Given yesterdays sudden reversal in US and the accompanying 20% decline in BITCOIN, Asian markets traded nervously as one would expect. Most core opened lower but that proved to be the days lows. The Hang Seng spent 95% of the day in negative territory but then in the final minutes managed a +0.25% positive […]
The Chinese rating agency Dagong downgraded the US creditworthiness over the tax reform. What is really a total joke is why anyone bothers to rank any government debt whatsoever when in fact there is not a single government in the world who ever intends to pay off their debt. So why does anybody rate government […]
QUESTION: Is the euro really going up on capital inflows or speculation leverage? ANSWER: We are not picking up any real net capital outflows from the USA to Europe. It appears to be speculation on the currency markets in anticipation of higher interest rates coming down the line. But real capital has not begun to move […]
COMMENT: Marty; I really do not know how anyone cannot recognize what you have discovered. The euro began its breakout precisely on your target of the ECM on November 24 last year. You have proven beyond a doubt that there is a hidden order to everything if we care to just look. My hat is […]
QUESTION: Martin, I took your advice back in November about a potential January DJ high and it has paid off for me well. I am a small-time personal investor and am wondering about the content of the Vertical Market Report – is this something tailor made for the Professional / Hedge fund trader? I am […]
Asia started today’s broad stock market rally as from the opening bell all core moved from strength to strength. Both the Hang Seng and Shanghai adding +0.8% but the HSI doubled that and more with an impressive +1.8% daily return. HSI was the outlier yesterday recording a decline but with Banks and Finance stocks benefiting, today performance certainly […]
COMMENT: Your view on denying climate change is supporting the capitalist model. This shows you have no credibility. OD REPLY: Climate is changing and it is part of the normal cycle – not human-induced. You are actually correct that I support capitalism and freedom and am against authoritarianism and totalitarian systems. What you fail to […]
Culture is changing and much seems to be reverting back to the way it was before Socialism. Before the 1930s, there was typically a large age difference between couples. The boy had to become a man and then approach the father to ask for his daughter’s hand. He would have to demonstrate that he was […]
QUESTION: Martin, So much common sense from you. But, re the almost total corruption of government, could this be the ONLY practical solution? That is: 1. Elect Politicians directly, at random, from the general, law abiding population for a fixed term with no possibility of re-election 2. Pay them well, with jobs/careers guaranteed and severe prison […]
Todays Asian session really looked like a game of two halves! Initially we saw core outperform for both the Shanghai and Hang Seng, but by afternoon trading and into the close prices had drifted into negative territory. The Yuan appreciation probably has much to do with the move, but also coming off of […]
