The history of interest rates is provided on this site. Interest rates in a developed economy reflect the “option” value on the expected decline in purchasing power of money. If I expect it to decline by 5%, then I expect a profit, and say want 8%. You in turn will pay the 8% only if […]

President Donald Trump                                                                                     March 19, 2020 White House 1600 Pennsylvania Ave, NW Washington, DC 20500   Dear Mr. President, As an economist with a proven track record, I have been called in by former presidents, world leaders, and central banks around the world during crises since 1985. I was summoned for help during […]

The old idea that inflation is created by an increase in money supply has distorted the minds of many people. Inflation is caused by numerous factors for it is not a one-dimensional aspect. For example, say a bird flu has rendered half of the egg production to be worthless, which would send egg prices soaring. […]

The most fundamental truth about trading is that your opponent is YOURSELF. The majority must be wrong because they are the fuel that propels the market. The market enters a flash-type crash when the vast majority is LONG, and they try to sell, but there is no bid. Far too many people demonize trading such […]

In an interview on May 11, 2014, I explained on USAWatchdog that confidence always outweighs reality. “It’s basically what you believe. There have been all sorts of studies on fundamentals that say if interest rates go up, stocks go down.  It is simply not true.  The stock market has never peaked with interest rates twice in history.  […]

Many Ukrainians see Volodymyr Zelensky as a dictator who has betrayed his own country for a handful of silver. From tomorrow, May 20th, Zelensky’s presidential term is formally at an end—but no new elections will be held as long as Ukraine is under martial law because he would be overwhelmingly voted out. He preaches that […]

As I have been warning, these STUPID Neocons threatening the world have ZERO respect for the American people or our economy. Threatening China when they are the largest holder of US debt is braindead. As I have said, China would be stupid if they did not start to dump every penny of US debt because […]

ASIA:   “Market Talk” will be temporarily postponed until June as our staff redirects efforts toward the London Seminar. Tickets to the seminar, both virtual and in-person, are still available for purchase.   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 132.88 points or -0.34% to 38,787.38 Shanghai increased 31.63 […]

ASIA:   The major Asian stock markets had a green day today: NIKKEI 225 increased 534.53 points or 1.39% to 38,920.26 Shanghai increased 2.50 points or 0.08% to 3,122.40 Hang Seng increased 302.82 points or 1.59% to 19,376.53 ASX 200 increased 127.60 points or 1.65% to 7,881.30 Kospi increased 22.66 points or 0.83% to 2,753.00 […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 29.67 points or 0.08% to 38,385.73 Shanghai decreased 25.87 points or -0.82% to 3,119.90 Hang Seng closed ASX 200 increased 26.90 points or 0.35% to 7,753.70 Kospi closed SENSEX decreased 117.58 points or -0.16% to 72,987.03 Nifty50 decreased 17.30 points […]