The Repo Crisis for year-end has had the Fed pumping in a staggering amount of about $234 billion into the repo markets. They are exchanging high-quality capital for cash to suppress market volatility and maintain the central bank’s overnight funds level, which is used as a benchmark for multiple other short-term interest rates within […]

COMMENT: Mr. Armstrong, I have worked in the Arctic Circle. They always show polar bears on ice but what they fail to tell the public is that they normally spend time on land in summer when sea ice declines and most pregnant polar bears give birth and make their dens near the coast not on […]

QUESTION: Marty, what do you think about Legarde claiming the top priority of the ECB is climate protection? DK ANSWER: The proposition that the primary objective of the ECB should be climate protection is highly questionable even from a legal perspective. The European Treaties created the ECB with the primary function to ensure price stability. […]

ASIA: China and Russia have proposed reducing sanctions on North Korea so that they can ease back into global trade and help denuclearization talks. However, the US disagreed saying that any reduction in sanctions would be premature as they believe North Korea is escalating tensions in the region. Reserve Bank of India Governor Shaktikanta Das […]

Italy is again helping a troubled bank. The government approved an emergency ordinance to support the Volksbank Popolare di Bari on Sunday and provided grants of up to 900 million euros. Volksbank Popolare di Bari was founded in 1960 as a cooperative bank. However, funds from the Ministry of Finance will not go directly to […]

QUESTION: Marty; It seems when Goldman Sachs makes a recommendation, it tends to be the kiss of death. They came out and said the stock market was going to crash at the end of 2017 just before it broke out. Now they are pitching gold but they have been the ones who controlled the warehouses. […]

QUESTION: Martin- I am a recent new member and just finished reading the REPO Crisis Report. As an individual, not an institution, it was a steep price but well worth it. Thank you. My question is this…..what the hell does everyone expect to happen? Here is a short list of everything we know to be […]

  I have been warning that our computer has been projecting the decline and fall of socialism. Moreover, we have pointed out that the Democrats are actually in a long-term protracted bear market and ever since the first election of FDR in the Great Depression, they have been making lower highs and deeper lows. That […]

The Institutional Report on world bond markets will be going out for year-end. Given the seriousness of the Repo Crisis, this report has been timed to deal with the real crisis that confronts the institutional bond investors.  This covers in detail the European, North American, and Asia bond markets. This is part of the Institutional […]

There has always been a very interesting correlation between British politics and American. Margaret Thatcher became Prime Minister on the 4th of May 1979. Ronald Reagan was elected on November 4, 1980. The BREXIT referendum took place on the 23rd of June 2016. Donald Trump was elected on November 8, 2016. The political trends have […]