Greek Prime Minister Alexis is finally getting some backbone thanks to BREXIT. He has now warned the IMF and the German Federal Minister of Finance Wolfgang Schäuble and Merkel along with the Troika, that they should no longer “play with the fire” in the Greek debt crisis. The Troika’s demands have been an all or nothing approach […]
President of the European Union Jean-Claude Juncker has announced his departure saying he fears the breakup of the EU and says there is just too much defeatism in Europe. The EU has refused to listen and its fixed goal on a federalized Europe has been unwilling to yield. They have made it an all or now choice, […]
President Trump’s nominee for the Supreme Court, Judge Neil Gorsuch, has shown he is deeply biased and not qualified to sit on the Supreme Court. His nomination should now be withdrawn. Judge Gorsuch told the New York Times privately expressing “dismay” they reported over Trump’s Tweet regarding Judge James Robart when he wrote: “The opinion of this […]
The U.S. 9th Circuit Court of Appeals has ruled to continue blocking enforcement of President Trump ’s travel ban. They did NOT strike it down. This is a procedural order granting a STAY until all the ramifications are decided. The unanimous decision of the Court of Appeals simply means that a stay preventing a ban […]
Trump has surrounded himself with a few people who believe that a new Bretton Woods conference will be necessary and they wrongly believe that a return to a gold standard will be beneficial. What they fail to comprehend is that we have had many gold standards in the past and they all failed. Why? […]
Angela Merkel of the Christian Democratic Union has refused to surrender to the Bavarian Christian Social Union (CSU)’s demand for an upper limit for newly arriving refugees after the Bundestag election. “I do not intend to change the position here.” When asked if she would be willing to accept the break in the Union’s parliamentary group […]
Asia benefited from new record highs in the US and really set the pace for the end of the week. The Nikkei was certainly the star performer adding 2.5% on the day taking the index to 19,400 with many talking the psychological 20k is next weeks target number. The JPY suffered against the USD falling […]
The next key resistance in the Dow stands at 20,324. Of course, the major channel resistance stands at the 20,703 level while support is to be found at 19,568. The Weekly Projected Bullish Reversals are 20,475.23, 20,518.80, 21,882.34, and 22,188.86. These are the What-If numbers so they may change if we make a new weekly low. […]
The NOAA has been putting out bogus studies that contradict by scientists at the United Nation who said there was a “pause” in global warming. The U.N. Intergovernmental Panel on Climate Change (IPCC) said there was no discernible warming since 2000 in its 2013 report. They wrote that global temperatures showed a “much smaller increasing linear […]
China has called all Bitcoin exchanges to a closed door meeting looking to shut down the flight of capital from China. China is looking to deal with the expected trade confrontation with Trump and looking to shut down the flow of capital that has been putting a downward pressure on their currency. We can see […]
