Merry Christmas

What’s Nice About Christmas

What’s so nice about Christmas has always been the one time of the year when everyone is pleasant to one another for the most part (except in Washington [lol]). You do not have to be Christian to enjoy the season.  I have Jewish friends who still put up the Christmas Tree along sing of the […]

Happy Hanukkah

Can Rates Rise with Deflation?

QUESTION: Hi Marty, How does the model’s call for deflation (earlier blog posts) fit in with the likely major cycle low in interest rates (per your recent posts)? Can there be general price deflation and yet interest rates increase significantly? ANSWER: Yes. Rates can soar to outrageous levels during the collapse of a system, which reflects […]

The Future is Not as Dark As it Seems

I took this picture at the beach. At first glance, it is hard to tell if it is a sunrise or a sunset. For the record, it was a sunrise – the dawn of a new day. What we face can be disastrous but it also can be the dawn of a new era. Government […]

Market Talk – December 23rd, 2016

  An extremely quiet day, as you would expect in this holiday shortened trading session. With Japan on a public holiday due to Emperors Day it was left to the Shanghai and Hang Seng to set the mood for European trading. Both closed lower as energy continued to weigh on sentiment but was probably the […]

The ECB is Insolvent Based on Their Standards

As we approach 2017, the euro appears far worse than anyone could imagine. The biggest hypocrite is actually Mario Draghi who is outrageously managing the European Central Bank (ECB). To make this as plain as possible, the ECB is the largest individual creditor of the euro countries, and is thus a bank that is undermined completely by the poor creditworthiness of the […]

Clarification on India’s Gold Confiscation

To make it clear, India is not going door to door to confiscate gold any more than FDR did. The reason so many $20 gold coins have survived is because there was no door to door confiscation. Banks and corporations who had records of gold were forced to turn their gold over and then FDR […]

Destroying the Global Political Economy

QUESTION: Well Marty, I am actually baffled at what is happening in the United States. First, the demonstrations, the recount, the campaign to derail the electoral college vote, the continuous blaming of Russia, the fake news furore et al… Is this the end of the United States as we know it? Are Obama, Clinton and co […]

Market Talk – December 22, 2016

After a reasonably quiet session for the US markets (when many had hoped the DOW would break the 20k level) Asia had little chance of making much ground. The Hang Seng took most of the wind out of their sales with prices down around -0.8% with many large caps lower on year end profit-taking and […]