The Dow did not elect any bearish reversals. During a breakout, the market typically falls back to retest the channel from which it broke-out. Any sustainable pause require a closing below 17235 for starters. A close below 17644 will suggest a move back into the upward channel. Nevertheless, the first hurdle remains in the mid […]

A new bill passed last week in Illinois would make it a felony to secretly tape any “private conversations,” with steeper punishments for those surreptitiously recording the police. Critics of the proposed law claim it would scare citizens from recording interactions with law enforcement, following a number of high-profile police killings caught on camera. Instead of protecting […]

The US market has been hit in sympathy because of the chaos outside. This should be expected. We have warned that China peaked in 2007 and is headed lower. The US is the ONLY game in town and the US economy has been holding up the entire world. But the growth in the USA is […]

The demands for political reform in Thailand are interesting. They give some hope that real democracy can perhaps work. The National Reform Council panel on political reform yesterday reached a consensus on the direct election of the prime minister and the cabinet, election of MPs from large constituencies and election/selection of senators. Sombat Thamrongthanyawong, chairman […]

After a long debate in the EU, the ESM may now help ailing banks directly. The euro bailout fund could jump in but only viable large institutions if all other auxiliary facilities are maxed at national or European level.

The high-flying banks are at it again. There has been lobbying going on to sneak a clause in the continuing resolution to fund the government over the holidays for the December 11th deadline. The provision they are trying to sneak in would allow the banks to trade derivatives through subsidiaries that are federally insured by the […]

  I just did an interview about the movie with Aljazeera for Europe and the Middle East. One question was am I not scared about the “government” after what I went through. There is no single “minded” government. There are individuals among the unelected under-belly of government that abuse their power all the time. One […]

  Crude oil has collapsed under $65 to a new five-year low on predictions that oversupply would keep building until 2015. Indeed, We are preparing a special report on Energy. Some people have assumed this is a covert manipulation to bankrupt Russia. This is not true. We are in the last throes of the collapse […]

  Numerous emails have been coming in about what is “Big Bang” that we originally forecast at the 1985 Conference. To put this in plain cyclical terms, there has not been a trend that lasts for more than 26 years without serious change.   Originally, the depression that followed 1873 lasted for 26 years with […]

The nice think about our clients is the global diversity. From Germany, a reader informs us about the claims for the 1906 San Francisco earthquake also send capital flows pouring from German insurance companies to California. Indeed, the economic trends in Germany were set in motion at this time as well. I can confirm that […]