Standard Life suspended trading in its UK property fund after reducing the value of the fund by writing down the value of property by 5%. This set off a wave if liquidation that resulted in the fund being suspended. The management clearly read the press and listened to the politicians way too much. It makes […]
The Clinton scandals will provide endless TV entertainment, which may be more like a reality TV show with the Kardashians. Most people think it will be Donald Trump. Trump may give us some frank insults that are badly needed now and then to keep people focused, but the Clintons will provide never-ending intrigue and scandals. Now […]
We are beginning to see interest rates rise globally in the free market. After BREXIT exposed the crisis in Europe, the rates began to rise in the peripherals. That will move closer toward the core. The Fed will respond only when the capital sees what is unfolding in Europe and shifts to the States. The […]
It is a shame, but Nigel Farage is standing down as the leader of the UK Independence Party. Nigel came from the real world and never desired to be a career politician. He has stated that he had done his “bit” following the UK’s referendum vote to leave the EU. “The victory for the ‘Leave’ side […]
This weekend we had the elections in Australia. Of course, they were not on our list for the year of political hell. They sold off in the wake of Australia’s weekend election and in parallel fashion with about 5bps of cheapening across the curve. The election vote count will continue on Monday with a few […]
The whole meeting between Lynch and Bill Clinton calls into question the judgment of both people. Lynch should have declined the meeting and Bill should never have asked to meet her. Why? Sources from Hollywood say Bill is losing it. He is not as sharp as he used to be and he may be on […]
QUESTION: Marty It looks like Carney and Osborne are talking the pound down in order to frighten people. Only one of their prophesies have come true – the lower value of sterling. But it is unhelpful that they continue to be negative – even though they’ve proved to have been wrong on all the other things […]
“British anti-terror police found a mini-arsenal of weapons when they raided a London mosque linked to a number of key terrorist suspects,” CNN reports. They discovered an arsenal of at least 100 weapons, including war-grade automatic firearms and a huge amount of ammunition. Similar caches linked to mosques are now suspected throughout Europe. This is starting […]
Happy 4th of July The King is Dead – Long Live Career Politicians Also for Life (Note: Not so sure we actually won something. Back to taxation with no representation)
The talk behind the curtain is that the fix with the Justice Department and Obama is in. Proof that the whole EMAIL scandal with Clinton is already fixed will be that the the FBI will clear her by the Democratic Convention the week of July 25th. Once that takes place, this will confirm this is […]
