris to counter-attack the Yellow Vest rioters as their anti-Macron protests continue after 5 weeks. This chemical is a debilitating powder that can be spread over an entire area of the size of six football fields in ten seconds. So far, the police have arrested […]
QUESTION: Hello, Since the Fed ‘created’ ‘money’ after 2008 that was then deposited back at the Fed by the recipient banks ( say,75% of it), it is not easy to see why the Fed is to blame for the credit explosion since 2008- nor for the very slow ( like a paralytic centipede) hike in Fed […]
I have been warning that raising taxes is DEFLATIONARY because you are reducing the net disposable income. Governments simply cannot get that through their head. In Romania where protests over political corruption have been unfolding, the government revealed its plan to try to comply with EU austerity raising they hope 10 billion lei ($2.5 billion US) […]
CLARIFICATION ON Charles Michel Prime Minister Charles Michel’s coalition collapsed because it signed the United Nations agreement that has become a cause celebre for anti-immigrant politicians. The document is known as the “Global Compact for Safe, Orderly and Regular Migration.” The U.S. and a number of other countries, most of them in central and eastern Europe, have […]
Everything is still on track for a pullback. The Dow Jones Industrial Average closed at a 14-month low on Thursday, the second consecutive day of sell-offs after the Federal Reserve announced its fourth widely-anticipated rate hike of the year. Interestingly, despite the fact that the rate hike was expected, the Fed’s revised outlook for a cooler […]
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The Federal Reserve raising the 25bp was pretty much expected throughout, with a few possible outlier exceptions. However, it was not really the hike that spooked markets, but that they had built-in so much belief that the no change in hiking rhetoric they was expecting. This is probably why markets are reacting so violently, as […]
QUESTION: Marty I read your daily newsletters as the only source of real news ‘out there’ Fascinated by the report that Canadians are discovering thickening ice cover How do I convince reporters for the much respected ‘Wired’ magazine and the Popular Mechanics website that their constant refrain of ice melts, rising sea levels et al is […]
The European refugee issue just will not go away no matter how hard the politicians try to cover-up their mistakes. Now Charles Michel, the Belgian Prime Minister, resigned on Tuesday after his government collapsed in the face of opposition to his signing of a UN migration pact. Michel found himself abandoned after he lost the support of […]
