China continues to sell US Treasury bonds trying to keep the dollar down to aid the Federal Reserve. Saudi Arabia, however, has been in a different position having to liquidate US Treasury holdings for they are is a serious financial crisis. September shows a modest sale of $46 billion dollars. Private investors sales were $7.9 […]

Japan appears to be in a world of its own this week as not one day has it followed the rest of Asia. Yesterdays meeting between Prime Minister Abe and Trump has failed to produce headlines but I would not rule that out for the weekend though! On the week the Nikkei has gained over […]

While people keep criticizing Trump’s tax plan saying the wealthy will get more back by lowering the top bracket from 39.6% to 33%, all they focus on is class warfare. Trump’s tax plan collapses the seven federal income tax brackets into three, reducing the top marginal rate from 39.6% to 33%, and lowers the corporate tax […]

We hardly saw any excitement overnight other than the fact that the BOJ bought some 10yr JGB’s to keep yield around zero. This obviously has a detrimental affect on the currency and in late trading we see JPY trading close to 110. As a consequence of the weaker currency financial stocks traded heavy whilst the […]

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The Wall Street Journal wrote: “Securities and Exchange Commission Chairman Mary Jo White plans to step down in January, opening the door to a new Republican-appointed leader who could move to loosen rules on Wall Street and curb the aggressive enforcement approach Ms. White prosecuted.” To set the record straight, White has protected the big banks all […]

Again, we saw good performance from the Nikkei but with the currency attempting the 110 handle having a neutral ling affect. The index closed up over 1% on the day and was helped by the renewed OPEC rumour of potential output cuts. Other Asian exchanges were equally better bid but could not sustain their performance […]

USA Today showed this photo by Olivier Douliery, it portrayed the color purple as the very words handed to them by Clinton, Inc.: “Purple is the blend of red and blue. It’s one of three colors of the suffrage movement. And it has deep ties to Christianity.” Purple was the color of royalty. Nobody but the Roman […]

QUESTION: Dear Marty, The computer forecasted perfectly the Trump victory. Now some people are trying to prevent a Trump presidency. Is President Elect Trump going to be impeached or obliged to resign ? What does the computer is forecasting and what do you think about it ? Thank you very much, LB ANSWER: No. Trump […]

Despite a better than expected GDP in Japan (almost double expectations) yesterday failed to inspire much of a follow through today. That was the case until the cash market closed and it was only then that the Yen took a turn for the worse. In late US trading the Yen broke into the 109 handle […]