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California Bans the Sale of Furs

California has become the first state to ban the sale of new fur clothing, starting in 2023. Used second-hand furs will still be legal to sell and no doubt they will play the same game they do with expensive high-end cars. They import them to a low tariff place, pay someone to drive and put […]

Wild 9-Year Cycles in Climate Change from Cold to Warm

On September 28, 1924, the New York Times reported that there was evidence that the Arctic had actually been tropical in the past. They reported that there was the possibility of a coming Ice Age. The NY Times reported: “NATURE is in a strange mood beyond the Arctic Circle, Glaciers are moving from their age-old […]

Mortgage Backed Securities Still Defaulting – Bad Omen for Real Estate?

During the last Mortgaged Backed Security scandal which undermined the entire world economy, they created mortgage modifications which enabled millions of delinquent homeowners to avoid having their home foreclosed. Since 2007, it has been estimated that some 8.7 million permanent mortgage modifications were created. There are still over $800 billion of these bubble-era loans outstanding. […]

Bail-In v Bailout of Banks in USA

QUESTION: Might you clarify this response you gave on one of your very recent blogs. You said bail-in may NOT be permitted on US soil. Did you mean that despite the laws written in the USA to allow it, you don’t think it is likely to happen to USA citizens banking in the USA? OR […]

Market Talk – October 21, 2019

ASIA: China and the US seem to have struck an agreement on how to proceed with the trade deal. Both countries acknowledge that continuing the trade war would not be beneficial to anyone. Over the weekend, Vice Premier Liu He said that the US and China were working at addressing each other’s core concerns – […]

Are the Democrats Doomed in 2020?

The latest ruckus behind the curtain is that the whispers are turning into screams. The big donors to the Democratic Party have almost unanimously put the Democratic Party on notice that they will sit this one out or even donate to Trump if the party nominates either Elizabeth Warren or Bernie Sanders. Based on very […]

Market Talk – October 10, 2019

ASIA: Today top officials from China will be meeting their US counterparts to kick off the well anticipated trade negotiations. Tomorrow President Trump with meet with Chinese Vice Premier Liu He at the end of the talks. US President Trump tweeted, “Big day of negotiations with China. They want to make a deal, but do I?” […]

Cold & the Great Migration

QUESTION: Marty, are you still in Asia because you wanted to miss this early snowstorm? Pete ANSWER: No, the crisis is Asia has capital in a state of concerned. Because of the problems in Hong Kong, there remain major concerns not just about the peg, but the future of Hong Kong. As I have said, […]

Cycle of Innovation

QUESTION: Hi Martin, I am curious about Industry/Technology, is there a cycle for the industry, the industrial revolution, internet, etc., is it linear or cyclical.  Should we expect self-driving cars and continued advances or some kind of reversion to the industry/technology past?   It seems that it may be linear, but maybe only up to a point […]

Deep State & the Latest Ukrainian Scandal

QUESTION: Do you think this latest Ukraine scandal is another attempt by the Deep State to get rid of Trump? SK ANSWER: Yes, I do. This whistleblower did NOT have direct knowledge. His report was wrong but that does not seem to matter even though it was not something he even had personal knowledge of. […]