The Nikkei did manage a positive close for the end of the week but finished down just over 2% on the week. The JPY continues to play around the par level until the stock markets decide their direction. Shanghai and Hang Seng closed mixed in thin summer trading in what can only be described as lethargic trade. With […]
California is about to pass a law that is so totalitarian and anti-citizen, you really have to question what the hell is going on. This new law will criminalize any undercover investigative videos of all “health care providers.” That means, even a local TV cannot make an investigation of a nursing home for abuse. […]
In the first six months of the year, the raw data has shown that several central banks have been selling US government bonds in an attempt to support their currencies against the dollar. This has come in part at the request of the United States, exactly as took place back in 1985 at the Plaza […]
QUESTION: All energy says spike low on monthly global market watch. Now we had a correction from 52 to $39 so that qualifies but we also had a rally from 39 to 47 so does it still qualify? If Socrates uses the last data point 47 it would not be a spike low but if it accesses […]
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 […]
