The US Economy is Not Recovering

The US Economy is Not Recovering






The US Economy is Not Recovering Despite US media’s trumpeting the Obama Admin’s numbers lauding the so-called “recovering” US economy, a new Gallup report said that is not true. There is a Big Problem: The deaths of small businesses under the Obama Administration outnumbered their births. That is because there has been much long-term degradation […]






China Announces Major Projects to Boost Growth

China Announces  Major Projects to Boost Growth






China Announces Major Projects to Boost Growth Provincial projects worth more than $149.25-B were launched this week as China strives to boost growth, Shanghai Securities News reported Friday. The projects are mostly infrastructure-related, with the southwest province of Sichuan introducing nine highway projects worth RMB Yuan 128.8. The Inner Mongolia Autonomous Region in the north […]






Alan Greenspan’s Credibility is an Accident that is still Happening

Alan Greenspan’s Credibility is an Accident that is still Happening






Alan Greenspan’s Credibility is an Accident that is still Happening $DIA, $SPY, $QQQ, $VXX In a article last week, the former Fed Chairman is quoted to be worried about the “crazies.” For some unknown reason, former Federal Reserve Chairman Alan Greenspan’s, 90 anni, opinions are still taken seriously. No one person has done more to […]






Economy Tops List of US Voters Concerns

Economy Tops List of US Voters Concerns






Economy Tops List of US Voters Concerns With the first US presidential debate looming, the economy leads the long list of top concerns for Americans, a Gallup Poll revealed  Friday. Economy continues to lead the list at 14%, followed by dissatisfaction with government, at 11%, and jobs and unemployment, also at 11%, the 7-11 September […]






London Fashion Week Opens, Big Names on the Catwalk

London Fashion Week Opens, Big Names on the Catwalk






London Fashion Week Opens, Big Names on the Catwalk The Fashion Spotlight is on London Fashion Week, with a series of shows planned for the days ahead. The focus will be on British Style and creativity, but will include many contributors from other parts of the world. Friday’s lineup included Paul Costelloe, Aquascutum, Bora Aksu […]






US Manufacturing Output Disapointed in August

US Manufacturing Output Disapointed in August






US Manufacturing Output Disapointed in August $DIA, $SPY, $QQQ, $VXX US factory production fell in August on cutbacks in appliances, home electronics and machinery. This threatens the market’s hopes for a manufacturing rebound after 2 prior months of gainers. The US Fed said Thursday factory production dropped 0.4% in August, after an increase of 0.4% […]






Weak Crude Oil Prices Mirror US’s Weak Economy

Weak Crude Oil Prices Mirror US’s Weak Economy






Weak Crude Oil Prices Mirror US’s Weak Economy $DIA, $SPY, $QQQ, $VXX, $USO Late last month the US Energy Information Administration (EIA) reported that it was overstating domestic demand for Crude Oil and energy products to a “considerable degree”. Using imprecise and lagging data, the calculations for the amount of product being exported overseas was […]






The US Has “Tremendous Power”over China

The US Has “Tremendous Power”over China






The US Has “Tremendous Power”over China Donald Trump says the United States has “tremendous power” over China because the world’s 2nd-largest economy depends on American prosperity and because of Beijing’s ownership of a staggering amount of US debt. “They suck the blood out of us and we owe them money,” Donald Trump said Monday. “We […]






Greek PM, “Economy recovering” Calling Investors to Seize Opportunities

Greek PM, “Economy recovering” Calling Investors to Seize Opportunities






Greek PM, “Economy recovering” Calling Investors to Seize Opportunities Saturday, Greek Prime Minister Alexis Tsipras urged investors to invest in his country which is recovering and moving to the period of growth. He made the remarks when presenting his government’s roadmap to the post-crisis future during a keynote speech at the opening of the 81st […]






The US Fed has Not Delivered on the Economy

The US Fed has Not Delivered on the Economy






The US Fed has Not Delivered on the Economy The US Fed is stuck to actions devised by Ben S. Bernanke that have not worked to restore strong economic growth since the Great Recession The US central bank’s adherence to the idea that unemployment and weak demand can be cured with policies that encourage consumers, businesses and governments […]






Fed ‘Beige-Book, “US Economy Has Slowed”

Fed ‘Beige-Book, “US Economy Has Slowed”






