North Korean Video Still — Kim Jong-un watching ballistic missile test December 2015
On cue, one week ahead of expiry on China’s 6-month freeze on large share holders selling their stock, the markets crashed twice. Stocks in China fell in the first week of 2016 for a combined loss of 24% and have remained volatile through the rest of January. After the crash last August, when the markets steadied in response to government prohibitions on trading, the rest of us were left counting to six—January 2016 was the ‘next’ possible date for a market crisis in China. Continue reading “China Ripples Again”
The Erring Past: Places of low social functioning
In the World of Innovation, South Korea is king and Canada barely brakes the Top 20. Too bad this isn’t an international hockey competition! Continue reading “CANADA & innovation”
Mt. Reinier, Washington. LNV 2015
Today 82% of man-made Green House Gases (GHGs) originate from CO2 released by burning oil, coal and natural gas. More than half of the ‘dirty fuels’ are used to power transportation and generate electricity. Although we have the technology to switch to clean and renewable fuels, we lack the ideological, political and economic will to clean the mess of GHGs once and for all. Continue reading “2016: The Future is C-O-O-L”
Ben Bernanke and Larry Summers
As the prospect of ending Quantitative Easing dawns over the horizon, the need to frame a new global economic policy fills the screen. Leading the way is Larry Summers, former U.S. Secretary of the Treasury. With a new federal party in power Canada may be moving there already. Continue reading “Bernanke and Summers: Thing 1 & Thing 2”
Canada has modernized its election process and now holds elections every four years, one year ahead of the US Government. Here are some talking points for the 19 October 2015 Federal Election. Continue reading “2015 Canadian Federal Election”
Dow Jones Industrial Index
Monday 24 august 2015 12:45 pm EST
This morning felt a bit like 9-11-2001 except that I don’t have CNN anymore—I cut the cable in 2010. Back then I was assessing whether the planes were aiming at the weak point in the towers in order to cause maximum structural damage. The lower the hit, the higher the stress created by the dead load left above the point of impact. The analysis was spot on. The first tower to go down was the one hit lowest. Today, QE (quantitative easing) is being stress-tested although no one on the Street appears to notice.
Continue reading “The New Normal”
After three consecutive devaluations to the yuan totalling a 4.5% drop in value, today the People’s Bank of China, the central bank, stayed the course. The long view sees this as a small correction in the long march of 1.3 billion-strong population to modernization and prosperity. Yet, the last 12 months have issued clear signals of more trouble ahead.
Continue reading “China Ripples”