Japan finished on a strong note but it was a disastrous opening (following oil) that it had to spend the rest of the day recovering from but a near 1% better close certainly helped confidence into European trading. Shanghai opened well and continued strongly, eventually closing +1,4% firmer. However, the Hang Seng was anything but […]
If there was ever any question that this is a bond bubble with a 5,000-year low in interest rates, the final bit of insanity just took place. Italy managed to sell its first 50-year bond last week as investors were betting that the European Central Bank might soon add ultra-long debt to its asset-purchase stimulus […]
All indications are now pointing to war between the USA and Russia. It appears the powers that be in Washington fear a Trump victory and he would end nation building. The military needs to start a war now because if Trump were elected, he would not go along with this mess. Even Russian TV is […]
The resistance to the refugees in Germany keeps rising. German mayor Joachim Kebschull of Oersdorf had to be hospitalized after he was severely beaten after expressing support for asylum seekers. He was attacked from behind as he walked to a planning meeting on Thursday night. Michael Richter, the head of a party on the town council of Freital, on […]
Asia started poorly on the back of a weaker oil market until Russia announced it would be willing to cutback its oil production in respect of the OPEC decisions. Oil bounced over 3% on the Asian day reversing the mornings losses. In Japan the Nikkei traded heavy most of the day but recovered off of […]
QUESTION: Many people has written in asking this basic question: “Do you foresee a time when machine logic prevails in economic decisions?” ANSWER: Yes. What we have today is absolute nonsense. Every crash produces opinions for a solution. NOT EVEN ONCE has anyone ever bothered to ask; “Has this been done before? What was the […]
Reporting from Florida, it is starting to smell like something is really rotten with these weather forecasts. The morning Hermine hit Florida on the West Coast, cross into the Atlantic and turned north, I was swimming in the ocean and there were plenty of surfers there as well. I then got dress and headed for the […]
Many readers keep writing in to ask what is my personal opinion with all the latest row centering on Trump and women. The Washington Post in digging up old tapes of Trump and destroying the entire election process. Who has not said something stupid 20 years before? Nobody will run for office if this is what […]
If there was ever proof that the Republican elite want Hillary to win, you just got it. The video published by the Washington Post showing Trump having a vulgar discussion about a number of women is indeed over the top and something you would expect from a locker-room banter. Trump himself had to admit he […]
Well the emails are now pouring in saying: “OMG, your sources are unbelievable.” Back on July 18th, i told the story that when the Clintons first entered the White House, I received a call with the source was the Secret Service saying that Hillary was a lesbian. I wrote: “Shortly after the Clintons entered the […]