Fed’s ‘Beige-Book, “US Economy Has Slowed” $DIA, $SPY, $QQQ, $VXX The economy grew at a slowed pace this past Summer in 8 of the Federal Reserve’s 12 US  districts, a slowdown from prior reports that will make US Fed policymakers cautious about an interest rate hike anytime soon. The Fed’s ‘Beige Book’ survey of business […]






Huge National Debt “Blunts” Prospect for US Economic Growth

Huge National Debt “Blunts” Prospect for US Economic Growth






Huge National Debt “Blunts” Prospect for US Economic Growth $DIA, $SPY, $QQQ, $VXX “Be warned, The steady stream of federal red ink is getting to be a deeper shade of Red.”– Barron’s As increases in annual US budget gap add to national debt, blunt prospects for economic growth, and bode badly for America’s financial future. […]






China’s Resolution Gives Hope to World’s Economy

China’s Resolution Gives Hope to World’s Economy






China’s Resolution Gives Hope to World’s Economy China’s ambition to advance reform and maintain medium to high growth has injected hope and stability into the world economy, experts say. Addressing the opening ceremony of the Business 20 Summit in Hangzhou, Chinese President Xi Jinping reassured the world’s business leaders that China can realize strong growth […]






Business 20 Summit Promotes Green Finance

Business 20 Summit Promotes Green Finance






Business 20 Summit Promotes Green Finance The Business 20 (B20) Summit, which was attended by business leaders and officials including those from the Group of 20 (G20) economies, came to an end Sunday with many consensuses and results, especially a policy recommendation report. The 2-day event, which was scheduled Saturday and Sunday ahead of the […]






Donald Trump, “We have a very false economy”

Donald Trump, “We have a very false economy”






Donald Trump, “We have a very false economy” Donald Trump reiterated his hardline approach on the deportation of “a huge number” of illegal immigrants, vowing Monday, if elected, “they’re going out so fast your head would spin.” In his remarks Donald Trump described his intention to reporters traveling on his plane with him to a […]






G20 Summit to Boost Global Trade and Investment

G20 Summit to Boost Global Trade and Investment






G20 Summit to Boost Global Trade and Investment China sent a not so subtle message to Barack Hussein Obama on landing in China for the G20 Summit. Several documents that are likely to be ratified at the upcoming Group of 20 Summit (G20 Summit) will promote trade facilitation, curb protectionism and boost cross-border investment, an […]






Financial Markets Running on “Hope” for Continuing Stimulus

Financial Markets Running on “Hope” for Continuing Stimulus






Financial Markets Running on “Hope” for Continuing Stimulus $DIA, $SPY, $QQQ, $VXX In this world of easy money, where the markets hope the near-Zero interest rate policies to continue, there really should be hope for a growing not stagnant economy. This week;s economic reports have been dominated by a very strong consumer confidence report. The […]






US Fed “Mastering the Art of Market Manipulation”

US Fed “Mastering the Art of Market Manipulation”






US Fed “Mastering the Art of Market Manipulation” $DIA, $SPY, $QQQ, $VXX Ace bond investor Bill Gross ramped up his criticism of the US Fed Wednesday, characterizing its Chairwoman Janet Yellen and her predecessors and contemporaries at other central banks of mastering “the Art of Market Manipulation.” Mr. Gross writes: “All have mastered the Art […]






The US Government’s Economic Growth Numbers are Wrong

The US Government’s Economic Growth Numbers are Wrong






The US Government’s Economic Growth Numbers are Wrong Harvard Economist Martin Feldstein warned Friday that the US government’s measure of economic growth is always wrong, regardless of the official number. The US economy grew less than previously reported last Quarter on lower government outlays and a bigger depletion of inventories, capping a sluggish 1-H performance […]






G-20 Summit Should Champion Innovation and Development

G-20 Summit Should Champion Innovation and Development






G-20 Summit Should Champion Innovation and Development The coming Group of 20 (G-20) Summit of the world’s leading economies should champion innovation and greater integration as a means of achieving sustainable economic development. In the lead up to the 4-5 September summit in Hangzhou, China, Argentina’s President Marci spoke about what’s on the agenda of […]






