Governments are pretty much brain-dead in their vain attempts to manipulate the economy. They think that lowering interest rates will “stimulate” the economy and cause people to borrow. That has never worked because people respond to the trend and function in anticipation. The root driving force is rather straight forward. Why is there an inflationary […]

While recession has returned to Japan and interest rates have dropped to negative, in Europe the ECM has effectively announced it will expand its balance sheet again by a trillion Euro. China has lowered interest rates showing this view of lowering interest rates is believed to stimulate the economy still prevails, albeit nobody can point […]

  We have a very serious problem with Hillary. I was asked years ago to review Hillary’s Commodity Trading to explain what went on. Effectively, they did trades and simply put winners in her account and the losers in her lawyer’s. This way she gets money that is laundered through the markets – something that […]

  We rallied right up into Wednesday testing the convergence of overhead resistance and will now most likely return to retest support into Friday. The bulk of resistance stands at the 17000 level and support at 15960. This is the closing range of resistance and support. If this week proves to be the reaction high, […]

  The resistance in the Dow Jones Industrial Index for today stands in the mid 16700 zone on a technical basis. Targets in time for this week were Wed and Friday with the latter being the main target. ONLY a closing back above 17010 would signal that the low is in place for a broader term. […]

Arthur Burn’s testified before Congress on the economic crisis – the first to unfold in the new Floating Exchange Rate system that began in 1971. Keynesian Economics as practiced by government was dead anf taxes had risen to outrageous;y the 90% level until the first tax cut by Kennedy. Burns delivered his recommendation during the […]

  The conspiracy crowd keep swearing the dollar has to collapse and remain clueless that the world is in serious trouble. The impact of debt is far worse outside the USA than inside yet their myopic vision blinds them to the truth. Taxes are so high in Europe and this renders it is impossible to […]

The press is claiming over here that the central banks saved the super-rich by keeping interest rates low to help the stock market. While this reporting is still highly socialistic designed to hand even more power to government, meanwhile government just ignores the law to justify its own actions. The ECB buying of debt is […]

So far the Dow has held the previous day’s low and a higher close today will still point to a bounce into tomorrow, However, we are in the midst of a Pandemic of Uncertainty. This is becoming critical in Europe. While I am enjoying the weather here in Germany, the atmosphere is clearly uncertain spawning […]

At the meeting of the IMF and the World Bank, we began to see for the first time some blow-back against Obama’s hand-picket lawyer masquerading as the world leading of international finance. There were significant rifts between supporters and opponents of new state investment programs that LaGarde and Obama are trying to pull off taking […]