Private Blog: Hero, Villain, Victim

I have a new Market Report up on Patreon for those subscribed. We talk about how Nancy Pelosi's slide into madness will be her undoing and why Theresa May may just wind up being the Hero of Brexit. The Private Blog is for Patrons at the $4/month or higher pledge level. Sign up with Patreon … Continue reading Private Blog: Hero, Villain, Victim

5G, Huawei and Us — The U.S. Hates Competition

While no one, including me, doubts that the intensity of corporate espionage that goes on in the tech industry the latest news in the Trump Administration's assault on Chinese telecom giant Huawai should dispel any doubts as to what the real issue is. The Trump administration is preparing an executive order that could significantly restrict … Continue reading 5G, Huawei and Us — The U.S. Hates Competition

Euro Gold Ratio is a Canary in the Monetary Coalmine

For weeks I've been telling my subscribers that something changed in the gold market. Since Donald Trump's election there was a pretty clear pair trade between the U.S. dollar and gold. And that trade was most manifested in the price of gold in euros. During last summer gold experienced its worse (in terms of time) … Continue reading Euro Gold Ratio is a Canary in the Monetary Coalmine

Political Nightmares Multiply for Europe Ahead of Davos

Europe's dreams of integration are slipping away as the people wake up from the nightmare erected for them. As we approach Act IX of the Yellow Vest protests in France and the threats of creating bank runs we get the news that both Presidents Trump and Macron will not be attending the convocation of globalists … Continue reading Political Nightmares Multiply for Europe Ahead of Davos

Macron May Trigger Debt Crisis with Yellow Vest Crackdown

The Yellow Vests have reached critical mass. And the movement has now created the perfect storm for President Emmanuel Macron. He can no longer ignore it, even though he tried to do so. And his lack of understanding of the situation as well as his open contempt for his opposition has placed him in a … Continue reading Macron May Trigger Debt Crisis with Yellow Vest Crackdown

A Stable Ruble is the Key to Russia’s Survival

The Russian ruble moved sharply this week as the global equity and commodities rout continues in the wake of the Federal Reserve raising interest rates. Russia's central bank over-reacted to a rise in inflation as the global economy moves towards a chaotic and politically dangerous 2019. Oil prices are moving in sync with equities as … Continue reading A Stable Ruble is the Key to Russia’s Survival

Private Blogs — The Fed Hikes, Now What?

I have two new private blogs up for Patrons. The first is yesterday's video Market Report where we discuss the ramificiations of Trump's announced pull out from Syria and trends within Central Bank activity vis a vis the rising dollar. That's a standard post for $4/month patrons and above. For those who want a taste … Continue reading Private Blogs — The Fed Hikes, Now What?

Inflation Targeting Madness: Russia Raises Rates Again

I continue to wonder who Bank of Russia President Elvira Nabuillina works for.  Seriously.  On Friday, in response to solid growth in Russian economic statistics over the past few months, Nabuillina again raised interest rates 0.25%.  She still adheres to idiotic IMF-style 'inflation targeting' dogma. Price inflation in Russia finally got off the roughly 2.5% … Continue reading Inflation Targeting Madness: Russia Raises Rates Again