In 2010, Barron’s wrote a piece on me effectively laughing at my forecast that the share market would rally to new highs. What seems to inevitably unfold is this notion that whatever the event might be in motion, the mere thought of a reversal in trend appears impossible. When the press disagrees with Socrates, I […]

ASIA:   China’s central bank kept interest rates unchanged while increasing liquidity injections for a fourth consecutive month, with the aim of supplying the market with enough long-term funds. The move also indicates policymakers’ comfort with the country’s modest economic growth target for this year, set at around 5%, which is at the lower end […]

  COMMENT: Marty, it’s refreshing to have Socrates that is totally unbiased. It projected continued rising rates into next year and the Fed just proved its point. It is not backing down. Thank you. Socrates is very enlightening. GS ANSWER: I know there were a lot of talks that surely the Fed had to lower […]

The banking crisis continues and it is impacting funds that have been buying bonds. Allianz, a subsidiary of Pimco, is writing off countless millions with Credit Suisse bonds. The banking crisis has been the result of artificially low-interest rates for far too long and banks were used to free money and bought long-term bonds all […]

Economics is the ONLY field where cycles are denied. Moreover, people do not even comprehend how COMPLEXITY emerges. Alan Turing was a brilliant mathematician who is probably the father of computers for he built the really first computer to break the German Enigma Machine. He invented the computer and broke the German Enigma Code. You […]

COMMENT: Marty, I hate to tell you but the reason you saw this coming was that you are old – like me. LOL. Do you realize that the 2007-2008 crisis was 16 years ago! Time flies, my friend. Most traders at these banks are under 35. That means that they have never seen anything like […]

ASIA:   Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced COVID-19 lockdowns, while profit ballooned in the Americas, the fashion retailer’s annual report showed on Thursday. Inditex, the world’s biggest fashion retailer, reported record annual sales on Wednesday. It has been expanding in the […]

In an interview on May 11, 2014, I explained on USAWatchdog that confidence always outweighs reality. “It’s basically what you believe. There have been all sorts of studies on fundamentals that say if interest rates go up, stocks go down.  It is simply not true.  The stock market has never peaked with interest rates twice […]

We have a MAJOR problem with this Biden Administration. It is so radically left, it is now endangering the entire economy, not just the banking system. Biden lied to the public claiming there were no buyers for the Silicon Valley Bank. In fact, in London, HSBC immediately stepped forward to strike a deal for SVB […]

ASIA: China’s efforts to ramp up lithium extraction could see it accounting for nearly a third of the world’s supply by the middle of the decade, according to UBS AG. The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025 from 194,000 tons in 2022. That would lift […]