The U.S. 9th Circuit Court of Appeals has ruled to continue blocking enforcement of President Trump ’s travel ban. They did NOT strike it down. This is a procedural order granting a STAY until all the ramifications are decided. The unanimous decision of the Court of Appeals simply means that a stay preventing a ban […]
Trump has surrounded himself with a few people who believe that a new Bretton Woods conference will be necessary and they wrongly believe that a return to a gold standard will be beneficial. What they fail to comprehend is that we have had many gold standards in the past and they all failed. Why? […]
Angela Merkel of the Christian Democratic Union has refused to surrender to the Bavarian Christian Social Union (CSU)’s demand for an upper limit for newly arriving refugees after the Bundestag election. “I do not intend to change the position here.” When asked if she would be willing to accept the break in the Union’s parliamentary group […]
Asia benefited from new record highs in the US and really set the pace for the end of the week. The Nikkei was certainly the star performer adding 2.5% on the day taking the index to 19,400 with many talking the psychological 20k is next weeks target number. The JPY suffered against the USD falling […]
The next key resistance in the Dow stands at 20,324. Of course, the major channel resistance stands at the 20,703 level while support is to be found at 19,568. The Weekly Projected Bullish Reversals are 20,475.23, 20,518.80, 21,882.34, and 22,188.86. These are the What-If numbers so they may change if we make a new weekly low. […]
The NOAA has been putting out bogus studies that contradict by scientists at the United Nation who said there was a “pause” in global warming. The U.N. Intergovernmental Panel on Climate Change (IPCC) said there was no discernible warming since 2000 in its 2013 report. They wrote that global temperatures showed a “much smaller increasing linear […]
China has called all Bitcoin exchanges to a closed door meeting looking to shut down the flight of capital from China. China is looking to deal with the expected trade confrontation with Trump and looking to shut down the flow of capital that has been putting a downward pressure on their currency. We can see […]
Europe depends on food from Spain during the winter. With the climate turning down very hard toward a potential new mini ice age, the freezing cold, wet weather in southern Spain has devastated supplies of vegetables for consumers across Europe. Stores have begun rationing. The vegetables impacted are broccoli, artichokes, aubergines, iceberg lettuces, zucchini and eggplants. […]
Asia was split today with the Nikkei not managing to move out of first gear – at least during the Asia session – but saw the Yen lose its haven status. The volatile Japanese data for Machinery Orders was released better than the 3.1% expected figure at +6.7% (against a previous -5.1%) did not really […]
The EU leadership is really trying to make Great Britain pay dearly for voting to exit the Community. Like the socialists in America, it’s our way or no way. The left may call the right the “deplorables” but the left are the “intolerables” who refuse to ever consider they might be wrong. The EU thinks […]
