The press is claiming over here that the central banks saved the super-rich by keeping interest rates low to help the stock market. While this reporting is still highly socialistic designed to hand even more power to government, meanwhile government just ignores the law to justify its own actions. The ECB buying of debt is […]

I am here in Germany kicking the tires and taking the temperature of the core of the European economy. Interestingly enough, a survey has revealed that politicians around the world have the worst reputation among all other occupations. The people have by far the least confidence in world leaders. In Germany only 15% say that they […]

  Behind the curtain, the long list of those who support the USA against ISIS has no substance. Why? This is a religious war and therein lies the problem. The Muslin community is throughout Europe and the great fear is their citizens run to join ISIS and then return creating a sort of home-grown terrorists […]

COMMENT: Loved your candid picture of the little boy in Brussels taking a leak on Europe. It is so true living here. REPLY: Well, it is a shame but all governments are the same. Once they have power, they keep grabbing more and believe the world cannot exist without them. On the lighter side, if […]

The storm brewing in Europe with the European Central Bank (ECB) is its plan to buy bad debt from banks in the version of stimulating the economy. Of course this is indirect and will never save Europe – but it may tear it apart. The ECB and all who support them, have argued in their […]

Private armies for hire are becoming popular on all sides. For government, this is the greatest invention since taxes – no social benefits. Mercenaries fighting for the USA get about $141,000 a year. Even in Ukraine there are a number of mercenaries from Europe and other countries is on the rise. They fight on the side […]

QUESTION: Many thanks again for the stream of clarifying observations posted daily — hugely appreciated. I was struck when reading that 2015.75 could be a low.Would this not permit a drop to cross 11,750? And would such a resulting chart pattern not be remarkably bullish? In effect might not the drop be an amplified echo of that […]

  The Dow held the Daily Bearish at 16319. Therefore, if the low of 10/13 holds, we should bounce back into Thursday-Friday. But this would be just a bounce. We can see from the technical chart that once that uptrend line was broken, there was just the collapse. Typically, we would rally back and bounce […]

While the German municipalities are short €118 billion euros for infrastructure repairs, reorganization of the German state finances may force even higher taxes. The German budget next year will see social spending is likely to exceed the €50 billion euros level. This will be more than the total business tax revenue in the nation. Everything […]

French President François Hollande has brought his country to ruin and threatens to bring down Euroland with him. His insane budget plans have been admitted cannot possibly meet EU rules before 2017 and even that assumes some recovery. Meanwhile, Hollande has lost his last government partner. The PRG chief Jean-Michel Baylet on Sunday evening on television, announced […]