ASIA: According to reports from Reuters, China is trying to propose a plan to promote Macau to be its next “Hong Kong” by building it into a world-leading financial center. China unveiled plans of creating a yuan-denominated stock exchange, as well as allocating extra land to Macau for it to grow. The region was a […]
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COMMENT: Thanks so much for your explanation of the Repo Crisis which is now self-evident that the Fed has reversed course and did not cut rates. You are always on the cutting edge and your contacts are revealed in your analysis. PV REPLY: The central bank has been in control of short-term rates, not […]
COMMENT: Martin, The Death of Democracy is alive and well here in Seattle. A statewide initiative I-976 to limit Washington car tabs to $30 has just passed with a large majority. In less than 24 hours Seattle’s mayor Jenny Durkan has already announced a lawsuit against it with support from King County Executive Dow Constantine. […]
QUESTION: Mr, Armstrong; in searching your writings you acknowledge that pollution is a problem. So to be clear, you distinguish pollution from climate change? Can you articulate the difference? HJ ANSWER: We all want clean air, water, and the environment. As I have said, I lived in London in the mid-1980s when the buses were […]
The legal scandal in Spain after a court acquitted five men of raping (sexual assault) a 14-year old girl because she was unconscious has sparked international outrage and local protests. It is not that the men were freed. Since the girl was unconscious, under Spanish Law technically she was not “raped” since she did not […]
The Repo Crisis is only Part II of this Mother of All Financial Crises. Where Quantitative Easing was buying in long-term debt to try to lower long-term interest rates and stimulate the economy, the Repo Crisis is entirely different for its objective is to prevent short-term rates from rising. The Fed did not lower rates […]
