QUESTION: Mr. Armstrong, I think I am starting to see the light you have been shining. Negative interest rates really are “completely insane”. I also now see that months after you wrote about central banks were trapped, others are now just starting to entertain the idea. Is this distinct difference in your views that eventually […]
Saudi Arabia has threatened the Obama administration and congressional leaders that it will sell billions of dollars in U.S. financial assets if Congress passes a bill to make the Saudi government legally responsible for any role in the 9/11 attacks. That bill would allow claims to freeze their assets in the USA by a judge pending […]
Our criminal justice system is the worst in the world. America has only 4.4% of the world population but 22% of the world’s prison population. We have the worst system in the world because you stand very little chance of having a fair trial. The time it takes to even overturn wrongful convictions is outrageous. […]
COMMENT: Marty, the goldbugs are out in force saying that the banks have admitted they manipulated silver. It is interesting how these people lack any understanding of the markets. Just give up. They deserve their own fate. BD REPLY: Yes, I know. It is rather pathetic. It demonstrates how ignorant they are about trading and the […]
The Bundesbank (German Central Bank) has come out to oppose eliminating cash. During the pre-euro years, the Bundesbank was providing us with inside info on the euro preparations because they were outright against it. Those who always hate central banks do not realize that they are not always what it seems. The Bundesbank is now […]
General view of the buildings of the Court of Justice of the European Communities The European Court of Justice (ECJ) has stated that banking secrecy established in Austria cannot be relied upon by German bank branches in Austria to defeat tax authorities. Branches of German credit institutions in Austria must, therefore, provide information on accounts […]
Perhaps it is just cyclical, but the Cleveland Republican Convention will be the first time that Cleveland has held a political convention since the fateful 1936 election, just prior to the 1937 peak in the recovery from the Great Depression. This has the potential to be very bad for the city insofar as it will expose […]
Obama came to office yelling about “fat cat bankers” and “corporate jet owners.” He then rescinded all the Dodd-Frank restraints against the bankers, and Goldman Sachs was the largest donor behind the University of California. Whatever these politicians say they stand for during an election, you can bet is pure bullshit. Whatever they say they […]
QUESTION: Dear Marty, Whether in a Phase-transition or a Slingshot Move in the Dow, you made it very clear that such moves will be driven by capital inflows to the USA due to the alternative flight to quality to the private sector, both internationally and domestically. It is now just so obvious, it is unfolding […]
It really should be no surprise to people that we saw some retracement after a 3.3% rally in a day. That is exactly what we saw today in the Nikkei after yesterdays euphoria. Most dealers were hoping China’s GDP release was going to provide the end of week support for the markets but that failed […]
