I just want to say thank you for all the emails I have been getting. These are difficult times, indeed. Nevertheless, the upside is that these tumultuous times are the precursor to reform we all long for. We are all in this together and I am fighting for my grandchildren. I will be gone so […]

We are witnessing a phenomenal shift in real estate where everyone is bailing out of urban cities throughout the country. Even property in the Hamptons has been exploding with people fleeing NYC. While many hedge fund managers are moving to Florida and thousands of companies are fleeing California to Austin or Dallas, Texas, many others […]

  QUESTION: If there is anyone who has fought the club it is you. Keeping you on civil contempt for 7 years when the statutory maximum is 18 months and they released you only because the Supreme Court was taking your case as an example of the corruption in New York. HSBC pleads guilty criminally […]

  Chinese President Xi Jinping at Davos in Switzerland attended by video. He continued to defend globalization also referring to multilateralism and climate change. However, he never mentioned either Trump or Biden but he did criticize the US trade war with China. He did warn that any conflict between Beijing and Washington would be bad […]

  COMMENT:  I find it interesting how the two worse-run states in the country are the ones who lead Congress. This does not give me confidence in the future. EH REPLY: You have a point. They are the two states California and New York with the highest number of people fleeing, yet their representatives are […]

QUESTION: What is a “district” ( DC ) versus a “city” versus a “state” vs a “territory”? I’m confused about the definitions used and what it means. Is DC then part of the US or does it reside on its own land like the UN in NYC does or the land the federal reserve sits […]

ASIA: Barring another wave of COVID-19 infections, the worst is over for India’s economy and policymakers may soon have more room to support a recovery, the central bank said in its January bulletin released on Thursday. The RBI slashed interest rates early last year to cushion the shock from the coronavirus crisis, but has left […]

QUESTION: In your opinion, how serious is the idea of taxing unrealized capital gains? That would sure make the decision a lot clearer for big money on where to park. 3% in China sure beats big taxes in the Dow. Unless big money doesn’t trust China. DS ANSWER: I seriously doubt that they will do […]

The market will come to a decision probably in Feb/March about just how crazy Biden will get. The greatest fear is they will pump up the numbers of COVID to justify a national lockdown following the WHO and Europe which is really all about crushing the economy for the purpose of Build Back Better green. […]

The first financial capital of the United States was Philadelphia. A walk down Chestnut street and you will see all the old banks which have been turned into mostly restaurants. That was the home of the Bank of the United States which Andrew Jackson was intent on destroying. But Philadelphia continued to be the financial […]