The Telegraph has come out stating bluntly “ECB’s Mario Draghi has run out of magic as deflation closes in.” The confidence level in central banks I have been warning will decline. This is the prerequisite for the Phase Transition that lies ahead. At the very core of this entire collapse in confidence in all levels […]
Over the past 3 years, Vancouver has seized at its airport $18.7 million in undeclared cash of which 70% has been from Chinese. The hunt for money is really outrageous that it is all about taxes and our property rights have been lost. All governments are acting like common criminals robbing people of their property claiming […]
The numbers are in. Banking as indeed seen its peak. Banks in Europe and the US have dismissed 100,000 people last year, the bulk after 2015.75 . The decline is just starting. We are even witnessing the decline in bank employment now in China as well. The high flying jobs in banking have seen their best […]
With the ECB expanding its quantitative easing program to include corporate debt, European companies are now scrambling to issue as much debt as they can as cheap rates. These issue are selling BECAUSE it is assumed they have a guaranteed bidder being the ECB. At least this part of the QE is far better than […]
For the General Public WEC, we sold out as usual. We have worked it out to add another 50 seats. The computer is managing this booking so I have not been on top of availability, I apologize. I have been busy programming and did not pay attention to this since it has been automated this […]
Well the week after Labor Day has lived up to its reputation. The Dow crashed on time, but the burning question is – will it follow-through? The Dow peaked on the 6th following Monday’s closing. It elected the first Daily Bearish Reversal on the 7th when it closed by 18533. Obviously, we did elect the […]
A Hillary presidency should be the best possible outcome for the markets since they should then begin to reflect what happens when you completely undermine confidence in government. Hillary holds first place in the poll for the perceived most dishonest presidential candidate ever to run. There will be an endless row of new scandals and how […]
QUESTION: Why are there so many Fed branches? It seems this is another way for government just to create jobs and pensions. ANSWER:I wrote several times that the original design of the Federal Reserve would have been a good, stabilizing entity for the economy had the politicians left it alone. At first, to ease […]
Asia was a mixed with a strong Hang Seng (+0.75%) an unchanged Nikkei and a slightly weaker Shanghai (-0.55%), which after yesterdays ECB Q+A session was actually very promising performance. However, it was not to last and as soon as Europe opened then the selling began. It started in the fixed-income markets but by afternoon […]
I have explained that watch the core regions in real estate and you will forecast the rest. Real estate booms and busts always begin in the core regions. As that property rises sharply, people begin to buy what is cheaper the next two over. This is the process of the economic wave in real estate […]
