President-elect Trump’s appointment of Scott Pruitt is a major change from the Obama Administration’s insane EPA ‘climate’ regulations. Trump’s pick of Pruitt clearly means that he is standing up to the green establishment. Historically, EPA chiefs have all been just climate change advocates. Trump met with Al Gore and Leonardo DiCaprio who are Global Warming advocates […]
Today, any information ahead of something like a rate hike is seen as insider trading. But back during the 1970s going into 1981, things were different. The banks were not big proprietary traders. I would routinely get a call that the Fed would raise rates in 15 minutes. It was not that someone was trying […]
Mario Draghi, extended the European Central Bank (ECB) $ 1.74 trillion bond purchase program to support the economy by nine months to at least the end of December 2017. This is far longer than most economists had expected. However, the monthly volume of currently €80 billion euros will drop to €60 billion euros from April 2017 […]
The euphoria created yesterday by the ECB continued in to Asia and especially Japan – again. The Yen has started to feel the heat as prices take out the 114 handle again and we make our way towards 115. The Nikkei closing the day up 1.25% has established a new high for the 2016. Producer […]
Geert Wilders’ Freedom Party soars ahead in polls and would win if the election were held today in the Netherlands. The political world is still in denial. Discussions circulating on Capital Hill are taking the route that Reagan was an outsider, so they just have to train Trump how this has to be done. Around […]
On July 11, 2016, the 30-year bond peaked on the nearest futures at 177110. The 30-year Treasury yield fell to 2.088%, and on that day, the Swiss government actually found some real suckers to buy 50-year bonds at negative yields out to 2076. The buyers will not be around to experience the official default, so […]
QUESTION: Hello Martin, every day I read your blog. Today was about All Roads Lead to the Dollar and manipulation: First you say that the system cannot be manipulated: (“the system, which is crumbling before our eyes, cannot be manipulated. This is why BREXIT, Trump, and now Hollande in France are stepping out and Italy […]
The Nikkei closed today at its highest level for the year which included a well behaved Yen. Closing up +268 points (+1.45%) certainly puts it in good shape for the year end rally. Shanghai and Hang Seng were mutually off-set (+0.2%/-0.2%) with many just waiting for the ECB rate decision and being led by the […]
Government is on the verge of completely destroying the economy all because those in power are incapable of managing even a bubblegum machine. Local cities are desperate for money as their own pensions keep moving closer to collapsing. Instead of dealing with the problem, of course, they always choose to just tax the stupid people. Pasadena […]
