QUESTION: Dear Martin: How does this affect cash flow to and within the USA? (China Bond market) Rich ANSWER: It does not alter anything just yet. Most of the capital outflow from China has been its own people trying to get cash out. They were using BitCoin to accomplish that. This is a first step […]

Geopolitics has taken centre stage today as Trump comments on the severity required towards North Korea and prepares for his meeting with Russian President Vladimir Putin. German Chancellor Angela Merkel has talks with President Trump are expected to be frosty as she commented, “He is the most disruptive and egotistical leader at the (G20) summit”. […]

COMMENT: Dear Marty   I’m doing business w companies in Holland. So I go there with a colleague to visit one of the factories outside Amsterdam.   We rent a car and drive there. Everything is fine and all. No problems with traffic, finding our way or so …   After leaving Amsterdam back home it […]

India has been fighting the gold trade for the past few years. They have sought to highly restrict it to prevent the net capital outflow. They even attempted to impose a 18% tax. As of July 1st, 2017, India is imposing a tax on gold bullion be it in coin or bar form of 3%. […]

The research group, Just Facts, has released a study at post election polling from the 2008 elections that put Obama in the White House.  The data has led to the conclusion that the number of noncitizens voting illegally in U.S. elections is far greater than previous estimates. The new number is 5.7 million illegal aliens voted based […]

A positive start to the week for Asia with all core bourses returning strong one day gains. Hang Seng produced the best close (+1.2%) reflecting much of the closing numbers from the late Friday rally, China core Shanghai closed +0.7% firmer. SENSEX another strong day closing +0.8% higher. Chinese domestic data for New Home Prices […]

COMMENT: Mr. Armstrong; I had the wonderful experience of flying to France to see my son going to school there. Upon my arrival, I was immediately commandeered by the French police asking me how much money I had. I didn’t even get out of the Paris airport. I was not dressed elegantly; just jeans. I […]

It’s looking like a hung Parliament and the polls got it wrong again in Britain. The Conservatives appear to be 12 seats short of the 326 to rule with a majority vote after a 20 point lead back in April. Theresa May is facing a serious backlash over her shocking election campaign gamble following an exit […]

Spain’s Banco Santander is paying €1 to take over troubled rival Banco Popular, in a deal that illustrates Europe’s new system to rescue failing banks without burdening taxpayers or stressing markets. This is being cheered around the world because the shareholders lost absolutely everything. The bank which was valued in the collapse at €1.6 billion was […]

The Asian session was mildly positive with just the Nikkei, the SENSEX and Nifty closing lower on the day. Although they were only small gains, they were gains none the less from +0.2% up to +0.3% for Shanghai, Hang Seng, and ASX. China was helped by better than expected data trade data. The situation in […]