Angela Merkel of the Christian Democratic Union has refused to surrender to the Bavarian Christian Social Union (CSU)’s demand for an upper limit for newly arriving refugees after the Bundestag election. “I do not intend to change the position here.” When asked if she would be willing to accept the break in the Union’s parliamentary group […]
Asia benefited from new record highs in the US and really set the pace for the end of the week. The Nikkei was certainly the star performer adding 2.5% on the day taking the index to 19,400 with many talking the psychological 20k is next weeks target number. The JPY suffered against the USD falling […]
The next key resistance in the Dow stands at 20,324. Of course, the major channel resistance stands at the 20,703 level while support is to be found at 19,568. The Weekly Projected Bullish Reversals are 20,475.23, 20,518.80, 21,882.34, and 22,188.86. These are the What-If numbers so they may change if we make a new weekly low. […]
The NOAA has been putting out bogus studies that contradict by scientists at the United Nation who said there was a “pause” in global warming. The U.N. Intergovernmental Panel on Climate Change (IPCC) said there was no discernible warming since 2000 in its 2013 report. They wrote that global temperatures showed a “much smaller increasing linear […]
Europe depends on food from Spain during the winter. With the climate turning down very hard toward a potential new mini ice age, the freezing cold, wet weather in southern Spain has devastated supplies of vegetables for consumers across Europe. Stores have begun rationing. The vegetables impacted are broccoli, artichokes, aubergines, iceberg lettuces, zucchini and eggplants. […]
Asia was split today with the Nikkei not managing to move out of first gear – at least during the Asia session – but saw the Yen lose its haven status. The volatile Japanese data for Machinery Orders was released better than the 3.1% expected figure at +6.7% (against a previous -5.1%) did not really […]
The EU leadership is really trying to make Great Britain pay dearly for voting to exit the Community. Like the socialists in America, it’s our way or no way. The left may call the right the “deplorables” but the left are the “intolerables” who refuse to ever consider they might be wrong. The EU thinks […]
In the earliest days of the Republic Rome’s taxes were quite modest, and were not direct, but were a property tax or a wealth tax on all forms of property, including land, houses, slaves, animals, money and personal effects. The basic rate was just 1% and sometimes it would occasionally rise to 3%. This was to fund the […]
Attorneys pretend to stand up for what is right only when it is political and they have an agenda. They are hawking signs at JFK while they ignore the most corrupt legal system in America right there in New York City. How about cleaning up the legal system if you care so much about […]
We can probably count on one thing – the people from Goldman Sachs advising Trump will most likely do what they always do – assume the manipulation and “influence” is all that is needed to change the trend in the dollar. Donald Trump’s top trade adviser Peter Navarro has hit out at Germany and accused the country […]
