Tuesday, February 23, 2016

Everyone is getting rich except.......

The Davos World Economic Forum crowd are symptomatic of the unholy dynamics between big government, big business, and big media. As someone said, “They all benefit by the billions of dollars from this partnership, and it’s in all of their interests to protect one another. It’s one for all and all for one. It’s a heck of a filthy relationship that makes everyone filthy rich — everyone except the American people.”

Naturally, I agree with the above observations about the filthy relationship between big government, big business, and big media. I would add to this triumvirate “big academics,” Ivy League type of educational institutions, and central banks around the world. “In Davos the croupiers break bread with Authority.”

Nietzsche had a point when he wrote, “There are horrible people who, instead of solving a problem, tangle it up and make it harder to solve for anyone who wants to deal with it. Whoever does not know how to hit the nail on the head [including central bankers – ed. note] should be asked not to hit it at all.”

I hope my readers had a better start in 2016 than stock markets around the world

Tuesday, February 16, 2016

Wait for a spring rally before selling short

The market near term is very oversold. I think a rebound is overdue. We could get a spring rally, new new highs. I would wait for a rebound before selling or selling short.

I believe that the global economy is in a recession already. And I believe the political background in the U.S. is also going to create a lot of uncertainty because the two leading candidates are outsiders of the political establishment- Bernie Sanders and Donald Trump- and that may create further tensions within the financial service industry.


Tuesday, February 9, 2016

The Davos establishment are misinformed

Don’t listen to the people in Davos. This is the establishment. They all lie, they are all misinformed, they all pursue an agenda. So don’t even listen to them. These are the same people that two years ago told the world that China was growing rapidly and expanding and so on. So their credibility is undermined.