ASIA:   CRISIL expects India’s gross domestic product (GDP) growth to touch 6% in fiscal 2024, compared with 7% estimated by the National Statistics Office (NSO) for fiscal 2023. Consumer inflation is expected to moderate to 5.0% on average in fiscal 2024 from 6.8% in fiscal 2023, owing to high-base effect and some softening of crude and commodity […]

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  We have a serious problem here. Depositors in a bank are NOT risking their money as an investor in a hedge fund. They expect honesty and stability. If the bank is trading and doubles its money, it belongs to the shareholders – not the depositors. Likewise, a loss belongs to the shareholders and that […]

America should violate international law to begin World War III, or as Senator Lindsey Graham worded it: “We should hold [Russia] accountable and say that if you ever get near another U.S. asset flying in international waters, your airplane would be shot down.” Graham suggested last year that we simply assassinate President Putin, so this […]

COMMENT: Marty, I hate to tell you but the reason you saw this coming was that you are old – like me. LOL. Do you realize that the 2007-2008 crisis was 16 years ago! Time flies, my friend. Most traders at these banks are under 35. That means that they have never seen anything like […]

QUESTION #1: Marty, I think your warning about the collapse of leadership in government and the private sector rings true as Ken Griffin, the founder of hedge fund Citadel, said the rescue of Silicon Valley Bank shows the U.S. economic system is “breaking down before our eyes” because they bailed out the depositors. Yet Carl […]

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ASIA:   Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced COVID-19 lockdowns, while profit ballooned in the Americas, the fashion retailer’s annual report showed on Thursday. Inditex, the world’s biggest fashion retailer, reported record annual sales on Wednesday. It has been expanding in the […]

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There once was a time when cash was the undisputed king. Merchants preferred cash payments over credit, and there were often incentives for paying with paper. I recall receiving lower gas prices when paying with cash, for example. It is increasingly common to see “no cash accepted” signs at establishments as the world moves toward […]