Motorcycle theft

Motorcycle theft in the UK is becoming an increasingly bad problem. As this video shows, thieves will steal in the middle of the day. Here are some of the stats by one of the local insurers, Bennett’s.

In 2016, powered two wheeler (PTW) theft rose by 16%. 27,217 machines of all kinds were reported stolen (that’s 523 a week!) and only two out of five were recovered. 25 years ago, scooters accounted for less than 1% of all two wheeled theft; today over half of all the bikes stolen are scooters and mopeds. In London alone, where 4776 larger machines were taken, an increase of 620% meant 6165 mopeds and scooter owners lost their transport.”

The explanation for all this is really quite simple; the interest in motorcycling is huge all over the world, and wherever there’s constant demand – in this case for used machines and spare parts – organised crime is never far behind. At the moment, it’s a battle that the government and police have every intention of winning as soon as possible…However, these new gangs aren’t unique to the UK, and are common in most cities of the world at this time. Many of the continental gangs use stolen scooters and motorcycles as the new currency for buying and selling drugs, and the fear is that this may be the case in the UK. Violence as displayed on YouTube and CCTV footage indicates many gang members themselves may be drug users. Because of this, the police caution against heroism, but do appreciate all the information on these gangs that they can get.

Take a look at this shameless attack on a dealer during operating hours. One can see how thieves would need to be “meth’d“ up to do something so brazen. Good to see the dealers win the battle but the police will back down on any chase of motorcycle thieves if they remove their helmets because of fear of causing death or injury to the criminal. Most bike owners who had their pride and joy stolen would most likely relish broken limbs of the perpetrators.

The UK’s 41 ports handle 9000 container movements every day, and are expected to load at least 12 stolen cars and motorcycles bound for Africa, India, South America, Asia and Europe. The police are likely to check one in every 200, whose manifests will often simply state ‘household goods’ or ‘spare parts’. In just one container, on just one day, in just one port, police found 12 stolen machines worth £70,000, its contents listed as ‘spare vehicle parts”

Affordable tracking devices have become hugely successful in recovering many machines this year, the most popular of which are claiming over a 90% recovery rate. Ironically though, thieves are now using their own cheap tracking devices to find their prey that they fix to a machine and track to its home without spooking owners. If they steal the bike they can use the device again.”

Ironic that the criminals are using technology that is meant to deter theft by leading one to the owner’s home to make a cleaner ‘get away’.

Doesn’t look like the battle to lower theft in the UK can be won without the police being able to dish out far harsher penalties to the criminals. Whistling in the wind won’t stop this.

Gutter press or smutter press?


Gutter press. No other word for it. One would expect better from The NY Times. Still why not make a baseless claim for the heck of it should it help paint a narrative? Indeed the Stormy Daniels $130,000 shut-up money story would have legs if she produced the ‘deposit slip’ and the contract which any media outlet would  pay “any price” to insure against any litigation for her breach of it.

Think of the $100s of millions media outlets have spent on tying to take the President down. Whether Russiagate which CNN’s own Van Jones called a “nothing burger” for ratings or MSNBC’’s Rachel Maddow who made that  embarrassing “we got his tax returns!” gaffe. Every celebrity event (Grammy’s, Oscars or Golden Globes) has become more about blasting Trump than blowing wind up the back sides of their own Hollywood hypocrites who blatantly turned a blind eye to all of the sexual misconduct that has gone on for decades in their own industry. Where is the outrage over that? Even career feminist Germaine Greer said that if one opened their legs for a movie role they “consented”.

Indeed if Trump frolicked with Stormy Daniels it appears it was consensual on the basis of the rumours. It is not condoning it but look at all the petty behaviour of Clinton post the election still crying to her elitist buddies in sympathy for losing to a man, who less than a week after the grab p*ssygate scandal, stared down the barrel of a camera to 100s of millions of viewers in the second debate to say “no one respects women more than I do” If indeed it was an election issue, voters overlooked it to boot the establishment. Case closed

Still the one-eyed NY Times has to make baseless read acrosses on Melania’s actions being about her acting in a huff over her husband’s supposed infidelity. Make no mistake had she cheated on her husband the mainstream media would celebrate it and chalk it down for a win for their side. They’d get panels of feminists talking about how his behaviour brought it on and how he deserved it for being a chauvinist pig.

