The mining industry is collapsing. Everyone expanded dramatically because they never expected China to stop buying. The loading up of debt is likely to get many companies in trouble. We may see the entire industry downgraded on a wholesale basis. … →
Yes, we were hit hard with global warming. It’s just like I remember from when I was a kid and my father pushed me out the window to dig us out so that we could open the front door.
Japan opened weaker (mostly following the poor close on Wall Street) but was also influenced by the poor Retail Sales (Est -0.1% v’s actual -1.1%). However, after the initial shock prices recovered on rumors of additional stimulus expected to be … →
We have penetrated last year’s low in the cash S&P500, but not in the Dow yet. The Yearly Bearish does not come into play until we get to the bottom of the upward channel. Penetrating last year’s low is indeed … →
Megyn Kelly’s inappropriate statements to Trump when she was supposed to be an impartial moderator demonstrated that she should, by no means, ever moderate another debate. On this score, Trump is absolutely correct. Yet, it has gotten far worse. Fox News … →
Google’s artificial intelligence computer has beaten the European champion of the board game Go. Not just once, but 5 to 0. This game is far more difficult than Chess as it requires more than merely creating lists of patterns to … →
If things were not crazy enough, now we have ex-Salomon Brothers Michael Bloomberg saying he will run as a third-party candidate. Already, Kathy Kiely, the Washington news director at Bloomberg Politics, said she resigned from her post after growing uncomfortable with … →
We saw a mixed session in Asia with good performances by the Nikkei (+2.7%) and the Hang Seng (+1%) but had Shanghai spoil the party with a -0.5% decline. That performance was actually rather good as we had seen the … →
QUESTION: Martin, Your grasp (and evidently the computer’s) of historical forces–the Shakespearen drama of it all–is awesome. But you seem more worried about possible socialism than neofeudalism, in which he rich take us back to the Middle Ages. Why? And … →
On one hand, Yanis Varoufakis is a left-leaning economist, however, he also see the truth about debt and how Greece cannot possibly recover. For the most part, I agree with him in general principle as to the crisis. Where … →
