The Federal Reserve pushed back plans to raise its benchmark short-term interest rate, which was widely expected following the Jobs Report. Yet, this was not a credible day for the Fed in the least as they are starting to appear confused and schizophrenic. Fed credibility is beginning to create a crisis behind the scenes that is […]
It just felt like most of the day today was waiting around for the FED meeting this evening and I am sure tomorrow we will be saying the same about BREXIT next week! For Asia, the initial concern was that China did not make the MSCI Index. However, all fears were rejected after the first […]
Russia has reportedly hacked Hillary’s server. The energy magazine Oilprice.com reported that Russian intelligence informed Western intelligence agencies that the government in Moscow is now planning to publish the emails from Hillary Clinton. If this proves to be true, then this will confirm that she placed national security second to her personal self-interest. The emails are widely expected to reveal how […]
The U.S. Department of Labor, acting on a directive of President Obama issued back in March 2014, has announced changes in the Fair Labor Standards Act (FLSA). Beginning this fall, the act will basically double the amount of money workers must make to be exempt from federal overtime pay requirements. Essentially, employees with gross salaries […]
QUESTION: Martin, In your June 6, 2016 Blog about a Fed rate hike you said “… the decision will cause the stock market to take off ….” I understand but do you speculate the market will initially pull back in shock from a rate increase or start to jump up? Regards, DR ANSWER: Over the […]
Political rivalry in the United States has been taking place since 1800 when the clash between the Federalists and the Jeffersonians pushed the political body of the nation to the point where it teetered on the brink of a second American Revolution. This clash of the Titans was sparked when the Federalists were about to lose power. […]
It was all about the Nikkei and the JPY again today trading to 105.50 as stocks lost another 1%. We are on daily bearish reversals here so we may well see a short-term bounce from here. As you would expect it was exporters that suffered with Nissan and Honda a couple of names being talked […]
There are 11 million workers in Britain who assumed they had great pensions. The British Steel Pension Scheme is proposing to break its pension promises to its 130,000 members because they are losing money. Tata Steel is looking to sell its holding in its UK plants over the next few months, and that means that the £15bn pension scheme, […]
Goldman Sachs is in a lawsuit for allegedly using prostitutes, fancy meals, and hotels to swindle the Libyan government in a $1.2 billion lawsuit. Now, before you condemn them, let me explain that New York City is not just the Big Apple — New York is the most unethical place, perhaps on Earth or at least in […]
