COMMENT: Hi Marty, I am in San Francisco (though trying to move out)….and attended WEC Orlando. In reading the blog recently there is a lot of talk about Civil War and the US breaking up. I have to tell you that the election in San Francisco was pretty much devoid of Clinton or Trump signs anywhere. There […]
One of the main topics of conversation overnight was the fact that the Shanghai market reopened, after the week long holiday, to a surprise reverse-repo hike (10bp’s to 2.35%) which resulted in a -0.6% decline in the Shanghai Index. The CNH traded back up through the 6.82 mark but in late US trade saw core […]
Here is a board meeting of CALPERS illustrating that (1) the majority of the board is totally without any experience in financial markets and (2) they are trying to throw off the board anyone who points out they are in trouble. Pension funds on average need 8% to break even. You will hear in this discussion […]
A shocking statement was made by a United Nations official Christiana Figueres at a news conference in Brussels. Figueres admitted that the Global Warming conspiracy set by the U.N.’s Framework Convention on Climate Change, of which she is the executive secretary, has a goal not of environmental activists to save the world from ecological calamity, but to destroy […]
COMMENT: Marty; I believe you are right. We are headed into civil war and the Democrats and press are determined to overthrow the government. Trump’s ban on immigration was temporary until this can be investigated and proper procedures put in place. It is only a 120-day hold on allowing refugees into the country, a 90-day bar […]
Another weak session for the Nikkei but also the Hang Seng came under pressure given global large cap weakness. The JPY saw another reach as a safe-haven with almost another handle change down to 111. However, despite coming close we have not yet traded there today. Dealer were expressing concerns on the move Presidents Trump’s […]
Private Blog – Dow Update for February 2017
The question of when will central banks fail is a popular one that comes in. Suffice it to say, the turmoil will hit Europe first. While so many people blame the Fed for all sorts of things, you must realize that Roosevelt usurped the Fed during the Great Depression and imposed a single interest […]
Trump should IMMEDIATELY reinstate the Fairness Doctrine in the media that once existed at the FCC. The Fairness Doctrine was a policy of the United States Federal Communications Commission (FCC), introduced in 1949, that required the holders of broadcast licenses both to present controversial issues of public importance and to do so in a manner that […]
