Italy today launched new debt in US dollars instead of euros in hopes of attracting dollar investors as the euro market continues to show signs of stress. They issued USD 2.5bn 5yr, USD 2bn 10yr, and USD 2.5bn 30yr. We are in the end game now to have euro members begin issuing debt in US […]
QUESTION: Hi Martin, first of all thank you for being alive and bring your knowledge to the world. I am also worried for when you will not be here, wondering if there is or will be anyone like you there? I have a question as I am worried about my parents. They live in Europe, […]
COMMENT: Mr. Armstrong, Rome was my first WEC. It was truly an eye-opening event. Nigel Farage was correct – you are the alternative to Davos. I wanted to say after you explained the structure of the European Union and there the German people were denied any right to vote to join the euro, this coronation […]
QUESTION: Dear Martin, am a loyal reader of your blog and many thanks to you for the education. Please, one brief but important question, which keeps me thinking hard these days. I remember your words, inflation should pick up in the next cycle. But, isn’t it the other way round? Isn’t deflation the next […]
COMMENT: You are quite correct Mr. Armstrong. Prime minister Boris Johnson spoke that “no deal” Brexit looks like a surety and the FTSE 100 skyrocketed and the pound took a beating against ALL mostly traded pairs. Indices (excepting for a few) are going to the moon!! J.F REPLY: There are actually suggestions in Brussels I […]
Christine Lagarde will replace Mario Draghi come the end of his term. Of course, the IMF has not been entirely supportive of Draghi’s policies. But she is predominantly a lawyer and does not have the experience in how markets function (reliable internal sources). She has no idea of what she is walking into. The ECB […]
COMMENT: Dear Martin, you are once more right with your view’s. EU’s Schengen agreement is going to die. From May 1st on, anybody in the EU has to carry an “A1 Certificate” if he or she is going on a business trip to avoid “social insurance fraud”. If not, you could be fined by up […]
Europe’s voters have spoken. The establishment parties have lost big time and the ant-EU parties have made major gains as have the Green parties. This was the highest turnout ever in European elections. The ant-EU parties won in the UK, France, Italy, and even in the Netherlands. This is a very clear message for Brussels […]
QUESTION: Marty, at the Rome WEC you put up that chart that showed historically private sector yields have gone below public. That really demonstrated your point on this shift from public to private. Now with Deutsche Bank on the ropes, here in Denmark, even mortgage bonds are going negative. Is this the real panic you […]
Greek Prime Minister Alexis Tsipras has called a snap election after disappointing results from his party in the European Elections. His Syriza party was estimated to have received just 23.94% of votes in the elections, trailing behind its main opposition party New Democracy, which received 33.28%. A far-right party in Italy’s of Deputy Prime Minister Matteo […]
