The Nikkei had a poor start but finished better as did Shanghai. HSI closed a little lower (-0.3%) but well up from opening levels. Europe was the main talking point yet again today and with a healthy bounce in both currencies and equities; many people spoke of nothing else. After suffering two awful days, we […]

Rating Agencies Testify Before Congress for their AAA-Ratings after 2007 Standard & Poors downgraded United Kingdom (UK), which is comprised of England, Northern Ireland, Scotland, and Wales, from AAA to AA. This shows emotional and political bias rather than any substantial change in economics; they are making good on their political threats of 2015. S&P […]

COMMENT: Soros has been long gold and sold all his stocks. He made a fortune. REPLY: No professional trader tells people what he will do in advance. Those announcements were made AFTER Soros took a position. I believe they were stories to create his exit. You get people rushing in who think they are joining […]

Sources are talking about desperate times in Brussels. The reaction in Brussels is never reform, but rather more draconian measures. A nine-page report exists discussing how the leaders of Germany, France, and Italy met in Berlin for BREXIT crisis talks. The solution? They want to shut down any democratic possibility of disagreement, as they know […]

As we expected weekend headlines would dictate Monday’s trading and that is exactly what we have seen. The GBP continues to fall spreading uncertainty and confusion around the globe. In the UK the opposition party (Labour Party – known as the Shadow cabinet) saw ten members resign on Sunday and an additional nine members resign […]

  While everyone is busy blaming the Brits, the real culprit is the EU. The audacity of various EU ministers demanding immediate withdraw is akin to a spouse who just discovered their partner was cheating. They may say beware of a woman scorned, well it looks like this applies to male politicians as well. The […]

  Many comments and emails are pouring in that our model correctly forecast BREXIT years in advance. Here is the picture for the next big chaos period — the US Presidential Election in November.  You can see that 3 out of 4 models show a Republican victory. Two of these show 60%+, which is unheard […]

Seven members of the Labour shadow cabinet have resigned and one has been sacked. Resignations so far include the shadow health secretary, Scottish secretary, transport secretary, and education secretary. Jeremy Corbyn is so far out of touch that he and Hollande simply remain in a total state of denial. Meanwhile, Scotland is showing its total ignorance of […]

  Brussels simply went too far. They crossed the line after moving from an economic union to a political subordinate of Europe. Now, six more countries want to hold referendums to exit the EU; France, the Netherlands, Italy, Austria, Finland, and Hungary all could leave. With Hollande’s approval rating at about 11%, Merkel is lucky […]

Our sources are saying that the central banks have come to an accord to cooperate in an effort to support financial stability in the wake of Britain’s vote to leave the European Union. This is akin to the Plaza Accord of 1985. Central bankers urgently gathered at the Bank of International Settlements in Switzerland to discuss the […]