Economists and businessmen agree with the French economist Thomas Piketty, that inequality today is close to that of the era of Robber Barons.

What is astonishing about the way banks cheated their clients by colluding to fix exchange rates to extract higher sums is not only that they did this to what they called “Numpty's”, but when they did this.

The Eurozone is suffering from restricted growth according to the European Commission which now forecasts that 2014 growth will be 0.8% overall for the 18 countries in the currency bloc. This is well below the earlier forecast of 1.2% growth, which was already low.

From now on I will send a smoke signal if a stock has a market cap of under $150 mn. It will be a buy-and-hold however defined.

Today I answer some readers questions, have a note about the Holy Ghost at The Mouth of Hell, a stock downrating, and news from China, Israel, Mongolia, Canada, Britain, and fund updates.

Today I got extremely positive news for my Kinder Morgan Partners stock, a purely USA holding which soared 17.87% so far today on news that the Kinder Morgan group will abandon the Master Limited Partnership structure and merge it into its parent.