Following Mondays near 3k point drop in the DOW, today’s attention is brought back to the Repo market and the demand for US Dollars is off the charts! In the FX market, there has been significant demand for dollars with aggressive bids seen against the Euro -9, GBP -7 and CHF -10 for T/N […]

This is the very essence of a financial crisis. Despite the fact that Trump cheered the Fed and they cut rates to ZERO, the risk was what would happen if the market continued to fall. Another steep sell off took place which resulted in the halt of trading again on Wall Street as Monday opened. […]

The European markets are crashing from the currencies to the debt – even the Bunds. The smart capital is realizing that this is the end-game. Central Banks are in a state of absolute crisis. We are looking at the extreme volatility that is required to eventually create the slingshot. As we head into the end […]

QUESTION: Hi Martin, I have been reading your blog with interest for six years now and recently I subscribed to Socrates. Thanks for all the insights. I have a question regarding the repo crisis and interest rates. Socrates correctly predicted the start of the repo crisis back in September. When will the Fed give up […]

ASIA: India’s central Bank Governor Shaktikanta Das told Bloomberg that he’s ready to act to shield the economy from the coronavirus and reiterated there’s room to cut interest rates if needed. The spread of coronavirus has raised the prospects of an emergency monetary policy action in India. India restored the social media access for people […]

The Federal Reserve is in full panic mode. The Federal Reserve cut interest rates Tuesday in a rare emergency meeting, responding aggressively to the growing threat the coronavirus poses to the economy and markets. The Fed lowered its key federal fund rates by half a percentage point to a range of 1% to 1.25%, the […]

QUESTION: Marty, Socrates has really been off the charts. I moved 401k and Roth money to cash in mid January and can not thank you enough! In a private blog post in October, you showed the quarterly S&P with a possible high in Q1, and decline thereafter. Is it now possible that, given the directional […]

ASIA: The chairmen of India’s biggest corporate companies lost around 7 billion USD of personal wealth combined to date in notional terms due to the COVID-19 outbreak in China and other parts of the world. Most of this wealth erosion happened over the last 15 days, when domestic equity indices have come tumbling down. BSE […]

COMMENT: This government [Queensland, Australia] pension scheme has been shaky for a while. Originally it was for government employees only, then spouses were eligible to join, later they include all family members and more recently television ads have promoted the scheme for anyone. Clearly this Ponzi scheme is looking unstable. I am glad I set […]

QUESTION: Mr. Armstrong; Have you been called in by the World Bank because of the coronavirus? The rumor is you are advising on this pandemic from a financial crisis perspective. Yes or no? Some say you have a financial interest in not calling this a pandemic. Care to comment? JV ANSWER: Yes, we have been […]