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Market Talk – March 8, 2019

Asia: A down day for all the major Asian stock markets due to the weak China trade data. Chinese exports for the month of February decreased from 9.1% to -20.7%. This was the biggest fall in three years. Imports also fell 5.2% in the world’s second largest economy. Chinese stocks had a biggest daily loss […]

Market Talk – March 7, 2019

Asia: President Trump says he is optimistic that a landmark trade deal with China is near completion, however, reports suggest that Chinese officials do not feel the same. The latest news with Huawei suing the US over a product ban does not help the overall situation. A mixed day for Asian stocks: Shanghai rose 5 […]

Modern Monetary Theory v Central Bankers

QUESTION: Hi Mr. Armstrong et al: Read your blogs daily with great interest & recommend them to all my friends. You’ve absolutely changed my perspective on so many issues. There is a contradictory theme that I & my friends can’t figure out – hope you could respond. You have an obvious animus with Mr. E Griffin […]

World Economy – Which End is Up?

QUESTION: Hey Martin First of all, great work with the new Socrates. Thank you very much for getting it to us. You have said that rates are exploding with fed raising rates for the pension funds and because of the lost confidence in government, at least here in Europe. Am I correct when I take […]

European Tour – The Calm Before the Chaos?

I am writing from Frankfurt here for meetings ahead of the chaos awaiting the May elections. In Frankfurt, while the economy is clearly slowing, the financial capital is booming. New skyscrapers are rising to join those of Commerzbank, Deutsche Bank, DZ Bank, Helaba and others on Frankfurt’s skyline. This is another sign that there is a disparity […]

Market Talk – February 28, 2019

Asia: U.S. President Donald Trump said he had walked away from a nuclear deal at his summit with Kim Jong-un on Thursday as they cannot accept the demands from each other. Kim Jong-un pressed for the end of the US sanctions, however Trump declined as this was not possible until proof of total nuclear disarmament […]

The Decline in Quality is Part of the Cycle

QUESTION: Hi Marty, Wanted to ask you if you are noticing the same thing as me regarding the ‘quality’ of goods and services these days and if this is history repeating itself again, such as the fall of the Roman empire? To explain, I am noticing that the quality of the goods and services I buy […]

Market Talk – February 26, 2019

Asia: Most of the major Asian stocks decreased today after yesterday’s impressive rise, particularly in the Shanghai Composite. The Shanghai dropped 63bps to 2943 today. Nikkei decreased -0.37bps to 21449; Kospi decreased 25bps to 2227; Hang Seng and ASX 200 decreased 65bps and 94bps to 28772 and 6128 respectfully. Gold did not absorb any of […]

Elon Musk’s War with the SEC

The SEC has moved to hold Elon Musk in contempt in their favorite court – the Southern District of New York. This has been a battle against the SEC whereby just making any comment as a CEO of a public company brings the SEC in against you unless you are one of the bankers. Even […]

Professor Easterbrook Testified Before Congress with Real Data Showing Global Warming Ended in 1998

Professor Don Easterbrook, who teaches geology at Western Washington University, testified before Congress that climate change is cyclical. Easterbrook made it clear that he was not politically motivated or funded by any big industry. In fact, he has 50 years of experience and provided the data to support his claims. The professor has been speaking out […]