The US market has been hit in sympathy because of the chaos outside. This should be expected. We have warned that China peaked in 2007 and is headed lower. The US is the ONLY game in town and the US economy has been holding up the entire world. But the growth in the USA is […]

After a long debate in the EU, the ESM may now help ailing banks directly. The euro bailout fund could jump in but only viable large institutions if all other auxiliary facilities are maxed at national or European level.

  I just did an interview about the movie with Aljazeera for Europe and the Middle East. One question was am I not scared about the “government” after what I went through. There is no single “minded” government. There are individuals among the unelected under-belly of government that abuse their power all the time. One […]

The nice think about our clients is the global diversity. From Germany, a reader informs us about the claims for the 1906 San Francisco earthquake also send capital flows pouring from German insurance companies to California. Indeed, the economic trends in Germany were set in motion at this time as well. I can confirm that […]

QUESTION: Martin, While I clearly understand your reasoning for deflation in the US allied to a very strong dollar; does the opposite apply to those countries, like the UK and European economies where their currencies are likely going into freefall? Keep up the brilliant work. Is the movie coming to the UK? AB ANSWER: Yes. […]

While the world has been watching Draghi and are surprised at the dissent, at the same time the street tends to try to create hard fast rules to follow the Fed rather than the markets and economy. The thinking process seems to try to fashion fixed rules to approach the Taylor Rule. This is kind-of […]

  Why are central banks buying equities outright and trading futures? Very simple – EURO CRISIS! I have reported that central banks have been buying equities because there is a real crisis underway in central bank reserves. Behind the curtain, they need diversity because the Euro Crisis has creates a Reserve Crisis. There is no […]

Encyclopedia of Ethical Failure           Department of Defense Office of General Counsel Standards of Conduct Office Updated October 2014                 Contents Introduction………………………………………………………………………………………………………….. 3 Disclaimer……………………………………………………………………………………………………………. 3 Abuse of Position………………………………………………………………………………………………….. 4 Bribery (18 U.S.C. § 201-Type Violations)……………………………………………………………… 11 Compensation for Representational Services from Non-Federal Sources (18 […]

QUESTION: Your reference (not for the first time) to new USD highs may be the most striking — and consequential — of all the insightful and startlingly original  remarks you have made in recent years.At the very least it must rank high and cause not a few of us to stroke our chins and ponder. It seems churlish even […]

Moody’s has cut Japan’s credit rating by one notch over rising doubts about its ability to reduce debt levels. Japan has the worst debt to GDP among the major nations. It has been able to weather that given the fact that most of its debt is a real Ponzi Scheme being held domestically. We have […]