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Swiss Real Estate Turning Down

It was inevitable that the Swiss market would turn down once it surrendered its banking advantage. The flight from the euro help to mask that decline and transformed it into speculation. Now in Switzerland, we have reach record highs for the past 15 years in vacant single-family houses and apartments reaching 56,518 according to the Federal […]

Market Talk – September 14, 2016

The Nikkei gapped lower and despite several failed attempts to rally finally closed down 0.7%. The JPY after hitting the 103.50 level has traded stronger throughout the European and US trading hours gaining over 100 pips and was last seen around the 102.40 level. The Nikkei futures has had the opposite reaction and has slide […]

Draghi Cannot Admit He is Wrong

Mario Draghi cannot possibly admit that he is dead wrong in managing the European economy. This idea that continuing to lower rates will somehow inspire people to risk it all is just insane. This is even coming from Goldman Sachs, which means nothing for qualification. The people in the elitist banking group think that power makes […]

Refugees Vacation to Countries they Fled

It is just now coming out that some recognized refugees have been traveling back to the countries they fled to take vacations. This is further rubbing salt into the wound. Merkel’s government has been stupid in dealing with this entire issue from hiding rapes of German girls, betraying her own people, to starting classes to […]

Market Talk – September 13th, 2016

A very welcomed rally in the US found the desired effect upon Asia initially but sadly failed to install confidence required to convince and resulting in a mixed session. The Nikkei saw a healthy opening but lost momentum midway through the session. Towards the close we did see some buying interest which managed to close […]

The Failed EU Design – The Great Divide West v East

QUESTION: I saw you at your presentation in Dresden last year. Things in the East are rather different from the West in Europe. Do you have any comments on this great divide? Thank you for coming to Dresden. KMV ANSWER: There is a great divide in Europe between East and West that is rarely, if […]

Market Talk – September 12, 2016

Asia started off where we left the US on Friday with the selling pressure still dominant. The Nikkei cash opened down over 1% lower and did not look likely to break that decline at any time during the trading session. Eventually closing 1.7% lower the JPY saw the safety rush but interestingly not as dramatic […]

Bankers Laid off 100,000 so far

The numbers are in. Banking as indeed seen its peak. Banks in Europe and the US have dismissed 100,000 people last year, the bulk after 2015.75 . The decline is just starting. We are even witnessing the decline in bank employment now in China as well. The high flying jobs in banking have seen their best […]

WEC November 10th to 13th – We Added 50 Seats

For the General Public WEC, we sold out as usual. We have worked it out to add another 50 seats. The computer is managing this booking so I have not been on top of availability, I apologize. I have been busy programming and did not pay attention to this since it has been automated this […]

Market Talk – September 9th, 2016

Asia was a mixed with a strong Hang Seng (+0.75%) an unchanged Nikkei and a slightly weaker Shanghai (-0.55%), which after yesterdays ECB Q+A session was actually very promising performance. However, it was not to last and as soon as Europe opened then the selling began. It started in the fixed-income markets but by afternoon […]