After Fridays Payrolls release we saw Asian futures reflect a solid performance which was carried into the cash indices this morning. The Nikkei lost a little of the futures euphoria but still closed up 0.7% and the highest close in over 3 months, the JPY gained 0.55% rejecting the 104 handle and closing closer to 103 instead. […]
The International Monetary Fund (IMF) has warned at the G20 summit in Hangzhou, China, that in the face of crises, the refusal to reform how things are functioning will lead to economic weakness in the global economy. “The latest data show subdued activity, less growth in trade and a very low inflation, suggesting an even […]
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What is fascinating has been the images portrayed about Clinton and Trump. Hillary is viewed as the most dishonest and Trump is looked up as the hot head. It is Hillary who has the reputation for having a violent temper and she is now posturing herself as a hawk in war. Most people did not notice, […]
CHANCELOR ANGELA MERKEL has suffer a major defeat with her party coming in third place in her homes state of Mecklenburg-Vorpommern on Sunday. The signs of a major anti-immigration movement in Germany assures Merkel’s days are clearly numbered. The growing discontent with the Chancellor is all we hear from our direct sources in Germany. Only one year […]
Thailand is looking to issue SIM cards to all tourists to protect national security. They say they will be able to respond to tourists in trouble, but they are really looking to track everyone because of the rising threat of Islamic extremism. Domestically, you are already being tracked. Google wants to “verify” who you are by using your […]
President Erdogan turning to Russia and shaking hands with President Putin in St. Petersburg should send a red light to NATO that all nukes must be withdrawn from Turkey ASAP. This reset of Russia-Turkey relations is strategic on Erdogan’s part. The joint statement indicated the two leaders’ willingness to cooperate in several fields and highlights both Moscow and […]
If you look at the calendar, the months that have 31 days are January, March, May, July, August, October, and December. The only two months with 31 days back-to-back are July and August. Why? July was named for Julius Caesar. Augustus, meaning “father of the nation,” died on August 19, 14 AD, and was probably […]
QUESTION: Sir, My son is studying US History this year in 8th grade. You have a lot on your plate and appreciate what you have been doing for us. What is the best book on the monetary history of the US? Keep up the hood work and see you in November. DK ANSWER: Although I was […]
The Nikkei and Hang Seng closed virtually unchanged in anticipation of the US lunchtime numbers. The Hang Seng was the best performing Asian index closing up 0.45%. It was always going to be about the US Payrolls even as Europe opened marginally better bid. Overnight we had seen the USD take a bit of a […]
