I promised everyone at the San Diego Conference that I would make a first hand account of the world economy on this trip. Hong Kong property is at record highs. Mainland has let Hong Kong largely alone. In China, what I observed in 1997 when I was invited by the Government to assist after […]

We are preparing a Special Asian forecast for the Bangkok Seminar. We will be reviewing Asia on a country by country basis and have been reviewing things in China as well, which will be critical for the Global Economy. Bangkok Seminar November 2nd & 3rd

Gold is still in a position to press higher. Next week remains a target for rising volatility and the week after a turning point. The numbers are the numbers. We need a weekly closing ABOVE 17997 to signal a retest of the old high. But gold is not yet ready for the breakout. That appears […]

In China, the top scandal is about corruption. The story of Bo Xilai, a charismatic and ambitious politician, who was the Communist Party secretary of China’s sprawling Chongqing municipality. The papers talk about how he was driven by the greed of his wife. At least it is in the open and being discussed. This stands in contrast to […]

One of the Question at the San Diego Conference was about the acceptance of cycles in the West. In Asia, cycles are part of their religion. In the West, the Business Cycle has been acknowledged by everyone of any substance, The theories of Marx and Keynes had a common denominator – government can eliminate the […]

One of the primary mistakes that the Federal Reserve is making has been to follow the same policy of Japan with exceptionally low interest rates. While the theory that lower interest rates will stimulate borrowing, the false assumptions are many. (1) banks will pass on the savings, (2) they ignore the devastation imposed upon the […]

Tensions Continue in Greece Tensions in Greece mounted over Greece’s impending need for more financial aid and its plan to make additional budget cuts in order to qualify for aid.  Both internal and external pressures are squeezing the Greek government.  Hundreds of thousands of Greek workers staged a strike Wednesday to protest the anticipated new […]

  The Rediscovery of the Business Cycle In 1978, former Chairman of the Federal Reserve made it clear in a publication the Charles C. Moskowitz Memorial Lectures stating: “The Rediscovery of the Business Cycle – is a sign of the times. Not much more than a decade ago, in what now seems a more innocent […]

The Bangkok World Economic Conference will be held November 2nd & 3rd. The Berlin World Economic Conference will be held December 1st & 2nd. Please register now for these important conferences.

France’s richest man Bernard Arnault is called an asshole by the left-wing French Newspaper Libération as Arnauld seeks Belgian nationality before introduction of 75% tax by the French Government. Bernard Arnault, who said the Libération headline was vulgar and violent. He is the head of the LVMH luxury group, and the headline “Casse-toi riche con!” which when properly […]