Michael Avenatti, Stormy Daniels’ attorney, worked at a political opposition and media firm, The Research Group, which was run by Rahm Emanuel who was Barack Obama’s White House chief of staff. He also worked on Joe Biden’s U.S. Senate campaign. He is out to take down Trump for the Democrats. Avenatti has publicly stated that with Michael […]
Europe has just lost its mind over the Refugee Crisis because it reveals how the politicians have lied to the people. A Yazidi girl who was sold into slavery by the Islamic State managed to escape and fled to Germany. She was only 15 when her entire family was captured by Isis in northern Iraq […]
The world of politics is coming unglued today with Trump’s campaign chairman Manafort convicted on 8 felony counts. None of this really implicates Trump, but the real problem is with his former lawyer Michael Cohen who is pleading guilty on 8 felony counts directly implicating Trump in campaign violations. The Justice Department in New York City […]
Middle of summer and if you ever needed an excuse not to trade, today was probably it! Volumes were so poor they hardly registered a change in markets. Although the Nikkei started lower, it spent the rest of the day making its way back to positive. That is probably the good news as the close […]
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The collapse of the Morandi Bridge in Italy has prompted a serious dispute between Brussels and Italy. Italy is taking the position that the demand of Brussels to comply with austerity denies Italy the ability to even repair its infrastructure for its own people. When it asked previously for relief to deduct the cost of all the refugees, […]
QUESTION: Do you support the unilateral withdrawal of the US from the Iran deal? ANSWER: Iran has no intention of actually conforming with that agreement. But that is really a side issue. There is a significant displeasure with the religious government in Iran among its own people. No nation is ever 100% left or right. There […]
Japan was the outlier today after the majority produced a positive return. After an initial surge the Nikkei fell back into negative territory where it spent the rest of the day. Exporters, energy, base metals and banks fell victim to todays weakness and probably not helped by the Yen’s strength. In late US trading […]
The Turkish court has rejected the appeal to release Andrew Brunson, who is the alleged US pastor at the center of a dispute between Ankara and Washington. While he has been there for 23 years, his new Church of the Resurrection has existed for less than a year and it had only 25 members. From […]
Many people worry about over-indebtedness and point to a default of borrowers. It is interesting how the view of debt is always the low-life borrower. In reality, the real stupidity rests with the lender. Many are pointing to US corporate debt and stating that it has grown to an estimated US $ 7 trillion and they […]
