Category Archives for "Politics"

“A huge miss” says CNBC for Nov US jobs. Not really!

“A huge miss” was how CNBC’s Rick Santelli framed the November US jobs report, which revealed a ‘mere’ +235k net new private sector jobs were estimated by the BLS to have been added in November. Perhaps if Mr Santelli was to add back in the -175k decline in the seasonal adjustment that the BLS included […]

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Omicron variant panics (spoofs) markets

I guess no one saw this coming, did they? A new variant of the coofe, which is evading those expensive gene therapies and frightening all us sheep to keep taking our medicine and sign up for our social credit passports. Notwithstanding that these scary variants are a direct product of pushing a mass vaccination programme […]

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Hobson’s Choice – Rising rates or a currency crisis

Just how much red pilling can a market take?  How about the realisation that the economic recovery following the 2008 financial crash as been an illusion based on monetary easing that was conducted in a way to disguise the inflationary consequences, overstate economic growth while forcing investors up the risk curve, where they will be […]

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Singapore – another canary!

Is it a coincidence that Singapore, like Israel before it, is currently experiencing a surge in COVID deaths at almost exactly six months after the start of its vaccination programme?  Both countries were early adopters of a mass vaccination strategy to an approx 80% coverage, with Israel kicking off in earnest around the start of […]

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Norway – the COVID success story illusion

Norway stands out as an apparent success story on managing the COVID pandemic. Assisted by its small population and inaccessible communities, the strategy of digging a hole and hiding in it until a vaccine is available appears to have been vindicated by the low rate of infections and mortality, notwithstanding it having also pursued a […]

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US debt ceiling and the point of no return

What is the drifting gold price trying to tell us, because rising inflation and reckless government fiscal policies suggests impending currency debasement? Is this just another case of cognitive dissonance, that has accompanied COVID-19(84), or perhaps a temporary phenomena such as a big holder being forced to sell gold to raise USD to cover some […]

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June employment data – enough to keep the various bull(S) spin machines fed

June’s US non-farm payroll numbers probably contain enough straws for punters to continue to spin a positive prognosis for markets.  A further  rise in monthly private sector jobs of  +662k,  suggests the US recovery is building, but the modest increase in average earnings, given these are focused on the lower paid and more transitory jobs […]

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Goldilocks, or just cognitive dissonance?

So 9 years after Mario Draghi salvaged markets with his infamous “Whatever it takes” promise by the ECB, his current counterpart at the US Federal Reserve, Jerome Powell is attempting to repeat the trick, with his testimony to US House of Representative this Monday (21st June) where he promised “We at the Fed will do […]

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