Overnight the Chinese data that the whole market was waiting for actually missed on the estimate (forecast was 6.9 but actual came in at 6.8) but all was forgiven after the PBOC injected more liquidity combined with rumours of additional … Continue reading
The fear has been that Iran will start dumping oil now that the sanctions have been lifted. Thus, crude has been falling out of bed in a nightmare scenario. The fact that Crude was below $35 and then rallied to … Continue reading
The Cologne police are now defending themselves after revealing that they brought the problem of the refugees to Mayor Reker. Politicians are simply trying to cover up their mistakes at the expense of increasing the danger to the citizens of Europe … Continue reading
Without warning, Germany has sent back the latest group of refugees to Austria. The Austrians are at a loss for what to do. A spokesman for the province of Upper Austria said, “From Germany it would be only fair that they … Continue reading
President Francois Hollande has publicly stated that the French economy is now in a state of “economic emergency.” He set out a €2bn job creation scheme in a desperate attempt to lift France out of an economic death spiral created by … Continue reading
The opening in Asia was the main discussion point for most dealers today. Oil hitting its lowest price ($27.65) since 2003, the Nikkei trading down 2% in the first 30 minutes of trading, and the Chinese raising the off-shore yuan … Continue reading
German Finance Minister, Wolfgang Schaeuble, has called for a new EU-wide tax on petrol to pay for the refugee crisis that Germany has created. This is a EU-WIDE continental tax, not one limited to Germany. So now all Europeans must … Continue reading
QUESTION: We see that the United States can borrow all it needs at minimal cost and we also see that we’re getting a big boost from falling energy/commodity prices, to levels we have not seen in some 15 years my … Continue reading
QUESTION: Dear Marty, Please correct and expand my understanding of a Sovereign Debt Crisis as it pertains to leveraged accounts. If global economies are leveraged because of too much debt with no plans to pay, then what are the pros … Continue reading
Goldman Sachs is finally paying a price (money) for the role it played in the 2007 mortgage scandal, but of course, nobody is going to jail, which proves that Goldman remains above the law. The Wall Street firm agreed to only a civil settlement of … Continue reading
