QUESTION: Sir, My son is studying US History this year in 8th grade. You have a lot on your plate and appreciate what you have been doing for us. What is the best book on the monetary history of the US? Keep up the hood work and see you in November. DK ANSWER: Although I was […]

Tim Cook, the head of Apple, said that the company may send billions of dollars back to the US next year in 2017 in response to the EU Commission retroactively changing tax deals. Apple struck a deal with Ireland and agreed to locate there for taxes. Now the EU Commission is saying individual member states may not […]

We knew what to expect from the Nikkei cash this morning after we heard remarks late Friday and Saturday from all at Jackson Hole. On Saturday it was BOJ Governor Haruhiko Kuroda who said he would approve further monetary stimulus without hesitation! Having seen the Nikkei futures up 1% and the JPY weaken by 1% this […]

QUESTION: Marty; Since you wrote that central banks have been net sellers of US Treasuries for the first six months to support their currencies, others are jumping on board and are claiming nobody wants them so buy gold. Would you care to elaborate on this subject? It seems another desperate attempt by the hyperinflationists. Thank […]

The revelations about Hillary are never ending. Even Donald Trump who admits buying politicians donated $100,000 to Hillary’s Foundation back in 2009. While others were handing her tens of millions to get deals from the State Department, with a token $100,000, Trump was obviously just putting his name on the list for influence as he […]

The condo bubble has broken in many markets. Even rentals in Miami and other prime markets have begun to decline. In part, the rise in the dollar is now curtailing foreign investment. Likewise, I personally know some British friends who are selling property in the states to take advantage of the huge profit in the drop in the pound when converting back […]

QUESTION: Hi Marty,   I read your post on gold today. After crash and burn, all those that are holding paper money will take a haircut.  So, irregardless of how high physical gold goes per ounce, at least it is a tangible asset, as opposed to what (toilet) paper money may be worth…am I seeing […]

The financial services industry is undergoing its greatest upheaval perhaps in more than 35 years because the government came up with a brilliant new idea to pretend there is a crisis that they need to step in to save you. I have warned that there has been talk about taking over 401K funds which are […]

Is a the European bank rally sustainable? European banks continue to rally marginally following the release of the European Bank Authority stress test. However, risks remain with a referendum to be held in Italy proposing to redesign their election process putting any Italian bank restructuring at risk. The EU banking committee proudly announced positive stress […]

Finally, the Dow made new highs in the face of constant calls for a crash. This past week, in a horse race we would call it a trifecta where the Dow Jones Industrials,  S&P 500,and  the NASDAQ all made new record highs.  This sent a bunch of analysts to look again and began to proclaim […]