After a strong open the Nikkei spent the rest of the day clambering to remain in positive territory. Eventually closing +0.45% higher, the Nikkei inspired the Chinese (Shanghai) into a 38 point end of day rally to finish up at +1.1%. The HSI never managed to trade above Mondays close; it finished off the lows but still […]

Protests are rising in Germany over the entire immigrant/refugee issue. This is the backdrop to the rumors running around behind closed doors in Berlin. Political rule #1 for an economic crisis: closing the borders for immigration in a downward economic trend leads to violence.

  The major underlying trend worldwide is (1) whoever was in is now out, and (2) people will always turn against immigrants when the economy turns south. In Switzerland, we saw a turn to the right away from immigration. This will be the trend to emerge throughout Europe, especially in Germany. Canada turned left against […]

The Canadian elections are on par with the world trend – whoever is in office, throw the bums out. The election took place on Monday, October 19, the anniversary of the 1987 stock market crash. The Liberals in Canada toppled the Conservatives as many Canadians saw their Head of State, Mr. Harper, as a dictatorial heavy-handed […]

The SVP won the elections in Switzerland, moving the nation a bit to the right and anti-immigration. This is becoming a global trend that we are monitoring in every country around the world. As the economy turns down, domestic populations ALWAYS turn against immigrants no matter what country it is. The Swiss are no different.

The economic data released from China earlier this morning has been the most talked about economic topic across almost every trading desk today. China’s Q3 GDP resulted in a small beat at 6.9% (expected 6.8%), and the September Retail Sales also slightly better at 10.9% (expected 10.8%) and then finally September Industrial Production released 5.7% against an estimated 6.0% expectation. All rather disappointing really – well, as […]

The debate for socialism is simply that they regard it as unfair when anyone has more than another does. The solution is always to rob someone else to improve your own life. If you take this philosophy as your own, then you rob others because they have more, which is no different than robbing someone […]

QUESTION: Marty, any comment on the Democratic debate? ANSWER: The debate was boring, pandering, with no vision or reality! Everyone said Hillary won. Bernie Sanders is a fool and wants to make everything free at the expense of the 1%, as if they could fund the entire government and population. When I was in Vermont for the TED […]

The two major acts that the Clintons did perpetrate, which have set in motion our greatest crisis were (1) they repealed Glass-Steagall allowing banks to go nuts and return to proprietary trading of the 1920s at the direction of Robert Rubin of Goldman Sachs, and (2) they gave the banks absolute dominion over students by […]

Mitsui & Co Precious Metals Inc is closing down its NY and London operations as losses mount. In New York, their operation was rather small with about 30 people, and their annual revenues were a little over $3 million. The company was formed only in 2005 and has not handled the bear market since 2011 […]