For the General Public WEC, we sold out as usual. We have worked it out to add another 50 seats. The computer is managing this booking so I have not been on top of availability, I apologize. I have been busy programming and did not pay attention to this since it has been automated this […]
Well the week after Labor Day has lived up to its reputation. The Dow crashed on time, but the burning question is – will it follow-through? The Dow peaked on the 6th following Monday’s closing. It elected the first Daily Bearish Reversal on the 7th when it closed by 18533. Obviously, we did elect the […]
A Hillary presidency should be the best possible outcome for the markets since they should then begin to reflect what happens when you completely undermine confidence in government. Hillary holds first place in the poll for the perceived most dishonest presidential candidate ever to run. There will be an endless row of new scandals and how […]
QUESTION: Why are there so many Fed branches? It seems this is another way for government just to create jobs and pensions. ANSWER:I wrote several times that the original design of the Federal Reserve would have been a good, stabilizing entity for the economy had the politicians left it alone. At first, to ease […]
Asia was a mixed with a strong Hang Seng (+0.75%) an unchanged Nikkei and a slightly weaker Shanghai (-0.55%), which after yesterdays ECB Q+A session was actually very promising performance. However, it was not to last and as soon as Europe opened then the selling began. It started in the fixed-income markets but by afternoon […]
Margaret Thatcher was spot on when she warned that Britain would not join the Euro for the covert maneuvers behind the scenes was to create the federalization of Europe – their real dream to be the United States of Europe. Thatcher was betrayed by her own cabinet because some members also were dreaming to federalize […]
Secondary economic data in Japan coupled with slight dovish comments BOJ comments and the Nikkei started to drift lower. At worse the index was down around 1% but a lack of follow through volume saw a reasonable bounce into the close. Eventually, the Nikkei closed down 0.3% which, around mid afternoon looked very unlikely. The […]
The pension crisis is going to be the HUGE issue in 2017. Obama is supporting about a 20% reduction in military retirement benefits. This is how such things are done. It is the way lame-duck Presidents leave office doing the nasty things nobody will admit who has to stand for election. So those on their […]
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 […]
