QUESTION: Hi Martin– The Christian Reformation of 1517 was the springboard for the development of western civilization. Most scholars focus on the theological aspects of the Protestants vs. the Catholics. But all have missed this key point: the economic impact of indulgences. I theorize that when indulgences ended, the masses had vast amounts of […]
Another weak session for Asia, but following the US close that was never going to be a surprise! All core traded heavy throughpout the day but China’s Shanghai index lost most reflecting a 4.05% decline. Financials, insurers and real-estate were pretty much to blame, but we can not rule out todays data release. Although the […]
It is no secret that I have no respect for George Soros and that is aside from the fact that we would often be on opposite sides of the market. I never saw Soros as a great trader. Even the reputation that he broke the Bank of England was nonsense. The “Club” was all on […]
Every police officer is armed and rarely will they ever be found guilty of killing citizens. In London, the police were unarmed and there was far less violence. A criminal in the state knows he may have to shoot his way out because the police are armed. Nonetheless, there is also a growing trend of […]
Property values in Illinois are collapsing thanks to the State being over the edge with its fiscal mismanagement. The state employee pensions are bankrupting the state and are now destroying the value of property in the States as a whole. We previously warned back in 2015: “This is why it appears that real estate will […]
Shanghai was the only one to underperform the core with a 1.4% decline and a weaker currency market. The Trade numbers missed expectations and that was probably the key reason why the Yuan took the hit. Closing down over 1% (at 6.286) was its weakest move in over two years. The balance of Asian […]
The Tom Hanks film, Bridge of Spies, portrays the capture and exchange of Rudolf Ivanovich Abel (1903-1971). He was known as the spy who would not break. You must understand that if you break under duress with an adversary determined to abuse you, there is no way to dance with the devil. Abel stood his ground for […]
QUESTION: Hello Martin: I was quoting you while speaking to a friend from a similar recent post where you stated that interest rates were at 5,000-year lows. They asked me where you got data going back 5,000 years and of course, I was at a loss to explain. So my question is: does such actual […]
QUESTION: Marty, Any thoughts/comments regarding the impending water shortage in Capetown? As a person who has much historical knowledge, are you aware of a major city such as Capetown ever running out of water? Or is this truly a historical first? Love your blog as it covers so much information and isn’t just corporate financial data […]
