The Libor Fixing Scandal of interest rates has shown precisely what I wrote about in Behind The curtain. I have personally witnessed the trading mentality of the commodities trader from the ’70s consume Wall Street when it began with the PhiBro takeover of the bond trading house Solomon Brothers – the mentor of so much […]

The Dow Jones Industrials has rallied in the face of incredible skepticism with a litany of reasons why it shouldn’t be happening, that are of course all domestic oriented. This is fantastic for it shows the market is NOT historically at a high. Bubbles come when the vast majority claim the rally will never end. What is […]

Understanding correlations is important. EVERYTHING fluctuates! There is absolutely nothing that remains constant. You MUST understand that correlations are NOT one for one, and often show changes in advance of turns. It is a lot to keep track of but this is why I try to post a global view to help you see the […]

The Dow makes new highs. Sorry: This is an international market NOT simply domestic. The key to REAL forecasting is global NEVER in isolation. You simply cannot forecast ANYTHING in isolation. Now the gurus will come out claiming to have called it as they always do. Just ask how? This model has been unbelievable on […]

We have defined inflation in our Glossary as: Inflation  – Normally defined as the rate of percentage increase on an annual basis within the general price level.  Most often calculated from the rate of change in the CPI index. This is further defined by government as the rise in the price of goods and services. However, […]

US Colonial Courthouse Philadelphia   Why Innocent People Plead Guilty (by Judge Rakoff) Hammurabi Legal Code – 1780BC Blackstone – Commentary on the Laws of England Magna Carta Body of Liberties 1641 Mass Bay Laws & Liberties of 1648 Mass. Bay English Bill of Rights 1689 Declaration of Independence Constitution of the United States   United […]

I have explained the Golden Rule of Corrections. Once you extend in anything beyond a time unit of 3, you are then in a change in trend. The Greek recession, and most of the Western World, began in 2007. We began with the Greek Debt Crisis precisely to the day on the Pi Target from […]

It appears the cuts will take place. The president’s purpose in calling the meeting at the White House Friday morning is just theater. Obama is doing what he thinks the public expects on the brink of an important budget deadline. The Republicans may not have the votes to stop the cuts for their own members […]

Diego Maradona, the Argentine soccer star who played for Italy between 1984 and 1991, is charged with owing Italy more than 32 million euros in tax. Upon visiting Italy, on one occasion they confiscated a diamond earring and auctioned it off. Then again they took his watches and sold them upon visiting Italy. http://www.bbc.co.uk/news/world-europe-21586345 The […]

Dave Janda, the host of Operation Freedom, had a guest on his show who informed the listeners that based upon information he said came from a high-level military officer that there is an Obama Administration’s new “Litmus Test” whereby senior officers are being asked would they be willing to order troops to fire on Americans if […]