I received a lot of emails after announcing that I would be in India this coming week. Here I am, updating from Mumbai, which was Bombay up until 1995. Mumbai is the 9th largest city in the world and home of the most expensive house in the world, located right here in the heart town. Mumbai […]

Our computer says that Bill Clinton will not get to dress up for White House Parties — what a shame. He would have been one of the sexier/flirtier First Ladies we’ve had in a long time. The election cycle for 2016 seems to be another forecast that the computer has been spot-on about. We will see […]

Researchers at the University of California, Berkeley (UCB) are developing computer chips to implant in the human brain for the purpose of data collection. President Obama began the BRAIN Initiative (Brain Research through Advancing Innovative Neurotechnologies) in 2013 to begin developing these intrusive devices. They claim the chip will be so small that people will not even notice it. Well, […]

With the exception of the bond sell-off yesterday, the markets behaved reasonably well – even in thin summer trading. This comes after Federal Reserve Bank of Atlanta President Dennis Lockhart’s comments that the Fed is poised to raise rates. Today, we saw a mixed Asian session for equities with both the Nikkei and HSI ending with small gains (+0.45%) whilst the […]

French customs officials received a tip that lead to the confiscation of a rare painting. The Guardian reported that French customs officers boarded a yacht docked off the town of Calvi in northern Corsica. They knew precisely what they were looking for: a €25 million Picasso belonging to a member of a Spanish banking dynasty. The Roman […]

Standard & Poor’s 500 Index has lowered the credit outlook for the EU as a whole to NEGATIVE. SPIEGEL Online reported, in addition to the new aid for Greece, one of the reasons for the negative rating includes the investment plan by President Juncker to spend more money. No one comprehends that increasing tax enforcement and raising taxes is not […]

The IMF has taken the position that it should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016. This seems to be political rather than economic. Then again, the IMF is acting far beyond what it was intended to do and is part of the Troika in Europe […]

None of the core Asian Equity Indices managed to trade in positive territory today: Nikkei (down 0.19%), Shanghai (-1.12%), and HSI (-0.92%). We saw weakness again in Asian currencies, and this mood worked its way in Europe as well. The first trading day in the Greek stock market after its official closure saw a 17% […]

Anyone who thinks this is about terrorism is pathetically naive. The NSA is a top-notch Tax & Economic Espionage (TEE) organization; with terrorism so low on the agenda, it is laughable. You do not collect every phone call worldwide of billions of people to sort out even 100 terrorists. They store all that data and can input your name and […]

Reuters is reporting that Merkel has decided to run for election once again in 2017. The longstanding joke in Germany is that either she will have to die while in office, or someone will have to drag her out. She would not know what to do if she was not in control of Germany, and thus […]