The roads in Illinois are in decay. This may be the first state to go bankrupt. The question is not if, but when. State unions are so greedy that they are destroying the very state. This is exactly how Rome fell — government employees against the people. Seven states have constitutional provisions that state employee […]
QUESTION: Sir, You mentioned in your blog post that money market funds now have to be in government bonds as per SEC ruling. You have said we are going through a sovereign debt crisis which means government bonds are at risk. If I’m trading and my money is now parked as “cash” before I make another […]
I have said that the European crisis is all about keeping jobs in Brussels, and now the truth is beginning to surface. The long-term cost of pensions for EU officials has increased very sharply according to one new report. These people are lining their pockets like never before. From late 2014 to the end of 2015, […]
More than 75,000 people have signed their names to a petition protesting against the appointment of former European Union leader José Manuel Barroso to the investment bank Goldman Sachs. The outrage demonstrates what I have warned about — the peak in public confidence in government and banks is now in place. Goldman Sachs has gone […]
We are monitoring confidence in the banking system as reflected by cash withdrawals. The sale of home safes has exploded in many countries. I previously reported that one in ten currency notes in Switzerland being printed is now the 1000 franc note. In fact, there is some 41.6 billion in Swiss francs now in circulation in 1000 […]
The trend toward replacing opinion-oriented fields like analysis is also taking root in medicine as well as law. The new computer named ‘ROSS’ is an AI computer that acts as a bankruptcy lawyer and is now being employed by some of the world’s largest law firms. Oh, they will still charge you as if a person spent […]
CRITICISM: The Computer has no bias or imput? Which is impossible: a computer needs information or facts to make decisions. Unfortunately, ‘facts’ are often skewed by humans for personal or political purposes. Saying such, however, is to your advantage. If the computer is wrong, you are guiltless. If correct, you benefit as the creator of the […]
We knew what to expect from the Nikkei cash this morning after we heard remarks late Friday and Saturday from all at Jackson Hole. On Saturday it was BOJ Governor Haruhiko Kuroda who said he would approve further monetary stimulus without hesitation! Having seen the Nikkei futures up 1% and the JPY weaken by 1% this […]
Central bankers these days are seriously trapped. They cannot now reverse their policies for that means they have to admit that they have failed. This is why the Yellen is not so eager to move to negative rates and has continued to take the view that rates must be normalized (raised). That is far more […]
A number of people have been asking what will be on the tablets we are handing out to attendees for this year’s World Economic Conference in Orlando. We are providing important tools in addition to some video. Among the tools will be our date converter. This will create the proprietary date structure we use in the […]
