What was initially a healthy start to the day following a strong Asian session all that changed mid-afternoon when reports about Deutsche Bank hit screens yet again. So, rather than me recapping the whole day lets just concentrate on the final few hours where all the excitement accorded. The rumours hit the trading floors that a […]

A weaker opening for Asia with the Nikkei 0.7% lower mid-morning and just kept drifting having heard Mr Kuroda inflation expectations and his possible “lower interest rates” comments. The Hang Seng and Shanghai indices traded heavy also as confidence was lost once the Shanghai broke the psychological 3k level. All core Asian indices closed between 1.25 and 1.75% on the day and that certainly […]

Germany’s Chancellor Angela Merkel has got to be the worse politician in history when it comes to understanding the economy. Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017 according to Focus magazine citing unidentified government officials. Merkel is just incapable of making […]

Nigeria has begun the hunt for taxes as they target 700,000 firms as the country is desperate to look for more revenue as its income from oil has collapsed. Nigeria is Africa’s biggest economy and it has entered its first recession in more than 20 years as overspending produces only higher taxes, not economic reform. […]

Today was the first day that the Nikkei cash has had to reflect upon the FED’s decision, as was closed Wednesday for a national holiday. Todays trading result was a small decline (-0.3%) which on the heels of the 2% rally Wednesday was quite refreshing. The other core markets also saw a small decline with the shanghai and […]

QUESTION #1: Marty, Greenspan reads you without a doubt. You warned back in 2012 that we have to be concerned about the USA moving into stagflation with deflation in Europe and Japan. He said the same on Bloomberg. He also said the crisis is the aging population, lower birthrate, and that will result in higher costs […]

As China opened after a long weekend, so it was that Japan was closed for national holiday (Respect for the Aged Day). There was also a computer issue in Australia that resulted in the ASX closing early. Ahead of both the FED and BOJ this week could be interesting. China added more liquidity over the weekend which set the […]

The Stage is being set for the most dramatic political change in our lifetime; or for the young in age rather than just hart, post World War II. Angela Merkel’s party came in with absolutely historic losses in elections in Berlin. Some are claiming, such as the Mayor, this will return Nazis in Germany as the far-right […]

  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 […]

COMMENT: You are wrong. The SDR will destroy the dollar as of October 1st when they include China. You will see. China will sell all its US Treasurys and buy SDRs. REPLY: Your very statement is totally absurd. The SDR is calculated simply by a basket of currencies including the dollar, yen, pound, and euro […]