Since the beginning of the year, the Turkish currency has lost more than a third of its value against the dollar. As the currency declines, imports rise in cost since they are denominated in foreign currency. This adds to the inflation problem domestically. Among other things, the sharp criticism of Erdoğan in the markets has cast doubt on the independence […]
Asia traded reasonably well following the US volatility, with core China indices closing over 1% higher following encouraging Trade headlines. Talk is that discussions between the two are progressing – or even that they are communicating! However, the main topic happened later in early London trading so lets just jumped ahead to todays hot topic […]
The British pound has dropped 1% today and is trading in the mid 127 level. The rumor running around the City (the financial sector in London) is that Prime Minister May has called an emergency press conference and she will resign handing power to Michael Grove. However, it may be more likely that Grove has […]
CNN has filed suit over Trump banning Acosta from the White House claiming they have a First Amendment right. Trump says CNN’s Jim Acosta is ‘bad for the country’ and was ‘very rude’ to a female intern during microphone clash as White House argues in court that ‘no journalist has a First Amendment right to enter’. Actually, […]
The draft deal of Prime Minister May smells really bad. It is clear that politicians are clueless about trade and the U.K. remaining within the (EU) customs union forever is really going to economically tie Britain to the EU without a right to even vote. What they do not get is that trade in the EU is not negotiated […]
Attorney Michael Avenatti, who became famous for representing Stormy Daniels in her defamation lawsuit against President Donald Trump, and has brought other women to testify in the Supreme Court hearings, was arrested for suspected domestic violence on Wednesday, according to the Los Angeles Police Department. The police have confirmed the arrest but state it is […]
Only two of the core Asian indices opened better this morning and even they backed into negative territory. The Nikkei and the SENSEX were the two, but both were back in the red within the hour. Nerves, poor data, sentiment, lack of investment and the US volatility are all reasons being provided for the negativity […]
“We see a cooling trend,” Martin Mlynczak of NASA’s Langley Research Center said in late September. “High above Earth’s surface, near the edge of space, our atmosphere is losing heat energy. If current trends continue, it could soon set a Space Age record for cold.” … …. Ron Turner a Senior Science Advisor to NASA’s Innovative […]
COMMENT: Mr. Armstrong; I came across this guy Richard Lindzen and it struck me he was asking people the same question about the Second Law of Thermodynamics. He concluded that very few people who appear to be scientists or educated can even answer the question but still profound to be experts on Global Warming. It is […]
Part of the War Cycle we have been warning about since it turned upward in 2014, is not merely international tensions between nation-states. This particular uptick is the convergence of two cycle – (1) the international tension, and (2) the civil unrest. I previous warned that because the civil unrest would turn up, this should […]
