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 […]
On the Republican side, the ENTIRE establishment is against Trump. They do not want him in, regardless of the people’s vote. So while they pretend this is a Democracy, it is all about maintaining the status quo in Washington. The voters in all but Texas and Vermont in exit polls said they were mostly looking […]
There were some big smiles across the faces of many equity traders today as we have seen some of the strongest markets gains in a while. The Nikkei closed +0.4% but could not match the performance of the Shanghai or Hang Seng Indices when they closed up at almost 2% on the day. We saw […]
We did not elect any bullish reversals. March remains our Directional Change target and the Dow could not close above 16934 for February. Looking ahead, we see the weeks of 03/14 and 03/23 (array posted on the private blog for the Investor level). We have also not elected any Weekly Bullish Reversals. The 17000 level […]
The private blog is available to Socrates subscribers. Currently, the private blog is available on the homepage of the Investor level. Please note that the private blog is not available on the WEC Trader preview site at this time. Many people prefer us to keep certain information private that is specific to investing in a […]
Barclays shares in the UK have fallen 9% after it announced further restructuring, a dividend cut, and an 8% decline in statutory pre-tax profit. As part of the restructure, Barclays is looking to sell off its 62.3% holding in its African business. They followed the trend of commodities and now they are following that same trend […]
In Russia, an Islamic nanny beheaded a four-year old child that she was hired to take care of and paraded down the streets of Moscow with the child’s head. The nanny, Gyulchehra Bobokulova, from Uzbekistan has been arrested. She beheaded the little girl, Anastasia Meshcheryakova, who she was supposed to care for. Bobokulova was reportedly shouting, […]
Our long-term projection models targeted March 13/14, 2016 for when the confidence in the EU would begin to crack much more profoundly among the average community. Indeed, the general view about the EU’s future has begun to plummet as reported in nearly every member state (28 in total) with the exception of just a few. The most […]
