Several major insurers have launched a new attempt to sue Saudi Arabia for 6 billion dollars for the September 11, 2001 attacks. One wonders had Hillary been elected and Saudi Arabia was a major contributor to the Clinton Foundation to support women and gay rights (outside of their own country), would this have taken place? […]
I have warned that governments around the world are engaged in the greatest collection of data in human history, tracking everything we do because they are going broke. This is just the hunt for money pretending to be looking for terrorists. Collecting every phone call, email, and text message is far too much data […]
Birds are not the only creatures migrating south. In the United States, more and more people are leaving the highest taxes state and moving to lower tax states. One of the states that has seen large scale migration outward has been Illinois, where taxes are going insane and the there is no end in sight. […]
A solid close in the US session helped Asia open on a firm footing, but were reluctant ahead of the Brexit trigger to take the markets too far in either direction. So, given most were expecting Europe to set the trend and theme, let’s just jump ahead, especially given Asia closed small mixed. The morning […]
QUESTION: Hello Martin, I understand and agree to what you are saying in your post however I cannot understand what you mean when you say that: “Secondly, leaving all individual member states with past debt yet converted that to euro, then resulted in their debts doubling in international value as the euro doubled going into 2008.” […]
QUESTION: Hello Martin, I understand and agree to what you are saying in your post however I cannot understand what you mean when you say that: “Secondly, leaving all individual member states with past debt yet converted that to euro, then resulted in their debts doubling in international value as the euro doubled going into […]
Economic events have the most interesting way of exposing economic theories and orthodoxies and how seriously flawed they truly are these days. The fixed-exchange rate system and the Gold Standard imposed by Bretton Woods collapsed simply because they never fixed the supply of dollars, yet gold and other currencies were fixed to dollars. Only an […]
The Scottish government wants a second referendum on independence from the UK. The Parliament in Edinburgh will decide as soon as next week, as the Scottish Prime Minister Nicola Sturgeon said. The referendum could take place between autumn 2018 and spring 2019. Of course, this would really be a brain-dead action if Scotland believes it should remain […]
We are preparing to relaunch Socrates. We are moving the site between servers. This is step one in a major project to set up three servers around the world which will each update in local time. We are also integrating international payments systems worldwide. We hop[e to have the site back up and functional ASAP.
An impressive performance on Monday for US core indices as they recovered into the close that lead to a bounce for Asia and the return of Yen weakness. With healthy gains being made from Financials and Basic Resources the Nikkei made an impressive 1.1% clawing back much of Mondays losses. With the rally so came […]
