The drop in the market yesterday was widely attributed to Gary Cohn resigning from the Trump Administration over his tariff policy. That must be a real shock because Gary Cohn has resigned as White House chief economic advisor. The press attributes Cohn’s planned departure comes on the heels of a decision by President Donald Trump […]

QUESTION: Powell is from the Carlyle Group which people say you advised. Do you know Powell? What do you think of his agenda? Will you be advising him? PD ANSWER: No, I never met Jerome Powell. Our contacts with the Carlyle Group I am not at liberty to confirm or deny with regard to any […]

Talk amongst many traders is that they are so unsure how the new rules and regulations surrounding the implementation of MIFiD II (Markets in Financial Instruments Directive) are to be imposed, that some even said they were keen to extend their holidays until this mess is sorted out. In other words, until they hear that […]

The Bank of Italy, when it was headed at the time by Mario Draghi, knew Banca Monte dei Paschi di Siena SpA hid the loss of almost half a billion dollars using derivatives two years before prosecutors were alerted to the complex transactions, according to documents revealed in a Milan court. Mario Draghi, now president of […]

Well of course the press has made it known that their verdict on the first U.S. presidential debate is that Hillary Clinton “won”, yet Donald Trump didn’t lose badly enough to really change anything. Hillary avoided offering to produce her emails and Trump was playing Mr. Nice Guy while Hillary was negative and nasty. The roles […]

  QUESTION: Hi Martin, thank you for your great work with Socrates and especially for presenting the Indicators for us whom are still outside of the Trader Level.   I have some question about the recent sell off in the DOW. True, it was really time for a correction/drop. But the retail investors are still […]

The WikiLeaks release of the Democratic National Committee’s emails and documents have confirmed what has always been self-evidence to those behind the curtain — Hillary does not represent the people, she represents those who give her big money. Hillary takes money from the Wall Street guys and does their bidding. That is why the Clintons […]

Goldman Sachs is at the center of a probe into the rigging of U.S. Treasury Auctions, which was the same allegation that resulted in the Treasury shutting down Salomon Brothers in 1991. I wrote about this incident when Salomon was caught. The fact that such rigging in commodities markets was standard for decades was common knowledge. When […]

The man who made Wall Street famous was John Gutfreund, which he always pronounced as GOOD-friend, has died at the age of 86 who became known as “King of Wall Street” back in 1985 for building the Investment Bank and bond trading house of Salomon Brothers into the number one underwriter in the world, the […]

  Larry Summers, the father of NEGATIVE INTEREST RATES, is so against a free society and looks upon us as dumb cattle to be herded and corralled for his pleasure. His ideas are just beyond belief. Now Mr. Pro-Government-Anti-Democracy is advocating killing the $100 bill. He is moving to electronic money so that government can get all […]