After an initial opening surge in the Nikkei, briefly topping 17k, sellers appeared and drove prices lower to close the day -0.7%. The JPY was weaker throughout the morning session but had also turned stronger to balance the Nikkei swing. With the 10yr JGB having turned negative recently, this will squeeze banks and foreigners in […]

Ptolemy I – 305-283 BC Ptolemaic Dynasty (367?-283 BC) As king of Egypt 305 – 283 BC General of Alexander The Great Founder of the Ptolemaic Dynasty Upon the death of Alexander the Great in 323 BC at the age of 32, the newly created Greek Empire fragmented. No one general or heir was strong enough to […]

The elitist press are starting to realize that they are the problem. “Trump voters are a coalition of the dispossessed. They have suffered lost jobs, lost wages, lost dreams. The American system is not working for them, so naturally they are looking for something else. Moreover, many in the media, especially me, did not understand how […]

Goldman Sachs is at the center of a probe into the rigging of U.S. Treasury Auctions, which was the same allegation that resulted in the Treasury shutting down Salomon Brothers in 1991. I wrote about this incident when Salomon was caught. The fact that such rigging in commodities markets was standard for decades was common knowledge. When […]

Things have gotten far worse in Germany ever since the Cologne sexual assaults by the refugees. The press tends to hide the crisis. Nevertheless, drawing only from German media reports that have made it to the public, a list documenting more than 160 instances of rape and sexual assault committed by refugees in train stations, […]

The man who made Wall Street famous was John Gutfreund, which he always pronounced as GOOD-friend, has died at the age of 86 who became known as “King of Wall Street” back in 1985 for building the Investment Bank and bond trading house of Salomon Brothers into the number one underwriter in the world, the […]

Why Trump Haters Really Hate Trump             It’s not the hair.             Or the bad manners.             Or the “beautiful” wall he says he’ll build.             There’s a different, more subtle reason why the Republican establishment, donor class, political operatives, and the news media in general […]

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 […]

The government is demanding Apple to create a program to hack phones under the excuse of “terrorism” as a threat to national security. The FBI in New York ordered Apple to unlock the phone of a local drug dealer, but Apple refused. On Monday, a federal magistrate judge in New York said no. Magistrate Judge […]

The results from Super Tuesday. Is it too early to rule out the possibility of a third-party candidate?