The arrogance of people who try to claim that Pi has nothing to do with the business cycle is really amazing. They assume that a business cycle means we have no free will. They are ignorant of the fact that collectively we display mob or herd behavior. That does not negate you individual ability […]

If not for the Autumn Statement by the Chancellor George Osborne in the British Parliament today, I think dealers would have called an early night ahead of the long weekend in the U.S. Asian equities were really nothing to write home about, closing mixed Nikkei and HS lower with Shanghai firmer. In Europe, the DAX and CAC were the […]

  EU President Jean-Claude Juncker has warned of the end of the single currency if EU members resurrect border controls once again. This statement reflects the internal dissent with Germany over the refugee crisis. It certainly seems rather insane that Europe just open its doors in this manner with the inability to truly screen those […]

We will be sending out over the next two days ahead of the Berlin Conference the Special Year-end Report covering Currencies, Metals, Energy, Wheat, and major Share Markets with the Year-end Reversals to watch as we head into 2016. (Note: This is ONLY available for those attending the World Economic Conference) Currencies included: A$, C$. […]

The Republican Party tried its best to destroy Donald Trump. Like the French Royalty, they learned nothing and have merely tried to retain power by blocking out the rising storm of the people they consider the Great Unwashed. The Democrats are no better. They have the audacity to push Hillary in our face and ignore […]

QUESTION:  Thank’s your down to earth’ blog updates which even ‘not economist’ will understand. My question is from US dept ceiling limits. Before this month,November, in the news was quite a lot of from this issue but after ‘D-day’ 03.11 or 05.11. Nothing happened… Or I can’t find anything from the search engine aka corporate […]

  COMMENT: Dear Martin, From reading your blog and other news I can conclude that the low interest rate has failed to increase the private business activities to the level that normally would require an increase in interest rates. The arguments now are to increase interest rates to save pensions funds and to be able […]

There is something not quite right about this entire incident of Turkey shooting down the Russian fighter jet and then attacking the rescue helicopter. Sorry, but Turkey is way out of line when they KNEW that Russia had no intention of attacking Turkey. A argument that Turkey will defend its borders implies there is a […]

The morning session in Asia was rather dull but all recovered in the afternoon into positive territory with the exception being Hang Seng (which was still down -0.3%). Europe drifted into the negative shortly after the open as news was still focused on the nervous Belgium shut-down. All trading was dull and in thin conditions […]

The expedited meeting at the Fed unnerved many. While no economic policy change should be expected before the December 15-16 meeting, the Fed is clearly not in the camp of negative interest rates. They are looking to raise rates to aid pension funds and you cannot lower rates to “stimulate” the economy (although that never […]