TITLE III PROVISIONS AMENDING THE TREATY ESTABLISHING THE EUROPEAN COAL AND STEEL COMMUNITY   ARTICLE H The Treaty establishing the European Coal and Steel Community shall be amended in accordance with the provisions of this Article.   1) Article 7 shall be replaced by the following: “ARTICLE 7 The institutions of the Community shall […]

  TITLE II (Part II) PROVISIONS AMENDING THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY WITH A VIEW TO ESTABLISHING THE EUROPEAN COMMUNITY ARTICLE 109k 1. If the decision has been taken to set the date in accordance with Article 109j(3), the Council shall, on the basis of its recommendation referred to in Article 109j(2), acting […]

Country Analysis Germany The probability of Germany joining EMU at start date is probabily UNQUESTIONABLE. Afterall, if Germany does NOT qualify, there will be no EMU. Still it is important to note that without fudging the books itself, Germany would NOT meet its own criteria for which it fought so hard and long to insure.Chancellor […]

Yearly 2013 2014 2015 2016 2017 2018 Turning Point T – T T – T Dir Change – – – D – – Panic Cycle – – – – – – Pattern D U U U U D The computer models will be accessible very soon in time for the craziness this fall. This is […]

The whole idea of “socialism” is based upon the same theory that led to the overthrow of the Shah and the birth of Islamic Radicalism in 1979. What is the connection? Both hold that the private sector cannot be trusted and that the state should manage the economy. In Iran, it became the religious clerics […]

Back in 1997, we warned that our computer model was forecasting that by 2016, we would see a tremendous rise in third party activity. This was our forecast back then and most said what is your computer drinking over there? The blue line in this chart showed the historical 3rd party movement and how it […]

Is there gold in Fort Knox? That question is completely irrelevant. Why? Will it really make a difference? The stories of no gold in the vault are just spun by people so desperate to support a gold bull market it is just crazy. I was given a tour of the NY Fed years ago and […]

QUESTION: Do you run your model on the VIX and can you run your volatility you illustrated at the Princeton Seminar on volatility? ANSWER: Yes. It does not matter. Strangely enough if you create a index of stocks that only closed higher on Tuesday, it amazingly conforms to the 8.6 cycle, technical analysis, and volatility […]

QUESTION: You seem to be the only person who distinguishes between a “countertrend reaction” and a “reaction”. Can you illustrate the difference? ANSWER: Reactions are typically 2 to 3 units of time regardless of the level be it daily up to yearly. They are part of the “trend” and normally count as part of the […]

Many academics are truly amazing. They talk in circles, assume they are far above everyone else, and thus pontificate from the Ivory Tower without ever stepping foot out the door. There is a growing  consensus that deficits no longer matter. WHY? Because they cannot explain how government has run persistent deficits yet nothing has happened. Therefore, […]