The conservatives are going nuts about raising the debt ceiling as if this really matters. They claim: “The United States is effectively bankrupt, but that doesn’t matter to the GOP. Once evangelists of fiscal responsibility and scourges of deficit spending, Republicans today glory in spilling red ink. The national debt is now $20.6 trillion, greater than […]

Asian markets responded better than US cash did upon the news of settlement between the US House of Representatives and the Senate. The BOJ keeps rates unchanged certainly eased some concerns, but even that news did not spur too much reaction with the Yen/USD exchange rate. The Nikkei closed over the 24k level and is […]

QUESTION: I am most interested in your revisionist view of QTM. You debunk QTM frequently within broader topic discussions, but I’d love for you to address QTM by itself in a historical context. Perhaps starting with the Austrian darling, Henry Thornton, and his “An enquiry into the nature and effects of the paper credit of Great […]

We opened the week with a quiet, low volume Monday but with plenty of central bank activity scheduled to look forward to. Given the US shutdown started midnight Friday, the news over the weekend appears to be somewhat muted, but unless it continues for a longer period it is unlikely to have economic consequences. The […]

QUESTION: Mr. Armstrong; I understand that your model shows that China will become the dominant economy post-2032. The IMF added the yuan to their SDR basket. Are central banks starting to use the yuan in reserves in a major way yet? KD ANSWER: Yes. The ECB (European Central Bank) converted a half-billion euros to yuan. […]

The two largest foreign holders of the US debt, China and Japan, reduced their holdings of US government bonds in November compared to October. While many are trying to say see, they are dumping US bonds, China reduced its holdings by 1% or $ 12.6 billion to $ 1,176.6 trillion and Japan reduced its positions by $10 billion to […]

QUESTION: Martin.. I have been trading /investing for over 20 plus years. How can one be in the markets and survive if the “biggest  Safest  Banks”  in Canada are failing even today to not only fill a trade or give you a reliable quote but even to even give you an accurate account balance! ANSWER: This […]

QUESTION: You have talked about bitcoin and are rightly skeptical as we all should be, yet creative destruction rolls on. What insights do you have to share about the Dapps and Ethereum? In reading your blog for several years now you have truly opened many peoples minds. Thank you for your insight! KS ANSWER: If […]

  Given yesterdays sudden reversal in US and the accompanying 20% decline in BITCOIN, Asian markets traded nervously as one would expect. Most core opened lower but that proved to be the days lows. The Hang Seng spent 95% of the day in negative territory but then in the final minutes managed a +0.25% positive […]

Asia started today’s broad stock market rally as from the opening bell all core moved from strength to strength. Both the Hang Seng and Shanghai adding +0.8% but the HSI doubled that and more with an impressive +1.8% daily return. HSI was the outlier yesterday recording a decline but with Banks and Finance stocks benefiting, today performance certainly […]