However we shouldn’t point fingers at just the NYT.

Last week The Guardian wrote of Melania Trump: “Seldom seen and even more seldom heard, the former model may not be as popular as her predecessor Michelle Obama, but she is far more popular than her husband. Unfortunately for his Republican administration, she seems to have little interest in using that popularity to do anything of substance with the post.

Well had Tbe Guardian bothered to check, the left has made it clear of how they see her in the public eye. When she went to donate Dr Seuss books for children’s education, the recipient librarian at Cambridgeport School refused to accept the gift, criticizing the Trump administration’s education policies further writing that Seuss’s illustrations are “steeped in racist propaganda, caricatures, and harmful stereotypes,” Never did I know as a child that reading about the Cat in a Hat was some conspiracy by my parents to turn me into a hateful bigot. Now it’s all so clear!

The Daily Mail had to settle a $2.9mn lawsuit and issue a full public apology for libel against the First Lady for suggesting she gave more than “modeling services.” What awful slander! Could it be that the press is hardly lining up to champion anything she might host which is of social good? Is trying to be a good mother by not dislocating her son’s education in the early days a crime?

All the jokes from the left thanking immigrants for marrying Trump because Americans wouldn’t do it flies in the face of the very stereotypes they get so easily triggered over. Indeed the racist president married a Slav. Never mind the contradiction.

While the press can speculate over what FLOTUS might be thinking perhaps they should give her advice on the ways they wish her to behave. Should we anticipate Melania Trump’s hashtags on social media championing flaccid and impotent US foreign policy to terrorist groups like Michelle Obama? Mrs Obama is indeed a highly educated person but that doesn’t automatically exclude Mrs Trump from serving the office gracefully and proudly. The Trumps are a power couple

Yes, her husband leaves much to be desired in the manner in which he serves his country. However the scoreboard suggests many of the things he is doing are working. Such is the bias in the press about how world leaders hate him, CBS painfully admitted almost everyone of them lined up for a selfie with POTUS at Davos.

If we look at the last State of the Union address he blew the left out of the water. Even Van Jones admitted he’s going to do 8 years with talk like that. Now he has far more achievements to crow about. So yes, Melania will be there looking a million bucks and her face will speak of how she feels about Stormy Daniels. Storm in a teacup mode like it.

Bitcoin now on prime time Japanese variety TV


The picture above is of Tetsuro Degawa, a Japanese comedian who does his best to show himself to have little intelligence. On prime time TV tonite he was talking about Bitcoin. The sign to the right partially says “can you understand Bitcoin in 5 minutes?” 

Japanese TV audiences generally gasp at new information so Bitcoin was a subject of great interest. Still one wonders if Degawa is presenting on the crypto currency that we’re one stage away from the taxi driver giving tips.

Today, Bitcoin is trading over $15,000 up another 13% today alone. Apparently Warren Buffett has disclosed Berkshire Hathaway has bought some too.

In 20 years in financial markets I cannot work out how something backed by nothing other than greed in a market that is not regulated and highly vulnerable to cyber terrorism continues to sucker more people in.

Tulip mania may be removed as the bubble yardstick before long. As one of my experienced private wealth managers likes to say, “I have difficulty fathoming the “no euphoria this time” view.”

Yemen – Saleh’s death is the dangerous slice in the Iran & Saudi sandwich


Even before the Arab Spring, CM (in a previous life) wrote that Yemen was a trouble spot. It’s former President Ali Abdullah Saleh (Sunni) has died of natural causes – he was assassinated in a spate of tribal violence in the capital Sana’a yesterday. No stranger to being an oppressive tyrant during his rule, after being ousted in the Arab Spring he was in recent years working with the Houthi tribe (Shi’ite) to regain power before switching back to a US backed Saudi-friendly deal maker. He proved that power is more important than religious sect. However the Houthi weren’t prepared to suffer a turncoat who betrayed them so Saleh was duly dealt with.

Why is Saleh’s death important? What it now does is give Saudi Arabia more will to take more decisive action against the Iran backed Houthi. It is no surprise that Saudi Arabia has cleaned house with the arrests of  royal family members to tighten the inner circle. It smells like the early stages of broader tit-for-tat skirmishes before all out conflict ensues. Yemen is often argued as a proxy war between the two.

