QUESTION: Martin, I assume when you say “When Obama was elected, the right simply accepted it and moved on” you are referring to the people and not Congress? PG ANSWER: Yes. In Congress, they always try to oppose the other side. That is pretty standard. We did not see street protests. This time it is […]
James Bullard, president of the St. Louis Fed, in a March 3, 2017 interview with the Wall Street Journal, “The recent data aren’t that different from what they were at the time of the January meeting and we didn’t really use the January meeting to set up a March rate hike.” He also offered an important response to […]
While today is know as Pi Day, tomorrow is the fateful Ides of March and indeed to Trump we must say – Beware! It clearly appears that the Treasury has been deliberately trying to get rid of its cash reserves which stood at $435 billion before the election. They obviously expected President Hillary Clinton would be […]
Another quiet trading session for Asia resulting in mixed signals with little headway made. All core markets closed within 0.10% of their previous close. China Industrial production rose (6.3% while estimate were 6.2%) for the first couple of this year but were disappointed as Retail Sales released at 9.5% against an expected 10.5%. The BOJ will […]
QUESTION: Hugo Salinas Price raised the introduction of silver as a duel currency in Mexico. The 1 ounce coin with no number of pesos listed on it (possible no date either) would be a dual currency. The value, like gold and silver bullion, would be listed each day so everyone would know the value. If the […]
QUESTION: Do you think there is evidence that Obama did a wiretap of Trump Tower? ANSWER: No! Trump used the term “wiretap” as it used to be that way 20 years ago, but today, the NSA takes every phone call in the country if not the entire world. They tap into the trunk systems, they […]
QUESTION: Hi Marty, When the EU reaches their “Oh shit!” moment will it be able to devolve back into an Economic union? Is there any possibility that the fall in the Euro will rescue the EU? Regards, F ANSWER: Human nature seems to dictate that will not happen. The attempt by the elite to force a […]
Core Asian markets performed well today on what has potential to be an extremely volatile week. The Nikkei bounced from early weakness but was more playing off-set from currency moves. The mood did not start so well for Japan after January Machinery Orders came in way below estimate (-3.2% against forecasts of +0.5%). This obviously […]
The Wikileaks Vault 7 of the CIA espionage has exposed the fact that they are spying on every individual in Germany from Frankfurt. Here is yet another blow to undermining public confidence in government. The CIA is allowed to spy on the entire German economy, every individual citizen, every politician, every lawyer, every businessman […]
The Trump administration moved on Friday to sweep away virtually all of the remaining vestiges of the Obama administration prosecutors at the Justice Department. They ordered 46 holdover U.S. attorneys to tender their resignations immediately. Demanding resignations from US attorneys is actually standard operating procedure in the DOJ whenever a new administration assumes power. Traditionally this […]
