QUESTION: Hi Marty, I hope you’re keeping well? More news from the “EU beacon of light” for you. I’ve enclosed an article regarding Irish pension money in Italian bonds. This is very very scary if true and we really are heading for a disaster from which a little country like ours won’t recover if we […]
Any doubts the markets were having were displaced after yesterdays strong US performance. the DOW breached the psychological 25k level and we are off to the races again. The NASDAQ has been creating fresh ground and now it will not be long before the S+P and the DOW join them. Asian markets still need convincing […]
COMMENT: Mr. Armstrong; It is really getting bad here in Hawaii. Thank you for your writings on volcanos. It helped me convince my family to move to another island. There was a very loud explosion. That was simultaneous with a fairly large earthquake here we felt everywhere. It really keeps getting worse. Thank you REPLY: […]
There is much hope buzzing around in Europe that Draghi is planning on ending Quantitative Easing. This is giving the Euro a bit of a lift in hopes that higher interest rates will stem to drastic capital outflows from Europe that resemble rats fleeing a sinking ship. Back on May 14th, Mario Draghi said the […]
Canada’s last commodity exchange is closing. The Winnipeg Grain Exchange, which was established in 1887, will shut down for good after its owner transfers the bourse’s only remaining futures contract to New York. It is ironic that when a decision like this is made, it is often a sign of a major change in […]
QUESTION: Why is the Fed moving to relax the Volcker Rule and allow banks to once again engage in proprietary trading? I figure if anyone knew the truth, it would be you Thank you in advance PH ANSWER: Yes, the Federal Reserve Board wants to roll back the Volcker Rule, which was imposed to […]
Asia has been significant in that even as Trade Talks loom overhead the sentiment could not help but push prices ahead. Although the Nikkei opened lower, it spent the rest of the day rallying as the currency declined. Registering a end of day gain of +0.4%, whilst the Yen lost -0.4% to close with a […]
Federal Administrative Court in Leipzig ruled last week that the Federal Intelligence Service (BND) may continue to access data at the world’s largest Internet node in Frankfurt am Main without just cause. In the ruling, the court dismissed an action brought against this practice by the operating company and the government demanded they turn over […]
Healthcare costs have been exploding even in Germany. The revisions in healthcare of about two years ago did expand the coverage, but the expanded costs were completely unexpected. That means Germany is also looking to now raise taxes to cover the higher costs due to their legislative reforms. The reforms have brought in more people in need of care and relatives than expected. Currently, the […]
One of the more fascinating examples of how the government prosecutors are looking for high profile cases to further personal careers rather than actually policing society to protect the people has been exposed by the sale of the Leonardo DaVinci painting of Jesus Christ. I previously reported that DaVinci’s 500-year-old painting, known as Salvator Mundi (Saviour […]
