The Quantity Theory of Money that an increase in supply should result in a decrease in its purchasing power (inflation) is being seriously questioned behind the curtain. The simplistic idea is starting to be exposed as an ancient myth. It is interesting how many phone calls are coming in from around the world as people […]

  Comments coming back from the traders in the City of London have been interesting. “What the bloody hell is going on!” Dealers have all had position limits cutback, and traders seem to have a diminishing desire to play as they will not be paid anyway. Those that have had the chance to move to hedge […]

  U.S. stocks rallied on Wednesday after the Federal Reserve suggested a less aggressive timeline for raising interest rates even as it opened the door for the first hike in almost a decade. The Fed has come under lobbying from other countries not to raise rates. The Fed will comply for now, but when the […]

  The violent protests downtown Frankfurt simply paralyzed the city. Barricades were burning everywhere and at least 90 policemen were injured. The city of Frankfurt, normally the obedient Germans would never act in such a manner, yet the city was reduced to a war zone. No doubt they will be looking at further restrrictions now […]

  This entire experiment with the Euro is literally going down in flame.

  We warned that the Dow was not going to blast out to the upside and we saw a sideways to consolidating trend into May. Nothing has really changed and as you can see from our Energy Models, we have indeed been in a declining phase. Technically, the Dow is coming back to key support. […]

QUESTION: “You do not see the stock market peak with the bottom in rates. That has NEVER happened even once”. So the new highs in the global stock markets are not due to the zero or negative interest rates and these are not the peaks, yet? The peaks will happen when rates rise (bonds collapse) and money flows […]

QUESTION: Marty, Would nations still issue debt in the reserve currency or their local currency? If countries issued debt in the reserve currency, wouldn’t that be the same problem you have pointed out with the euro? You have made it clear that debt is the great destroyer of civilization. It seems that this is the […]

QUESTION: Mr. Armstrong People seem to just equate any non commodity form of money as being fiat. But fiat means a value dictated by government. There seems to be a foot-loose use of the word fiat to the point I am not sure what people are yelling about. Bitcoin fluctuates wildly so where is the […]

Locking in a mortgage at these low rates makes send for it will be a hedge against the real estate. The 15 year mortgage is more practical in that it saves interest costs. The 30 year was a Great Depression invention to try to support the real estate market by allowing people to buy on […]