COMMENT: You are wrong. The SDR will destroy the dollar as of October 1st when they include China. You will see. China will sell all its US Treasurys and buy SDRs. REPLY: Your very statement is totally absurd. The SDR is calculated simply by a basket of currencies including the dollar, yen, pound, and euro […]
QUESTION: Is there a correlation between the GDP rate and interest rate ? Best regards, BL ANSWER: No. What central bankers fail to take into consideration is that the interest rate is the OPPORTUNITY COST of money as reflected into the future. This is why interest rates naturally decline during a recession because of the future expectation of what […]
Private Blog Dow Update for Closing 9-15-2016
The Clinton email scandal keeps moving along. Despite the FBI and Justice Department refusing to indict Hillary, her staff continue to take the 5th Amendment before Congress. Both Paul Combetta and Bill Thornton just repeatedly invoked their 5th Amendment privilege not to incriminate themselves during about 10 minutes of questioning before the House Oversight and Government […]
The talk outside the United States is how well-known analyst has found that there were massive discrepancies regarding the amount and use of donations in addition to a very significant portion of all donations have been paid as bonuses of the Clinton family. Besides Hillary’s emails, the highly questionable dealing centered around the Clinton Foundation would certainly also […]
We are sorry, but the WEC for 2016 is sold out. This seems to be a regular occurrence for the past 5 years. Unfortunately, the worse things get, the more people want to attend. Wecannot change the seating to accommodate more people. We have to have classroom seating for everyone. You can send an email […]
The Nikkei gapped lower and despite several failed attempts to rally finally closed down 0.7%. The JPY after hitting the 103.50 level has traded stronger throughout the European and US trading hours gaining over 100 pips and was last seen around the 102.40 level. The Nikkei futures has had the opposite reaction and has slide […]
This parody is of course based on the hilarious movie “Weekend at Bernies,” and how they carry a dead guy around to keep the party going. This election, despite the polls, is much tighter on a state by state battleground. States that are traditionally Democrat like New Hampshire are in play. The polls are 1% apart in […]
Mario Draghi cannot possibly admit that he is dead wrong in managing the European economy. This idea that continuing to lower rates will somehow inspire people to risk it all is just insane. This is even coming from Goldman Sachs, which means nothing for qualification. The people in the elitist banking group think that power makes […]