While many are distracted by the US Embassy to Jerusalem as an unnecessary ‘in-the-face” action, it is a very firm line in the sand to where the US cards already lie. No big surprises. For now most Gulf States want Israel on their side to help them defend against and ultimately defeat Iran.


At the narrow Bab al-Mandeb Strait separating Yemen and Djibouti/Eritrea, cargo ships make their way up the Red Sea to the Suez Canal, could become a major choke point. This year multiple US, Saudi and Emirati warships have been attacked by Houthi rebel forces. In January 2017 a  Saudi al-Madinah frigate was sunk in the strait. An Emirati HSV-2 swift naval craft was also put out of action in late 2015.


Safe access to the strait is crucial at present because of Egypt’s reliance on imported LNG to maintain stable electricity supply. One LNG tanker heads to Egypt each weeknight through the canal. Just under 10% of global trade goes through it as well. Any blockage or restricted access would force ships to sail the long way around the Horn of Africa adding another 40% to the journey. This would have significant impacts on shipping and trade. Markets aren’t factoring anything at this stage.

The problem with naval conflict is that Yemen is backed by Iran which in turn is one of Russia’s best clients. Iran possesses the SS-N-22 Sunburn missile which is a supersonic anti-ship missile which even the US has no answer for. In recent years this has been upgraded to the Super Sunburn (P-270) which is even more lethal. It is a ramjet which travels at Mach-3 meaning if fired inside a 100km range then the target is likely to be toast (video here). It can be launched from a ship, submarine or land.


Iran could blame a whole host of tribes (Sunni or Shia) sick of being under the jackboot of effective Saudi control/influence for an attack.

On December 2, Israeli jets bombed an Iranian military weapons base in Syria. Israel has warned Iran it won’t tolerate any military presence on Syrian soil. We shouldn’t forget that China has also deployed its special forces to Syria to help Assad. Clearly the Chinese see a good opportunity to clean up some of the spoils in the region. China is always happy to help out nations that are under sanction. It adds more mess into the geopolitical sphere.

While the GCC has stepped up its air attacks on Yemen post the death of Saleh, he was the only one that has been able to unite the country. Indeed it is possible that the secession of the south becomes an issue. At the time of reunification of North and South Yemen in 1990 many in the south felt their northern neighbors were pillaging too much of their oil reserve wealth. Even their private land was appropriated and spread among the Sana’a elite. Now that Saleh has gone, and Yemen fragmented again, we may see old scores settled. The Southern Movement (loyal to exiled President Hadi) in Yemen wants to take back what was stolen from them. So Saleh’s death may open a vacuum of more instability.

Iran would relish the opportunity of a fractured Yemen to further build its influence. Bab al-Mandeb may become a flashpoint to fight the proxy war. It is extremely messy, creates proper disruption and pushes Saudi Arabia and Iran closer to conflict.

Which ever way you cut it, diplomacy in the Middle East (what little there is) looks set to worsen. In a sense we are dealing with two large clients of Russia (Iran) and America (SA). Now China is siding with Russian interests by using it as a test run of its military muscle. China isn’t committing anything major but it wants to be at the negotiating table when it all goes pear shaped.

It smells very similar to the lead up to the Arab Spring. More turmoil and complacent markets which are not quite absorbing the realities of “local problems” spreading to another neighborhood. Sure we’ve seen many leaders overthrown in Libya, Tunisia, Egypt and so on in the last uprising but the pressure on Saudi is mounting hence the recent crackdown internally.

The other dark horse is Erdogan in Turkey. He is facing a corruption probe over money laundering to help Iran evade sanctions and he seems keen to externalise his problems so he can shut down the local threat. He is threatening to cut off ties with Israel if the US relocates the embassy but for a man with clear ambitions to revive the Ottoman Empire that fell less than 100 years ago that is a mere formality in the future.

The flashpoint remains Yemen. It has the perfect storm of a pawn in a global game of chess. While it whiffs of local tribes seeking revenge there are too many willing to help them achieve their aims which only plays to the broader ructions throughout the rest of the Middle East. Last week Houthi rebels launched a missile attack against the UAE nuclear power plant under construction. Power corrupts. Absolute power corrupts absolutely

Kobe ‘Steal’ – will the market referee wave a red card at what looks a lot like insider trading?


