image_pdfimage_print

It Is Being Reported That Turkish Military Forces Have Entered Syria

There are international news reports that claim that Turkish military forces have entered Syrian territory and have established positions near the towns of Azaz and Afrin.  If these international news reports are true, then Turkey has essentially declared war on the Assad regime.  Back in February, I warned that escalating tensions in the region could be the spark that sets off World War III, but things seemed to cool down a bit in March and April.  However, this latest move by Turkey threatens to take the war in Syria to a whole new level, and everyone will be watching to […]

Read More

The Dumb Money’s at It Again: Always the Last Sad Sack to the Party…

New home sales just went up a staggering 16.6% in April. 619,000 new homes were sold – the most since early 2008 just before the worst of the housing meltdown, and the highest rate of growth in 24 years. So is this a sign that the economy is back on track? Don’t count on it. Home sales, like jobs, is a lagging indicator, not a leading one. It’s a sign of where we’ve been, not where we’re going. So this isn’t a big surprise to us. In fact, this is just like stock indicators near a peak. The dumb money […]

Read More

Who’s Buying And Why? — The Transactions Approach

Theory turns toxic when institutionalized. Need an example? Just look at modern economics. Economists surround themselves with models that are supposed to predict everything from inflation growth to GDP. But do they work? Eh… not usually. These models wind up failing because they try and take a perfect, fitted theory and apply it to a messy and often times random world. Think about the basis of all economics. It assumes that each player is “rational”. Ha! If only these economists could meet a few of my ex-girlfriends… Just the other night our team met up with one our friends on […]

Read More

S&P Significant Low has Occurred – Not Likely!

There are patterns in markets. Yes, the Fed and High Frequency Traders influence markets, but we can learn from past patterns in the S&P 500 Index. Using weekly data, the S&P made a high in March 2000, fell to an initial low in April, rose, and fell to a second low in October 2000.  It rallied and fell below the second low in February 2001 – never to look back.  From high to final low took 931 calendar days and price fell about 51%. Examine the following chart and note the H, L-1, L-2 and a final low. A similar […]

Read More

Bill Kristol Announces That ‘There Will Be An Independent Candidate’ To Sabotage Donald Trump

It has long been my contention that the elite are more than willing to do whatever they have to do to keep Donald Trump out of the White House.  There are many forms that this could take, and one potential option just became a little bit clearer.  On Sunday, the founder and editor of the Weekly Standard, Bill Kristol, announced on Twitter that there “will be an independent candidate–an impressive one, with a strong team and a real chance.”  Kristol has very, very deep ties to the Republican elite, and so this is certainly not an idle threat.  At this […]

Read More

The TSA Totally Screwed This Up

My wife hates to fly. It’s not the planes that bother her, although she’s no fan of turbulence. It’s the security process. There’s something about passing through a low-level X-ray machine that can see through your clothes that gives her the willies. Who can blame her? And then there’s the Transportation Security Agency (TSA) agents themselves. Why is it that six or seven seem to be just hanging out while three of them work one security machine, as 200 people wait in line? Whatever the reason, expect it to get worse this summer, and it’s the TSA’s fault. Last summer, […]

Read More

Dozens Shot Over Memorial Day Weekend As The Collapse Of Chicago Accelerates

Chaos and violence threaten to spiral out of control in America’s third largest city, and nobody seems to have any idea how to solve the problem.  After decades of control by the radical left, many parts of the “Windy City” have become rotting, decaying, gang-infested hellholes.  Just like Detroit, the city of Chicago is rapidly becoming a joke to the rest of the world, but a horribly corrupt political culture likely stands in the way of any type of major reform any time soon.  And just like much of the rest of the nation, a spirit of violence and civil […]

Read More

The Eurogroup statement on Greece, annotated

The Eurogroup (part of which is pictured above) has produced a statement on the outcome of the latest debt talks with Greece. As ever with Eurogroup statements, it confuses more than it enlightens. So here is my attempt at translating Eurogroup-speak into plain English.__________________________________________________________________________________ The Eurogroup welcomes that a full staff-level agreement has been reached between Greece and the institutions.  Phew. We got that through before the Brexit referendum. Also, the Eurogroup notes with satisfaction that the Greek authorities and the European institutions have reached an agreement on the contingency fiscal mechanism, which is in line with the Eurogroup statement […]

Read More

Have we done enough to prevent another financial crisis?

Notes from a talk given at Trinity Business School, Dublin, on 26th May 20164 Well, it depends what sort of crisis you mean. Have we done enough to prevent a crisis like the last one? Yes. We have scared ourselves so much about the dangers of disorderly bank failure that no way are we going to allow that to happen again – at least, not until we who lived through the crisis, and our children and grandchildren whom we tell about the crisis, are long gone and our legacy forgotten. No-one now would allow a bank like Lehman to fail. […]

Read More

6 Giant Corporations Control The Media, And Americans Consume 10 Hours Of ‘Programming’ A Day

If you allow someone to pump hours of “programming” into your mind every single day, it is inevitable that it is eventually going to have a major impact on how you view the world.  In America today, the average person consumes approximately 10 hours of information, news and entertainment a day, and there are 6 giant media corporations that overwhelmingly dominate that market.  In fact, it has been estimated that somewhere around 90 percent of the “programming” that we constantly feed our minds comes from them, and of course they are ultimately controlled by the elite of the world.  So […]

Read More