The Cologne Institute of German Business sees in the planned European deposit insurance is simply incapable of proving protection against a bank crash in Europe. The EU deposit guarantee is simply not practical under any concept of austerity. The Eurozone still has inherent significant risks in the balance sheets of European financial institutions. This is […]
Eurozone commercial banks will have to pay the European Central Bank 12% higher fees this year. The Eurozone banks must pay €474.8 million in fees for the supervisory services of the ECB. The cost of supervising the banks has risen to over €500 million and the ECB was to be paid. The ECB, on the one hand, […]
Obviously the focus of attention was always going to be on the US/China trade talks and so most of Asia closed mixed. Japan is still on holidays and not expected to reopen until Monday. Fears were certainly evident in Hong Kong, where the Hang Seng lost 1.3% today with losses from Energy, property, trade and […]
There is a major shift underway in the public sentiment that is underscoring why our computer has been forecasting the collapse in Marxist/Socialism. The message of the Democrats has been the same since the Great Depression – vote for us and we will rob those who have more and give it to you. When […]
A new technology is underway in the construction of the first robot cargo ship. This will be the first unmanned cargo ship to set sail. It is being constructed by Rolls-Royce. There is a catch. The international laws on shipping were set in place because of unions. As is, international shipping law states that ocean-going vessels […]
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QUESTION: You ignore that Trump will create a deficit of a trillion in one year with his tax cuts for the rich. What do you have to say about that one! HT ANSWER: So what? Obviously, you probably are a CNN watcher. They never said anything about Obama who created the first trillion deficit and […]
I have warned that one of the clever ways taxes are raised is by changing the definition of the rich. We can see that when FDR came into office, the definition of the rich became $5 million because he was planning to introduce the payroll tax and everyone had to pay. That was a […]
QUESTION: Will the Asian Report be exclusive to those who attend as was the case for Bangkok a couple years ago? It was also on TV back then and I think when you had dinner with 10 country financial ministers. Will you be doing that again out here? KRM ANSWER: Yes, the 2018 Asian Report […]
