Many financial firms in London claim to be looking to move to Frankfurt or Paris with BREXIT. They are going to have a very rude awakening. The proposition to demand all euro clearing takes place inside the EU will be the death of Europe – not the rebirth. The dominating position in Brussels among […]
Germany is now pushing the EU towards a much more tougher policy in its relations with Turkey as Erdogan moves the country even closer to a full-blown dictatorship. Erdogan has rejected democracy and the rule of law and since the strike of the Putsch, which is characterized by the dismissal of thousands of government officials, mass arrests […]
The risk of war with a true madman at the head of North Korea continues to escalate. North Korea fired its second intercontinental ballistic missile last week in an attempt to demonstrate its long range capabilities proving it can now reach the continental United States, not just Alaska as previously thought. Despite strong international condemnation, the United […]
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 […]
