Exporters within the Nikkei weighed heavy on the index today eventually closing down 1.55% at 16,486. Watching the JPY trade below par was no surprise the likes of Mazda, Toyota and Nissan all traded around 2% lower. Exports for July were the worst seen in seven years down nearly 25% YoY. China played in a […]
The Pension Crisis continues to spiral out of control and the central banks are incapable to reversing their policy. Raising rates now will cause budgets to explode and all the bonds they bought would collapse in price no less become totally unsalable. Now in Germany, the Bundesbank has addressed this crisis advising that the population […]
Hillary has claimed that Comey said she was honest and truthful in her interview recasting the whole controversy. Now, the FBI sent lawmakers notes on its interview with Hillary Clinton about her use of a private email server, as the State Department confirmed that it will release several thousand work-related messages that Clinton failed to […]
COMMENT: Mr. Armstrong, my family was always farmers. When the death tax was imposed by Democrats, little by little with each generation we had to sell something to pay the taxes. Hillary in Detroit said Trump should not have $4 billion and the state should have got it all. This is money already taxed numerous […]
There appeared little reason the JPY to strengthen as much as it did yesterday during any of the sessions but that said, we did see 99.75 at one stage yesterday. No-one knew why and so in Asia back it traded to 101 again. In late US trading we have seen another attack at the par […]
At the state level, governments vary overall, but for the most part, they are nowhere near as corrupt as the Federal government and its court system. Pennsylvania Attorney General Kathleen Kane now faces up to seven years in prison after being convicted of perjury in a politically charged trial on 9 counts of leaking grand […]
Is a the European bank rally sustainable? European banks continue to rally marginally following the release of the European Bank Authority stress test. However, risks remain with a referendum to be held in Italy proposing to redesign their election process putting any Italian bank restructuring at risk. The EU banking committee proudly announced positive stress […]
The strength of the JPY had a large impact on the Nikkei today’s and as it broke par then the Nikkei was hit closing down around -1.7% in all. Exporters are always hit when the currency strengthens and it is not clear which is leading which just yet. Both the Shanghai and Hang Seng were a little […]
COMMENT: Marty; When they locked you up I read it somewhere that you were the man who knew too much. Your latest piece “Why the Republican Neoconservatives Really Support Hillary” could not have been written by someone from the outside looking in. Why do you not advise Trump? REPLY: They would twist my stand against […]
Once again, the office of Inspector General has come up with a huge hole in the Department of Defense with a missing $6.5 trillion. The day before 911, Rumsfeld admitted there was back then $2.3 trillion missing from the Defense Department budget. That has now grown to $6.5 trillion and counting. They have reported that […]
