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Market Talk – March 13, 2020

ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 1,128.58 points or -6.08% to 17,431.05 Shanghai decreased 36.06 points or -1.23% to 2,887.43 Hang Seng decreased 276.16 points or -1.14% to 24,032.91 ASX 200 increased 234.70 points or 4.42% to 5,539.30 Kospi decreased 62.89 points or -3.43% to 1,771.44 SENSEX […]

Cycles of Internal Political Confrontation Turned up March 10, 2020

COMMENT: Marty, you make so many forecasts on so many aspects of the world economy in politics, I am not sure you even keep track. You wrote back on March 9, 2017: “It appears that we are headed back to the mid-19th century when brawls broke out on the floor of Congress … We are […]

Romney Positioning for VP on Democratic Ticket with Hillary?

QUESTION: Mit Romney was against Trump on every possible level right into the impeachment. Some think he will somehow become a Democrat to try to get into the White House. Do you see any chance of this? HD COMMENT: Marty, I think you are correct that Hillary will be drafted. There is no possible way […]

Market Talk – March 12, 2020

ASIA: Chinese Foreign Ministry spokesman Zhao Lijian said that the US military could have been to blame for bringing the virus to Wuhan. The comment was said in more of a retaliatory context after the US accused China of being slow to react to containing the virus. China bounced back, asking the US to reveal […]

Market Talk – March 11, 2020

ASIA: On Tuesday, India suspended issuing visas to citizens of France, Spain, and Germany until further notice. Such restrictions were already in place for citizens of China, Italy, Iran, Japan, and South Korea – the five countries worst hit by the outbreak of the virus. India has also closed a border with neighboring Myanmar to […]

Jawboning the Fed on Cutting Rates

COMMENT: Hello Martin, I see President Trump is still calling for interest rate cuts from the Fed. I know he is a businessman and with the current situation is he making the right call with all his business knowledge? ( not sure the reason for the name-calling?) Trump presses ‘pathetic’ Fed to cut rates more […]

Market Talk – March 10, 2020

ASIA: The yield on the Indian government’s 10-year bond slumped nearly 11 basis points on Monday when it hit an over 11-year low as a decline in global crude oil prices eased concerns over inflation and fiscal deficit. Rising expectations of a rate cut by the Reserve Bank of India (RBI) following a rout in […]

The Reason for the Crash

QUESTION: Why is the US Dollar tanking during this Coronavirus outbreak? Would have thought it was a safe haven. And why is the Japanese Yen increasing? Why is Japan considered a safe haven? M ANSWER: This has nothing to do with the Coronavirus. The capital flight began with the concern that Bernie was leading the […]

Market Talk – March 9, 2020

ASIA: The Indian Bureau of Immigration announced that those flying in from Italy and South Korea will need a medical certificate saying they are corona-free to enter India. Italian and South Korean nationals who have been granted fresh India visas issued after March 5, 2020, and have been issued a medical certificate from the designated […]

2022 & Repo Crisis

QUESTION:  Mr. Armstrong I Hope your health is holding up with all the viruses. My first question is Feb 13 the Fed printing money increased by 13 billion however it is buying short term debt as in 1-day debt how long can they keep this up it is a fake stimulative of the stock market […]