There is ‘Gloom & Doom’ in the Eurozone Business Sector

There is ‘Gloom & Doom’ in the Eurozone Business Sector






There is ‘Gloom & Doom’ in the Eurozone Business Sector While the Eurozone economy has proved resilient to multiple uncertainties such as Brexit, Key business surveys in Europe’s 2 biggest economies, Germany and France has poured a bucket of cold water on the rising optimism. The Ifo Business Climate Index, which is a highly-regarded early […]






China, Japan, South Korea to Reinforce Ties

China, Japan, South Korea to Reinforce Ties






China, Japan, South Korea to Reinforce Ties Chinese Foreign Minister Wang Yi, his Japanese counterpart Fumio Kishida and South Korean counterpart Yun Byung-se agreed on Wednesday that the 3 countries shall reinforce cooperation to promote regional stability and development. The Eighth China-Japan-South Korea foreign ministers’ meeting was held in Tokyo Wednesday. The foreign ministers” meeting […]






Key Economic Data Does Not Reflect Pending ‘Disaster’

Key Economic Data Does Not Reflect Pending ‘Disaster’






Key Economic Data Does Not Reflect Pending ‘Disaster’ $DIA, $SPY, $QQQ, $VXX July New Home Sales and August Philadelphia Fed NonManufacturing Survey Home Sales: +12.4%/ Philly Fed: -4 points; Orders: -14.9 points The Big Q: With housing and hiring looking really good, where is the economic disaster we keep hearing about? The notion that the […]






UAE and Hong Kong Expand Trade Ties

UAE and Hong Kong Expand Trade Ties






The Hong Kong Trade Development Council, or HKTDC on Monday announced ten international trade fairs covering watches and clocks, fashion, electronics products, building materials, green products, lighting products, spectacles as well as wine and spirits will be held in Hong Kong in the coming September, October and November, which serve as a one-stop trading platform […]






Another Democratic ‘Tax & Spend’ Administration = Recession

Another Democratic ‘Tax & Spend’ Administration = Recession






Another Democratic ‘Tax & Spend’ Administration = Recession $DIA, $SPY, $QQQ, $VXX Hillary Clinton got hammered from all directions Monday. Mrs. Clinton is trying come up with a new and inspiring idea to jump-start a anemic US economy and help the financially stressed middle class. The progressive/left really does not know  how to and will […]






IMF has Positive Outlook for Chinese Economy

IMF has Positive Outlook for Chinese Economy






IMF has Positive Outlook for Chinese Economy For a massive economy like China’s, which is in the midst of transition, it is easy to dwell on fragmentary data while failing to see the “Forest for the Trees.” While the latest official indicators of traditional growth engines have underperformed, those measuring the new drivers of the […]






Dubai, Abu Dhabi Apartment Rents Fall in July

Dubai, Abu Dhabi Apartment Rents Fall in July






Dubai, Abu Dhabi Apartment Rents Fall in July $JJL Declines were recorded for all apartment unit sizes last month, according to Bayut.com Apartment rents in Dubai and Abu declined an average of 2 and 6% respectively in July from 1-H of the year, according to Bayut.com. In its monthly report, the property site said the […]






The US Consumer Pauses, Spending Halts, Economy Stalls

The US Consumer Pauses, Spending Halts, Economy Stalls






The US Consumer Pauses, Spending Halts, Economy Stalls $DIA, $SPY, $QQQ, $VXX “The consumer paused in July and with price pressures soft, the Fed members will probably gain a few more grey hairs.” — Joel Naroff, Economist The Consumer Data: July Retail Sales and Wholesale Prices Sales: 0%; Excluding Vehicles: -0.3%/ PPI: -0.4% Excluding Food […]






Donald Trump, “A Massive Tax Increase Necessary to Fund Hillary’s Plan”

Donald Trump, “A Massive Tax Increase Necessary to Fund Hillary’s Plan”






Donald Trump, “A Massive Tax Increase Necessary to Fund Hillary’s Plan” Donald Trump responded to Hillary Clinton’s speech on the economy, which included her reactions to the proposals he outlined Monday, calling the Democrat’s presentation “terrible” and “boring.” “By the way, she’s proposing a big tax increase in her speech, her teleprompter speech,” said Donald […]






