Core Asian indices had a relatively good session today with small gains seen across the board. Currencies had been a little stretched yesterday so with a reset today saw exporters climbing from yesterdays lows. The yen is off its 112.50 highs and is currently trading mid 113’s which is also lifting Nikkei futures off it […]
Here is the latest example of corrupt politicians voting in favor of their own self-interests. Bernie Sanders may be a bit fanatical, yet he has been trying to push a bill through to allow Canada and other countries to import prescription drugs to the U.S., which would significantly decrease the price that consumers have to […]
Kenneth Rogoff is a Professor of Public Policy and Economics at Harvard University. Rogoff calls critics of negative interest rates “ignorant” despite the fact that negative interest rates have been used since 2008 without any success. He had the audacity to say that people should not look at their short-term personal losses, but rather look at the long-term vision […]
QUESTION: A helping hand is not socialism I get perturbed about the lack of distinction between socialism and where a helping hand of the kindly state ends. I refer with due respect to your blog on differences between capitalism and socialism. Marty, As you know in all families there are those children and some adults […]
A rather mixed session in Asia with many anxious to hear what British Prime Minister, Theresa May, has about to say about BREXIT. The Nikkei continued to experience a setback having rejected last weeks highs and has also seen the JPY trading down (Yen strength) to mid 112’s. Shanghai and Hang Seng were both positive […]
QUESTION: Marty; I find Lewis very disrespectful saying Trump is not the legitimate president. He might have been involved in the civil rights movement, but he is coming off as one of these intolerables who regards anyone who voted for Trump a deplorable. I am very disappointed in him at this point. Any comment? ANSWER: […]
COMMENT: Martin, A story I received: A guy looked at my Porsche the other day and said I wonder how many people could have been fed for the money that sports car cost. I replied I am not sure, it fed a lot of families in Bowling Green, Kentucky who built it, it fed the […]
A constitutional referendum is planned to be held in Turkey in in the Spring of 2017. A survey is showing that the people are not really in favor of handing endless power to the President Recep Tayyip Erdoğan. Voters are expected to decide on amending 18 articles of the Constitution of Turkey. The amendments have been […]
I still believe that George Soros is extremely dangerous with his ideas of Open Society. Hungary’s vice chairman of the ruling Fidesz party, Szilard Nemeth said that all operations funded by Soros and his Open Society Foundation should be banned from operating in Hungary. Nemeth said at a news conference that Soros and his operations were “pushing […]
A heavy day for Asian shares with 1% declines for many core markets. The fear was created as the British Prime Minister Theresa May is expected to claim that Britain will make a “clean and hard” exit from the European Union when she makes her speech on Tuesday. Sterling was trading around the 1.2200 for the majority of […]
