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Primary Dealers – the Truth About Their Iron Grip

QUESTION:  Martin, On Page A11 of the IBD today (5/29) a statement was made that seems to fit your claims.  It is something that having been in the business for 24 years I was unaware of.  The entire article is actually quite interesting. Please clarify the following, made in the 4th paragraph; …..BNP Paribas in […]

Domestic Myopic Excuses – The Worst is yet to Come

To try to explain the markets and how there can be a rising stock market with rising bonds, analysts characterize this weird trend as a US monetary experiment of the past four years, which has been caused by the Fed’s endless monetary injections (and pent up inflation expectations) while the bond rally has been due […]

August 7th – ECM

The August 7th turning point is starting to be picked up on our weekly models in many markets. The bounce so far out of the week of 5/20 is flat so far. This tends to warn what will not bounce reverses hard. So we may still be looking at new lows in the metals for […]

Freedom to Travel in Europe Shutting Down

The freedom to travel in the European Union that was to be the cornerstone of the whole issue behind the Euro is now being shut-down. The EU Member States are now allowed to reintroduce border controls at will. This is all the result of what I have reported that apartments in Germany were almost all sold out […]

Keynes, John Maynard

John Maynard Keynes 1883-1946 John Maynard Keynes was a British economist who revolutionized economic thought, which is widely known as “Keynesianism.” The son of a Cambridge don, Keynes was educated at Eton and Cambridge, where his degree was in mathematics. John Maynard Keynes was educated at King’s College, Cambridge, from 1902–1906 and DID NOT have a […]

When Genius Fails – The Underbelly of Markets

The Long-Term Capital Management (LTCM) collapse in 1998 has been often referred to as When Genius Failed. The collapse of LTCM was instigated by the collapse of Russia. Everyone and their 5th ex-wife was long Russian bonds as bribes were paid to people in the IMF to ensure the loans would keep flowing to Russia […]

UK taken to court by EU for not paying non-Brits Social Services

The Eu is like a guy in drag. All dressed up as a woman, but when you look under the dress you get more than a surprise in a Crackerjack Box. On the one hand they created a single currency, laws that allowed freedom of movement, and the right to receive social benefits from all […]

Understanding Cycles – the Two Extremes – Why We must Crash & Burn

Understanding that everything in nature moves in a cyclical manner is vital to comprehending the world around us. This is how energy moves. The waves in the ocean give the impression the water is moving when in fact if you throw a bottle that floats into the water you will notice that the bottle rises […]

When Iron was worth More than Gold

Before the Iron Age, Iron has been found in both the West and the East treated as a precious object that was more valuable than gold. Recently, the debate over whether these rare objects were meteorites has been settled. They are indeed meteorites that fell from the havens and thus were regarded as gifts from […]

We lost our Central Bank

I have stated numerous times that a central bank is essential. Banks take depositor;s money on demand but lend long-term. When a crisis hits, depositors want their cash and the banks has assets no cash. This is why the Fed was created with an ELASTIC money supply authority. It was to create excess cash to […]