Any hope that Greece will now negotiate with its creditors should help to hold the euro for now. But keep in mind that Brussels has still not changed its mind or its philosophy. It is going to take more than just Grexit. Eventually, Greece will have to leave. There will be no choice and its […]

The bond markets were the talk of the city today in London with continued uncertainty putting a bid under the street. Bunds were up over one and half points in early trade and although peripherals followed (BTP’s +70 cents) the gap just increased. Ten year Treasuries in late trading hit 2.20% — despite printing 2.31 in early Asia. […]

QUESTION:  Dear Martin, Attached please find a review of a book on the achievements of Khan (1162- 1227). Despite his image, this visionary leader adopted some very ‘modern’ values (meritocracy, freedom of religion, universal laws (shepherds = princes), emancipation of women, taxation, free trade, etc.). This extra-ordinary man created an empire larger than the Roman one. […]

Let’s face reality. Margaret Thatcher was a polarizing figure for most in Britain failed to understand what she really was trying to accomplish. Her whole idea of a poll tax was not to benefit the rich; it was to force everyone to pay attention to government as a check and balance. Then there are the false […]

Brussels has been dead wrong. The stupid idea that the euro will bring stability and peace, as it was sold from the outset, has migrated to European domination as if this were “Game of Thrones”. Those in power have misread history, almost at every possible level. The assumption that the D-marks’ strength was a good […]

QUESTION: Marty, I want to say congratulations. You stood up there in Berlin in 2012 and said the Euro-Swiss peg would break and that Greece would ultimately leave the euro. I can’t wait for this year’s Berlin conference. Wonder if the central bank of _________ will attend again? I suspect that Brussels will not back […]

So far, it looks about 60%+ for the NO vote. This is a truly astonishing victory. We can see that this is going to have a stunning impact upon Europe as a whole by the sheer magnitude of the percentage victory after more than half of the people could not vote without returning to their place […]

QUESTION: Mr Armstrong; A friend works for a ….. Hedge Fund. He said you could put together a team to save Europe. Would you take up such a challenge? Thank you for telling it the way it is. OD ANSWER: In theory, yes, we could put together a team of people from the real world to […]

Greece was not the main headline today, to no surprise. Obviously, it’s still all over the media, but the markets had the Non-Farm Payroll (NFP) to contend with instead. Not such a shocker at 223k (rate 5.3%) but the revisions (down 60k, putting April 187 and May 254) were mildly interesting.  Also, a point to note […]

The most fundamental truth about trading is that your opponent is YOURSELF. The majority must be wrong because they are the fuel that propels the market. The market enters a flash-type crash when the vast majority is LONG and they try to sell but there is no bid. Far too many people demonize trading such as “paper gold”, arguing that it is […]