ASIA: A slow increase in output and new business, coupled with a steep decline in exports following the global coronavirus pandemic, pulled down India’s manufacturing activity to a four-month low in March, a private survey showed on Thursday. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) declined to 51.8 in March from 54.5 in […]

Here we go with the same old hypothesis over the Quantity Theory of Money that Trump is (1) nationalizing the Fed, (2) the Fed’s actions are worse than the virus, and (3) Forbes proclaims that the Trump & the Fed are destroying the dollar. It is really fascinating how these propositions running around are not […]

There are reports of riots beginning in China. In Thailand, one of the most peaceful communities, there was an armed robbery of a 7/11. You cannot shut down the world economy like this. People will begin to riot after 10 days and we will see a sharp rise in property crimes. People are being deprived […]

QUESTION: Marty, they have always called you the Legend. You have proved that you are probably the greatest trader that ever existed. You not only have choreographed when the correction would start, but you have held our hand through this entire decline. Again you said the market would decline into the 23 of March and […]

ASIA: India announced a nationwide lockdown starting at midnight to contain the novel coronavirus. The duration of the lockdown will be 21 days. India also announced 21.5 million USD of fund allocation to strengthen the health infrastructure in the country. The total cases of coronavirus have surpassed 500 in India. India’s central bank, the Reserve […]

COMMENT:  Trying times. The news just seems to keep getting worse. Not the actual news about the virus itself, but rather, the wake of destruction left behind the actions taken to “flatten the curve”. As a Californian, it seems like Newsom is spreading panic rather than mitigating it. My wife and I have been diligently […]

There is no question that the fundamentalists #1 Golden Rule has been when stocks crash, run to bonds. We are entering the collapse in public confidence and this is BEYOND the central banks despite the massive attempts to intervene. Keynesianism is DEAD!!!! We have entered uncharted territory which is the darkest fears of academics for […]

Last September, we provided a special report on the dollar shortage. Throughout Europe, there is such a panic into physical dollars many places simply have no currency left for exchanging. This report deals with the Next Monetary Reform many will call Bretton Woods II. What is the future for the dollar? Contrary to what many […]

QUESTION: Gold & the younger generation Regarding the article ‘Gold & the Future ‘ ‘…Will they then look to gold and history? ‘ I think the following article about the younger generation putting their savings into, less durable, sneakers, is interesting: DH ANSWER: Yes, when I ask certain people in their 20s about investment, I […]

COMMENT: Martin – I’m glad you had the opportunity to attend the gathering at Mar E Lago and I hope you had a chance to introduce yourself and your economic track record to president Trump. He is an ego-driven person who loves smearing dirt in the faces of his opponents unnecessarily, but he is business-oriented […]