Overnight the Chinese data that the whole market was waiting for actually missed on the estimate (forecast was 6.9 but actual came in at 6.8) but all was forgiven after the PBOC injected more liquidity combined with rumours of additional supporting measures! The Shanghai Index loved the move and returned a 3% daily push. In […]

President Francois Hollande has publicly stated that the French economy is now in a state of “economic emergency.” He set out a €2bn job creation scheme in a desperate attempt to lift France out of an economic death spiral created by his socialistic policies that have raised taxes and chased out those who create wealth and […]

The opening in Asia was the main discussion point for most dealers today. Oil hitting its lowest price ($27.65) since 2003, the Nikkei trading down 2% in the first 30 minutes of trading, and the Chinese raising the off-shore yuan all helped to spook markets. However, finally the fears were short-lived, and by close the […]

German Finance Minister, Wolfgang Schaeuble, has called for a new EU-wide tax on petrol to pay for the refugee crisis that Germany has created. This is a EU-WIDE continental tax, not one limited to Germany. So now all Europeans must pay for a gross mistake that Merkel made by inviting the refugees into Europe. The […]

German Federal Constitutional Judge, Udo di Fabio, says the German federal government is constitutionally obligated to take control of border security when European institutions are impaired. Judge Fabio correctly stated: “The Basic Law does not guarantee the protection of all people worldwide through de facto or legal entry permits.” The constitutional duty of any head […]

Portugal is starting to bail-in banks. The fascinating aspect that nobody seems to see is that this is a total failure of socialism. The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when the banks could not […]

We did NOT elect  the Weekly Bearish today in the Dow Jones Industrial Japan tried to hold overnight gains but by the time the rest of the Asian markets opened it was too late and the selling pressure just increased with time. Nikkei closed down 94 points (-0.5%) but the futures quote dropped an additional […]

There was a time when a 2% price swing used to be something to write about! Asia returned a mixed session with the Nikkei (-2.6%) handing back most of yesterday’s gains. The Shanghai (+2%) recovered late in afternoon trading and finally the HSI (-0.56%) was way off of the opening lows. Early data in Japan […]

To some, this is a religious battle. To others, it is just a time to rip off a lot of people by selling fantasies and sophistry. I have stated this many times, so here it goes again: Gold rises when people lose confidence in government. It has nothing to do with inflation. So, you start […]

A mixed session in Asia (Nikkei +2.9% and Shanghai -2.4%) left just the HSI as the deciding factor and that closed stronger at +1.1%. Europe and the U.S. futures were all pricing in a stronger open and until mid-day (Europe) that was pretty much business as usual. Yes, we did see a turn in the […]