Saudi Stock Market Easing Restrictions on Foreign Investment

Saudi Stock Market Easing Restrictions on Foreign Investment






Saudi Stock Market Easing Restrictions on Foreign Investment Ownership limits and minimum qualifications for overseas institutions will be eased next month Saudi Arabia will ease restrictions on foreign investment in its securities markets next month, sooner than previously indicated, in an effort to attract more institutional money into its exchange, the regulator said Wednesday. With […]






Reform, Innovation Driving Chinese Economy

Reform, Innovation Driving Chinese Economy






Reform, Innovation Driving Chinese Economy When Shanghai INESA held its first technology meeting in Y 2010, a board erected at the door of the meeting room had almost nothing to display as there were no “decent” quality products at that time. But things became different when the instruments and electronics products manufacturer held its second […]






S&P Maintains Strong Abu Dhabi Ratings

S&P Maintains Strong Abu Dhabi Ratings






S&P Maintains Strong Abu Dhabi Ratings The agency affirmed its ‘AA’ long-term ratings for the emirate despite low Crude Oil prices  Ratings agency S&P has maintained its strong ratings for Abu Dhabi despite the impact of low Crude Oil prices on the Emirate’s economy. In its latest report, S&P affirmed its ‘AA’ long-term and ‘A-1+’ short-term […]






China’s Forex Reserves Fell in July, Gold Reserves Up

China’s Forex Reserves Fell in July, Gold Reserves Up






China’s Forex Reserves Fell in July, Gold Reserves Up $CNY, $USD, $GLD China’s Forex (foreign exchange) reserves fell to $3.20-T in July, central bank data showed Sunday. Economists polled predicted Forex reserves would fall to $3.20-T from $3.21-T at the end of June. China’s reserves, the largest in the world, fell by $4.10-B in July. […]






Donald Trump, “Hillary is pretty close to ‘unhinged'”

Donald Trump, “Hillary is pretty close to ‘unhinged






Donald Trump, “Hillary is pretty close to ‘unhinged’” Donald Trump boomeranging the negative remarks made against him, calling Democratic Presidential rival Hillary Clinton “pretty close to unhinged” and lacking the temperament to lead the country. “She’s really pretty close to unhinged,” Donald Trump said. “She’s like an unbalanced person.” At a campaign rally in Des […]






Japan’s Economic Latest Stimulus Measures Expose Flawed “Abenomics”

Japan’s Economic Latest Stimulus Measures Expose Flawed “Abenomics”






Japan’s Economic Latest Stimulus Measures Expose Flawed “Abenomics” Japan’s unrolling this week of a stimulus plan of JPY 28.1-T (US$274-B) as part of Prime Minister Abe’s latest installment of his shaky “Abenomics” economic policy mix, lacks the equivocal allocations and long-term vision necessary to fundamentally kickstart the nation’s ailing economy. As evidenced by the stock […]






US Restaurant Downturn Signals Recession

US Restaurant Downturn Signals Recession






US Restaurant Downturn Signals Recession $DIA, $SPY, $QQQ, $VXX During much of the recovery from the US financial crisis, restaurant spending has been a retail highlight as other areas, like department stores, have struggled. However, recent surveys point to the start of a serious decline. “Today, we adopt a bearish outlook for restaurants as we […]






Cautious US Companies ‘Hoarding’ Cash

Cautious US Companies ‘Hoarding’ Cash






Cautious US Companies ‘Hoarding’ Cash $DIA, $SPY, $QQQ, $VXX US companies have returned to hoarding cash due to mounting economic and geopolitical fears, a indication of a business-investment pullback. The UK’s Brexit vote, a sluggish US economy and a weak global economy combined to lead companies to delay investment decisions and just hoard their cash, […]






China’s Entrepreneurs Reluctant to Invest in Restructuring Economy

China’s Entrepreneurs Reluctant to Invest in Restructuring Economy






China’s Entrepreneurs Reluctant to Invest in Restructuring Economy China is expected boost public investment to offset the effect of very cautions private capital investment, which has been discouraged by uncertainty during the ongoing economic restructuring. “Given the slowdown, the government should begin to invest more, partly through special construction funds, to stimulate investment and stabilize […]