If the referee caught Kobe Steel’s (5406) rugby team up to such foul play it is likely that players would be red carded. While unconfirmed speculation at the moment, it would appear that since September 21st Kobe Steel shares came under heavy selling pressure in what a seasoned market punter might suspect looks like insider trading via aggressive short selling. 7 straight negative candle sticks. Kobe Steel spilled the ball on its data manipulation on October 8th.

This would not be the first time that a broker conspired with a fund to short sell a stock ahead of a negative release on insider information where several weeks later news broke and sent the shares collapsing. This is the current action of Kobe Steel shares.


So excluding borrowing costs or any leverage, if one had managed to short sell Kobe Steel at 1350 (on Sep 21) and brought back at today’s prices a quick fire 53% return would be gained.

The important question is whether the regulator will investigate any potential foul play when looking at the video replay. I will be asking this question directly to the Financial Services Agency (FSA) as I have been invited the regulator to give a speech on ways to improve Japanese corporate governance in a few weeks time.

This won’t be just a beat up of Japan’s corporate governance as foreign corporates have made countless scandals post the introduction of Sarbanes Oxley in 2002.  However it will aim to be a realistic overview of tolerating what seems to be endless preventable insider trading scams with paltry penalties of $500 and a slap on the wrists with a feather duster.

Until serious punishments for flagrant market manipulation are thrust front and centre in front of bewildered and annoyed (foreign) investors, the cynicism will remain that Japan is not a safe place to invest. Remember insider trading is effectively fraud. Perhaps your pension fund owns Kobe Steel in a global portfolio meaning that some shady investor has stolen your retirement to feather his or her nest.

Perhaps I should thank Kobe Steel for getting dirty in the ruck area to help the final presentation draft.


Norwegians want a referendum on leaving the EEA & warn Brits not to become like them


It seems more in Norway are wanting to have a referendum on the European Economic Area Access (EEA). The claims is that their costs have risen 10-fold since signing the EEA 25-years ago. Norway, while not a member of the EU, still pays around £650 million to Brussels to fund the EEA administration and other EU research projects. Two recent opinion polls conducted by Sentio reveals there is a strong majority wanting to have a say on the EEA agreement: 47% are in favour of a referendum on Norway leaving the EEA, with only 20% rejecting such a referendum. 70% of Norwegians do not want to enter the EU and the Labour Party has recently removed it as a policy platform.

Norwegian businesses had duty free access on all exports to the EU before the EEA was signed and this FTA would still apply if the EEA agreement were terminated. Ironically Norway used to export more to the EU as a percentage of total before the EEA than after it meaning that the supposed benefits of the club have not led to bigger trading opportunities within the block.

So to Brexit – Norwegian Prime Minister, Erna Solberg of the Conservative Party, sounded a warning before the UK referendum about following a Norway style deal, stating that “you’ll hate it…that type of connection is going to be difficult for Britain, because then Brussels will decide without the Brits being able to participate in the decision-making.”

Brexit – why the EU shouldn’t treat the UK like a hostage with a ransom note


Isn’t it ironic that the Bullies of Brussels are already throwing random numbers for Britain to pay to leave the EU. GBP 52bn billion based on thin air. Isn’t the UK a shareholder in all of the assets, buildings and infrastructure in the EU having invested over GBP 200bn net during its membership? Shouldn’t the EU have to buy out the UK’s stake in the project? The EU is now dictating the UK can’t discuss potential trade deals with other countries while the exit process is ongoing. Are they mad? They are now saying that Gibraltar gives Spain the right to veto any trade deal with the UK. The UK is being treated like a hostage with a ransom note being sent to the Queen.

Doesn’t the EU realise that Marine Le Pen is way above what the mainstream polls are predicting? 24% of French youth see her as a viable candidate who promises real change vs decades of failure with mainstream parties. Youth unemployment is over 25% in France and many view increased risks of more terrorism are other reasons to support her France First views.

Brussels still fails to get that IT is the problem. It should be showing humility and self reflection not ramping up the vitriol.