Jeremy Corbyn, the infamous Karl Marx admirer, has been elected UK opposition Labour Party leader. Corbyn is really a communist who professes an admiration for Karl Marx. He is the new face of Britain’s opposition Labour Party, which will help to make a British EU exit more likely. The Marxist sophistry is to rob anyone who has more. They never […]

It was a mixed session for Asia yesterday after what has been a very volatile week. The talk remains as to what China’s next move would/should be and “if” the Fed will move next week. This been the most awaited Fed decision in years and has been the hot topic just about everywhere. It was a clearer […]

  “The Forecaster” translated into French becomes “l’ORACLE”, which to me is Warren Buffet’s tagline. This demonstrates the difference in attitude among the French citizens and U.S. citizens. Political manipulated polls aside, here the review begins, “If you are naturally pessimistic about our future…” This is the reason why I agreed to allow a German film crew to […]

Asia saw some very strong gains on rumors of renewed Chinese intervention with the Nikkei producing its strongest one-day rise since 2008 (1,343 points +7.7%). The Chinese markets reacted to the news rather late yesterday. Europe walked in to the jubilation and saw encouraging market gains in the morning session. By mid-afternoon, the U.S. market […]

QUESTION: Dear Martin: I hope you are doing well. In the movie of James Bond, named “Quantum of Solace”, (filmed in some areas of the Chilean desert), the Bolivian and corrupt general requested his money in Euros, because “the U.S. dollar is NOT the same than before!”. Many asset managers, private investors, men and women […]

  The FT ran a commentary entitled, “The case for retiring another ‘barbarous relic'” on paper money. Money has historically never been a store of value for money is on the opposite side of tangible assets. Even when gold was used as money during the 19th century, its discovery in California was highly inflationary. Rooms for rent in San […]

QUESTION: Mr. Armstrong; Is the velocity of money an indicator of booms and bust? Didn’t the QE program by the Fed increase the money supply? Then why do we not see an increase in velocity or inflation? Confused & Curious TW ANSWER: The reality is, in a broad general sense, the velocity of money is […]

The world share markets remain volatile yet should begin to stabilize now showing tentative signs that the panic of Monday is starting to subside. The reported epicenter of Shanghai for the rout, however, has suffered another big sell-off. The mayhem in China’s equity markets showed no signs of abating on Tuesday, as the Shanghai Composite index […]

“Wild” is an understatement to describe today’s equity market moves. Some say the Chinese are at fault for their unexpected move in currency, but whatever the reason for the increased volatility, you can be sure they will increase margin requirements, which will add to the volatility and further the decline in liquidity. All Asian equity […]

This three-month rout in equities is scaring the hell out of everyone. It has changed the view that the Fed will not raise rates, which has sent the dollar lower in what appears to be the bubble in government, particularly in Europe. The bells are ringing this Monday across world markets with a 9% nosedive […]