The British Serious Fraud Office (SFO) has brought charges against Barclays and four former executives surrounding the Qatari investment during the 2008 financial crisis. You may remember at the time Lloyds and RBS were offered UK government support with certain strict conditions attached. However, Barclays declined the government’s offer and instead turned to Qatar which eventually became […]
With so much on the horizon we saw a mixed session out of Asia today. The one key topic all markets makers were looking at was whether China A-Shares would make the MSCI index have missed it for the past few years. Although it will bring added international attention, China’s recent efforts appear more focused […]
This has been the MOST HATED BULL MARKET in history. What is fascinating is how long this current bull market has been in play yet all we hear is how it is going to collapse like 1929 and fall to dust on the floor. I have been asked for interviews because they have been unable […]
Putin made a joke that was on point. He said that since the former FBI Director James Comey, secretly made notes of his conversation with US President Donald Trump because he did not trust him, that does not differ from Edward Snowden who did not trust Clapper. I would trust Clapper with anything, personally. Therefore, Putin said […]
McCain’s hatred of Putin is beyond description. He would love nothing more than to start World War III with someone. Since war today would result in the deaths of countless millions, the best solution is we put just the leaders in a boxing cage match and let them fight it out. McCain wants to be […]
John McCain wants new sanctions against Russia and it is these politicians who are the greatest threat to the world economy. Imposing such sanctions will only backfire for the damage is to European companies, rarely American. McCain is always out to create war for personal retribution for being turned into Vietnam’s version of Tokyo Rose. […]
A positive start to the week for Asia with all core bourses returning strong one day gains. Hang Seng produced the best close (+1.2%) reflecting much of the closing numbers from the late Friday rally, China core Shanghai closed +0.7% firmer. SENSEX another strong day closing +0.8% higher. Chinese domestic data for New Home Prices […]
The European Commission President JEAN-CLAUDE Juncker, has come out and boldly stated that Poland and Hungary and their refusal to take in a single refugee person under a plan agreed in 2015 to relocate 160,000 asylum-seekers from Italy and Greece, said: “Those who do not want to accept people with a different skin colour or a different belief […]
COMMENT: I found your comment on public education fascinating. Has it been a tool for centuries to alter the minds of children? ANSWER: Yes. There have been plenty of examples restricting what can be taught and what is prohibited. Joseph Stalin is famous for his state control of education. He boldly stated: “Education is a […]
The European “bail-in” rules have been cheered claiming taxpayer money will be spared. However, many seniors bought bank bonds for their retirement. In the rescue of the small Banca Popolare d’Etruria, a retiree who had lost more than 100,000 euros worth of bonds committed suicide. There have been many such events that do not always make […]
