There is a problem that Illinois faces. There is no actual right for a state to go bankrupt. That does not mean that no state has simply defaulted and never paid. A state hasn’t defaulted since Arkansas in 1933 during the Great Depression. However, that was also not the first state to simply not pay. […]
The Nikkei and Shanghai both took very different directions to reach virtually the same conclusion in todays trading. The Nikkei started in negative territory (almost 2% lower) then spent the day clambering back to what seemed like but unchanged but happened to be -0.45%. However, what many appeared to be happy about was the fact […]
Prime Minister Theresa May of Britain has made it clear that Britain will not accept retaining the EU free movement of EU citizens after the exit. Even traveling from Brussels to London, before BREXIT, they did not recognize Schengen Agreement for free travel. People fron Eastern Europe with a Shengen visa did not have access to […]
I have been warning that 2017 was the Year of Political Hell with four major referendums/elections that would undermine the confidence in government – BREXIT, US Presidential Elections, French Elections, and Germany Elections. These four events hold the potential to overturn the expectations of the future. Whatever the general public felt about government would flip. The […]
Hollande is running only around a 10% approval rating. Merkel’s CDU came in third place in her home state. Things are a moving and shaking as they say in Europe. Indeed, get ready for 2017 will be the tipping point in markets as a whole. The refugee crisis has indeed changed the face of Europe […]
Of course, the 1929 high took place on September 3rd, the day everyone came back on Tuesday following the summer holidays. It has been a long-standing joke that after spending time with the family, they come back and just sell everything without reason. The 1987 high was on August 25th just before Labor Day. In […]
President Erdogan of Turkey is clearly on a mission to raise Turkey to the old level of power such as the Ottoman Empire. As a member of NATO, he is doing really everything to undermine that position playing one side against the other. He has sold off more than 50% of central bank reserves held […]
QUESTION: Marty; Is the ruling that Apple has to pay 13 billion euros only going to drive American and foreign companies out of the EU? Thank you so much for this global perspective SK ANSWER: Absolutely. This is not saying that Apple cheated Ireland, this is saying that Ireland gave Apple a low tax status to […]
Thank you for all the birthday wishes for my mother who seems to be a real celebrity after the Forecaster Movie. She turned 98 this weekend.
After Fridays Payrolls release we saw Asian futures reflect a solid performance which was carried into the cash indices this morning. The Nikkei lost a little of the futures euphoria but still closed up 0.7% and the highest close in over 3 months, the JPY gained 0.55% rejecting the 104 handle and closing closer to 103 instead. […]
