Despite recent escalation in geopolitical turmoil, the economic scene last week was rather sleepy. But it’s okay, this week will have it all! Draghi leading Europe rates to -.40% (yes, that’s a minus sign) PLUS an increase in the bond buying program to €75BILLION (from €60b), which in turn will flow into the US FED Yellen, “are we or […]

There is some good news today for some! No economic commentary this week! For obvious reasons. Those who read our meagre commentary know that we’ve been as anxious about the escalation in the global geopolitical sphere as we have with economic mismanagement, especially in the last couple of months. So, we’re not surprised at the escalation. […]

  Dennis Gartman, author of the institutionally well followed ‘The Gartman Letter,’ has asked questions about gold’s peculiar price action last week and raised the question as to whether there was official central bank manipulation of gold prices. Gold was 2.4% higher in October but fell 2% last week as the Fed again suggested they […]

ZIRP is an acronym for “Zero Interest rate policy”. NIRP is an acronym for “Negative Interest Rate Policy” and a phrase you’d better get used as we move through the next phase of this great Keynesian monetary experiment. You may have noticed the “threat” of a April, July, October and now December US Interest rate rise in the […]

Are the lows in stock markets in for the year as they celebrate the “bad news is good”(after shocking job numbers out of US last Friday) because it means there will no rate hike or will “The Fed” spoil the party by trying to salvage some credibility and blow up the financial system at the […]

  With rumours circling everywhere about who is actually on who’s side in this region, including the recent inclusion of China:   Lest we forget what this is all about.   Moscow, realizing that instead of undertaking an earnest effort to fight terror in Syria, the US had simply adopted a containment strategy for ISIS […]

So, for the 4th time this year the US Federal Reserve could not lift rates by even .25%, for fear of crashing the system, after 6 years of emergency stimulus.    It was ironically humorous to see the “business as usual”, “just keeping things steady”, “we’re in safe hands” reply from Financial Commentators.   This […]

We’re going to give the Gold Bears a shove today but before we do it’s hard to move on without addressing recent market gyrations. On Monday, US Fed board member, Stanley Fisher was interviewed on CNBC, post the weekends Jackson Hole Policymaker/Central Bank love in. With regard to the dreaded US interest rate hike due […]

Doesn’t really matter. After a week like the last, investors need to ask themselves, do they feel lucky? Luck, like Central banks are still in control and will can continue to bail out an over indebted, over leveraged financial system. Do they have the tools? Is there actually enough collateral in the system once everyone starts […]

Why was it this week that Australian investors woke up and asked themselves about the wisdom of supporting a capital raising for a big bank when they’ve been doing capital raisings in one form or another almost quarterly for many years? We wonder if the penny has finally dropped that each raising puts shareholders further […]