COMMENT #1: Hi Martin, corn also turned nicely on the ECM: JB COMMENT #2: Hello Marty, I just want to point out that the Japanese yen broke really hard on the 10th. Not sure if this will prove to be a precursor of what is to come. Thanks from Tokyo, your old home ground. AS […]

ASIA:   Australia’s Foreign Minister, Penny Wong, has urged exporters to diversify their markets and become less dependent on China as Australia cannot separate economic and strategic relationships with China. This comes after both countries reached a consensus to end their dispute over barley, with Australia suspending a case at the World Trade Organization and […]

ASIA: China’s manufacturing sector lost momentum in March due to weak export orders, slowing the country’s economic recovery from COVID-19 policies. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) fell to 50.0 in March from 51.6 in February, which was the first monthly activity expansion in seven months. However, China’s economy showed signs of recovery […]

ASIA:   Chinese Premier Li Qiang said on Thursday that he was committed to opening up and reforming the world’s second-largest economy, seeking to win over foreign investors even as trade and geopolitical tensions with the West loom large. Li, who spoke alongside the prime ministers of Malaysia, Singapore and Spain, earlier this week told a […]

ASIA:   The US and Japan have agreed to not impose export duties on critical minerals needed for electric vehicle batteries. The agreement is aimed at reinforcing supply chains and reducing dependence on China, which currently dominates the sector. The US law requires 40% of critical minerals in eligible EV batteries to be extracted from […]

ASIA:   Local governments in China are facing a debt crisis, with direct debt exceeding 120% of revenue, which is more than what Beijing has unofficially said is an acceptable debt level. The country’s explicit local government debt nearly doubled over five years to the equivalent of $5.14 trillion last year, and there are rapidly […]

QUESTION: Hello Martin, I have been reading you since your handwritten and from memory letters were getting out from your incarceration. You are truly an amazing man sir. I realize that both the Kondratieff and the Brenner cycles are mostly just coincidental to market cycles today but my question is are both the Kondratieff and […]

Republicans are working to prevent the central bank from establishing a digital currency (central bank digital currency or CBDC). Ted Cruz (R-Texas), backed by  Mike Braun (R-Ind.) and Chuck Grassley (R-Iowa), proposed S. 887: “A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly […]

ASIA:   China’s central bank kept interest rates unchanged while increasing liquidity injections for a fourth consecutive month, with the aim of supplying the market with enough long-term funds. The move also indicates policymakers’ comfort with the country’s modest economic growth target for this year, set at around 5%, which is at the lower end […]

QUESTION: Marty there are a lot of people who seem to be trying to create a panic. Some are claiming the stock market will plunge by 50%. Others are saying nothing will survive other than gold. It seems like none of these people have any sense of what is really unfolding. They were saying the […]