Tuesday, September 1, 2015

WEDNESDAY 9/2/15; Aussie Dollar Sub 0.70; Canada in Recession; GIII; VRA; Productivity and Costs; Factory Orders; Beige Book; US Stocks Rally; FIVE

The NIKK is whacked -1.7% out of the gate as Asian trading is underway at 9 AM Tokyo time (8 AM Shanghai; 8 PM EST Tuesday night in the States). Australian stocks are staggering sideways. The KOSPI follows the Nikkei Index dropping -1.5%. Global traders are 





















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....create an arms race in the Middle East and more instability in the region. Other nations such as Saudi Arabia are not going to sit idly by as Iran develops a nuclear bomb. Ridiculously, Iran is allowed to inspect their own nuclear facilities making the agreement a joke. The president and Kerry appear more on the side of Iran while abandoning the United States close relationship with Israel and Saudi Arabia. The agreement will cause a nuclear arms race in the Middle East.

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