The government is demanding Apple to create a program to hack phones under the excuse of “terrorism” as a threat to national security. The FBI in New York ordered Apple to unlock the phone of a local drug dealer, but Apple refused. On Monday, a federal magistrate judge in New York said no. Magistrate Judge […]
As we head into 2017, we are looking at the entire world coming undone at the seams. The year 2017 will be the political year from hell because the trend that is unfolding is global. The establishment Republicans are fighting for control of the party to ensure Trump does not get the nomination. Some even […]
Widespread polling booth and ballot malfunctions in several states bring into question the integrity of our voting system. By lunchtime on Super Tuesday, Election Protection, a nonpartisan coalition of groups that run election-day hotlines, said their hotline had received more than 1,000 calls. The majority of calls came from Alabama, Georgia, and Texas. Voters in Williamson County, Texas, […]
Asian cash markets followed their positive futures run from US trading session was met with strong openings across the board. The PBOC set the Yuan exchange rate at 6.5490 and even a ratings down-grade of China could not stop a 4.2% higher close. The Nikkei was also up over 4% but we did see weakness from […]
U.K. Prime Minister Tony Blair has recognized something that those in office either do not see or refuse to admit. Blair said at the Abu Dhabi conference that Donald Trump’s wins in the U.S. primary elections are disturbing for they illustrate that there is a rising popularity of insurgent political movements around the world. The mismanagement of decades […]
The commodity industry is bracing for a high year of bankruptcy and default filings that will impact mining and metals along with oil and gas. Moody’s has also warned of global speculative-grade corporate defaults that will increase by more than 30% in 2016, reaching the highest level since 2009. Those interested in mining shares should […]
Moody’s lowered its outlook on China’s credit rating stable to negative. We have been warning that our models on China indicate that the bottom in the economy does not appear likely until 2020. This should be a 13-year contraction. So far, that forecast appears to be on target.
The Central Bank of Australia, known as the Reserve Ban, has come out bluntly and stated that it is entirely possible that Australia will end physical notes and coins and move to digital currency. The Reserve Bank is joining a growing crowd of governments advocating electronic money to really increase tax collection.
Part of the collapse in confidence we are experiencing with government stems directly from the fact that politicians engage in far more criminal behavior than anyone in the corporate world. While bankers may manipulate markets to trade against clients, politicians just lie to keep their jobs. The fact that they are incapable of managing the […]
Trump took at least seven (possibly eight) states. Rubio won only Minnesota; Cruz won on religion, taking Texas and Oklahoma. If the people actually prevail, and that is a BIG “IF”, then it appears we will have Trump vs. Hillary. But the establishment Republicans do not appear to be willing to accept this result. Some […]
