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Market Talk- March 1, 2018

March 1, 2018

China appeared as the only bright spot in Asian markets this morning with Shanghai closing up +0.45% and the Hang Seng marginally better at +0.65%. Both indices toyed between both sides until the final hour then recovered at the close. Much of todays talk centred around the deleveraging that President Xi appears to be pushing […]

The New German Political Hawk?

March 1, 2018

The German Defense Minister Ursula von der Leyen was being touted as a possible successor to Merkel. She has spoken at the Munich Security Conference stating that there must be “the common will to actually use the military weight when circumstances require it.” Leyen has come out saying that Germany should no longer hide behind […]

Swedish Central Bank Voices Alarm

March 1, 2018

QUESTION: Hi Martin, Yesterday the Swedish Riksbank Chairman Stefan Ingves went on prime time TV expressing fear that public authorities are losing control over the Swedish currency! He also on prime time TV asked rhetorically -We have asked our self what is money?! Can you believe that!? What the heck is going on? The Chairman […]

South Africa Expropriating White Farmer’s Property

March 1, 2018

South Africa is turning extremely left-wing to the point that it is risking any viable economic future. The Parliament of South Africa on Tuesday voted to expropriate the majority white farmers of the country without compensation. This is how the Russian Revolution took place – the just took everyone’s property. The motion was submitted by […]

Market Talk- February 28, 2018

February 28, 2018

After the weak US retracement the DOW (futures) spent much of the Asian session around the mid 25,500 level. But, interesting that as we have been highlighting for a few weeks here that the DXY looking to be bottomed on time. Jerome Powell’s comments obviously shook markets, but worth comparing currency weighted equity index movements. […]

California in Peril

February 28, 2018

California is trying to scheme to circumvent the Trump Tax Reform which limits deductions to $10,000 in state taxes from their federal returns. Of course, the California press portrays this as punishment for voting for Hillary. But they support higher taxes as long as they get to deduct them from the Feds, which has been […]

Police Officer Fired for NOT Killing a Suspect

February 28, 2018

A former police officer, Steven Mader (center), who was fired for not shooting a black suspect during a standoff in Virginia. Mader was the first responding officer to a 2016 call involving Mr. Williams, a 23-year-old black man who he believed to be suicidal. Mader made the determination that Williams did not pose an immediate threat […]

Draghi Admits He Cannot Stop Buying Gov’t Debt

February 28, 2018

Draghi has realized that he has singlehandedly destroyed the European bond market. Besides the fact that it is illegal to short government bonds, he has come face to face with the stark reality that IF the ECB stops buying government bonds, there will be NO BID at these price levels. Interest rates will skyrocket dramatically. On […]

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