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Market Talk – October 10, 2019

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?” […]

Italy Issuing Debt in Dollars – Not Euros

October 10, 2019

Italy today launched new debt in US dollars instead of euros in hopes of attracting dollar investors as the euro market continues to show signs of stress. They issued USD 2.5bn 5yr, USD 2bn 10yr, and USD 2.5bn 30yr. We are in the end game now to have euro members begin issuing debt in US […]

The Cost of a Political Divide

October 10, 2019

QUESTION: Trump Impeachment. Y’know Marty, since the Democrats have tried unsuccessfully for so long to find some dirt on Trump, the guy must be squeaky clean, no? NMM ANSWER: Impeachment occurs when someone does something while in office. It is not based on what they did before. All the stuff they bring up from his […]

GE Pension Crisis Escalates

October 10, 2019

General Electric Co announced it was freezing its pension fund for about 20,000 U.S. employees with salaried benefits as the Pension Crisis continues to build. Its pension deficit is up to $8 billion. GE’s pension plan has been closed to new entrants since 2012. This is the cost of Quantitative Easing and lowering interest rates […]

Cold & the Great Migration

October 10, 2019

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, […]