Dubai Real Estate Investment + 7.5% in 1-H

Dubai Real Estate Investment + 7.5% in 1-H






Dubai Real Estate Investment + 7.5% in 1-H Emirati and Indian investors led the real estate investment market, according to DLD  Total real estate investment in Dubai increased 7.555 Y-Y to Dhs 57-B ($15.5-B) in 1-H of Y 2016, according to the emirate’s land department. Investment in the emirate’s property market totalled Dhs 53-B ($1.44-B) […]






American’s are Almost as Wealthy as Ever, it is Scary

American’s are Almost as Wealthy as Ever, it is Scary






American’s are Almost as Wealthy as Ever, it is Scary Americans are about as wealthy as they have ever been and that is worrying monetary officials.  They are concerned that the growing wealth could prove unsustainable because it has outstripped the growth of the economy since the Great Recession’s storied end in Y 2009. A […]






Politics and World Chaos are in the Air, Don’t Lose Sight of Market Bubble

Politics and World Chaos are in the Air, Don’t Lose Sight of Market Bubble






Politics and World Chaos are in the Air, Don’t Lose Sight of Market Bubble The attack in Nice, France, was a terrorist act, and the French government extended the state of emergency for 3 months and soldiers will be deployed. The military coup in Turkey, points up the extreme dissidence in that region of the […]






M-Commerce is “Retail in Your Pocket”

M-Commerce is “Retail in Your Pocket”






M-Commerce is “Retail in Your Pocket” $WMT, $BAC Back in Y 1997 at the launch of the Global Mobile Commerce Forum, Kevin Duffey coined the phrase ‘Mobile Commerce” meaning “the delivery of electronic commerce capabilities directly into the consumer’s hand (pocket), anywhere, via wireless technology.” I took that to mean a retail outlet in your consumer’s pocket. […]






Dubai Business Conditions Improved in June

Dubai Business Conditions Improved in June






Dubai Business Conditions Improved in June The Emirate saw the fastest rise in new work since March 2015, according to the Emirates NBD index  Dubai’s private sector posted stronger growth in June, mainly due to improving business conditions in the travel and tourism and wholesale and retail sectors, according to the monthly Emirates NBD index. […]






Effects of US Embargo Continue To Stress Cuban Economy

Effects of US Embargo Continue To Stress Cuban Economy






Effects of US Embargo Continue To Stress Cuban Economy Cuban President Raul Castro Friday said a “reduction in Oil imports”, falling prices of traditional exports, along with other financial restrictions caused a “tense and stressful” economic situation that will bring limitations in 2-H of Y 2016. Speaking to the lawmakers of Cuba’s parliament, Castro said […]






SEC Proposes Expansion of the Smaller Reporting Company

SEC Proposes Expansion of the Smaller Reporting Company






SEC Proposes Expansion of the Smaller Reporting Company Many professionals have been lobbying the Securities and Exchange Commission (SEC) over recent years to increase the pool of public companies that can qualify for the scaled disclosure requirements available to smaller registrants, the SEC is seeking comments for proposed amendments that will expand the definition of […]






Barron’s Gold Mining Index (BGMI): A 96 Year Study

Barron’s Gold Mining Index (BGMI): A 96 Year Study






Barron’s Gold Mining Index (BGMI): A 96 Year Study $GLD, $SLV What does “real money” mean to you? To many of my readers, I suspect real money would be gold and silver coinage backing the paper money in circulation. But to politicians and economists, it means something completely different: “A billion here, a billion there, and […]






China’s Banks Sponsor Growth of ‘Green’ Economy

China’s Banks Sponsor Growth of ‘Green’ Economy






China’s Banks Sponsor Growth of ‘Green’ Economy Chinese banks offered strong credit support for the growth of the Green economy in Y 2015. The total balance of Green loans issued by China’s 21 major financial institutions rose 16.42% last year to RMB 7.01-T, according to a report released Friday by the China Banking Association. It […]






Update: Savvy Money Sitting Out the “Brexit” Short Term Impact

Update: Savvy Money Sitting Out the “Brexit” Short Term Impact






Update: Savvy Money Sitting Out the “Brexit” Short Term Impact As Friday’s vote counting continues, the “leave” side led with 50.9% of votes with “remain” trailing on 49.1%. The gap between the 2 sides stood at about 191,000 votes with 144 of the 382 count centers reporting results. Stay tuned… All over the world financial […]






