The turmoil in the European bond market has demonstrated that the theory interest rates will not rise and are in control of central banks is dead wrong. Despite the ECB’s policy to buy in government debt to inject cash into the markets, one would think that the bonds would have a firm floor of support. The […]

I have received a lot of emails about how the gold bugs have now adopted the ECM date for the turn in gold and how governments are planning to roll out alternative financing of debt. India plans to issue a gold backed bond, and last Wednesday the state of Saxony-Anhalt issued its first dollar bond […]

All over the place they are touting that the stock market will crash and burn. Indeed, when you say there is a coming crash, everyone immediately assumes that means the stock market. It appears that the bulk of those who claim to be analysts are all proclaiming the coming stock market crash. This is typical […]

COMMENT: Dear Martin, Thank you for all you do, you are really great! Looking for the exact day of default for Greece in Wikipedia I stepped into a monumental article where I could not find any reference to a default, but only an endless epic of efforts to avoid default. “On 21 February 2012 the Euro […]

COMMENT: Marty, I found your take on matching lenders and borrowers precisely on point. Whilst it sounds innovative, that is precisely what blew up with the mortgage backed securities. The New York bankers took long-term and sold it to many banks in Europe and to insurance funds. That was matching the terms. Even Iceland’s proposal to shift […]

QUESTION: Dear Martin, First I would like to congratulate you on your excellent analysis and market views. I am a bond portfolio manager for 25 years and I can only be shocked by current interest rates, specially in Europe. I have recently cut my long exposure to Bunds and everyone says it’s crazy to be […]

COMMENT: Dear Martin, Interesting read on the London traders post today. I’ve always traded from home primarily in mid cap equities. This last year has seen the steady decline of liquidity in small and mid cap stocks as people seriously start to question which company’s will survive and which won’t. The blue chips are liquid […]

  The DAX is making this type of breakout whereas the Dow is crawling sideways along resistance. It is not quite ready for prime time. That does not  preclude the Dow from first reacting down with the first rate hike because so many people believe higher rates are bearish. Those will be the buying opportunities […]

QUESTION: “You do not see the stock market peak with the bottom in rates. That has NEVER happened even once”. So the new highs in the global stock markets are not due to the zero or negative interest rates and these are not the peaks, yet? The peaks will happen when rates rise (bonds collapse) and money flows […]

QUESTION: Marty Hi I attended your conference in Berlin which was a great insight into your works. However it still took me time to really understand what you have been writing as you foretold of what will happen with Gold. Whilst I took note I did not act and have had the best learning experience there […]