There has been a major political uprising in Germany. For the first time, the Green Party has beaten the establishment in Baden-Württemberg. I have been warning that Trump is not some freak show. This is a global uprising we are watching in politics as we head into  2017 – the year from political hell. We are, indeed, […]

The central bankers are simply crazy, not evil. They are trying to steer the economy by utilizing this simpleton theory that if you make something cheaper, someone will buy it. Japanese and German cars managed to get a major foothold in the U.S. because the quality of U.S. manufacturers collapsed, thanks to unions. The socialist […]

While the markets have cheered the public admission that the central banks have completely failed in their quantitative easing and they will now buy more for longer, the technical profile is not as buoyant as it might appear on the surface. We have at least begun to enter the resistance area, but we have still […]

Asia performed across the board with gains of between +0.5% to +1.1%. We have seen that carried forward into US trading with futures adding 1.5% to the cash closes. I want to move-on quickly to Europe today as this is where we are receiving many questions. The first thing we need to highlight is the why stock […]

“Rates will stay low, very low, for a long period of time and well past the horizon of our purchases,” Draghi declared. “From today’s perspective and taking into account the support of our measures to growth and inflation, we don’t anticipate that it will be necessary to reduce rates further.” The ECB cut its main interest […]

The surprise rate cut by the New Zealand Central Bank earlier this morning spooked a few markets especially ahead of the ECB later in the day. The Nikkei liked the news which resulted in a +1.3% rally but that has been reversed after the wests reaction to the ECB this evening. In late US trading […]

Neil Bush joins Cruz The Bush clan is now backing Cruz. Cruz’s wife, Heidi, is a managing director at Goldman Sachs. Astonishingly, Cruz forgot to disclose that Goldman Sachs gave him a loan to campaign. That would be plausible if hundreds of people did that. But how could you “forget” that your wife’s employer gave you […]

All core Asian markets closed down but off their lows. Shanghai was down almost 4% in the morning session and so a -1.3% close almost felt like an up day! All eyes still seem to be concentrating on the RMB against the USD, fixed on every daily move. It is worth monitoring the RMB against a basket […]

Most people are clueless as to the legality of what they are doing when they vote. You think you are voting for a candidate, but you are actually voting for delegates to represent you. The delegates will represent you on the first vote at the convention and then they are free to vote for whoever […]

  Weaker than expected trade data ($32.59bn v Expected $50.15bn) from China saw equities open around 3% down, but that created the day’s low and the market steadied from that point. The Shanghai spent much of the day struggling to recover but recover it did and closed up on the day +0.1%. In Japan, consumer confidence fell […]