IMF Downgrades US Economic Forecast

IMF Downgrades US Economic Forecast






IMF Downgrades US Economic Forecast The International Monetary Fund  (IMF) downgraded its forecast for the US economy this year and said America should raise the minimum wage to help the poor, offer paid maternity leave to encourage more women to work and overhaul the corporate tax system to boost productivity. In its annual checkup of […]






EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The financial world is still focused on the Brexit referendum Thursday, with mixed results coming from polls marginally favoring the remain side, and keeping risk sentiment on. Generally speaking, high yielder’s end up gaining Vs the Buck, while safe haven assets fell, although the EURUSD fell to 1.1242, and […]






Unlike US Consumers, China’s Consumer Plan More Spending

Unlike US Consumers, China’s Consumer Plan More Spending






Unlike US Consumers, China’s Consumer Plan More Spending Most Chinese consumers will continue to spend in Y 2016 despite slowing economic growth and market volatility, according to research by Boston Consulting Group (BCG). About 75% of Chinese consumers plan to maintain or increase their spending this year, down from 81% in Y 2015, according to […]






US Housing Starts Missed Expectations in May

US Housing Starts Missed Expectations in May






US Housing Starts Missed Expectations in May US housing starts missed in May as the construction of multi-family housing units dropped, but gains in building permits signaled a possible rebound that would support economic growth in Q-2. Groundbreaking fell 0.3% to a seasonally adjusted annual pace of 1.16-M units, the US Commerce Department said Friday. […]






China Debt Burden Crisis Unlikely

China Debt Burden Crisis Unlikely






China Debt Burden Crisis Unlikely Amid warnings that China may face a financial crisis induced by its debt burden, an economic expert said this week that a number of factors make this scenario unlikely. “Economists have often used such adjectives as ‘neck breaking’ and ‘breath-taking’ to describe the very fast economic growth of China in […]






Fed’s Economic Downgrade Helps Donald Trump, Hurts Hillary Clinton

Fed’s Economic Downgrade Helps Donald Trump, Hurts Hillary Clinton






Fed’s Economic Downgrade Helps Donald Trump, Hurts Hillary Clinton The FOMC did not (could not) raise interest rates, but it signaled a new turn for the US economy, South. Wednesday, the US Fed downgraded its economic outlook for the rest of this year, which will impact the Presidential election if the forecast is right. In […]






America Needs a Radical Change to Address its Anemic Economy

America Needs a Radical Change to Address its Anemic Economy






America Needs a Radical Change to Address its Anemic Economy $DIA, $SPY, $QQQ, $VXX Billionaire investor Wilbur Ross says Donald Trump represents the “more radical, new approach to government” that the country’s  economy desperately needs. While others in America and abroad have faulted Donald Trump’s lack of PC (political correctness), Mr. Ross says such “in […]






The Week Ahead Nikkei 225 (INDEXNIKKEI:NI225)

The Week Ahead Nikkei 225 (INDEXNIKKEI:NI225)






The Week Ahead Nikkei 225 (INDEXNIKKEI:NI225) Shayne Heffernan Previews this weeks trading in Japan NIKKEI 225 INDEX closed down -67.051 at 16,601.359. Volume was 4% below average (neutral) and Bollinger Bands were 62% narrower than normal. Open High Low Close Volume___ 16,637.51016,643.35916,496.10916,601.3591,549,970,048 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: […]






The Real Barrier to Iran’s Economic Revival

The Real Barrier to Iran’s Economic Revival






The Real Barrier to Iran’s Economic Revival By now it has become clear that Iran’s expectations of an immediate economic revival following the nuclear deal were unrealistic. Tehran thought that the Joint Comprehensive Plan of Action (JCPOA) would restore its severed links to the international financial system and to sources of foreign investment. Instead, the […]






Worst Behind Abu Dhabi as it Looks to Revive Guggenheim Plans

Worst Behind Abu Dhabi as it Looks to Revive Guggenheim Plans






Worst Behind Abu Dhabi as it Looks to Revive Guggenheim Plans The Chairman of the Emirate’s Department of Economic Development said he expected the plans to be revived amid positive economic growth predictions Abu Dhabi is expected to revive its plans for a Guggenheim Museum next year amid expectations of accelerated economic growth, according to […]