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CNN is Dying – Thank God!

COMMENT: Marty, You have a bigger readership than CNN. They dropped to 80,000 primetime. I think you are well beyond 600,000 these days. Maybe put in an offer to buy CNN for $1.49 and hire all new staff and Socrates should get his own show. WL REPLY: That is just amazing. I think the price […]

US National Debt – A Different Perspective

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 […]

the 1933 Bank Holiday – Can it Happen Again?

QUESTION: Marty there are a lot of people who seem to be trying to create a panic. Some are claiming the stock market will plunge by 50%. Others are saying nothing will survive other than gold. It seems like none of these people have any sense of what is really unfolding. They were saying the […]

Market Talk – March 20, 2023

  ASIA:   A new report suggests that China is reducing its imports from the United States, with a decline in US exports to China in 2022, despite suggestions of record trade. The worsening of relations between the US and China since the Trump administration began imposing import tariffs on Chinese goods in 2018 has […]

Market Talk – March 16, 2023

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 […]

Houston – We Have a Serious Problem in Biden Administration

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 […]

There no such thing as Random Walks in Markets or Economics

  COMMENT: Marty, I really cannot thank you enough. Socrates called yesterday as the turning point and it was the strongest one of the week. We got the bounce when everyone was in a panic state claiming that the Fed would not have to lower rates. They really do not understand central banks as you […]

The Ukraine People Must Overthrow Zelensky to Save Their Country

  This is the former adviser to Zelensky, Alexey Arestovich, who quit in protest. He has publicly stated that “The west deceived Russia. They promised not to push NATO to the east, and they did. They turned Ukraine into a huge anti-Russian country. If I was in Russia’s shoes, I would have done the exact […]

Toxic Currencies – Good for the Yuan

The Chinese yuan has out-traded the US dollar by volume for one of the first times in recent Russian history. The dollar was king in 1991 when the Soviet Union collapsed, but that is no longer the case after Moscow branded the dollar a “toxic currency” along with the euro. Toxic currencies accounted for 87% […]

Why Most Americans Cannot Afford a Home – A Price Breakdown

Are you too poor for the basic human necessity of shelter in Biden’s America? The average home price in Q4 of 2022 was $535,800, according to the St. Louis Fed.  If you live in a highly desirable area, expect to pay more. To simplify the math, let’s say that you are looking to purchase a […]