The FT ran a commentary entitled, “The case for retiring another ‘barbarous relic'” on paper money. Money has historically never been a store of value for money is on the opposite side of tangible assets. Even when gold was used as money during the 19th century, its discovery in California was highly inflationary. Rooms for rent in San […]

  QUESTION: What will happen after 2015.75? Can you share anything? Thanks from those who cannot attend your conference PD ANSWER: All systems tend to collapse in ten 8.6-year waves, and the last 4.3 years are typically the worst. That is what we should see between 2015.75 and 2020.05. By comparison, the Roman Emperor Valerian I […]

Back in the 90s, we would outfit schools with computers because, in my judgment, computer science is probably the most essential qualification next to reading. You can even get a pocket calculator to do your math, and you can have phones read your text messages, but the one skill set that children cannot do without […]

  Government talks about Islamic terrorists, but their number one fear is YOU. The internment camps are for you, not Islamic extremists. Government CANNOT honor its promises so it will not even try. They are confiscating money everywhere, doubling fines, and punishing people for insane things. A neighbor received a ticket and a $200 fine for […]

The failure of the Dow to close above 17007 confirms that we are not yet ready to take off to the upside. We needed a closing ABOVE 17007 to firm up the market to state definitively that the August low will hold and new highs are ahead. We needed a minimum closing ABOVE 16632 to firm up short-term support. The […]

The DOW recovered for the close of August, holding key support and last year’s low. Make no mistake about it, we now need to hold last week’s low in order to see the Dow continue to advance into 2017. A breach of that low will warn of a slingshot type move setting up. That would […]

On the monthly level, the DAX has not yet given a long-term sell signal. August indeed produced the Panic Cycle the computer highlighted for August, and we still see September as a target for a turning point. If the DAX can establish a low with the ECM, then it will be in a position to […]

You can always expect a quiet session when one of the major centers are out for a bank holiday, and that was what we saw yesterday. Not that dealers needed much of an excuse after last week’s fun and games. Asia did have a weak session after all the talk of the possibility of the Federal Reserve […]

Before, I never had to pay when I picked up medicine for my mother. Ever since Obamacare, I have to pay a fair amount. Now, almost one-third of the roughly 50 million elderly Americans who depend on Medicare for their healthcare and other services are likely to see their premiums jump by 52% or more in 2016. […]

CalPERS, California Pension Plan for government workers, is adopting policies that demonstrate that they are incapable of managing money. They cannot handle the “volatility” in stocks so they are moving into bonds, and whatever shortfall they produce should be made up with higher taxes. If you are in California, my condolences. This is a strategy […]