QUESTION: Marty, I heard that banks are actually shutting down proprietary trading. Is that true? Does that mean the manipulations are coming to an end? Cheers FP ANSWER: Yes. Many banks are getting out of the business entirely, especially the Europeans. They are not even making markets in currency. The fines over short-term manipulations have […]

Asia, and China in particular, put in a stellar performance today, eventually closing up over 4%. Rumors pushing the market that the PBoC is pursuing a tighter relationship between Shanghai and Hong Kong, and also that President Xi Jinping said the country’s economic growth rate will not be less than 6.5% in the next five years […]

We have been warning that this turning point was different. Instead of a crash in private assets, as in 1998.55 or 2007.15 when the Case-Schiller peaked to the day, this time it was in government. Putin bombed Syria precisely on the day of the turning point (9/30/2015), but there were many stocks that bottomed with […]

Asia saw a mixed session with small plays in both directions from the core markets; the Hang Seng did however close strong (up 0.85%). Once the European session got underway most indices were trading heavy as the euro continues to lose friends. That all changed, however, once the U.S. markets opened for trading. After the […]

DAY ONE We will be covering the global trends that will drive the capital flows. We will be looking ahead beyond 2015.75 and into the next two waves culminating in 2032.95. We will cover capital flows, the shifting tide in investment, and how to strategically position yourself for the turmoil ahead. We will be looking […]

The upcoming election in Hawaii has revealed the rise of a separatist movement that argues that Hawaii is an independent country that has been occupied. Indeed, Hawaii is one of four U.S. states that were actually independent nations before they became states. The others are Vermont, where there is also a separatist movement, along with Texas, and […]

The Dow closed neutral on our indicators for the month-end of October. We have held support below and bumping against resistance. There are only two possible patterns: (1) a slingshot move that penetrates last year’s low and swings to new highs in a blast to the upside, or (2) we simply base and then enter […]

QUESTION: Martin; Why in the world anyone would invest in government debt when they all default in the end? GH ANSWER: Honestly, most people are oblivious to the fact that governments always default in modern times. Jean Baptiste Say took the position that a rational businessman will never hoard money because of inflation and he will promptly […]

QUESTION: Mr. Armstrong; I read this time its different by Rogoff. While it is interesting about sovereign defaults, he clearly does not go back into ancient times or more than a few hundred years. If anyone would know when the first such default took place it must be you. Any idea? ANSWER: Yes. The first such […]

A mixed session out of Asia with not one market providing a clear sense of direction! The Nikkei and Shanghai spent the day flip-flopping between red and black whilst the Hang Seng saw selling throughout the day. All core European Indices returned negative performances today with declines between -0.2% and 0.6%. The U.S. opened weaker after yesterday […]