As many expected the BOJ kept rates unchanged as they continue to encourage a move away from bonds and into equities. Still the policy approach continues as slow but steady. This caused the JPY to trade above the 111 level even as the BOJ talks of 2% inflation (currently 0.5%). Hang Seng and Shanghai saw […]
The plot of the movie Minority Report was a SciFi flick that in the future they used physics to monitor the world and report if someone was going to commit a crime. Now Japan is doing that but without the physics – just bureaucrats. Japanese Prime Minister Shinzo Abe’s government passed the most outrages legislation perhaps […]
COMMENT: Mr. Armstrong; I had the wonderful experience of flying to France to see my son going to school there. Upon my arrival, I was immediately commandeered by the French police asking me how much money I had. I didn’t even get out of the Paris airport. I was not dressed elegantly; just jeans. I […]
In Hungary, NGOs (non-governmental organizations) will have to be registered in court and their foreign donors will be disclosed. The Hungarian Parliament adopted what many are calling the most controversial laws of recent years. Prime Minister Viktor Orban, advocated the so-called NGO Law that obligates non-governmental organizations with more than 24,000 euros per year from […]
China’s Industrial Data release marginally above expectation but Investments let them down and tended to quell afternoon anticipation and we closed only small positive. It may also have been the weakness of other core markets that also had an impact as both Hang Seng and ASX closed over 1.2% down the pair. It was energy yet […]
Merkel is calling upon the G20 to regulate the internet. While she is pretending to be concerned about cyberattacks, which no regulator can prevent, you have to look into the finer details. Chancellor Angela Merkel called for a global regulation saying: “Industry 4.0 will have to go through the process that we have already gone through […]
The European Union is preparing the legal basis to take over London’s extensive trading business with euro derivatives. This is just another complete failure of bureaucrats to comprehend market function. Perhaps they should also outlaw euro trading in the USA and Asia. That would be real smart. Then they can all sit down and play […]
James Hodgkinson of Belleville, Illinois, is the alleged shooter who tried to kill the Republicans at a charity baseball game. This is the problem with such hate speech playing out against Trump. They fail to realize that there are people who believe every word no matter how insane such as Putin is now running the […]
Despite better than expected data from domestic China (Retail Sales 11% and Industrial Production +6.5%) it was not sufficient to support a positive close. Shanghai finished the day -0.75% as talk that Private Investment growth slowed suggesting a lack of demand for small and medium sized companies; Private Investment is the bulk of the buying […]
Governor Jerry Brown of California is committing treason Against the United States. He is leading a confederacy against the Federal Government and should stand trial, but of course that would be controversial. After Trump rejected the Paris Climate treaty, which had never been ratified by the Senate, the European Union announced that it would work […]
