A fertilizer producer in north China defaulted on bond payments, which is a positive aspect as the state governments are not so eager to bail out failed companies. This will be a positive step forward in transforming China into a major capital market. For now, it is still not ready for prime time. Of course, […]

We made the front page of Reddit today. This is bringing in more than 3000 visitors to the site per minute. Our systems did not crash, but the site did slow down. Our load balancer took a little time to spin into action. We will expand the site again. With the elections coming, our traffic […]

The Nikkei could not hold the late US rally and as the cash market opened the weakness returned from the opening, especially having just seen the weaker than expected Machinery Orders. Gaping lower, we did see a small bounce but not enough energy to look for a positive close. Eventually the index closed around 1% […]

Of course Bernie Sanders appears to have sold out emerging from a White House meeting with President Barack Obama vowing to work together with Hillary Clinton to defeat Donald Trump in November. Bernie would rather endorse a traitor who has sold her influence as Secretary of State just to save the Democratic Party. Obama assured Bernie, […]

Armstrong will be appearing in Britain on the Richie Allen Show today.   https://www.youtube.com/watch?v=-ooVFoVQMDY

As the BREXIT vote nears, capital is starting to jockey for position. The euro has made an outside reversal far to the downside on a daily basis, and it is now likely that the week of May 30th will see the highest weekly closing at 11362. At the time of this posting, the euro has […]

Private Blog Update

Many say that Britain is moving into an Ice Age and energy prices are rising, for the U.K. is as cold today as it was in December. This cold period has sent heating costs in Britain to their highest levels in six months. The north pole is moving toward Britain but an outright ice age […]

COMMENT: Dear Martin, Another element that strongly supports your view is that US equities will fly at some point in the future. If you take the trailing 10y avg real earnings yield from S&P500 (you can easily get them from Shiller’s site) and you normalise it by the 10 year US yield you get the attached […]

Within the US Federal Constitution, there is what many refer to as the Republican Guarantee Clause of Article Four; Section 4; Clause 1: Obligations of the United States Federal Government: The United States shall guarantee to every State in this Union a Republican Form of Government… This Republican Guarantee Clause has long been at the forefront of the […]