Greek bonds were being sold again sharply today. The 10 year bond spreads to Germany are wider by 60 BP on the day! Rumors are always floating around and maybe we should just expect more intraday volatility; especially given that the chasing opposition SYRIZA party have been gaining steadily in recent polls! Brussels will only […]

  The resistance in the Dow Jones Industrial Index for today stands in the mid 16700 zone on a technical basis. Targets in time for this week were Wed and Friday with the latter being the main target. ONLY a closing back above 17010 would signal that the low is in place for a broader term. […]

  A lot of people have been writing about Bill Gross leaving PIMCO and connecting that with us and our forecast that there is a coming bond collapse. I cannot comment on any client or who is a reader or not. Unlike the NSA, I believe in privacy. That aside, there has been talk of […]

Europe will move to Eurobonds for now Brussels gets it – if the euro fails, they lose their jobs in Brussels. Individual government bond issues have prevented the Euro from becoming a major currency and it now trails even the Chinese Yuan in trade. Nonetheless, some are trying to argue such as the German bank co-chief […]

The greatest threat we have to the financial stability of the entire global economy is the collapse in liquidity. Governments cannot understand that their desperate need for money that has unleashed the worldwide hunt (or shakedown) is producing the greatest collapse in liquidity on a global scale perhaps in modern history. Even just recently, the […]

While everyone is paying attention to Russia, the European economy continues to spiral downward into its Debt-Deflation, and the rising cost of debt to EU members in real international terms is alarming. Poland on Wednesday confiscated all bond holdings of private pension funds. This will be booked on their balance sheet to reduce their debt […]

Investors are smarter than the fund managers on many occasions. They have been bailing out of the municipal bond markets for the last year. This is one of our strongest recommendations for far more cities will be going bankrupt after 2015.75 not just in the USA, but in Europe. Sell while you can and that […]

For all the rantings about hyperinflation and the demise of the dollar as the reserve currency, the fallacy of this constant preaching is quite plain and straight forward. WHERE DOES MONEY GO IN THE ALTERNATIVE? While the gold promoters tell you it is only gold, after the German Hyperinflation the new currency was backed by […]

COMMENT:  Mr. Armstrong, I just wanted to say thank you. I’m basically a nobody except to my 5 children and wife (that’s all that matters to me anyway). I have limited market experience. The majority of experience I have is in business systems analysis, so making sense out of the global market was almost undoable […]

PIMCO lost the mantle of the largest fund as capital withdrawals reached $38 billion this year as money moves to equities. The largest fund is now Vanguard. This is part of the cycle shift. While there is likely coming a near-term correction, everything is still pointing to capital flight from bonds and banks into equities. […]