Bavarian banks have figured out that negative interest rates are insane. They must pay the ECB to hold their cash. They have decided it is better to store their cash and eliminate deposits at the ECB as reported by Spiegel Online. These people are just braindead. They think negative interest rates will somehow “stimulate” the […]
Christine Lagarde remained at the IMF and one of three Troika members because she is a Socialist and on board with both raising retirement ages to cheat people out of what they planned and to raise taxes while closing all borders to the movement of capital. She is also pushing behind the curtain for the […]
Rubio does not seem to have what it takes for the nomination. He will be a nice puppet like George Bush Jr and Obama doing whatever the unelected government tells him to do. Cruz is not very well liked behind the curtain and injects too much religion for a national office. So what is […]
We are entering a period of an increased risk in earthquakes appearing in California. This begins here in March 2016.
According to statistics released by the State Forestry Administration, China has 2.6 million square km of desert that accounts for 27 percent of the country’s total land area. The desert areas are scattered among 12 provincial-level regions in north China. There is a serious problem on the horizon for China. Following the creation of the People’s […]
“A confident close for the week” that was how one trader expressed the Asian markets today. A good solid recovery, from the morning sessions, ahead of the weekend and also the NFP. The PBOC fixed the Yuan rate at 6.5284 which was slightly firmer against the USD compared to Thursday’s fix (6.5412). A dramatic dip in the Shanghai index […]
Of course, the gold promoters are declaring this is a new bull market. Should we expect anything else? They do not address why silver is not responding and the ratio continues to rise. But what the heck. No sense in looking at anything else that might contradict the dream. Gold has to close above the […]
In Asian equity trading today, only the Hang Seng that disappointed investors after closing negative -0.3% whilst the others recorded gains. Shanghai posted a small gain of 0.3% as the PBOC set the Yuan mid-rate at 6.5412. Earlier we saw the (Caixin) PMI was marginally weaker than previous at 51.2 versus a previous 52.4. Meanwhile, […]
QUESTION: Hello Martin, Can you verify the following statement: “No bear has ever resumed following a 20% rally.” As today marks a 21% move of the lows your expertise would be appreciated. Thanks! BGG ANSWER: No. Sorry. That is total nonsense. The rally from 1982 into 1983 moved from $297 to $520 — and guess what— new lows unfolded. Look at this from the […]
The president of the German secret service, Hans-Georg Maassen, has come out and warned that the uncontrolled immigration has created a serious safety risk to Germany because the authorities no longer know who is in the country. If people think U.S. politics are going in the gutter, look at Germany where politicians have created a […]
