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It’s now a Turkey shoot!

August 11, 2018 // 0 Comments

A few days ago, the MSM was focusing on the trashing of China’s currency.  Suddenly, it’s now Turkey’s lira making major headlines. What will it be next week?  Of course, there is not a shortage of candidates, as euro weakness demonstrates.  But what strikes me is the rapidity of bearish events unfolding in this ‘slow’ month of August.  [...]

Divergences are marking major turns

August 4, 2018 // 0 Comments

At significant market turns, such as we are now in, divergences between related markets proliferate and become stark.  We have them in stocks and gold/silver. Such is the case in stock markets where the leaders in the current stock market push are getting thinner with fewer generals leading the weary troops who are flagging badly. This shows up in the divergent action in [...]

Facebook is now face down

July 28, 2018 // 0 Comments

Facebook has been grabbing MSM headlines again – but for all the wrong reasons.  Most of these headlines point to the ‘loss in value of $19 billion in one day – the biggest one day loss in US corporate history’. Actually, the plunge took only two hours to unfold from $190 to $164 starting at 9 pm UK time when not too many retail traders were in [...]

Has the China Debt Bubble finally popped?

July 21, 2018 // 0 Comments

In the West, private, corporate and government debt is at record high levels. That is no secret.  All could be considered as bubbles.  But it is China that wins that race my a country mile.  I have lost track of the number of billions in debt in the Chinese system – estimates do vary, but it is undoubtedly very large.  And now, GDP growth in China is falling [...]

Are all pension plans safe?

July 13, 2018 // 0 Comments

One of the dangerous drawbacks of Western-style ‘democracy’ is that in order to get elected, a political party has to promise more give-aways than the other guys.  The current boost here in the UK to the NHS is a case in point. Naturally, an increase in spending has to be financed by more borrowing or more taxes or both. When the economy is in the early [...]
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