The condo bubble has broken in many markets. Even rentals in Miami and other prime markets have begun to decline. In part, the rise in the dollar is now curtailing foreign investment. Likewise, I personally know some British friends who are selling property in the states to take advantage of the huge profit in the drop in the pound when converting back […]
With a total debt of almost 250% of GDP, China’s debt problems are well known. Meanwhile, the government is working on resolving the issue by following the playbook of US investment banks and creating securities structures to offload bad debt (remember CDOs?). The slowing economy has caused rising defaults. Analysts suspect the NPLs ratio to […]
Neither the Nikkei nor Hang Seng could decide on a direction today as both flip-flopped between positive and negative territory. Only Shanghai was to remain lower for the whole day closing well above the days lows but still 0.5% weaker. Yesterday we heard that the PBOC added (through 14 day reverse repo’s) cash into the […]
Historically, crops fail during periods when the weather turns sharply colder. Rising food shortages coincide with rising aggression. This seems to be a link back into ancient times. The way the climate is now turning colder is in direct harmony with the war cycle. Switzerland began recording temperatures in 1864, which provide a good European […]
Federal Judge Emmet Sullivan from the US District Court in Washington has ruled that Democratic Party presidential candidate Hillary Clinton does not need to give a sworn testimony in a lawsuit concerning her use of an unauthorized private email system for her work as US secretary of state. Instead, Clinton must respond in writing to questions submitted […]
When it came to BREXIT, the computer correctly forecast that the leave side would win and there would be a big turnout. I personally stated that I “believed” they would rig the election as they had done with every other European election from Austria and Scotland all the way to Italy and Spain. I […]
A federal judge has ordered the State Department to turn over emails before the election. The Obama Administration has been trying to protect Hillary all the way. The FBI has discovered that Hillary Clinton’s private email server had another 14,900 emails and documents from her time as Secretary of State that her attorneys had not disclosed. This […]
It’s official. Canadians now spend more on taxes than they do on food, housing, and clothing. Well, politicians have to eat first. Their kids have to be educated to rule their generation. The Fraser Institute has calculated that the average Canadian family now pays $34,154 in taxes in total, which includes all the “hidden” business taxes […]
Germany is to reestablish conscription into the military, which had been suspended on July 1, 2011 after 55 years. The Merkel government now sees a major security risk and is shifting its policy by justifying conscription once again. The duty to serve may be arguably due to tension with Russia, but it is really domestic […]
With little help provided by the US Asia had yet another quiet summer trading session. The Nikkei opened lower but recouped losses ahead of the lunchtime break, only to edge lower again during afternoon trading. News remains light even after a slightly better mfg PMI data only managed a short-term bounce and by end of […]
