Merkel’s CDU Party is now also poised to be defeated badly in Berlin. Protesters are around the city with signs saying “Merkel Go Home!” and yet politicians in Europe refuse to wake up to see what they have done. In France, the latest polls show the French do not want any more refugees. You would think that these people would […]
Luxembourg’ Foreign minister Jean Asselborn has demanded that Hungary must be kicked out of the EU because they constructed a 110-mile-long fence to stop migrants crossing the continent. He said that the Hungarian government had disregarded the “values of the EU” with its anti-migration policies. What is most interesting here is that it was the Austrian-Hungarian Empire that was […]
The strong US session ran into Asia resulting in strong performances for both the Nikkei and Hang Seng. Both closing around 0.75% higher the main pull was from financials but this is just a rebalancing from the losses they suffered earlier in the week. China remains on national holidays and so we wait until Monday […]
With each peak in the Economic Confidence Model, a different sector becomes the focus. The peak in interest rates occurred on 1981.35 and was the peak of the Public Wave that followed the 1929.75 Private Wave. The Public Wave bottomed on 1985.65 during the summer of 1985. This event marked the birth of the current […]
Germany has arrested three young Syrian men who are members of the Islamic State. These men came into the country through the same network that smuggled militants into France to carry out the deadly attacks last November. This is the entire problem. Refugees should be limited to families with children. Allowing young men in who […]
COMMENT: You are wrong. The SDR will destroy the dollar as of October 1st when they include China. You will see. China will sell all its US Treasurys and buy SDRs. REPLY: Your very statement is totally absurd. The SDR is calculated simply by a basket of currencies including the dollar, yen, pound, and euro […]
QUESTION: Is there a correlation between the GDP rate and interest rate ? Best regards, BL ANSWER: No. What central bankers fail to take into consideration is that the interest rate is the OPPORTUNITY COST of money as reflected into the future. This is why interest rates naturally decline during a recession because of the future expectation of what […]
Private Blog Dow Update for Closing 9-15-2016
The Clinton email scandal keeps moving along. Despite the FBI and Justice Department refusing to indict Hillary, her staff continue to take the 5th Amendment before Congress. Both Paul Combetta and Bill Thornton just repeatedly invoked their 5th Amendment privilege not to incriminate themselves during about 10 minutes of questioning before the House Oversight and Government […]
It was inevitable that the Swiss market would turn down once it surrendered its banking advantage. The flight from the euro help to mask that decline and transformed it into speculation. Now in Switzerland, we have reach record highs for the past 15 years in vacant single-family houses and apartments reaching 56,518 according to the Federal […]
