A solid day for Asia with gains for all core markets of between +0.3% in the Nikkei and +0.9% for the Australian ASX. All sectors contributed to the broad gains with no single area playing a dominant role. In China, we saw better than expected PMI which provided the boast many markets were looking for. […]
US President Donald Trump may be a good businessman, but in politics, he just does not get it. Politics is all about ego and back-stabbing. It is not about logic and the art of the deal. After just ten days in the office, Trump’s communications chief, Anthony Scaramucci has been forced to resign. The Chief […]
The scandal at Volkswagen AG over the diesel which began on September 18th, 2015, when the United States Environmental Protection Agency (EPA) issued a notice of violation of the Clean Air Act to German automaker Volkswagen Group. The agency had found that Volkswagen had intentionally programmed turbocharged direct injection diesel engines to activate some emissions controls […]
A lot of people are using the issue that Facebook shut down its AI system when it began to create its own language as a short-cut in communication between two bots. Some are hailing Elon Musk as an “I told you so” prophet. But in all honesty, the Facebook AI is merely doing the very […]
The Democrats are realizing that recent polls show that only 37% of people believe that the Democratic Party stands for something while the rest think they just oppose Trump. The Washington Post carried the comments of Chuck Schumer who effectively blasted Hillary for blaming everyone from Comey to Russians and sending the country ever closer […]
Our European Tour this season has been very enlightening including meetings with politicians, corporations and many of the top banks. The concern centers around the ECB having to change policy with regard to negative interest rates. The net result has been to create massive hoarding of cash rather than spending cash for the sake of […]
In picturesque Australia, the Queensland police are proposing new laws that would allow them to turn your internet connected products into listening devices to spy on your conversations. Of course, they are claiming they need this legislation to fight terrorism. The extent of terrorism in Australia has been minimal at best and it has not […]
The NSA is also in bed with major corporations and the idea of defending the economy has turned into defending corporations. In the “Quadrennial Intelligence Community Review Final Report” published by the US Office of the Director of National Intelligence (DNI) in April 2009, the report recommended that the US intelligence services should put “a multi-pronged, […]
The European Commission is close to triggering Article 7 on Poland for refusing to accept refugees. Article 7 is called the “nuclear option” that denies a member the right to vote. The Commission is reported to be preparing infringement proceedings against Warsaw for breaching EU law over its plans to bring the judiciary under government […]
The Russian sanctions being pushed by Congress demonstrates the most unprofessional comprehension of how to manage an economy I have ever seen. These sanctions are effectively economic war and will find that Europe will be forced to side with Russia. This is all because of the press like CNN. To get ratings they are indeed […]
