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Erdogan Seizes Total Control of Turkey

Turkish President Recep Tayyip Erdogan has achieved his dictator status which was his long-held ambition to expand his powers after the referendum handed him the reins of supreme power. However, the integrity of the vote is seriously questioned and the slim victory of just 51.4% approving a series of constitutional changes converting Turkey’s political system from […]

Market Talk – April 17, 2017

Weekend tensions continue to push money into safe-havens with the yen a good example of the flow. Gold, Treasuries and cash have also performed over the weekend. Trading down to the low 108’s, its lowest level since last November but still well above the August sub-par level. The Nikkei reversed early losses however and eventually […]

Trump’s Shift on Positions & the Rise of Kim Jong Un

QUESTION: Marty, you said Trump was wrong and China was not a currency manipulator and that Trump was following the same path as James Baker and the Plaza Accord. Everyone knows you are the guy countries run to in the middle of currency wars. Trump just changed his position on China dropping his claim about […]

Trying to Save Monte Paschi – Oldest Bank in the World

The EU Commission is looking to bailout Monte Paschi by almost eliminating more than 5,000 jobs. The Monte Paschi plan that was presented last October called for 2600 layoffs. It is the oldest surviving bank in the world and the third largest Italian commercial and retail bank by total assets. This makes it a critical bank in Italy. […]

Germany Building Free Housing for Refugees worth 3 million

In Germany, Martin Schultz wants to give refugees the right to vote. So if he cannot win with Germans, he wants to give the right to vote to refugees to win by bribing them. The German politicians are now giving them apartments they are constructing that cost about €3 million each. The construction costs actually come out […]

UK & Germans Did Intercept Trump’s Phone Calls with Russia

After denying that British and other European intelligence agencies have intercepted communications between Donald Trump’s staff and Russian citizens and other Russian citizens during the campaign, the truth has come out that they did exactly that. The Guardian, which has also been extremely anti-Trump, reported: “Britain’s spy agencies played a crucial role in alerting their […]

Market Talk – April 12, 2017

Asia traded heavy with the yen making new recent highs in the continued flight to quality/safety. Interesting we have seen such a tight trading range as we near almost half year lows and in rather thin volume. The blame continues to be placed at the feet of geopolitical tensions, France’s upcoming elections and the uncertainty […]

Market Talk – April 11, 2017

Nervous markets again with US military positioning headlines for most of the session and that led to safety moves back into the JPY. Having broken the 111 handle early, next target was the 110 handle. Many did not expect the US trading hours to take it as far as it did (109.65 -1.1% last) levels […]

Why Davos Predictions Are Always Wrong!

QUESTION: Mr. Armstrong; I read the quote that Kenneth Rogoff made about the predictions of the attendees at Davos. He told Bloomberg: “A joke, which I have been telling since the last meeting in Davos, culminates in the fact that the predictions made in Davos are always wrong… No matter how unlikely, the most likely event […]

Market Talk – April 10, 2017

Asia saw a mixed session today with almost everyone discussing the rising geopolitical tensions in the region. The initial move into safe-haven trades appeared to be short-lived and so we saw yen trade back into the mid 111 range having rejected the 110’s. The DXY closed strong on Friday and continues to trade strong. Exporters […]