QUESTION: Marty, you are absolutely a Godsend. Nobody updates during the day of a panic but you. While everyone thinks the increase in the repo and cutting rates would save the market, you play these down as failed attempts. What is your take on this right now? Your loyal follower for life. HP   ANSWER: […]

While the Democrats love to yell at the rich for always getting richer, in 2016, there were 541 US billionaires with wealth totaling about $2.4 trillion. In 2019, there were 607 US billionaires with wealth totaling about $3.1 trillion. Of course, this is based on stock market valuations and is not cash in the bank. […]

ASIA The United Nations High Commissioner for Human Rights (UNHRC) has filed an intervention in the Indian Supreme Court on the Citizenship Amendment Act (CAA) and informed India’s Permanent Mission in Geneva about it, India’s Ministry of External Affairs said. This means that the global human rights body wants to be made a party in […]

The Federal Reserve is in full panic mode. The Federal Reserve cut interest rates Tuesday in a rare emergency meeting, responding aggressively to the growing threat the coronavirus poses to the economy and markets. The Fed lowered its key federal fund rates by half a percentage point to a range of 1% to 1.25%, the […]

ASIA: The chairmen of India’s biggest corporate companies lost around 7 billion USD of personal wealth combined to date in notional terms due to the COVID-19 outbreak in China and other parts of the world. Most of this wealth erosion happened over the last 15 days, when domestic equity indices have come tumbling down. BSE […]

QUESTION #1: Hi Mr. Armstrong, Might the current correction be the set up for the long awaited slingshot move? Regards, BE COMMENT #1: I just wanted to say thank you. I sold out on the ECM and bought puts on the market. You just paid off my mortgage. God bless you! HJ COMMENT #2: Marty, […]

  ASIA: The Indian government is planning a data protection bill that will require tech companies to tell users what data they are collecting and, in most cases, get consent from users to collect that data. It also imposes restrictions on what kind of data can be stored outside the country. The bill, currently making […]

ASIA: US President Donald Trump has said Washington is in no hurry to sign a big trade deal with India and he is saving the big deal for later on. There was an expectation that India and the US would sign a trade deal next week during President Trump’s maiden visit to Asia’s second-largest economy. […]

ASIA: A meeting is being planned between US President Trump and Indian executives, especially those focusing on job creation and manufacturing in the United States, on February 25 when President Trump visits India. Vodafone’s Indian business Vodafone Idea Ltd reported its sixth straight quarterly loss. Revenue fell 5.8% to 1.55 billion USD in the reported […]

ASIA: China’s Hubei province reported its lowest number of new coronavirus cases since January. This gives officials hope that the outbreak may be approaching its peak even as experts remain wary about its spread outside of China. Confirmed cases of the coronavirus have risen to almost 45,000 and deaths rose to 1,115 by February 11, […]