Happy Hanukkah

Can Rates Rise with Deflation?

QUESTION: Hi Marty, How does the model’s call for deflation (earlier blog posts) fit in with the likely major cycle low in interest rates (per your recent posts)? Can there be general price deflation and yet interest rates increase significantly? ANSWER: Yes. Rates can soar to outrageous levels during the collapse of a system, which reflects […]

The Future is Not as Dark As it Seems

I took this picture at the beach. At first glance, it is hard to tell if it is a sunrise or a sunset. For the record, it was a sunrise – the dawn of a new day. What we face can be disastrous but it also can be the dawn of a new era. Government […]

Market Talk – December 23rd, 2016

  An extremely quiet day, as you would expect in this holiday shortened trading session. With Japan on a public holiday due to Emperors Day it was left to the Shanghai and Hang Seng to set the mood for European trading. Both closed lower as energy continued to weigh on sentiment but was probably the […]