ASIA: Hong Kong’s $37 billion bid to takeover the London Stock Exchange (LSE) was rejected this Friday. The LSE board unanimously rejected the bid due to “fundamental flaws.” Hong Kong Exchanges and Clearing (HKEX) had hoped the deal would “create a truly global market infrastructure group connecting the East and West.” Recent reports suggest that […]

QUESTION: I mentioned that you said the stock market rallies with rising rates and declines with lower rates to an analyst. He said you were wrong and everyone knows that is not true and President Trump just came out calling on the Fed to lower rates to zero or negative. You have only shown 1929 […]

QUESTION: Marty, Sometime you compare today’s financial markets and economy to what was going on in the mid to late 1920s . Woodrow Wilson is even referenced concerning the flight of capital and of course that flight came to the United States. You also say that the global markets and economy are unlike anything in […]

ASIA: US President Trump announced today that they will delay any tariffs on around 250 billion USD worth of Chinese goods as a “gesture of goodwill” ahead of the talks next month. China yesterday announced they will remove tariffs on 17 US products ranging from medicine to produce. According to a White House official, they […]

ASIA: Finally, some positive news from the US and China trade war as China announced they will exempt 16 categories of products from US tariffs today ahead of the meeting early next month. The two main categories of products were seafood and medicines related to cancer, perhaps looking at these products as more of a […]

ASIA: In a strategy to open Chinese markets to the international investors, China scrapped the rule that limits international funds to purchase Chinese stocks and bonds. The State Administration of Foreign Exchange said today that it has removed the 300 billion USD cap on international purchases of the assets. This is a significant step in […]

ASIA: US Treasury Secretary Steven Mnuchin said today that the US and China has a “conceptual” agreement on enforcement concerns, stating positive progress has already been made. He did also mention an area of concern which is Chinese currency practices, and confirmed it will be a topic of focus when the two countries officials meet […]

ASIA: China took more action to boost its economy by reducing the amount of cash banks have in reserve. The PBC said it would reduce the reserve requirement ratio for most financial institutions by 50 basis points. The first in the over eight months. The step is expected to release nearly a trillion yuan into […]

Back during the Great Depression, there were people who theorized that gold hoarding was preventing an economic recovery. There is always this same theory that people who save, hoarding their money, cause a lack of a recovery by suppressing demand. This theory has been around for a very long time. It assumes a recovery is […]

ASIA: There was a somewhat successful call yesterday between US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. The call concluded that the US and China will resume trade talks in person at the beginning of October. In the run-up to the event, the two countries will hold a discussion in order to […]