Many expect Mr. Jerome H. Powell to be President Trump pick for Fed Chairman. Trump is resisting pressure by conservatives to make a larger change at the Fed. Many conservatives, including Vice President Mike Pence, preferred John B. Taylor, who is an economist at Stanford and an outspoken critic of the Fed’s monetary policy. Taylor previously […]
The Alternative for Germany party (AfD) in Germany has asked the Federal Government to file a lawsuit against all decisions of European Central Bank (ECB) regarding the purchase of government bonds and corporate bonds as well as derivatives since 2015. They are petitioning to file in the European Court of Justice asserting that the policies of the […]
I have written about the abuse of Civil Asset Forfeiture laws in the United States, which have mimicked now in Europe. Police are no longer used to protect society, but to target and harass society to raise money for the politicians. It is a shame that Trump has never been pulled over by the police. He […]
At the peak of the Economic Confidence Model 1878.15 (February 24th), the Public Wave before the Private Wave that peaked in 1929, technology was frightening people. The NY Times editorial came out about one month from the ECM turning point on March 25th, 1878 against this horrible person by the name of Thomas Edison. What did they think […]
We opened the first day of the month with a strong Asian session with indices up nearly 2%. In Japan, the Nikkei added 1.85% with a weaker Yen, associated energy stock comfort and helped by a huge earnings expectations from Sony (+11%). The Yen is now comfortably into the 114 handle and will now be talked […]
There are many in Spain who just outright disagree with any right of Catalonia to be independent. History, culture, language, nothing really matters. Some have said it is the Spanish Constitution and all of Spain should vote to let Catalonia leave or stay. All of that said if Madrid had just allowed a fair referendum […]
The Spanish Police have invaded Catalonia and the rigged high court of Spain nullifies its independence. It really is astonishing when you compare these actions to Russia and Crimea. The world sanctions Russia for doing the same in Crimea. In Crimea, the population were Russian speaking and not Ukrainian because that area had previously been […]
The Prime Minister Bjarni Benediktsson’s Independence Party won the most votes in the Iceland election but he saw his party’s support eroded as voters turned to smaller parties in protest. This leaves the country in a position of uncertainty as the election has opened the door to power for the nation’s charismatic and very attractive left-wing leader, […]
A slow but steady day in Asian equity markets, but happy in the knowledge that the BOJ left almost everything unchanged. The Nikkei closed almost unchanged but has set an impressive two month rally. At above 22k the index closes at a 21 year high, but after the weak opening it took all day to […]
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