Here is a board meeting of CALPERS illustrating that (1) the majority of the board is totally without any experience in financial markets and (2) they are trying to throw off the board anyone who points out they are in trouble. Pension funds on average need 8% to break even. You will hear in this discussion […]
A shocking statement was made by a United Nations official Christiana Figueres at a news conference in Brussels. Figueres admitted that the Global Warming conspiracy set by the U.N.’s Framework Convention on Climate Change, of which she is the executive secretary, has a goal not of environmental activists to save the world from ecological calamity, but to destroy […]
COMMENT: Marty; I believe you are right. We are headed into civil war and the Democrats and press are determined to overthrow the government. Trump’s ban on immigration was temporary until this can be investigated and proper procedures put in place. It is only a 120-day hold on allowing refugees into the country, a 90-day bar […]
Another weak session for the Nikkei but also the Hang Seng came under pressure given global large cap weakness. The JPY saw another reach as a safe-haven with almost another handle change down to 111. However, despite coming close we have not yet traded there today. Dealer were expressing concerns on the move Presidents Trump’s […]
Private Blog – Dow Update for February 2017
The question of when will central banks fail is a popular one that comes in. Suffice it to say, the turmoil will hit Europe first. While so many people blame the Fed for all sorts of things, you must realize that Roosevelt usurped the Fed during the Great Depression and imposed a single interest […]
Trump should IMMEDIATELY reinstate the Fairness Doctrine in the media that once existed at the FCC. The Fairness Doctrine was a policy of the United States Federal Communications Commission (FCC), introduced in 1949, that required the holders of broadcast licenses both to present controversial issues of public importance and to do so in a manner that […]
The European Commission is demanding that Apple pay Ireland €13bn in back taxes. They are attempting to retroactively change a tax agreement made with Apple years ago that the EU now says is cheaper than any other member so that’s not fair as it would attract business to Ireland. The EU is clearly trying to impose […]
A nice bounce seen today for the Nikkei with a small recovery in stocks as the currency turned lower. The Nikkei closed up +0.6% with exporters benefiting from a weaker currency which assisted the rise seen for Mitsubishi Motors having revised full year guidance higher. China released PMI better than market had expected at 51.3 […]
In May 2015, U.S. federal prosecutors filed criminal indictments against fourteen FIFA employees and associates in connection with an investigation by the United States Federal Bureau of Investigation (FBI) and the Internal Revenue Service Criminal Investigation Division (IRS-CI) into wire fraud, racketeering, and money laundering which was all centered around bribery. Then 16 more officials were indicted […]
