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Month: November 2015

The Cocktail Party

Our staff did a great job and these events are turning perhaps more into annual college reunions. All your compliments to the staff are greatly appreciated....

Catalonia votes to Separate from Spain by 2017

The regional parliament of Catalonia has now approved a plan to set up a road map for independence from Spain by 2017. This is in direct defiance of the central...

Market Talk — November 9, 2015

On Sunday, we saw the release of some weak Chinese data (exports fell 6.9% whilst imports 18.8%) resulting in a high trade surplus of $61.64bn. The Shanghai Index...

Manipulations & Exaggerations

QUESTION: Why do you say the banks do short-term manipulations but not constant manipulations? ANSWER: Because it is absurd. There is no profit in perpetual...

Quantitative Easing & the Illogical Conclusion

The ECB does not reveal in detail its QE and most people have no idea that its asset-backed securities (ABS) and covered-bond purchases are actually carried out by...

Mathematics & Dark Age

We tend to judge far too much by our own times. What cannot be overlooked is the lack of mathematics following the Dark Ages. When numbers were Roman numerals,...

Red Light Traffic Cameras & Money

The huge difference between the USA and Europe happens to center on the criminal trial of Sir Walter Raleigh. After the death of Queen Elizabeth on March 23, 1603,...

The Dow Positioning Itself to Breakout in 2016?

The Dow has been electing Daily Bullish Reversals since the start of October. Given the fact that the DAX did break last year’s low on the ECM target and...

30th Anniversary of the World Economic Conference Begins Today

Welcome to this year’s World Economic Conference marks our 30th anniversary since the first in 1985. Ironically, it is being held across the street from...